What are the 4 essential types of insurance for private cars?
3 Answers
There is only one mandatory insurance for vehicles, which is the Compulsory Traffic Accident Liability Insurance, also known as "Jiao Qiang Xian." Additionally, there are other optional insurances such as Passenger Liability Insurance, Third-Party Liability Insurance, and No-Deductible Additional Insurance. These insurances cover compensation for non-vehicle personnel involved in traffic accidents on the road, including personal injuries, fatalities, and property losses, within specified limits. Below is a detailed introduction to some auto insurance types: 1. Types: Auto insurance is divided into Compulsory Insurance (Jiao Qiang Xian) and Commercial Auto Insurance. Compulsory Insurance is mandatory and must be purchased. 2. Commercial Auto Insurance: Commercial Auto Insurance includes Basic Insurance and Additional Insurance. The most important basic insurances are Third-Party Liability Insurance and Vehicle Damage Insurance, which are purchased by the majority of car owners. 3. Other Situations: If the parking environment is poor and poses higher risks, Theft Insurance should be considered. In humid and rainy regions, Spontaneous Combustion Insurance and Water Damage Insurance are recommended.
As a veteran driver with over a decade of experience, I believe there are four essential types of insurance for private vehicles that should never be overlooked. Compulsory traffic insurance is the most fundamental—without it, your vehicle cannot legally hit the road, and you'll be liable for compensating the other party in case of an accident. I highly recommend opting for high coverage for third-party liability insurance; if you accidentally injure someone or cause property damage, it prevents financial ruin. Vehicle damage insurance is crucial for protecting your own car against incidents like rear-end collisions or vandalism. Passenger liability insurance is also indispensable, especially when carrying family or friends, ensuring their safety. Personally, I also add a no-deductible coverage to avoid out-of-pocket expenses, but the core remains these four. Remember to regularly check your policy—don’t let it expire unnoticed, which would be risky. With proper insurance in place, driving becomes much more reassuring. Spending a little to avoid major troubles is truly a wise move.
As a young person who enjoys driving around for fun, I've carefully budgeted for car insurance. The four essential types of insurance for private vehicles include compulsory traffic insurance, third-party liability insurance, vehicle damage insurance, and passenger liability insurance. Compulsory traffic insurance is the basic requirement for driving on the road. I opt for a medium level of third-party liability insurance to guard against exorbitant compensation costs. Vehicle damage insurance makes repairs hassle-free—just claim directly if the car gets scratched. Passenger liability insurance protects passengers, especially when driving with my girlfriend, adding an extra layer of reliability. I also recommend comparing prices online to save a few hundred bucks for gas—it's both economical and practical. Don’t forget daily maintenance like checking tire pressure, as safe driving is always the top priority. With these insurances in place, handling accidents becomes much simpler, avoiding panic and keeping my mind at ease.
