What are the commercial insurances for auto insurance?

[BlakelyMarie]

Commercial insurances for auto insurance include the following: 1. Vehicle Damage Insurance: The vehicle price is the main factor affecting vehicle damage insurance. The premium for vehicle damage insurance = (base premium + vehicle purchase price * rate) * discount coefficient, where vehicle purchase price = ex-factory price + purchase tax. 2. Third-party Liability Insurance: Third-party liability insurance refers to the economic responsibility that the insured or their permitted driver should bear according to law when an accident occurs while using the insured vehicle, causing personal injury or death or direct property damage to a third party. In this case, the insurance company is responsible for compensation. 3. Passenger Liability Insurance: Passenger liability insurance refers to the compensation liability that the insured should bear according to law when an insured accident occurs while a qualified driver permitted by the insured is using the insured vehicle, causing personal injury or death to passengers in the vehicle. The insurance company will compensate according to the insurance contract. 4. Theft Insurance: The premium for theft insurance is determined based on the insured amount, which is decided by the vehicle owner and the insurance company according to the actual value at the time. Theft insurance premium = (base premium for vehicle damage insurance + insured amount × rate) × (20% - 30%). 5. Scratch Insurance: The insured amounts for scratch insurance are divided into four levels: 2000, 5000, 10000, and 20000. The premium is affected by factors such as car price, insured amount, and vehicle. 6. No-deductible Insurance: The cost of no-deductible insurance = vehicle damage insurance × 15% + third-party liability insurance × 15% + passenger liability insurance × 15% + scratch insurance × 15%.

[VanEdward]

I remember when I first bought a car, I was also confused about commercial insurance. Now, after driving for ten years, I finally understand. The most basic is vehicle damage insurance, which covers repairs to your own car. There's also third-party liability insurance—if you accidentally hit someone else's car or a pedestrian, it helps cover the compensation. Passenger liability insurance is especially important, covering medical expenses for the driver and passengers. Scratch insurance is suitable for new cars, while glass insurance comes in handy when debris cracks your windshield on the highway. Nowadays, many friends also add an out-of-pocket medical expense liability insurance, which reimburses self-paid medications prescribed by hospitals. When buying commercial insurance, tailor it to your situation—for example, if you park in an old residential area, it’s advisable to add theft insurance, and if you have kids in the car, prioritize passenger liability coverage.

[WestonAnn]

Recently, I did some research to help a friend choose commercial insurance, which mainly consists of the following modules: the own damage insurance covers your own vehicle repair costs, the third-party liability insurance compensates for others' losses in accidents, and the passenger liability insurance ensures the safety of passengers. Additionally, there are optional add-ons, such as the holiday double indemnity insurance suitable for road trip enthusiasts, and the wheel loss insurance which is useful for modified cars. For new energy vehicles, it's best to add a dedicated add-on insurance that covers battery self-ignition and charging pile damage. It is recommended not to focus solely on price, but rather pay attention to the deductible rate and coverage scope, especially for new drivers, who should opt for at least 2 million in third-party liability insurance for peace of mind.

[StMax]

Commercial auto insurance mainly consists of three core coverages: Collision Coverage (which includes seven items like spontaneous combustion and theft) protects your own vehicle; Third-Party Liability Coverage compensates for injuries to others and property damage; Passenger Liability Coverage protects your passengers. Among the additional coverages, the Repair Cost Compensation during Maintenance Period is practical as it provides transportation subsidies when your car is being repaired. It's recommended to choose Collision Coverage based on your vehicle's value - older cars may skip it. For Third-Party Liability Coverage, the coverage amount should align with the city's cost of living, with at least 3 million RMB for cities like Shanghai and Beijing. If you've modified audio systems or interiors, remember to add the Additional Equipment Coverage, which costs just a few dozen yuan.

[SavannahRose]

As a father of two, I prioritize passenger liability coverage when choosing commercial auto insurance, as family safety comes first during trips. Secondly, third-party liability coverage must be at least 3 million yuan, given today's high personal compensation standards. For my 8-year-old car, I've opted for more flexibility with basic collision coverage. I recommend adding mental distress compensation liability as supplementary coverage - it provides extra protection in injury accidents. The non-medical insurance rider costs less than 100 yuan annually but proved extremely practical when my neighbor had a car accident. New energy vehicle owners should pay special attention to battery protection clauses - spending an extra 200 yuan brings much greater peace of mind.

[StDaniel]

Commercial insurance packages are like burgers with toppings—the base consists of standard coverage like vehicle damage insurance, third-party liability insurance, and passenger liability insurance. Add-on coverages are the extras: scratch insurance suits white paint jobs, glass insurance is recommended for frequent highway drivers, and holiday double-coverage is worth it for vacation trips. From my ride-hailing experience, third-party liability must be at least 5 million, and passenger insurance should be purchased in full per seat. There’s also a lesser-known but useful add-on called replacement vehicle during repairs—for an extra 60 bucks a month, you’ll have a car to use while yours is in the shop. At renewal, remember to show the sales rep your previous year’s claims record—you can negotiate a discount of around 15%.