How to Buy Insurance for a New Car?

[LeSkylar]

New cars require the following types of insurance: 1. Compulsory Traffic Accident Liability Insurance: It is a mandatory insurance that must be purchased for motor vehicles. The insurance company compensates for personal injury, death, and property damage caused to victims (excluding passengers in the insured vehicle) in road traffic accidents within the liability limits. Simply put, it is a 'mandatory third-party liability insurance.' This insurance cannot be dropped at will, as doing so would be illegal. 2. Third-Party Liability Insurance: Abbreviated as 'TPL,' it covers accidental incidents caused by the insured or an authorized qualified driver while using the vehicle, resulting in direct personal injury, death, or property damage to a third party. The insurance company provides compensation, and the coverage limit is chosen by the insured, typically ranging from 50,000, 100,000, 150,000, 200,000, 300,000, 500,000, to 1,000,000, mainly supplementing the shortcomings of the compulsory insurance. 3. Vehicle Damage Insurance: This insurance covers losses to the insured vehicle caused by natural disasters (excluding earthquakes) or accidents within the scope of insurance liability. The insurer compensates according to the terms of the insurance contract, which is the opposite of third-party liability insurance.

[McGenesis]

I just bought a new car, and amidst the excitement, I realized insurance is a top priority. After some research, I found the first step is to secure compulsory traffic insurance, which is mandatory nationwide and can usually be handled by the 4S dealership at the time of purchase. Next is choosing commercial insurance—I compared comprehensive car insurance and third-party liability insurance. It's advisable not to skimp on coverage, especially considering the high value of a new car; spending a bit more ensures peace of mind in case of an incident. I also used several apps to compare prices, like Alipay or direct quotes from insurance company websites, making it clear at a glance. Opt for providers with good service reputations—don’t just chase low prices and overlook claims efficiency. New cars often come with discounts, such as low deductibles or maintenance points, so remember to ask for details. The whole process is straightforward: just enter the VIN and other details as prompted by the app, and you can insure with one click. Whatever you do, don’t delay—your new car needs protection the moment it hits the road.

[FaithMarie]

As a budget-conscious person, I prioritize cost-effectiveness when purchasing car insurance. First, identify essential coverage types: compulsory traffic insurance plus basic commercial insurance is sufficient—avoid unnecessary add-ons unless driving under special conditions. Then focus on price comparisons. I regularly check insurer reviews online, such as user ratings and complaint rates, rather than trusting sales pitches blindly. Mobile apps provide real-time quotes by entering vehicle details—compare at least three options. Sometimes insurer websites or 4S store promotions offer extra discounts, like 20% off the first year or free roadside assistance. I periodically review coverage adequacy: start with at least 2 million RMB for third-party liability on new cars, and insure vehicle damage at invoice price. Money-saving tips include early enrollment, reminding insurers about renewal discounts, and maintaining a clean record for lower premiums. Simply put, spending time comparing can easily save hundreds.

[VanGabriella]

I place great emphasis on safety coverage for new car insurance. First, purchase compulsory traffic insurance, which is a legal requirement—driving without it is illegal. Don’t skimp on commercial insurance: vehicle damage insurance covers repairs if your car is damaged in a collision, while third-party liability insurance covers compensation for damages to others, with a coverage amount of at least 2 million to feel secure. I also added supplementary coverage like no-deductible insurance, as new cars are prone to minor accidents—having full coverage offers peace of mind. When choosing an insurer, prioritize service; I prefer major brands like PICC or Ping An for their fast claims response and fewer disputes. The process can be handled at a 4S dealership or online—just fill in the details and pay, and it takes effect in minutes. Remember to review your policy regularly, especially in the first year of owning a new car, to ensure nothing is overlooked.