How often is compulsory traffic insurance for motorcycles paid?

[OLawson]

Compulsory traffic insurance for motorcycles is paid once a year. There is no unified payment time, and motorcycle owners can decide based on the time of their previous policy. It is crucial not to let the insurance lapse, as driving without valid insurance will also result in penalties. Introduction to compulsory traffic insurance: Compulsory traffic insurance is a mandatory liability insurance provided by insurance companies to compensate for personal injury, death, or property damage caused to victims (excluding the vehicle's occupants and the insured) in road traffic accidents involving the insured vehicle, within the liability limits. Insurance characteristics: From the perspective of the subject matter, compulsory traffic insurance is a type of liability insurance. According to Article 65 of the Insurance Law, it refers to insurance where the subject matter is the insured's legal liability to compensate a third party. When the insured causes harm to a third party under liability insurance, the insurer may, in accordance with legal provisions or contract terms, directly compensate the third party with the insurance payment.