What Insurance Do You Need to Buy for a New Car?
2 Answers
For a new car, you need to purchase compulsory traffic insurance and vehicle damage insurance. Below is a detailed introduction to car insurance: 1. Compulsory Traffic Insurance: This is a legally required insurance that every car owner must purchase. It provides the most basic insurance coverage in the event of a traffic accident. If an accident occurs, compulsory traffic insurance can help the owner cover economic compensation that would otherwise be difficult to pay. The compensation amount is determined based on the owner's liability proportion in the accident and whether it resulted in personal injury or death. 2. Vehicle Damage Insurance: This insurance covers damage to the insured vehicle caused by an accident while being driven by the insured or an authorized driver. The insurance company will provide reasonable compensation. The premium for vehicle damage insurance is closely related to the purchase price of the car and the number of seats. 3. Third-Party Liability Insurance: This insurance covers compensation for personal injury or direct property damage to a third party (other than the driver and passengers of the insured vehicle) caused by an accident. The insurance company will compensate according to regulations. 4. Comprehensive Theft Insurance: This insurance provides compensation for losses caused by the theft or robbery of the entire vehicle. After a theft or robbery incident, if the public security authorities file a case and fail to locate the vehicle within 60 days, the owner must provide documents such as the vehicle registration certificate, driving license, and purchase invoice to prove the vehicle's origin and legality to receive the claim payment.
I just bought a new car and I'm super excited, but I need to calm down and think about insurance. First, I must purchase compulsory traffic insurance, which is mandatory by the state and covers damages to others. Without it, I can't drive on the road. Then, vehicle damage insurance is crucial. I spent so much on the new car, and if I accidentally scrape it against a wall or have a minor accident, it can cover the repair costs. I recommend getting third-party liability insurance with a higher coverage, like over 1 million, because there are many luxury cars in the city, and I can't afford to pay for damages if I hit one. If the parking environment is unsafe, like in an old neighborhood, adding theft insurance is a good idea. In short, don't skimp on these small expenses—safety is the most important thing. Protecting the new car well ensures peace of mind and a longer driving experience.
