What are the best types of insurance to buy for a family car?
2 Answers
Family cars must purchase compulsory traffic insurance, while other types of insurance can be chosen as needed. Apart from compulsory traffic insurance, which is mandatory, all other insurance policies are optional and can be purchased by car owners based on their needs. The purchase is not related to the age of the car, and there are no mandatory purchase requirements from any individual or institution. Below is an introduction to various types of insurance: Vehicle Damage Insurance: This insurance covers the loss of the insured vehicle due to a traffic accident while being driven, with the insurance company providing compensation within a reasonable range. Third-Party Liability Insurance: If the driver causes injury to others or damage to others' property while driving, the insurance company will compensate according to the agreement. Passenger Liability Insurance: This is an additional coverage to third-party liability insurance, but it compensates for the medical expenses or death benefits of passengers in the insured vehicle in the event of a traffic accident. No-Deductible Insurance: This is a type of additional coverage. Whether it's vehicle damage insurance or third-party liability insurance, insurance companies usually compensate only a portion of the claim. Purchasing no-deductible insurance ensures full compensation. Paint Scratch Insurance: Minor scratches on the vehicle, especially in prominent areas, can significantly affect its appearance and be distressing for the owner. Therefore, most car owners opt for paint scratch insurance for new cars. However, the cost of repairing paint scratches is relatively high, and damages caused by collisions are generally covered under vehicle damage insurance. Thus, purchasing this insurance should be considered based on individual circumstances.
As an average household user, I believe buying car insurance requires careful budgeting. Third-party liability insurance is the basic coverage—it covers compensation costs if you hit someone else, and choosing a coverage amount of over 500,000 is cost-effective. You should also get collision insurance in case your own car gets scratched or damaged, so the insurer pays for repairs. Don’t forget the no-deductible coverage, which ensures the insurer fully covers minor accidents, avoiding out-of-pocket expenses. If your budget is tight, you can skip add-ons like theft insurance or glass coverage and prioritize the core protections. Remember to compare quotes from multiple insurers to save money, and driving cautiously can also help lower premiums.
