Is Full Coverage Insurance Mandatory for New Cars?
1 Answers
Full coverage insurance is not mandatory for new cars; the types of insurance to purchase can be decided based on your actual situation. Additional information: 1. For cars purchased with installment payments: During the installment period, commercial insurance must be purchased at the dealership every year, and full coverage insurance is also required. 2. If the car is purchased outright, some 4S stores may stipulate that the first year's commercial insurance must be purchased at the store; otherwise, the car will not be sold. If there are no such complicated regulations and consumers are free to choose, they can select insurance types based on their circumstances: (1) Car insurance includes compulsory traffic insurance and commercial insurance, with compulsory traffic insurance being mandatory by the state. (2) Commercial insurance includes many types, such as third-party liability insurance, vehicle damage insurance, etc. If your driving skills are very proficient and you have never had any scratches or dents in over a decade of driving, you may choose not to purchase vehicle damage insurance. If your driving skills are not very proficient and you often experience scratches, you might consider purchasing vehicle damage insurance for your car. If the security in your residential area is not very good, you could buy theft insurance for your car. If your area frequently experiences heavy rainstorms, you might consider purchasing water damage insurance for your car.
