What are the main types of insurance needed when buying a car?
1 Answers
Compulsory traffic insurance, third-party liability insurance, vehicle damage insurance, theft insurance, and passenger liability insurance are all necessary to purchase. Below are several principles to consider when buying insurance: 1. Prioritize purchasing sufficient third-party liability insurance; when buying car insurance, the ability to compensate for others' losses should be the top priority. 2. The coverage amount for third-party liability insurance should be determined based on the compensation standards of your location; compensation standards vary across different regions in the country. 3. After purchasing sufficient passenger liability insurance, proceed to buy vehicle damage insurance; car owners without other accident or medical insurance should purchase driver insurance for medical expenses.