Is it acceptable to delay car insurance payment by one month?

[Suzanne]

If car insurance payment is delayed by one month, especially for compulsory traffic insurance, the vehicle is not allowed to be driven on the road. Components of car insurance: Car insurance generally consists of two parts: basic insurance and additional insurance. Basic insurance is further divided into vehicle damage insurance and third-party liability insurance. Coverage of car insurance: Vehicle damage insurance covers losses to your own vehicle; third-party liability insurance covers damages to objects outside your own vehicle, such as people and public property you hit, or the other party's vehicle; passenger liability insurance covers injuries and property losses to people in your own vehicle; theft insurance covers compensation when your vehicle is stolen.

[LeMaddox]

As a car owner, I often get asked similar questions by friends. Delaying insurance purchase by a month might seem like saving a small amount, but it's too risky. The law requires drivers to have continuous and valid compulsory third-party liability insurance. Even a lapse of a few days can result in fines ranging from hundreds to thousands of yuan. In case of an accident, such as a scrape or collision, without insurance, you'd have to bear all repair and medical costs yourself, multiplying the expenses several times. I believe safety is the top priority and suggest setting a calendar reminder for renewal in advance or discussing installment payment options with the insurance company. Don't risk major losses for minor savings.

[VonElle]

I've pondered this question too. Right after getting my driver's license, I thought about delaying insurance to save money since the premiums seemed high. But in reality, any delay violates traffic regulations - if caught by police, you'll definitely face fines and possibly license points deduction. Driving without insurance is like running naked - extremely unsafe, and in case of an accident, full responsibility falls on you with unaffordable compensation. My suggestion is to choose a low-cost insurer or reduce coverage period based on your budget, but never risk delaying to save this small amount of money.

[TaliaAnn]

Don't even think about delaying insurance for a month. I insist on buying it promptly because it protects both yourself and others' safety. Accidents during the lapse period come at a high cost and can easily ruin your finances. It's advisable to purchase it before expiration to avoid any coverage gaps.