What are the must-have insurances for a new car?

[OCorey]

There are mainly two types of must-have insurances for a new car. One is compulsory traffic insurance, which is required by the state; the other is commercial insurance, which is specifically divided into the following four types: Third-party liability insurance: This insurance provides compensation for the non-involved party, i.e., the other party, in a traffic accident. If such an accident occurs, compulsory traffic insurance usually offers minimal compensation. Purchasing this insurance reduces the financial burden on the car owner by covering most of the costs. Vehicle damage insurance: This insurance covers a wide range of scenarios, from minor scratches to severe vehicle damage, with repair costs reimbursed by the insurance company. Special insurance for cases where the third party cannot be found: This insurance comes into play when the vehicle is damaged and the responsible party cannot be identified, with the insurance company covering 30% of the compensation. No-deductible liability insurance: If you only have vehicle damage insurance and third-party liability insurance, you can only receive 80% of the loss in the event of an accident. Purchasing this insurance ensures full compensation from the insurance company.

[AllieMarie]

When I first got my new car, I was super excited, but I didn’t forget about insurance. Compulsory traffic insurance is a legal must-have—you can’t drive without it, as it covers basic compensation in case of an accident. I also strongly recommend adding comprehensive coverage; not only does it hurt to see a new car get scratched, but repairs can be ridiculously expensive—having it covered saves a lot of hassle. Third-party liability insurance is also essential, covering damages to others—otherwise, you could be in big trouble if you can’t afford the compensation. Don’t forget passenger liability insurance; it adds a layer of safety when you have friends or family in the car. Spending a little extra for peace of mind is worth it. As you know, risks are unpredictable when driving long-term, but insurance can be a safety net—don’t just focus on saving money and regret it later.

[Corinne]

From experience, choosing the right insurance for a new car is crucial. Compulsory traffic insurance is a must—no questions asked, as it's legally required, and skipping it means breaking the law. Personally, I recommend collision insurance and third-party liability insurance. Repair costs for new cars are high, and if you accidentally scrape a luxury car, third-party insurance can handle the risk. If that still feels insufficient, adding a no-deductible coverage can reduce out-of-pocket expenses, making it more cost-effective. I suggest tailoring your choice to your driving habits—for example, don’t skimp if you frequently drive on highways. When selecting insurance, pay attention to coverage limits to avoid regrets. After all, safe driving is the foundation, but accidents can still happen unexpectedly.

[LaPaul]

When buying a new car, I prioritize getting the compulsory traffic insurance first, as it's a mandatory requirement before hitting the road. Vehicle damage insurance is absolutely essential, given the high repair costs for new cars—it keeps you from falling into a financial pit. Third-party liability insurance is also highly recommended, as it can cover compensation for others in case of an accident. Don't underestimate passenger liability insurance either; it provides extra security when carrying passengers. In short, spending a bit on comprehensive coverage buys peace of mind.

[ChaseLee]

As a car owner, I believe new car insurance should be comprehensive. Compulsory traffic insurance is a basic mandatory coverage that shouldn't be overlooked. Vehicle damage insurance is very practical for new cars because repairs can be expensive right after purchase. Adding third-party liability insurance provides extra protection, safeguarding yourself from the risk of huge compensation payouts. Passenger liability insurance is also worthwhile as it offers an additional safety net. When choosing insurance, consider your driving habits - don't cut corners to save small amounts that might leave you exposed to risks.

[MacLeah]

After picking up my new car, the first thing I considered was the insurance package. Compulsory traffic insurance must be arranged before hitting the road to ensure legality. I also added vehicle damage insurance to cover repair costs for my own car – fixing scratches on a new car can be expensive. Third-party liability insurance isn't something I'd recommend skipping, as it makes handling accident compensation much easier. Passenger liability insurance is also a good choice for peace of mind when carrying passengers. Overall, spending a bit on comprehensive long-term coverage is worthwhile – don't cut corners.