Is it mandatory to purchase new car insurance at a 4S dealership?
1 Answers
Whether new car insurance must be purchased at a 4S dealership depends on the situation. For cars purchased with consumer loans at a 4S dealership, if the bank or financial institution has mandatory requirements, you must purchase the specified insurance when picking up and registering the vehicle. The following are considerations when purchasing insurance: Choosing an insurance company: If you choose to purchase car insurance yourself, the first step is to find a suitable insurance company. Be cautious when selecting small insurance companies, especially those that are not well-known. This is because claims settlement can be difficult and troublesome with such companies, and their limited nationwide service networks may cause car owners to waste a lot of time on procedures. Selecting insurance items: When insuring a new car, choosing the right items is crucial. The first item to purchase is vehicle damage insurance, which offers high cost-effectiveness and covers minor scratches and collisions. Next is third-party liability insurance, which serves as an excellent supplement to compulsory traffic insurance. It costs slightly more but provides significantly higher coverage. Additionally, if you don’t have a garage or a fixed parking space, theft insurance is necessary. Other additional insurances can be selected based on your needs. Points to note regarding purchasing methods: Currently, the more common methods for purchasing car insurance are phone-based and online insurance. Both are much cheaper than traditional car insurance and are very convenient, allowing you to handle vehicle insurance without leaving your home. You can also call the official PICC hotline for consultation.
