What are the mandatory insurances for motor vehicles?

[CarterMarie]

For the first year of a new car, the compulsory insurance that must be purchased is the compulsory traffic insurance, and commercial insurance can be chosen based on actual circumstances. The details are as follows: Compulsory Traffic Insurance: Compulsory traffic insurance is a mandatory liability insurance provided by insurance companies to compensate for personal injuries, deaths, and property losses of victims (excluding the vehicle's occupants and the insured) caused by road traffic accidents involving the insured motor vehicle, within the liability limits. Commercial Auto Insurance: Commercial motor vehicle insurance is voluntarily purchased by the vehicle owner from commercial insurance companies after obtaining the compulsory traffic insurance required by the state. Commercial auto insurance generally includes vehicle damage insurance, third-party liability insurance, theft insurance, and passenger liability insurance.

[MilesAnn]

After driving for so many years, what I remember most clearly is that you must buy compulsory traffic insurance, officially known as Compulsory Motor Vehicle Traffic Accident Liability Insurance. This thing is legally mandatory—if you don't buy it, forget about hitting the road. Otherwise, you'll get fined or even have your car impounded if caught. It mainly covers third-party liability, meaning if you hit someone while driving and they get injured or their property is damaged, the insurance company pays, saving you from personal bankruptcy. I often see people asking about this in community groups, but it's actually simple: you have to buy it when registering a new car. The cost is low, but the protection is solid. Also, you must show the insurance policy during the annual vehicle inspection—without it, your car won’t pass. In short, as a car owner, this is something you absolutely can’t ignore. Saving a little money now could lead to big trouble later. I think I should add some experience here: even though compulsory insurance is a basic must-have, I also added commercial insurance like vehicle damage insurance for extra peace of mind. Seeing so many accidents on the road has made me understand the importance of this insurance even more—protecting others' safety is what really matters.

[Emma]

When I first bought the car, the dealer said insurance was mandatory, and I was totally clueless about what exactly was needed. Later, I learned it mainly refers to compulsory traffic insurance, which is a mandatory liability coverage for third-party compensation in case of accidents. After driving for a few months now, I realize it’s a lifesaver. For example, in a minor scrape, the insurance company directly covered the other party’s repair costs, saving me from disputes. As a newbie, I’d advise not to delay—get it done when buying the car. The process isn’t complicated; you can handle it at the 4S store or through online apps. The cost is paid annually, averaging a few hundred bucks, totally worth it. I also learned that driving without insurance could result in hefty fines if caught by cameras, and it might even affect your license renewal. Plus, friends in group chats often share accident experiences, emphasizing that insurance isn’t just about protecting the car but also your safety—a point that made me reflect. Bottom line: this insurance is a must-have for hitting the road. Don’t risk skipping it to save a few pennies.

[DanielaRose]

As someone who cares about traffic safety, I know that compulsory insurance like compulsory traffic insurance is mandatory. It protects the rights of third parties in accidents, ensuring victims are not left helpless. The law requires vehicle owners to purchase it, and the costs are transparent. For example, after a car accident, it can quickly cover medical or repair expenses. From experience, many people overlook it, leading to serious disputes. I recommend handling it as soon as you buy a car—online processing is fast and simple. It's linked to annual inspections; without the policy, you'll hit a snag. The benefits go beyond saving money; it also reduces road risks. Personally, in my experience, when an accident occurs, the insurance comes in handy—it's truly a relief.