What are the penalties for a 10-day overdue compulsory traffic insurance?
2 Answers
If the compulsory traffic insurance has expired, it should be renewed immediately. Here is some information about compulsory traffic insurance: 1. According to Article 39 of the Compulsory Traffic Insurance Regulations: If the owner or manager of a motor vehicle fails to purchase compulsory traffic insurance as required, the traffic management department of the public security organ will detain the vehicle and notify the owner or manager to purchase the insurance as required, imposing a fine of twice the minimum liability limit premium that should be paid; 2. If the insurance lapse does not exceed three months and there were no claims in the previous year, the discount coefficient can still be applied.
Don't drive with an expired compulsory traffic insurance for even 10 days, or you'll be in big trouble if caught. The fine is usually double the insurance premium. For example, if the original price is 950 yuan, you'll likely be fined around 1900 yuan, plus possible demerit points and tickets. It gets worse if you're involved in an accident - the insurance company won't cover it, and you'll have to pay hundreds of thousands out of pocket, which is no joke. With over 20 years of driving experience, I've seen a friend get pulled over by traffic police for forgetting to renew for just one week. His car was impounded and he had to take time off work to sort it out, wasting a whole day. Now I always use phone reminders for renewal. If it's overdue by more than three days, I immediately pay online. Don't try to save this small amount, or the fines plus lost wages could end up costing more than the premium itself.
