What Does Full Coverage for a New Car Include?

[Isabella]

Vehicle full coverage generally includes compulsory traffic insurance and four main commercial insurances, namely third-party liability insurance, vehicle damage insurance, passenger liability insurance, and theft insurance. If the car owner has good financial conditions, they can also purchase some additional insurances, such as scratch insurance, glass insurance, and spontaneous combustion insurance. Compulsory Traffic Insurance: It compensates for personal injury, death, and property damage caused by the insured vehicle in a road traffic accident to the victim (excluding the vehicle occupants and the insured) within the liability limits. Vehicle Damage Insurance: It is responsible for compensating for vehicle damage and necessary, reasonable rescue expenses caused by natural disasters and accidents during the use of the vehicle. Third-Party Liability Insurance: It is responsible for compensating for direct personal injury, death, or property damage suffered by a third party due to an accident during the use of the vehicle. It compensates for the amount that exceeds the sub-limits of compulsory traffic insurance that the insured is legally obligated to pay.

[CarsonMarie]

When I first got my car, I also researched comprehensive insurance. Simply put, it's compulsory traffic insurance plus major commercial insurance. Compulsory insurance is mandatory and mainly covers others. The most important part of commercial insurance is vehicle damage insurance, which covers repair costs, and now it even includes theft, fire, and other risks. Third-party liability insurance is recommended to be over 2 million, as there are many luxury cars on the road, and you might not afford the compensation in case of an accident. There's also passenger liability insurance to protect yourself and your passengers. Scratch insurance is quite useful for new cars, but it needs to be added separately. Glass insurance is also practical, as it's common for small stones to hit the windshield on highways. Combining these basically covers everything, but the specifics depend on the insurance company's packages. For new drivers in their first year, it's advisable to get more coverage, as scratches on a new car can be heartbreaking.

[StBriella]

The full coverage insurance for a new car typically includes compulsory traffic insurance and four major commercial insurance policies. Compulsory traffic insurance is legally required and covers the other party's losses. The most essential part of commercial insurance is vehicle damage insurance, which covers your own car's repair costs, and after the auto insurance reform, it now includes glass insurance and water damage insurance. Third-party liability insurance must have sufficient coverage, with a recommended minimum of 2 million, and 3 million is more secure in first-tier cities. Passenger liability insurance protects the driver and passengers, providing coverage in case of an accident. Some people also add scratch insurance, as parking in residential areas can easily lead to scratches from electric bikes. When buying insurance, I make it a habit to compare the exemption clauses, as the small details can vary significantly between companies.

[VonAdriana]

The full coverage insurance for a new car mainly consists of two parts: compulsory traffic insurance and commercial insurance. The compulsory traffic insurance compensates for the other party's personal injury, death, and property damage. For commercial insurance, it is recommended to purchase vehicle damage insurance to repair your own car, third-party liability insurance to compensate for others' losses, and passenger liability insurance to ensure the safety of passengers. Since the auto insurance reform, vehicle damage insurance includes many additional coverages, so there's no need to buy them separately. Pay attention to the sufficient coverage of third-party liability insurance, starting from at least 1.5 million. Some people may add new equipment insurance, such as original factory navigation and other configurations. Insurance sales always recommend driving and passenger insurance, but personally, I think it overlaps a bit with passenger liability insurance. Remember to check the exemption clauses, such as drunk driving, which is definitely not covered.