What Insurance Do You Need to Buy When Purchasing a Car?
4 Answers
Generally, you need to purchase the following types of car insurance: 1. Compulsory Traffic Insurance: Insurance that is mandatory by the state. 2. Vehicle Damage Insurance: After a traffic accident occurs, the insurance company will compensate within a reasonable range. 3. Third-Party Liability Insurance: In the event of a traffic accident involving a motor vehicle that causes personal injury, death, or direct property damage to a third party, the insurance company will bear the economic compensation liability within the legally stipulated scope. 4. No-Deductible Insurance: No-Deductible Insurance is an additional coverage to Vehicle Damage or Third-Party Liability Insurance. By purchasing this insurance, the car owner can be exempted from the responsibility of bearing the costs themselves due to a traffic accident and can receive 100% compensation.
Every time I buy insurance for a new car, I prefer to go for comprehensive coverage. Compulsory traffic insurance is a must—without it, you can't even pass a traffic police check. As for commercial insurance, third-party liability insurance is essential—it covers damages to others. I recommend opting for a high coverage amount, like at least 1 million yuan, in case you accidentally hit a luxury car or injure someone. Vehicle damage insurance is particularly crucial, especially for new cars, as it covers natural disasters like storms and heavy rain. The "no deductible" add-on is also worth it—paying a little extra means you don’t have to calculate liability ratios during claims, which saves hassle. For additional coverage, like glass or spontaneous combustion insurance, it depends on your usage habits. Since I often park my car under trees in my neighborhood and branches keep falling on it, adding glass insurance has been a smart move. Don’t be fooled by promotions into choosing the cheapest option—solid basic coverage costs only around 200 yuan a year, which breaks down to just a small monthly expense, but it can save you big money in case of an accident.
Be practical and economical when choosing car insurance. Compulsory traffic insurance is a must, with low statutory costs but indispensable. For commercial insurance, I prioritize third-party liability coverage, where a 500,000 yuan limit offers the best value, providing affordable compensation for third-party losses. Comprehensive coverage depends on the car's age: highly recommended for new cars, but can be skipped for older cars that depreciate quickly. The no-deductible coverage is cost-effective for a small fee. Only select necessary additional coverage, such as theft insurance for cars with weak anti-theft systems, but it can be waived if parking in the city is generally safe. Comparing prices is an art—I use online platforms to compare different companies, hunt for discounts, and consult customer service to save on premiums. Remember, insurance isn't an expense but an investment; cover core risks and review your policy annually for updates.
From a safety perspective, I place great importance on the protective role of car insurance. Compulsory traffic insurance provides basic legal coverage for accident liabilities. Among commercial insurances, third-party liability insurance protects against major losses to others—don't be too conservative with the coverage amount. Vehicle damage insurance directly safeguards your beloved car from high repair costs. Passenger liability insurance is worth adding to ensure the safety of family and friends riding in your vehicle. The no-deductible insurance ensures complete claim coverage. For new cars, consider comprehensive insurance including minor scratch coverage to avoid financial distress from accidents. Don't just focus on saving monthly premiums—the peace of mind during an accident matters most.
