What insurance policies are generally required for a new car?

[StKinsley]

New cars require the following insurance policies: 1. Compulsory Traffic Accident Liability Insurance (CTPL), which is mandatory and required for vehicle registration. CTPL covers compensation for others, but the coverage amount is relatively low; 2. Vehicle Damage Insurance, which is also very important. If you accidentally collide with another vehicle, this insurance can cover the repair costs; 3. Third-Party Liability Insurance, another essential auto insurance policy. You can choose different coverage amounts for this, such as 200,000, 300,000, 500,000, or 1,000,000. The coverage amount represents the maximum compensation limit. For example, if you purchase 200,000 in third-party liability insurance, the maximum compensation in the event of an accident is 200,000. If the damages exceed this amount, the car owner must cover the difference. Naturally, higher coverage amounts result in higher premiums; 4. Scratch Insurance, an add-on to Vehicle Damage Insurance, covers malicious acts by others that cause scratches on the insured vehicle. The premium for Scratch Insurance is not high, but due to the high claim rate for vehicle scratches, some insurance companies stipulate that, except for new cars, used cars must have no more than two claims in the previous year. If there is one claim, the compensation amount cannot exceed 30% of the premium, and the insured vehicle must be no older than five years; 5. Passenger Liability Insurance, which compensates for injuries or fatalities to drivers and passengers in the event of an accident.

[OZachary]

As a new car owner with no prior experience, I've learned a lot recently. Compulsory traffic insurance is a legal requirement—without it, you'll face fines and won't be allowed on the road. Comprehensive insurance is essential for new cars given their high value; repairs from scratches can be costly and heartbreaking. I opted for third-party liability coverage of 1 million yuan, crucial in today's complex road conditions to protect both others and myself. Adding no-deductible coverage ensures full compensation, a small cost that proves invaluable in critical moments. For new cars, theft and glass insurance are also recommended—thieves target new vehicles, and highway debris easily cracks windshields, so extra protection helps. While total premiums may seem high, the peace of mind is worth it; don't cut corners only to regret it later. Overall, insurance is a small investment with big returns. Shopping around with multiple insurers can save you money.

[Phoebe]

Having driven for over 20 years, I recommend getting comprehensive insurance for new cars right away. Compulsory traffic insurance is mandatory by law—no way around it. Collision insurance is a must for new cars—repairs are covered by the insurer, and you know how expensive fixing scratches on a new car can be—paying out of pocket isn’t worth it. Third-party liability coverage should be high, as hitting someone nowadays carries huge financial risks—aim for at least 1 million in coverage to stay safe. Waiver of deductible is essential—small accidents get fully covered without hassle. Glass insurance is practical, especially on highways where flying stones pose a high risk—worth it for new or premium cars. Theft insurance depends on parking safety—worth considering if your neighborhood is sketchy. Always compare premiums across companies—as a long-term customer, I often get discounts. For the first two years, go for full coverage, then adjust based on the car’s condition to save money. Don’t skimp on insurance—you’ll realize its value when an accident happens.

[DeElijah]

With a baby and elderly at home, safety is my top priority for the new car insurance. Compulsory traffic insurance is a must as it's state-mandated for basic coverage. I opt for high-coverage third-party liability insurance of 2 million to protect both family and others - being able to afford compensation in life-or-death situations is crucial. Vehicle damage insurance isn't skimped on as it speeds up new car repairs, saving money and time while reducing family stress. Deductible waiver is essential - minor incidents are fully covered by insurers to avoid extra costs. Glass insurance is also purchased since I worry about accidents with kids in the car - broken glass repairs are expensive. Theft insurance is temporarily skipped as the car is parked in a secure compound. Though the overall premium is high, the peace of mind for family trips makes it worthwhile. Multiple consultations with reputable companies are recommended to choose reliable solutions.

[AlexisLynn]

For new car insurance, I prioritize cost-effectiveness and opt for core coverage that meets basic needs. Compulsory traffic insurance is a must as it's the legal foundation. Vehicle damage insurance is worthwhile for new cars due to their high depreciation period – repair costs are covered by insurers to prevent major losses. Third-party liability coverage of around 500,000 is sufficient for urban driving, balancing cost and risk without unnecessary high coverage. Waiver of deductible is essential as it saves money and hassle when claiming. Glass insurance depends on driving routes – opt for it if frequently on highways, otherwise skip for city driving. Theft insurance can be temporarily skipped for new cars parked in secure locations. Compare premiums across insurers as many offer promotions. Don't skimp on key coverage items in the first year – maintaining a clean claim record brings renewal discounts later.

[DiPreston]

I researched and found that new car insurance is divided into several parts you should know about. Compulsory traffic insurance is mandatory, providing basic third-party coverage that must be purchased. Vehicle damage insurance covers your own car's damages, including collisions, scratches, etc., with fast repair claims. Third-party liability insurance covers others' losses, with the amount depending on urban traffic conditions—choose a medium level for new cars. No-deductible insurance ensures full compensation from the insurer without reduction, saving hassle. Glass insurance is practical for new cars, especially on highways where breakage is common—consider adding it. Theft insurance depends on parking risks; new and high-value cars should get it. Spontaneous combustion insurance is based on vehicle performance—usually not needed for new cars. Ask about premiums and choose a reasonable combination for worry-free driving. Proper maintenance reduces future risks.