What insurance is normally required when buying a car?

[SanCamila]

When buying a car, you normally need to purchase the following types of insurance: 1. Compulsory Traffic Insurance: This is a mandatory insurance required by the state, and you cannot legally drive without it. 2. Third-party Liability Insurance: This insurance covers the economic compensation the car owner must pay to a third party for personal injury or property damage caused by a car accident. 3. Vehicle Damage Insurance: This covers the part that exceeds the limit of the compulsory insurance. It is essential to purchase this insurance and not to set the coverage too low. Generally, it is recommended to have a coverage of at least 300,000 yuan. This insurance is used to cover the loss of your own vehicle. 4. No-deductible Insurance: This special insurance covers the deductible part in auto insurance. Auto insurance clauses usually set a 20% deductible rate. If your vehicle is totaled in an accident and cannot be repaired, purchasing no-deductible insurance ensures that the insurance company will fully compensate for the vehicle loss.

[DelAubrey]

When I first bought my car, I was overwhelmed by insurance options, but in reality, only a few types are essential. The compulsory traffic insurance mandated by the state is a must—without it, you can't drive legally, and it covers minor accidents. Third-party liability insurance is absolutely non-negotiable; I opted for 3 million coverage, given how many luxury cars are on the road these days—a rear-end collision could be disastrous. Comprehensive car insurance is also recommended, as it covers your own vehicle's damages, and adding a no-deductible clause makes it even more cost-effective. Passenger liability insurance depends on your needs; if you frequently carry passengers, consider seat insurance. Theft insurance is rarely needed nowadays, while glass insurance might be worth considering for new cars. Premiums vary based on the car's value and your claims history. For first-time buyers, it's best to consult experienced drivers rather than trusting sales pitches blindly.

[IanRose]

As an experienced car owner, there are three key points to focus on when purchasing insurance. Compulsory traffic insurance is a basic requirement, a fixed annual expense that's mandatory for passing the annual vehicle inspection. Secondly, third-party liability insurance is essential—with luxury cars everywhere on the roads now, a minimum coverage of 2 million yuan provides peace of mind. I've seen cases where repair costs reached 300,000 to 400,000 yuan. Vehicle damage insurance is also practical, covering situations like scratches and natural disasters. Additional riders can be purchased as needed—for example, waterlogging insurance in rainy southern regions or spontaneous combustion insurance for older vehicles. Premiums are higher in the first year, but don't skimp on coverage to save money; a single major incident could cost far more. Following traffic rules and minimizing claims can significantly reduce next year's premiums.

[LaAnthony]

When buying a car for my family, I selected the following insurance options: Compulsory Traffic Insurance is mandatory by law and serves as basic coverage. Third-party liability insurance is a must, and I chose a coverage of 5 million to handle exorbitant compensation claims. For vehicle damage insurance, I opted for comprehensive coverage, including scratches and water damage. Seat insurance covers all five seats, ensuring peace of mind when family members are in the car. The non-deductible add-on is crucial as it makes claims more comprehensive. The medical expenses beyond medical insurance coverage is highly practical, costing only a few dozen dollars annually, and I highly recommend adding it. While small insurance companies may be cheaper, their service is slower. I insisted on choosing a well-known brand for faster and more reliable claims response.

[BennettFitz]

Young people can easily waste money on car insurance, but the core is to remember just four essentials: Start with the mandatory compulsory traffic insurance; choose third-party liability insurance with coverage over 2 million to cover personal injury compensation; vehicle damage insurance to cover your own repair costs; and add the magic of no-deductible coverage. Scratch insurance can be considered for new cars, while glass insurance depends on the car model. Seat insurance should be purchased based on the usual number of passengers. I've seen cases where comparing prices on apps saved over a thousand dollars, and renewal offers with discounts come three months in advance—remember to plan ahead. Now, there are even exclusive insurance options for new energy vehicles, covering risks like battery fires.

[VonSpencer]

When purchasing car insurance, focus on protecting three key aspects: Third-party liability insurance covers compensation for others, with a minimum of 1 million recommended, and 3 million for greater security; own vehicle protection relies on vehicle damage insurance, covering scratches and water damage; to safeguard passengers, purchase seat insurance, which is insured per seat. Compulsory traffic insurance is a mandatory national requirement. Among the additional insurances, the most practical is the no-deductible clause, while others should be chosen based on city characteristics. In the north, I skipped waterlogging insurance but made sure to get ice and snow insurance. Premiums are linked to the car's price and age, with higher costs for new cars' first insurance, but safety should never be compromised. Always review the policy's exclusion clauses carefully, as situations like drunk driving or hit-and-run are not covered.