What Insurance Do You Need to Buy for a Car?
4 Answers
Mandatory car insurance is compulsory traffic insurance. Below is a relevant introduction about car insurance: 1. Compulsory Traffic Insurance: A mandatory car insurance required by the state, which provides coverage for the other party's property and personal safety. 2. No-Deductible Special Coverage: The most important aspect of this car insurance lies in the absolute deductible rate. 3. Vehicle Damage Insurance: Vehicle damage insurance primarily covers the car. If the car is involved in an accident or suffers damage due to natural disasters, these losses can be compensated by the insurance company through vehicle damage insurance. 4. Third-Party Liability Insurance: This mainly covers the personal injury, death, and property loss of a third party in a traffic accident. To supplement the coverage limit of compulsory traffic insurance, a comprehensive third-party liability insurance is needed.
When it comes to car insurance, I think we should start with the basic coverage. As a new driver who just got my license last year, my friends advised me to get compulsory traffic insurance (CTI) after buying a car. It's mandatory by the state—without it, you could face fines or even be unable to drive. It mainly covers liability compensation for minor accidents. Third-party liability insurance is absolutely crucial, especially in crowded cities with lots of vehicles and pedestrians. If you hit someone else's car or injure a person, the insurance can cover medical expenses and repair costs. I'd recommend a coverage amount starting at 500,000 yuan—higher coverage means greater peace of mind. You should also get vehicle damage insurance; if your car gets damaged in a crash or due to natural disasters, the insurer will cover repairs, saving you out-of-pocket expenses. Additional options like no-deductible coverage waive your portion of repair costs each time, saving money and hassle. Theft insurance is optional but worth considering for new cars or areas with high crime rates. Overall, don’t skimp on coverage—compare quotes from multiple insurers to balance cost and benefits.
As a young professional who hasn't been working for long, I prioritize affordability and practicality when buying car insurance. Compulsory traffic insurance is a must - it's mandatory by law, inexpensive but essential to carry while driving. Third-party liability insurance should definitely be purchased with medium coverage, opting for the 300,000 to 500,000 yuan range, which reduces financial pressure when compensating others in case of accidents. For vehicle damage insurance, it depends on the car's condition - I didn't get it for my used car to save money, but it's worth considering for new cars. Other coverage types like theft insurance or spontaneous combustion insurance should be chosen based on good value; sometimes it's worth adding them during promotions. I also added passenger liability insurance - the premium is low, and it covers medical expenses if friends in the car get injured. Remember not to opt for excessively high coverage or unnecessary add-ons, keep premiums reasonable, and regularly review your coverage to avoid waste. Money-saving tips: compare quotes online, take advantage of renewal discounts, and pay attention to deductible clause details.
Having driven for over a decade, my experience is that insurance coverage must be comprehensive to prepare for any eventuality. There are three core elements: compulsory traffic insurance is legally mandated—don't hit the road without it; third-party liability insurance should have at least 1 million in coverage to handle high urban accident compensations; and vehicle damage insurance is essential for repairing your own car. I recommend adding no-deductible coverage to reduce out-of-pocket costs, and theft insurance is a must for new cars. Scratch insurance is also great for maintaining appearance, while passenger liability insurance ensures safety. Don't skimp on premiums—accidents happen frequently. For example, after a rear-end collision I experienced, insurance covered all repair costs, saving hassle and worry. Focus on insurer service ratings to choose reliable providers—don't just look at low prices and neglect claims efficiency. Regularly review policy updates to ensure coverage gaps don't compromise safety. After combining all coverages, keep premiums within a reasonable range.
