What are the must-have car insurances?

[VanLuke]

Here is the relevant introduction to must-have car insurances: 1. Compulsory traffic insurance must be purchased: Compulsory traffic insurance is mandatory in China, so it must be bought. The price of compulsory traffic insurance is related to the number of seats in the car. The first-year premium for family-use vehicles is 950 yuan. After a traffic accident, the compensation from compulsory traffic insurance is limited, with a maximum payout of 122,000 yuan to third parties. Due to the low compensation limit, commercial insurance comes into play. 2. Third-party liability insurance must be purchased: Third-party insurance is a supplement to compulsory traffic insurance. It can compensate for the portion that exceeds the compensation limit of compulsory traffic insurance. Therefore, it is advisable to purchase both compulsory traffic insurance and third-party liability insurance to prevent financial ruin in case of hitting a wealthy person or a luxury car. It is recommended to start with a coverage of at least 300,000 yuan for third-party liability insurance. 3. Vehicle damage insurance must be purchased: The first two types of insurance are used to compensate the other party, while vehicle damage insurance is used to compensate the insured themselves. Even if your car is accidentally damaged, the insurance company will help with compensation. 4. No-deductible insurance must be purchased: After purchasing car insurance, the policyholder usually has a 20% deductible rate. No-deductible insurance means transferring the 20% that should be borne by the policyholder to the insurance company. Purchasing no-deductible insurance can reduce the loss for the policyholder.

[AnaLee]

I think car insurance is quite important. After driving for seven or eight years, the most essential one to buy is the compulsory traffic insurance, which is required by the government and must be obtained before driving on the road. In addition, third-party liability insurance is also indispensable, and I recommend a coverage of at least 1 million yuan, so you can afford compensation if you hit someone. I also added vehicle damage insurance, which makes it easier to repair my own car if it gets damaged. Other types of insurance, like glass breakage insurance, I buy depending on the situation—if the budget allows, I’ll add them. For insurance costs, it’s best to compare several insurance companies; you can do it online, which is quite convenient. Usually, paying attention to safe driving habits, like slowing down in rainy weather, can reduce the accident rate. Experience tells me: saving a little money and inviting big trouble isn’t worth it, especially in cities with heavy traffic and narrow roads where accidents happen often. Core insurance coverage must not be missing.

[LeAnna]

As someone with elderly and young family members, my top priority when buying car insurance is ensuring the safety of the whole family. The compulsory traffic insurance is absolutely mandatory—you can't drive without it. But that alone isn't enough; third-party liability insurance is the most critical, with coverage of at least 800,000 yuan, as it covers medical expenses for others' children in case of an accident. Since we often take our kids out, we also purchased passenger liability insurance to protect the passengers in our own car. To save money: We only buy these core insurances, costing around 2,000 yuan per year, which is much more cost-effective than full coverage. In daily driving, I make it a habit to wear seat belts and check the car's condition to avoid claim disputes. In the long run: Car insurance is an investment in safety—don’t skimp to save money. A friend of mine had an accident without adequate coverage and suffered huge losses.

[Lewis]

As a working professional with a limited budget after buying a car, there are two must-have insurances: compulsory traffic insurance – you can't skip it as the car won't be registered without it. Third-party liability insurance is also essential, with a recommended coverage starting from 500,000 yuan to cover others' losses in case of an accident. I also opted for vehicle damage insurance for peace of mind. Other insurances like theft insurance I skipped, considering urban safety. Keeping annual premiums around 1,500 yuan, comparing online apps can save hundreds. Driving cautiously daily reduces risks like rear-end collisions. Remember: core insurances protect basic living – don't let small issues turn into big troubles.

[SanAlejandro]

After retirement, I drive less, but car insurance is still necessary for full coverage. The most essential is compulsory traffic insurance, which is legally required—don't overlook this. I also keep third-party liability insurance with coverage set at 500,000 to handle minor accidents. I didn’t renew the car damage insurance since my old car has low value. To save money: the annual premium is around 1,000+, and it can be cheaper through a familiar agent. Regular car maintenance, like checking the brakes, helps prevent accidents. Safety first: having insurance brings peace of mind. Looking back, I suffered losses in my youth without car insurance. Now, covering the basics is enough—keeping life simple is better.

[BarrettAnn]

I usually enjoy researching cars, and the mandatory insurance to purchase is the compulsory traffic insurance, which is essential before driving. I strongly recommend third-party liability insurance with a coverage of 1.5 million, as it can cover significant losses in case of an accident. Whether to buy vehicle damage insurance depends on the car's condition—it's worth it for new cars. Regular maintenance like changing engine oil and tires can reduce accident rates and minimize claims. Other insurances like natural disaster insurance I didn’t buy, considering it unnecessary. Compare premiums on online platforms; around 1600 a year should suffice. Good driving habits—avoid speeding and tailgating—save both hassle and money. Ultimately, car insurance is a safety net; core insurances are must-haves for peace of mind.