What Does Comprehensive Insurance for New Cars Include?
2 Answers
For new cars, comprehensive auto insurance typically includes: compulsory traffic insurance, vehicle damage insurance, third-party liability insurance, comprehensive theft insurance, body scratch insurance, passenger liability insurance, standalone glass breakage insurance, and deductible waiver clauses. If the car owner has good financial conditions, they can also purchase additional insurances such as scratch insurance, glass insurance, and spontaneous combustion insurance. There are three main categories of comprehensive auto insurance: 1. Compulsory Traffic Insurance: The full name of compulsory traffic insurance is "Compulsory Motor Vehicle Traffic Accident Liability Insurance," which is a mandatory liability insurance provided by the insurance company to compensate for personal injuries, deaths, and property losses (excluding the vehicle's occupants and the insured) caused by road traffic accidents involving the insured vehicle, within the liability limits. 2. Basic Insurance: Basic insurance includes vehicle damage insurance, commercial third-party liability insurance, comprehensive theft insurance, and passenger liability insurance. Basic insurance can be purchased separately. 3. Additional Insurance: Additional insurance must be selected based on the purchase of basic insurance. Additional insurance includes glass insurance, spontaneous combustion loss insurance, deductible waiver, and other types of insurance.
When buying a new car, getting comprehensive insurance is crucial for full risk coverage, especially as someone with over a decade of driving experience. Compulsory traffic insurance is a must—it's legally required to drive. Vehicle damage insurance is essential for new cars, as repairs for scratches or collisions can be costly, and this coverage reimburses those expenses. Third-party liability insurance is also necessary to reduce financial burdens if an accident injures others. I also recommend add-ons like theft insurance, as new cars are often targets, and glass insurance, which covers damage from flying debris. Waiver of deductible coverage is the cherry on top, eliminating out-of-pocket costs during claims. While comprehensive insurance is pricier, it’s far better than paying out-of-pocket later. Always consult insurers for tailored plans—some models may need extra coverage like flood or spontaneous combustion insurance for full protection.
