Is it necessary to buy insurance for a new car?
2 Answers
It is necessary to buy insurance for a new car. Compulsory traffic insurance is required by national regulations, and if you do not purchase it, the vehicle will not be legally allowed on the road. New cars are not required to have full coverage insurance; the types of insurance to purchase can be based on your actual situation. Mandatory insurance for new cars: New cars must have compulsory traffic insurance, which is required by national regulations. Without it, the vehicle cannot legally be driven on the road. Recommended insurance for new cars: It is recommended to purchase scratch insurance for new cars, especially for novice drivers who may inevitably encounter minor collisions. Purchasing scratch insurance can provide better protection. New cars are not required to have full coverage insurance; the types of insurance to purchase can be based on your actual situation.
When you buy a new car, I strongly recommend getting insurance because this comes from personal experience. A few years ago, I bought a new car and initially thought I could save money by skipping insurance. However, after a few months, I got into a minor scrape, and the repair costs for the other car amounted to several thousand. I had to pay out of pocket. Looking back, if I had purchased compulsory traffic insurance and commercial insurance, I could have saved that unnecessary expense and covered losses from unexpected accidents. Insurance not only protects your car but also covers third-party liability—if you hit a pedestrian or damage property, someone helps resolve the dispute. Now, driving feels much more secure, especially with an expensive new car where repairs are both troublesome and costly. Insurance acts as a safety net. According to local regulations, many provinces require compulsory traffic insurance for new car registration, otherwise, you risk points deduction and fines. I suggest choosing a reputable insurance company, comparing packages, and not just going for the cheapest option while overlooking actual coverage.
