What does commercial auto insurance include?

[DiCameron]

Commercial auto insurance consists of three main coverages and eleven additional coverages. The main coverages are vehicle damage insurance, third-party liability insurance, and passenger liability insurance. Among the eleven additional coverages, there are five newly added ones: standalone wheel loss insurance, medical expenses outside of medical insurance coverage liability insurance, special provisions for motor vehicle value-added services, special provisions for absolute deductible rates, and special provisions excluding engine water damage. Here are a few popular types of coverage: Vehicle Damage Insurance: Different vehicle models have different prices, and the vehicle price is the main factor affecting vehicle damage insurance. For example, for a car worth around 100,000 yuan, the premium is generally around 1,000 yuan. Third-Party Liability Insurance: Different coverage amounts have different prices, and car owners can choose the appropriate amount to insure based on their needs. Although the premiums from major insurance companies are the same, the discounts offered vary, so car owners should choose the best option. Passenger Liability Insurance: Generally, the coverage amount per seat ranges from 10,000 to 50,000 yuan. For the driver's seat, the premium is about 40 yuan per 10,000 yuan of coverage; for the passenger seats, the premium is about 27 yuan per 10,000 yuan of coverage.

[DelKyle]

Last time I bought car insurance, I learned that commercial insurance is quite complex, mainly including vehicle damage insurance (covering repairs for your own car's damages), third-party liability insurance (compensating for losses to others, such as collisions with other vehicles), and passenger liability insurance (protecting the safety of the driver and passengers). There are also many types of additional insurance, such as theft insurance (preventing car theft), glass breakage insurance (covering broken car windows), spontaneous combustion loss insurance (for older cars prone to self-ignition), and no-deductible insurance (paying less during claims). When buying car insurance, consider the car's condition and usage environment. For new cars, it's best to get comprehensive coverage, while for older cars, choose only the necessary ones, as premiums fluctuate—don't be too greedy for cheap deals. It's advisable to compare several insurance companies and clarify the terms to avoid missing out on any coverage and regretting it later.

[BriellaDella]

I just bought a car and spent a long time discussing the details of commercial insurance with the insurer. The core coverages are: Collision Coverage for your own car's repair costs, Third-Party Liability Coverage to handle compensation for third parties such as medical or property damage, and Passenger Liability Coverage for safety inside the vehicle. Additional options include Theft Coverage if you park in unsafe areas, Glass Coverage for minor daily accidents like breakage, Water Wading Coverage which is essential in rainy regions, and Spontaneous Combustion Coverage mainly for older cars. When choosing insurance, don't be fooled by sales tactics—consider your driving frequency and road conditions. For example, if you frequently drive on highways, opt for more safety-related coverages. Premiums will vary based on your selected coverage combination, so balance practicality with your budget to avoid overspending.

[DiMaddox]

With years of driving experience, I'm extremely familiar with commercial auto insurance. The key coverages are straightforward: Collision coverage repairs your own car, Liability coverage compensates others' losses, and Passenger liability protects your riders. Additional options like Theft coverage (against vehicle theft), Glass coverage (for standalone window damage), and Spontaneous combustion coverage (for self-ignition risks) should be selected based on your vehicle's age and local climate. When purchasing insurance, avoid overbuying—assess actual needs. For instance, urban drivers with secure parking can save money. Insurance is a safety net; neglecting small coverages to save costs might lead to major troubles.