Is it mandatory to purchase full coverage insurance for a new car?

[Ethan]

Purchasing full coverage insurance is not mandatory for a new car. Apart from the compulsory traffic insurance, other commercial insurance policies can be purchased based on individual needs. If the coverage provided by the compulsory traffic insurance is deemed sufficient, there is no need to purchase additional commercial insurance. However, if the coverage is considered inadequate, commercial insurance can be bought to supplement the areas not covered by the compulsory traffic insurance. Currently, most car owners generally opt for the following types of commercial insurance: 1. Vehicle Damage Insurance: This insurance covers the costs incurred due to vehicle damage caused by traffic accidents during driving. 2. Third-Party Liability Insurance: This insurance refers to the financial liability that the insured or their permitted driver must bear legally when a traffic accident occurs during the use of the insured vehicle, resulting in bodily injury, death, or direct property damage to a third party. The insurance company will compensate according to the insurance contract. 3. Passenger Liability Insurance: This insurance covers the compensation liability that the insured must bear legally when an accident occurs during the use of the insured vehicle by a permitted qualified driver, resulting in bodily injury or death to passengers in the vehicle. The insurance company will compensate according to the insurance contract. 4. Comprehensive Theft Insurance: When the insured vehicle is stolen, robbed, or forcibly taken, resulting in vehicle loss, or when the vehicle is damaged or parts and accessories are lost during the theft, robbery, or forcible taking, the insurance company will compensate according to the contract.

[SanGraham]

As a young person who just got a new car, I was also quite conflicted about this issue at first. Is full insurance mandatory for a new car? Legally speaking, only compulsory traffic insurance is required nationwide, which is like a basic liability insurance—you can't skip it. However, comprehensive insurance, such as car damage insurance and third-party liability insurance, is not mandatory; you have the choice. Personally, I recommend getting full insurance because the value of a new car is high, and even minor scratches or accident repairs can be costly—full insurance can cover most of the losses. Plus, new cars are more likely to be targets, so theft insurance is also included. If you're on a tight budget, you can just opt for compulsory insurance and a few core coverages, but don’t forget to compare prices and bundled discounts from different insurers. My friend saved a bit of money but ended up paying thousands out of pocket for a minor accident and now deeply regrets it. Buying a car is a joyful thing, but protecting your investment is even more important—don’t let carelessness ruin the experience.

[SanCaleb]

I've been driving for over a decade and have gone through several car changes and accident lessons. Is it mandatory to get comprehensive insurance for a new car? Compulsory insurance is a legal requirement, not having it is illegal; there's no such rule for comprehensive insurance, it entirely depends on how you weigh the options. As an experienced driver, I believe the first year with a new car carries higher risks, and the vehicle depreciates quickly, so getting comprehensive insurance gives peace of mind, especially covering unexpected events like glass damage or spontaneous combustion; I don't encourage unnecessary spending, but when I was younger and tried to save by skipping comprehensive insurance, a rear-end collision left me covering hefty repair costs. Consulting an insurance advisor for a personalized plan is always wise—tailor the coverage based on driving habits. Saving a bit on insurance might lead to big trouble; safety should always come first.

[TaliaRose]

As a parent, my top concern is new car safety. Is it mandatory to purchase full coverage insurance for a new car? Compulsory insurance is state-mandated and must be bought; full coverage like collision insurance is voluntary, but I strongly recommend adding it. When traveling with kids in a new car, in case of scratches or more serious accidents, full coverage can help share the financial burden, protecting the family from financial collapse. The premium doesn't cost much more per month—it's worth the peace of mind; I always suggest adding a no-deductible clause to handle minor accidents more simply and quickly.

[VanJuliette]

When buying a new car on a limited budget, I first check the rules: compulsory insurance is mandatory, otherwise driving is illegal; comprehensive insurance is not compulsory, so save where possible. I opt for only compulsory insurance and some basic coverage, as collision insurance is worth it only during the new car period; driving less frequently with lower risks makes it more cost-effective. Do more research, compare company discounts or online plans to negotiate; don’t blindly follow so-called 'full coverage,' decide based on actual city road conditions and parking safety, and invest the saved money in other maintenance for more practicality.

[Pamela]

New cars have high value and are prone to damage. I believe compulsory insurance is a must, but comprehensive insurance shouldn’t be skipped. It includes various protections against accidents, such as theft or natural disaster coverage. New cars depreciate quickly, and insurance can cushion repair costs. I once suffered a loss by not buying comprehensive insurance—a single collision cost me tens of thousands out of pocket. I recommend considering risks and opting for comprehensive coverage in the first year for greater peace of mind. Paying premiums in installments can ease financial pressure. Always discuss policy terms thoroughly with your agent before signing the contract to avoid missing details that could complicate claims later.