What insurance policies should be purchased for a car?
2 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.
