Should You Purchase Motor Vehicle Damage Insurance?

[DakotaMarie]

Whether to purchase motor vehicle damage insurance depends on the car owner's preference. It is a type of commercial auto insurance and is not mandatory. If motor vehicle damage insurance is not purchased, the car owner will need to bear the vehicle repair costs in the event of an accident. However, if the insurance is purchased, the owner can file a claim and receive compensation from the insurance company. The coverage of motor vehicle damage insurance includes the following: 1. External force damage: Collision, overturning, falling; accidental collision, where the insured vehicle suffers damage due to accidental impact with external objects, rollover, or other accidents. 2. External object damage: Damage caused by falling or collapsing external objects, such as the insured vehicle being struck by collapsing objects, falling airborne objects, or parallel falling during the vehicle's operation. 3. Natural disasters: Tornadoes, lightning strikes, floods, tsunamis, ground collapse, ice collapse, cliff collapse, avalanches, mudslides, landslides, fires, and explosions.

[LeBrianna]

As a veteran driver with over 20 years of experience, I must say that comprehensive car insurance is absolutely worth buying. When you're on the road, anything can happen—rear-end collisions, scratches, even natural disasters. Once when I was on a business trip, my car parked by the roadside got hit. Without insurance, I would have had to pay for the repairs myself, costing me tens of thousands. Comprehensive insurance helps share these risks, especially for new cars or financed vehicles, protecting your investment. The premium, ranging from a few hundred to a few thousand annually, might seem expensive, but it's better than suddenly shelling out a large sum. Drive carefully day to day, but risks are unpredictable—insurance is an essential safety net. I recommend choosing coverage based on your car's value and the risk level of your area; places with chaotic city traffic or unpredictable weather should consider it even more. Don't skimp on this expense—it's too late when something happens. Regularly review your policy and talk to your insurer about discounts; saving a bit is always a plus.

[DelStephen]

I've owned my car for ten years and have always been meticulous about expenses. Is auto damage insurance worth it? You need to do the math. If the car is old and not worth much, say only fifty thousand, with annual premiums around a thousand and average repair costs just two to three thousand, and a low accident probability, it might not be cost-effective. I would opt for only compulsory insurance and third-party liability insurance, saving money for other uses. However, new or luxury cars are different—premiums may be higher, but repairs like a paint job can cost thousands or even tens of thousands, making risk-sharing wise. Driving habits also matter—if you're cautious and have few accidents, saving on premiums is reasonable. For example, my car rarely goes on highways, and I regularly check its condition, so I skip comprehensive insurance for now. In short, assess the car's residual value and risks; don't blindly follow trends.

[MiguelDella]

When I first bought the car, I hesitated about whether to purchase insurance. My friend insisted it was a must, and after buying it, I realized it was truly worth it. Beginners are prone to mistakes—once while reversing, I didn't notice and hit a pillar, denting the rear. The insurance company covered the repair costs; otherwise, I would have had to pay hundreds out of pocket. Now I understand that car damage insurance is a safety net—the premiums are affordable, and paying monthly makes it easy to manage. Especially for new drivers with higher accident rates, protecting yourself is crucial. Plus, with complex urban road conditions and frequent parking collisions, insurance brings peace of mind. I recommend not waiting for an incident to buy—prepare in advance.

[JulianaAnn]

Years of driving experience have taught me that vehicle damage insurance should vary from person to person. New cars must be insured, as they depreciate quickly and repairs are expensive. But my old car, which has been running for 15 years, has low residual value, and repair costs often save more than the insurance premium. After weighing the options, I stopped comprehensive coverage and only insured the necessary parts. The key is to consider personal circumstances: if your car often goes on long trips or is parked in high-risk areas, insurance is useful. The premium is stable every year, and it can also serve as a risk fund. Combined with daily maintenance, such as regular servicing to reduce the risk of breakdowns, the insurance cost is worth it. In short, make rational decisions and don’t waste money on unnecessary coverage.