What insurance is necessary for a new car?

[OEsther]

New cars must have compulsory traffic insurance in the first year, and commercial insurance can be selected based on actual circumstances. The details are as follows: Compulsory Traffic Insurance: Compulsory traffic insurance is a mandatory liability insurance where the insurance company compensates for personal injury, death, or property damage caused to victims (excluding the vehicle's occupants and the insured) in road traffic accidents involving the insured motor vehicle, within the liability limits. Commercial Auto Insurance: Commercial motor vehicle insurance is voluntarily purchased by the vehicle owner from commercial insurance companies, in addition to the mandatory traffic insurance required by the state. Commercial auto insurance generally includes vehicle damage insurance, third-party liability insurance, theft insurance, and passenger liability insurance.

[Elise]

I always remind new car owners that the first thing to buy for a new car is compulsory traffic insurance, which is mandatory by the state. Even if you don't drive it on the road, you must have it, otherwise, you may face fines or even have your car impounded if caught. Then, third-party liability insurance is highly recommended with a coverage of at least 1 million. In case you hit someone or a luxury car, you might not be able to afford the compensation and could end up bankrupt. Car damage insurance is also essential as new cars are prone to bumps and scratches, and repairs can be expensive, but insurance can cover it. When buying, don't just look at the price; study the policy's deductible. Some companies offer additional services like towing, which can be very practical. New drivers often take short trips after buying a car, so purchasing a comprehensive package insurance is cost-effective and much better than regretting after an accident.

[GeorgeFitz]

When I first bought my new car, I immediately took care of the compulsory traffic insurance—it's mandatory by law and can't be skipped. For other insurances like third-party liability, I chose a coverage of around 2 million yuan, costing just a few thousand a year, which is extremely cost-effective. Comprehensive coverage depends on the car's value—luxury cars definitely need it to protect your investment. Adding extras like water damage or glass coverage is wise, especially in cities with heavy rainy seasons, to prevent future troubles. Remember to compare quotes from several companies—you can do it online to save time and money. Renew your insurance on time every year to avoid any disruptions in using your car. Insurance is a necessary expense, but not a wasteful one—spend a little for peace of mind.

[Emilia]

Compulsory traffic insurance is mandatory by law for new cars. I recommend adding third-party liability insurance with at least 500,000 coverage to handle emergency situations in case of injury accidents. Vehicle damage insurance is also crucial, as new cars are more prone to damage in the first year - though premiums are higher, it's worth it. Don't just choose the minimum coverage to save money, as insufficient coverage can cause trouble when you need to make up the difference later. It's advisable to include a no-deductible insurance rider for smoother claims. Review your insurance annually, and don't skip checks during the new car warranty period - safety comes first, don't skimp on this expense.

[Darlene]

Compulsory traffic insurance is a must before driving a new car, as driving without insurance carries high risks. I prefer purchasing a package that includes third-party liability insurance and vehicle damage insurance, which makes dealing with minor scratches on the road hassle-free. For urban driving, adding theft insurance or natural disaster insurance is advisable, especially since new cars are highly attractive. Ensure the premium doesn’t exceed your budget and opt for reputable companies for reliable service. Pay attention to the claims process—handling simple matters yourself can speed things up. After driving a new car for a few years, insurance can help maintain its value, so don’t overlook the renewal date.

[AylaRose]

I recommend new car owners prioritize purchasing compulsory traffic insurance first, as you can't start the vehicle without it. Choose third-party liability coverage of 1 million yuan or more to handle accident compensation effortlessly. Collision insurance is valuable for new cars, ensuring quick repairs for minor bumps. If your budget allows, add passenger seat insurance to protect riders' safety. Compare packages from different companies to select comprehensive coverage and avoid future disputes. Insurance isn't a burden but an essential safety net - especially beginners shouldn't skimp on this expense.