What insurance policies should be purchased for a car?
4 Answers
When purchasing insurance for a car, priority should be given to obtaining sufficient third-party liability insurance. After securing adequate coverage for passengers on the vehicle, consider purchasing vehicle damage insurance. Following the acquisition of vehicle damage insurance, other types of coverage can be added, such as third-party insurance, driver and passenger seat liability insurance, deductible waiver for vehicle damage insurance, etc. Additionally, based on individual needs, one may opt for theft insurance, glass coverage, spontaneous combustion insurance, scratch insurance, and other types of policies. Below is more information about auto insurance: 1. Introduction: Motor vehicle insurance is a type of property insurance, also known as car insurance. It covers the vehicle itself and the third-party liability of the motor vehicle, serving as a form of transport tool insurance. 2. Classification: Motor vehicle insurance generally includes compulsory traffic insurance and commercial insurance. Commercial insurance consists of basic insurance and additional insurance. Basic insurance is divided into vehicle loss insurance, third-party liability insurance, comprehensive theft insurance (theft insurance), and onboard personnel liability insurance (driver liability insurance and passenger liability insurance).
When I bought my first car, I also thought about insurance. The key is to consider both legal requirements and practical protection. Compulsory traffic insurance is a must—it covers third-party injuries or deaths in accidents, serving as basic coverage. Then there's commercial insurance: I highly recommend third-party liability insurance with a higher coverage limit, so you won’t drain your savings if you hit someone or damage something valuable. Also, get vehicle damage insurance to cover repair costs for your own car, especially if it’s new. Adding theft insurance is practical too, particularly if you live in the city or park in unsafe areas—it saves you from future worries. Don’t just buy the bare minimum to save a little money. A colleague of mine once only had basic insurance and ended up having to pay hundreds of thousands after an accident, leaving him financially strained. Premiums vary based on the car’s age, brand, and your personal record, so compare multiple insurers and pick a reliable one with fast claims and good service for peace of mind. Regularly review your policy to adjust for life changes, like adding glass coverage if your commute gets longer after a job change.
As the primary driver in the family, I always consider insurance as a shield to protect my loved ones. Compulsory traffic insurance is the basic coverage, protecting others but not the vehicle's occupants, so it must be complemented with commercial insurance. Third-party liability insurance is the most essential—I opt for high coverage because it truly provides emergency relief if an accident occurs involving pedestrians or children crossing the road. With my kids and wife in the car, passenger liability insurance is a must to cover medical expenses and ease the financial burden. Tailor your choices to daily scenarios: if you frequently drive on highways, glass insurance protects against small stones damaging the windshield; if you park outside residential areas, theft insurance is worth considering. Insurance isn’t just an expense—it’s a reflection of responsibility. Before renewing, I assess risks and adjust add-ons to avoid waste. Choose an insurer with reliable service—don’t just focus on low prices, as delays in claims can be frustrating. Conversations with friends and many accident cases prove insurance is an investment—don’t regret it after an incident.
When handling car insurance, I prefer cost-effective approaches. Compulsory insurance is a must-have, as it's illegal without it. Third-party liability insurance is the backbone of commercial insurance, with coverage starting at at least 1 million yuan—low premiums yet comprehensive protection, covering damages to others' luxury cars or accidental injuries. Collision insurance is calculated based on the car's value—worth it for new cars with high value, but can be skipped for older cars with low residual value. Additional coverages like theft insurance and glass insurance should be weighed against risks. For example, since my neighborhood is safe, I skipped theft insurance; but since I often drive to construction sites, I added glass insurance for unexpected incidents. The overall strategy is to ensure core coverage isn’t neglected while staying flexible with add-ons to save cash. Consult insurance brokers to compare plans and find high-value insurers. Premiums adjust slightly each year—watch for discounts, like no-claim renewal bonuses. The key is to avoid overspending while ensuring critical coverage is in place.
