How to Buy Car Insurance Cost-Effectively?

[JessicaLee]

Purchasing Compulsory Traffic Insurance, Non-Deductible Insurance, and Third-Party Commercial Liability Insurance is the most cost-effective option. Below is relevant information about car insurance: 1. Compulsory Traffic Insurance: This insurance is mandatory. According to regulations from relevant national authorities, vehicles without Compulsory Traffic Insurance are not allowed on the road. In other words, a car must have at least one type of insurance, which is Compulsory Traffic Insurance. 2. Non-Deductible Insurance: When an insurance company settles a claim, it typically covers only 70% of the cost, meaning the remaining 30% is not reimbursed. However, if you purchase Non-Deductible Insurance, the remaining 30% can be effectively compensated through this coverage. 3. Third-Party Commercial Liability Insurance: This insurance generally covers situations where the policyholder causes damage to another vehicle and is responsible for repairing it. In such cases, this insurance proves its value. Even when repairing someone else's car, having this insurance allows for compensation through the insurance claim process.