Is Vehicle Damage Insurance Mandatory to Purchase?

[StEloise]

Vehicle Damage Insurance is not mandatory to purchase. Below is a partial introduction about auto insurance: Components: Auto 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 Details: Vehicle Damage Insurance provides compensation for damages to your own vehicle; Third-Party Liability Insurance covers damages to targets outside your own vehicle, such as people hit, public property, or the other party's vehicle; Passenger Liability Insurance compensates for injuries and property losses to people inside your own vehicle; Theft Insurance provides compensation when your own vehicle is stolen; No Deductible Coverage ensures 100% compensation in case of an accident. If No Deductible Coverage is not purchased, you are responsible for 30% of the deductible in each accident.

[OIsabella]

As a seasoned driver with years of experience, I know very well that vehicle damage insurance is not mandatory. What's truly compulsory is compulsory traffic insurance, which only covers other people's losses, not your own vehicle. But honestly, vehicle damage insurance is very practical—I've personally benefited from it when my car got scratched in a parking lot, and the claim was fully covered. If you don't buy it, the risk is quite high; repair costs could easily run into tens of thousands if an accident occurs. My advice is: if your car is new or quite valuable, it's worth spending a bit on vehicle damage insurance. If your budget is tight, you can choose different coverage options. It offers much more peace of mind than just having compulsory insurance, and with so many insurance companies around now, you can easily find one with good value for money.

[LeAdalynn]

I was also confused about this when I first bought a car, but after researching, I learned that vehicle damage insurance isn't mandatory. The only legally required insurance is compulsory traffic insurance, which covers third-party liability. However, I still recommend considering vehicle damage insurance, especially as a car owner—your vehicle is your asset. Without it, if your car gets vandalized or suffers natural damage, you'd have to pay out of pocket for repairs, which can be costly. I've consulted some resources that say this type of insurance can save you hassle, covering accidents like collisions and floods. But it varies from person to person—you might want to assess your driving frequency and environment first before deciding.

[LeEmily]

In my opinion, vehicle damage insurance is completely optional, not mandatory. The key issue is cost—buying it means spending an extra few hundred to over a thousand yuan annually. I'm used to being meticulous with money, and honestly, if your car isn't worth much, there's no need to waste money on it once it's old. But beware of unexpected incidents, like minor accidents on the road—without insurance, paying for repairs out of pocket can really sting. My strategy is: full coverage for new or high-value cars, and relying on compulsory insurance for older ones. Remember, only having compulsory insurance can be risky.

[SamanthaLee]

From a maintenance perspective, I can confirm that auto damage insurance is not legally mandatory. The compulsory traffic insurance covers liability risks for others. But as a pragmatist, I must say auto damage insurance is well worth considering. It covers various scenarios of vehicle damage, such as collisions or theft, otherwise you might regret it when an accident occurs. I recommend deciding based on vehicle usage—if you frequently drive long distances or in areas with rain or snow, auto damage insurance serves as a safety net. Don't overlook this option; it can significantly reduce the financial burden of unexpected losses.