What Does Vehicle and Vessel Tax Include?

[McCalvin]

Vehicle and vessel tax includes the following: Vehicles: Motor vehicles and vessels that are required by law to be registered with the vehicle and vessel administration departments; motor vehicles that are not required by law to be registered with the vehicle and vessel administration departments but operate within the premises of an organization. Vessels: The vehicle and vessel administration departments mentioned above refer to departments such as public security, transportation, agriculture, fisheries, military, and armed police forces that are legally authorized to manage vehicle and vessel registration; an organization refers to administrative agencies, enterprises, institutions, social groups, and other entities established within China in accordance with Chinese laws and administrative regulations.

[LenaAnn]

As a car owner with years of driving experience, I believe that auto insurance mainly consists of two parts: compulsory traffic insurance is mandated by the state, primarily covering the other party's personal injuries and property losses in an accident. The coverage amount is fixed, and driving without it is illegal. Commercial insurance includes vehicle damage insurance, which covers the repair costs for your own vehicle; third-party liability insurance offers higher coverage to compensate for others' losses; there's also theft insurance to protect against vehicle theft or loss; separate glass breakage insurance deals with windshield or window issues; and no-deductible insurance can reduce out-of-pocket expenses after an accident. Vehicle and vessel tax is often included in the premium, which is a tax levied based on the vehicle's engine displacement. I recommend new car owners opt for a comprehensive insurance package, with premiums roughly tied to the car's value and driving record. Regularly comparing quotes from different insurance companies can save a lot of money, especially when adjusting coverage as the car ages. For minor scratches, timely claims are advisable, and the process is quite simple on mobile apps.

[IsaacLee]

When choosing auto and boat insurance, I focus on practical coverage to avoid waste. The most basic is compulsory traffic insurance, which covers compensation for the other party in an accident. The premium is not high but it is mandatory. For commercial insurance, vehicle damage insurance and third-party liability insurance are the most commonly used, solving daily accident repairs for your own vehicle and compensation for others. Theft insurance or glass insurance depends on the vehicle condition and parking environment; low-risk vehicles can skip these. No-deductible insurance is cost-effective, reducing out-of-pocket expenses after an accident. Premiums are affected by age, vehicle model, and region. I once lowered my vehicle and boat tax by switching to a car with a smaller engine. In actual use, remember to take photos and report to the police immediately after an accident, keeping evidence for faster claims. Beginners are recommended to have comprehensive coverage initially and optimize the configuration after a year or two. Checking quotes on mobile phones is quick and transparent.

[DiCorbin]

When I was just starting out with car buying, I understood car insurance simply: it's divided into compulsory traffic insurance, which covers the other party's accident losses; and optional commercial insurance like vehicle damage insurance for repairing your own car, third-party liability insurance for higher compensation to others, theft insurance against car theft, and glass insurance for glass breakage. The vehicle and vessel tax is a type of tax usually included in the premium. The key is to cover financial risks in case of accidents, with affordable premiums paid annually, and quick online purchasing to get started. These basics are enough when you're just starting out.

[LaAbel]

From a cost-saving perspective, I prioritize value for money when choosing auto insurance. Compulsory traffic insurance is cheap but only covers the other party. Vehicle damage insurance and third-party liability insurance are core coverages - worth it for new cars but possibly skippable for older vehicles. Additional coverages like theft insurance have low claim probabilities and can often be skipped in urban areas to save premiums. The no-deductible coverage is worth the small extra cost. Vehicle and vessel tax is a fixed amount calculated per vehicle. Premium discounts rely on accident-free records and annual comparisons - I always use app tools to find the best deals. Avoid redundant coverage types, assess personal driving habits to reduce expenses, and remember that safe driving saves the most money.