How to Purchase Vehicle Damage Insurance for Cars Over 15 Years Old?
2 Answers
It is possible to buy vehicle damage insurance for cars over fifteen years old, but the corresponding coverage amount will be very low. Below are the specific details about vehicle damage insurance: 1. Definition of Vehicle Damage Insurance: Vehicle damage insurance is a type of commercial auto insurance where the insurance company compensates within a reasonable range for damages to the insured vehicle caused by an insured accident while being driven by the insured or an authorized driver. 2. Coverage of Vehicle Damage Insurance: In the event of an insured accident, the insurer will bear the necessary and reasonable rescue expenses paid by the insured to prevent or reduce the loss of the insured vehicle, up to the amount of the insurance coverage.
I drive a car that's almost 20 years old, and getting comprehensive insurance for it is indeed quite challenging. Insurance companies consider older vehicles to be high-risk, often unwilling to insure them or charging exorbitant premiums. My usual approach is to first check online quote platforms of major insurers like PICC or Ping An, directly entering the license plate number to see if there's any chance. If online options don't work, I call customer service to inquire—sometimes I'm lucky enough to find specialized insurance products for older vehicles. If the premium is too high, I opt for a plan with a higher deductible to reduce costs, or add a comprehensive damage rider that only covers major incidents. I also make sure to maintain the car regularly and keep maintenance records, which helps demonstrate to insurers that the vehicle is in good condition, increasing the chances of approval. My advice is to prepare your vehicle registration and previous insurance documents, then try visiting the counter in person. Don't lose heart—there's always a solution to be found.
