What Insurance Should You Buy for a Car?

[VanBrayden]

When purchasing insurance for a car, priority should be given to adequate third-party liability insurance. After securing sufficient coverage for passenger insurance, consider purchasing vehicle damage insurance. Following the acquisition of vehicle damage insurance, other types of insurance can be added, such as third-party insurance, driver and passenger seat liability insurance, and deductible waiver for vehicle damage insurance. Additionally, based on individual needs, you may opt for theft insurance, glass coverage, spontaneous combustion insurance, scratch insurance, and other types. Below is more information about car insurance: Introduction: Motor vehicle insurance is a type of property insurance, also known as car insurance. It covers the vehicle itself and third-party liability related to the motor vehicle, serving as a transportation tool insurance. 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 damage insurance, third-party liability insurance, comprehensive theft insurance (theft insurance), and passenger liability insurance (driver liability insurance and passenger liability insurance).

[Nora]

Last time when buying insurance for my new car, I did thorough research. For the basic package, I chose compulsory traffic insurance + vehicle damage insurance + third-party liability insurance + passenger liability insurance. Compulsory traffic insurance is legally required, covering others but not yourself. Third-party liability insurance is crucial nowadays with so many luxury cars on the road - I'd recommend coverage up to 3 million yuan. My colleague rear-ended a Tesla last year and this insurance saved him. Vehicle damage insurance became much more cost-effective after the 2020 reform, now including theft and spontaneous combustion coverage. If you often drive with family, the cheap passenger seat insurance is worth it for peace of mind. The medical expenses beyond medical insurance coverage is also worth adding - it can save you a lot of money in case of an accident.

[StNova]

Just finished helping a friend choose car insurance, the key is to consider personal circumstances. Compulsory traffic insurance is a must, so no need to elaborate. The focus is on commercial insurance combinations. For third-party liability insurance, a coverage of at least 2 million is recommended, as car repairs are extremely expensive nowadays. Vehicle damage insurance is essential, especially for new cars where even minor scratches can be heartbreaking. As an experienced driver, I added driver and passenger accident insurance and additional medical expense coverage beyond standard health insurance, which only costs an extra hundred or so per year. Once, I skidded on a rainy day and hit a guardrail, and the vehicle damage insurance covered all repair costs. Remember to renew your policy one month in advance to enjoy discounts, as price differences across platforms can be significant.

[AuroraDella]

Just finished handling a claim, so I can speak from experience. Compulsory traffic insurance is the foundation, and for commercial insurance, it's crucial to focus on third-party liability coverage of 3 million and vehicle damage insurance. Last time I was hit by an electric bike going the wrong way, the third-party liability insurance covered the other party's medical expenses. Glass insurance depends on the situation; if you frequently drive on national highways, it's advisable to add it. Scratch insurance is worth buying for the first two years of a new car. Pay special attention to modified vehicles, like mine with added roof racks, which require additional equipment insurance. Premium fluctuations are tied to regional accident rates, so out-of-town license plates may cost more. Before purchasing, carefully review the exclusions; many insurance types don't cover undercarriage damage.