How to Buy Insurance for Cars Over 8 Years Old?
1 Answers
Process for buying insurance for cars over 8 years old: 1. Plan carefully: Make a proper insurance plan and choose suitable coverage types based on needs to avoid waste. Generally, you can opt for compulsory traffic insurance, vehicle damage insurance, third-party liability insurance, and spontaneous combustion insurance. Compulsory traffic insurance: A mandatory liability insurance where the insurer compensates for personal injury, death, or property damage caused to victims (excluding the vehicle occupants and the insured) in road traffic accidents involving the insured vehicle, within the liability limits. Vehicle damage insurance: Covers damage to the insured vehicle caused by an insured accident while the vehicle is being used by the insured or an authorized driver. Third-party liability insurance: Covers the economic liability the insured must bear by law for accidental injuries or direct property damage to third parties caused by the insured or an authorized driver while using the insured vehicle. Spontaneous combustion insurance: An additional coverage under motor vehicle damage insurance. 2. Compare options: Next, compare different auto insurance companies to find the best value. 3. Choose the right channel: Finally, select the correct insurance channel. Online insurance is a smart choice, offering convenience, the ability to compare prices and services of multiple insurers, and a 15% discount.