Is it mandatory to purchase the first year insurance for a new car at a 4S store?
2 Answers
It is not mandatory to purchase the first year insurance for a new car at a 4S store. Car insurance can be reasonably purchased according to the owner's needs, either at the 4S store or elsewhere. Generally, if the car is purchased with a loan, the insurance needs to be bought at the store, and a certain renewal deposit will be charged. Considerations for new car insurance: 1. When purchasing car insurance for a new car, it is advisable to buy the no-deductible coverage for vehicle damage, third-party liability, and passenger liability. In the event of a traffic accident, many insurance types only cover 80% of the compensation. Without the no-deductible coverage, the remaining 20% must be borne by the owner. With the no-deductible coverage, the amount the owner needs to compensate will be lower. 2. Decide whether to notify the insurance company based on the severity of the accident. For minor scratches or dents, it is recommended that the owner handle it themselves. Notifying the insurance company may save costs at the time, but if the number of claims increases, the insurance premium for the second year will be higher than this year's. Attempting to avoid premium increases by switching insurance companies is currently not very hopeful, as insurance companies are interconnected and can check the vehicle's claim history. 3. Even if the car has not been involved in any accidents for a year, do not feel at a loss. If there are no claims in the first year, the insurance for the second year should still be purchased to avoid unexpected incidents and unnecessary losses.
When I first bought my new car, the salesperson kept emphasizing that buying insurance at the 4S shop was a must, and even mentioned special discounts. At first, I believed it and spent a lot of money signing the contract. Later, after chatting with a car-savvy friend, I realized it wasn’t necessary at all—buying on my own gave me more freedom. I checked quotes from several insurance companies online, like Ping An and PICC, and found much lower prices, saving nearly 600 yuan. Buying on my own was simple—just handled the electronic policy online and handed it over to the 4S shop when picking up the car. Legally, consumers have the right to choose; don’t be fooled. First-time buyers should be careful, do more research, and not be afraid of a little hassle—saving money is what really matters. Newbies should consult experienced drivers first.
