What car insurance should you generally buy?
2 Answers
The following are the types of car insurance that are generally purchased: 1. No-deductible special insurance: This type of car insurance usually has a clause stating that there is an absolute deductible rate. For example, if an accident occurs and the car owner is fully responsible, the highest deductible rate is generally 20%. If the repair cost is 20,000, the insurance company will pay 16,000, and the car owner bears 4,000. If this insurance is purchased, the car owner does not need to bear the remaining 4,000. 2. Vehicle damage insurance: Vehicle damage insurance is used to compensate for one's own losses. If your car is involved in an accident, these losses can be compensated by the insurance company through vehicle damage insurance. If the car owner purchases this insurance, they do not need to bear the cost of repairs, making it a very important insurance for the vehicle itself. Additionally, vehicle damage insurance includes accidental traffic accidents. 3. Third-party liability insurance: In the event of a traffic accident, if you are primarily at fault, third-party liability insurance can be very useful. 4. Compulsory traffic insurance: According to China's traffic regulations, cars are required to pay an annual fee, which is the compulsory traffic insurance. If you do not have compulsory traffic insurance, you will be fined and penalized if caught driving without it. Moreover, after purchasing compulsory traffic insurance, you will receive an insurance sticker that must be placed on the front windshield of the car. If it is not placed, you will also be fined and penalized.
Having driven for over twenty years, I've compiled some practical car insurance purchasing advice. Compulsory traffic insurance is the basic coverage mandated by the state, with fixed compensation amounts, covering third-party bodily injuries. For commercial insurance, I highly recommend third-party liability coverage with at least 500,000 yuan in coverage—it's useful if you accidentally hit someone else's car or property, especially in cities with many luxury cars, to avoid being unable to afford the compensation. Vehicle damage insurance is worth getting if possible, covering your own car's repair costs, so you don't have to worry about minor scratches. The no-deductible coverage isn't expensive either—adding it means you won't pay the deductible when filing a claim. Theft insurance is worth considering in areas with poor security, such as unsafe parking lots. Based on personal experience, don't skimp on essential coverage to save money—safety comes first. Optional add-ons like glass insurance should be decided based on your actual driving environment.
