What insurance do I need to buy for a new car?
3 Answers
New cars require the following types of insurance: 1. Compulsory Traffic Insurance (CTI): This is mandatory for all new cars. It provides timely and basic coverage for personal injuries and property damage caused in traffic accidents. Only after purchasing this insurance can the vehicle legally operate on the road and pass inspection. 2. Three Commercial Insurances: Vehicle Damage Insurance, Third-Party Liability Insurance, and Passenger Liability Insurance. These three insurances provide the most basic protection for the car. In the event of an accidental traffic incident, the insurance company will cover the majority of the compensation. 3. No-Deductible Insurance: In the event of an accident, having this insurance minimizes the financial losses borne by the policyholder. 4. Non-Mandatory Insurances: Comprehensive Theft Insurance, Glass Breakage Insurance, and Body Scratch Damage Insurance.
When I first got my new car, I was also quite confused about what insurance to buy. It wasn’t until I drove more that I understood there are several must-have coverages. Compulsory traffic insurance is mandatory by the state—you can’t drive without it, and it mainly covers the other party’s losses. Vehicle damage insurance is also worth considering; if your new car gets scratched or damaged by hail, it can reimburse repair costs. Third-party liability insurance is especially important—with so many luxury cars on the road these days, you really can’t afford to rear-end a Rolls-Royce without high coverage, so I recommend starting with at least 1 million. Many people overlook passenger liability insurance, but it provides coverage if you or your passengers get injured in an accident. Glass insurance is also practical—a stone hitting your windshield on the highway could cost thousands to replace. Oh, and remember to ask about the insurer’s value-added services, like free towing or jump-starts, which can be a lifesaver in emergencies.
I've learned some lessons the hard way when it comes to new car insurance. Compulsory traffic insurance is a must-have baseline, but don't stop there - it's risky when e-bikes suddenly dart out and collide. Third-party liability coverage should start at 1 million yuan, considering both the value of human life and the prevalence of luxury cars today. Comprehensive insurance is advisable, especially for novice drivers who are more prone to scratches. Paint protection coverage is worth considering for the first two years of a new car - a single panel repaint at a 4S shop costs several hundred yuan. Water damage insurance depends on your region; it's recommended for rainy southern areas. I prefer buying directly from insurer websites - it's cheaper and more transparent than through agents, with e-policies sent straight to your phone. Always compare quotes before renewing - loyalty discounts can vary by hundreds of yuan between providers.
