How to Pay for Compulsory Traffic Insurance Now?
2 Answers
Currently, there are several ways to purchase compulsory traffic insurance: buying it at a car dealership; purchasing through an insurance company's service personnel; or buying it on the insurance company's website. Although there are many insurance companies available, vehicle owners still need to purchase compulsory traffic insurance from qualified insurance companies designated by relevant national authorities. The coverage and exclusions of compulsory traffic insurance are as follows: 1. Coverage: Compared to the more than 20 exemption clauses in commercial third-party liability insurance, compulsory traffic insurance has fewer exemptions, such as 'losses caused by intentional actions of the victim,' 'property loss of the insured,' 'related arbitration and litigation costs,' and certain indirect losses caused by the accident. The coverage is much broader. Regardless of whether the insured vehicle is at fault in the accident, compulsory traffic insurance will provide compensation within the liability limit, with no deductible or co-payment. 2. Exclusions: According to relevant laws in China, the following situations are not covered by compulsory traffic insurance within the liability limit: personal injuries and property losses caused by intentional actions of the victim, such as suicide, self-harm, or fraud (e.g., staged accidents); arbitration or litigation costs and related expenses arising from traffic accidents; indirect losses, such as the depreciation of vehicle value due to a collision.
There are now various payment methods for compulsory traffic insurance. As a young car owner, I prefer online payment platforms. I directly link my Alipay or WeChat to the insurance company's account, enter the license plate information and insurance type, and it's done in minutes without leaving home. You can also operate through the official app, such as the Ping An Insurance app, which is simple and fast, with costs automatically calculated based on the vehicle model. Another option is to have the 4S dealership handle it, renewing the insurance when buying a car. I recommend regularly checking the electronic policy to avoid expiration, and safe driving may even qualify for discounts. Online payment is secure and efficient, a trendy method of the new era that eliminates the hassle of queuing and allows for easy record checks anytime. Insurance companies have improved their services significantly, and digitalization is the trend—everyone might as well try the new methods. Just make sure to verify the information is correct when paying.
