Is car insurance calculated based on the car's price?
1 Answers
When purchasing insurance for a new car, the premium is indeed determined based on the car's price, calculated according to the vehicle's actual value. Here are the specific details: 1. Comprehensive insurance: "Comprehensive insurance" generally includes compulsory traffic insurance, third-party liability insurance, vehicle damage insurance, total loss theft insurance, passenger liability insurance, standalone glass breakage insurance, body scratch insurance, and no-deductible coverage, among others. 2. Discounts: If the owner wishes to pay lower premiums in the future, they should try to avoid making claims and drive carefully on the road, strictly adhering to traffic rules. Violating traffic rules frequently may affect next year's premiums, leading to an increase in insurance costs.