What Insurance Policies Should a Vehicle Purchase?

[LondynMarie]

Automobiles need to purchase the following insurance policies: 1. Compulsory Traffic Accident Liability Insurance: This is a mandatory insurance policy that all vehicle owners must purchase. Its only drawback is that the compensation amount is relatively small. 2. Third-Party Liability Insurance: This insurance serves as a supplement to the compulsory insurance. Both provide compensation to third parties, but in the event of an accident, the payout will be determined based on the insured party's degree of responsibility. In many traffic accidents, insurance contracts may include clauses that waive certain deductibles or exemptions for the insurance company. 3. Vehicle Damage Insurance: Vehicle damage insurance covers losses to your own car, but not all damages are covered. For example, standalone damage to glass, exterior rearview mirrors, or tires (including rims) is not covered by the insurance company. Additionally, the insurer does not provide compensation for incidents such as earthquakes, drunk driving, or hit-and-run cases.

[RachelRose]

As a novice driver, I think buying insurance is quite crucial. Compulsory traffic insurance is the foundation, mandated by the state, and you must have it to protect others in case you can't afford compensation after an accident. Third-party liability insurance is also necessary, with a coverage amount preferably over 500,000, so you won't worry even if you hit a luxury car. Vehicle damage insurance protects your own car, especially recommended for new cars since repair costs can be high. I also suggest adding glass insurance—road debris can easily crack it, and claims are straightforward. Theft insurance depends on your situation; if you live in suburban areas with higher risks, get it, but it might not be necessary in the city. Finally, zero deductible insurance is practical, reducing out-of-pocket expenses during claims. Don’t be swayed by sales pitches—compare prices and services from multiple insurers, align with your driving habits, and prioritize safe driving above all.

[McOlivia]

As an ordinary office worker with frequent daily commutes, I can't be careless about insurance. Compulsory traffic insurance is the foundation for legal driving. Third-party liability insurance must be fully covered to protect others in case of accidents. Vehicle damage insurance is crucial, covering repair costs for my own car—I didn't skimp on it when my car was new. Additional insurances like glass insurance are highly practical, as replacing glass can be expensive, so I recommend getting it. Spontaneous combustion insurance depends on the car's age—older cars should consider it. As for theft insurance, if the local security is good, you can skip it to save money. Comprehensive insurance is relatively expensive, so choose partial coverage based on needs and compare online quotes for discounts. Remember to renew on time and report accidents promptly to avoid trouble. Safe driving comes first, but don’t overlook insurance as your backup.

[DelPeyton]

With extensive experience in long-distance driving, I'm well-versed in auto insurance. Compulsory traffic insurance is a must-have threshold. Third-party liability insurance is worth the investment to protect against massive compensation claims. Vehicle damage insurance covers your own car's damages – essential for long trips prone to scratches. Glass breakage and spontaneous combustion insurance address road and vehicle conditions; they're reassuring for gravel-heavy routes or older cars. Other options like theft insurance can be skipped unless in high-risk areas. Don't over-insure – prioritize key coverages to save budget for more miles.