What car insurance is normally purchased?

[LincolnAnn]

When buying a car, you normally need to purchase the following types of insurance: 1. Compulsory traffic insurance: This is a mandatory insurance required by national regulations, and you cannot legally drive without it. 2. Third-party liability insurance: This insurance covers economic compensation to a third party for personal injury or property damage caused by a car accident. 3. Vehicle damage insurance: This covers losses exceeding the limit of compulsory traffic insurance. It is essential to purchase this insurance with adequate coverage, generally recommended to be at least 300,000 yuan. Vehicle damage insurance is used to cover the loss of your own vehicle. 4. No-deductible insurance: This special insurance covers the deductible portion in car insurance policies. Car insurance clauses typically set a 20% deductible rate. If your vehicle is totaled in an accident and cannot be repaired, purchasing no-deductible insurance ensures the insurer fully compensates for the vehicle loss.

[DelKatherine]

As a seasoned driver with ten years of experience, I've learned my lessons when it comes to buying car insurance. Compulsory traffic insurance is a must-have; otherwise, driving without it is illegal, and you won't be able to afford compensation if you hit someone. Among commercial insurance options, third-party liability insurance is particularly crucial. With so many luxury cars on the road now, it's advisable to start with a coverage of at least 2 million. Whether to buy vehicle damage insurance depends on the car's condition—it's worth it for new cars but can be skipped for older ones. Additional insurances like scratch and glass coverage are less useful; minor scratches are cheaper to fix yourself. Don't forget to add the no-deductible clause, or the insurance company will deduct money. Finally, check your city's policies—for example, Beijing mandates water damage insurance. Premiums fluctuate annually; safe driving can earn you discounts, while frequent claims can lead to painful premium hikes.

[Joann]

When I first bought a car, I was totally confused about insurance, but now I've got it figured out. Compulsory traffic insurance is mandatory by the state and covers medical expenses if you hit someone. For commercial insurance, third-party liability coverage is a must, with at least 1 million in coverage—nowadays, even hitting an e-bike can cost tens of thousands. Comprehensive insurance is essential for new cars, covering scratches and rear-end collisions; for cars over five years old, it's not really worth it. Seat insurance is practical, covering medical expenses when traveling with family. Theft insurance depends on the area—it's hardly useful in cities with plenty of surveillance cameras. Scratch insurance is a pure waste of money; it's better to save up minor damages and claim under comprehensive insurance. Remember to compare quotes—the same coverage can vary by 700-800 yuan between different companies.

[OLogan]

Here's what I always say when helping friends with insurance: Compulsory traffic insurance is a must, without it you can't pass the annual inspection. For commercial insurance, focus on third-party liability coverage - 500,000 coverage is no longer enough, start with at least 1 million. New car owners should get collision insurance, but after five years just getting compulsory + third-party saves more money. Frequent highway drivers should add passenger insurance, which covers more than basic medical insurance. Glass coverage isn't worth it - replacing a windshield only costs about a thousand. Nowadays renewal quotes are available 45 days in advance, comparing prices can save a lot. Occasional drivers might consider pay-per-day driving insurance for more flexibility.

[KeiraRose]

Lessons learned from last year's rear-end collision: Compulsory insurance covers others' medical expenses but with low limits. Third-party liability insurance is the key, with a recommended coverage of 1.5 million to handle urban accidents. Vehicle damage insurance is a must for hassle-free repairs to your own car, but note that tire damage alone isn't covered. Adding no-deductible coverage is crucial, or you'll pay 20% out of pocket during claims. Scratch insurance isn't worth it—save minor scratches for a year-end claim under vehicle damage. Water damage insurance is essential in southern regions, as storm-flooded engines can cost six figures to repair. Don't just focus on premium costs; pay attention to free services like towing and chauffeur.

[DeEliza]

Don't be fooled into buying full coverage for car insurance. Here's the optimal setup for regular family cars: Compulsory Traffic Insurance (mandatory), Third-party Liability Insurance of 2 million (to avoid bankruptcy from compensation), Vehicle Damage Insurance (for repairing your own car), and Passenger Liability Insurance (to protect passengers). For additional insurance, only consider Medical Expenses Beyond Medical Insurance Liability Insurance, which costs just tens of yuan but covers self-paid medications. New cars should add Scratch Insurance, which can be discontinued after two years. For cars over ten years old at renewal, it's advisable to stop buying Vehicle Damage Insurance as the premium may exceed repair costs. Filing more than three claims can increase premiums by 30%, so settling minor accidents privately is more cost-effective. Always compare premium prices, but more importantly, ensure the service hotline is reliable.