What are the three must-have car insurances?

[Wilson]

The three must-have car insurances are: 1. Compulsory Traffic Accident Liability Insurance; 2. Vehicle Damage Insurance; 3. Third-Party Liability Insurance. Compulsory Traffic Accident Liability Insurance is a mandatory requirement by the state and is essential for every vehicle on the road. Vehicle Damage Insurance primarily safeguards the property safety of the car. Third-Party Liability Insurance is used to protect the life or property safety of others. These three insurances are known as the three must-have car insurances. If the budget for purchasing car insurance is limited, these three insurances can maximize coverage. Car insurance is a type of property insurance. In the field of property insurance, car insurance is a relatively young category, as it emerged and developed alongside the appearance and popularization of automobiles. Unlike modern motor vehicle insurance, in the early stages of car insurance, Third-Party Liability Insurance was the main coverage, gradually expanding to include risks such as collision damage to the vehicle body.

[McPiper]

As a young person who often commutes by car, I think car insurance is quite crucial. When chatting about cars with friends, these three must-have insurances always come up: compulsory traffic insurance, third-party liability insurance, and car damage insurance. Compulsory traffic insurance is mandatory by law and covers basic losses for the other party in case of an accident; third-party liability insurance is even more important—if you accidentally injure someone or damage their car, it can cover substantial compensation costs; car damage insurance protects your own car. As a new driver, minor scrapes are inevitable, and having this insurance provides peace of mind. Last time my car got scratched while parked, I had to pay nearly 10,000 RMB for repairs because I didn’t have the coverage—it was a scary lesson. Additionally, it’s advisable to opt for higher coverage for third-party liability insurance, as urban road conditions are complex and compensation amounts can exceed expectations. Buying insurance is quick and easy via apps these days—just pick a reliable company and hit the road with confidence. Anyway, the annual premium isn’t too expensive, working out to just a few hundred RMB per month when broken down.

[McVera]

As a parent of two, my biggest fear when driving with kids is unexpected accidents. The three must-have car insurances are compulsory traffic insurance, third-party liability insurance, and vehicle damage insurance. Compulsory traffic insurance is a basic requirement that helps settle minor fender-benders hassle-free; third-party liability insurance focuses on protecting the rights of pedestrians and other vehicles—if a major accident occurs, the compensation costs can be shockingly high; vehicle damage insurance safeguards your own car, especially when traveling with kids, as the car often takes a beating, so having coverage brings peace of mind. I believe third-party liability insurance shouldn’t be taken lightly—I recommend coverage of at least 1 million yuan, as personal injury compensation has no upper limit. Additionally, vehicle damage insurance should be adjusted based on the car’s condition: go for full coverage for new cars but scale back appropriately for older ones. Regularly review and update insurance terms to avoid expiration issues. Bundling policies often comes with discounts, offering great value. Safe driving is the priority, but with these insurances in place, the whole family can feel secure.

[NicoleLynn]

Having driven for ten years and experienced many ups and downs, I firmly believe these three types of insurance are essential: compulsory traffic insurance, third-party liability insurance, and vehicle damage insurance. Compulsory traffic insurance is legally required to cover basic accident liabilities; third-party liability insurance is crucial in case of injuring people or damaging property, helping avoid hefty compensations; vehicle damage insurance protects your own car from losses. Among these, third-party liability is especially critical—setting higher coverage in urban areas is safer. Others like theft insurance can be added as needed. The key is to compare company services before purchasing, as claim processing speed significantly impacts experience; long-term lapses in renewal may incur late fees—don’t save small amounts only to lose big. Safe driving remains the foundation.