How to Buy Car Insurance?
2 Answers
The full name of compulsory traffic insurance is "Compulsory Traffic Accident Liability Insurance for Motor Vehicles". It is the first mandatory insurance system implemented by national law in China. The meaning of third-party commercial liability insurance refers to accidents that occur when the insured or their legally permitted drivers use the insured vehicle. Vehicle damage insurance refers to the situation where the insured vehicle is damaged due to an insured accident while the insured is using it, and the insurance company will provide compensation within the specified limits.
When I bought car insurance for the first time, I was a bit confused. Later, I summarized a few key points: Compulsory traffic insurance is a must, as it's required by law. For commercial insurance, it depends on your needs. I recommend third-party liability coverage of at least 2 million yuan, given the number of luxury cars on the road—it ensures you can afford compensation in case of a scrape. Vehicle damage insurance is also essential, as repairing your own car can be expensive. If you often carry family or friends, adding passenger liability insurance provides extra peace of mind. When it comes to pricing, don’t just look at the quote—also consider the insurance company’s service quality, especially how fast they handle claims. Every year, I compare several insurers a month in advance, factoring in renewal discounts and free maintenance services. For new energy vehicles, make sure to check additional coverage options related to the battery.
