How to Get Insurance for a Used Car?
3 Answers
There are two main methods for transferring insurance on a used car: modifying policy elements or applying for cancellation and re-insuring. Here is relevant information about insuring a used car: 1. Considerations: When purchasing insurance for a used car, consumers should thoroughly evaluate the vehicle's actual condition and their financial situation. It is important to distinguish between basic and additional coverage, prioritize appropriately, and make reasonable choices. Experienced drivers may opt for only essential coverages such as vehicle damage insurance, third-party liability insurance, and no-deductible special coverage, omitting other types. Additionally, consumers should wisely combine different coverages. For instance, after securing vehicle damage insurance, they can choose supplementary coverages like standalone glass breakage insurance or spontaneous combustion loss insurance based on actual needs, leveraging the complementary roles of primary and additional coverages. 2. Methods to Check Insurance Claim Records: Call the insurance company's customer service: Individuals can call the insurer's hotline, explain the situation to the representative, and provide the license plate number to inquire about the used car's prior accident history. Compulsory insurance information platform: Individuals can log in to local compulsory traffic insurance query websites, input the used car's license plate number as prompted, and access the vehicle's claim records.
When I first bought a used car, the biggest headache was insurance. The top priority was transferring the insurance policy - I had to bring my ID card and new vehicle license to the insurance company. Compulsory traffic insurance must be renewed as it's mandatory for driving. For commercial insurance, I recommend third-party liability coverage of at least 1 million yuan, given the number of luxury cars on the road today where even minor scratches can lead to unaffordable compensation. Comprehensive coverage depends on the car's condition - worth it for cars under five years old, but not for older vehicles. Remember to ask the previous owner for the previous year's policy - if there were no claims, you can enjoy a no-claim discount. Finally, don't choose small insurance companies just to save money - their complicated claims procedures will make you regret it.
As a budget-conscious person, my principle for buying used car insurance is affordability and adequacy. Compulsory traffic insurance is non-negotiable and must be purchased. For commercial insurance, I only opt for third-party liability coverage with a minimum sum insured of 800,000, which is entirely sufficient. I skip comprehensive coverage altogether, especially for vehicles over eight years old, where repair costs might be lower than the premium. Online price comparison is convenient—just enter the license plate to get quotes and customize additional coverage. Discounts from the previous owner's insurance record can be transferred, and renewing 30 days in advance offers the best deal. For cars over ten years old, remember to confirm insurability as some companies impose restrictions.
