What Insurance Do You Need to Buy When Purchasing a Car?
2 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.
