How to Buy Car Insurance Cost-Effectively?

[AlessandraMarie]

Purchasing Compulsory Traffic Accident Liability Insurance, No-Deductible Coverage, and Third-Party Commercial Liability Insurance is the most cost-effective option. Below is relevant information about car insurance: 1. Compulsory Traffic Accident Liability Insurance: This insurance is mandatory. According to regulations by relevant national authorities, vehicles without this insurance are not allowed on the road. In other words, a vehicle must at least have this type of insurance. 2. No-Deductible Coverage: 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 No-Deductible Coverage, the remaining 30% can be effectively compensated through this insurance. 3. Third-Party Commercial Liability Insurance: This insurance generally covers situations where the policyholder causes damage to another vehicle and is responsible for repair costs. 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.