What Insurance Should a Car Purchase?
2 Answers
Car should purchase the following insurance: 1. Compulsory Traffic Insurance and Vehicle and Vessel Tax are the minimum standard insurance required for a vehicle to be on the road after purchase, and it is also a mandatory insurance required by the state, not levied by the insurance company. Unless you buy a car and do not drive it on the road, using it as an offering, you can avoid paying. Its claim scope: Any loss caused to a third party (excluding the vehicle itself and people in the vehicle), whether at fault or not, is within the claim scope of the compulsory traffic insurance, with a maximum compensation amount of 2000 yuan. 2. Vehicle Damage Insurance is the most basic insurance to protect the vehicle from damage. For example, accidents such as hitting a utility pole or hail damaging the car, as well as natural disasters causing damage to the vehicle, are all within the claim scope of vehicle damage insurance. However, it is important to note that losses caused to the vehicle by earthquakes are not covered by the insurance company. 3. Third-Party Liability Insurance can be said to be the most worthwhile insurance among all vehicle insurance types. When you are fully at fault, the vehicle repair costs and medical expenses for personnel are all covered by the purchased third-party liability insurance. Third-party liability insurance is divided into seven coverage levels from 50,000 to 1,000,000. Although there is a certain cost difference between each level when purchasing, for an insurance type like third-party liability insurance.
As a beginner driver just learning to drive, I feel it's important to choose good insurance after buying a car. First, compulsory traffic insurance is a must—it's required by law to cover others' injury or death losses, avoiding trouble in case of accidents. Then, vehicle damage insurance is crucial, covering your own car's repair costs, especially for new cars where scratches or accident repairs can be expensive—not buying it would be a big loss. Third-party liability insurance should have high coverage, at least 2 million, in case you hit a luxury car or can't afford medical compensation, which would be disastrous. Adding a no-deductible clause ensures full payment during claims, making things simpler. Don't forget to supplement based on your environment—for example, if your city has a lot of rainy seasons, water damage insurance can protect your engine. After driving, I truly understand that insurance is an investment in protection. Don't skimp on this money and risk big losses—make sure to go with a reputable company.
