What Insurance Should You Buy for a New Car?

[DelTravis]

Compulsory Traffic Accident Liability Insurance, No-Deductible Coverage, Third-Party Liability Insurance, and Vehicle Damage Insurance are the essential insurances for a new car. Compulsory Traffic Accident Liability Insurance is mandatory, with a nationally unified fee standard. The price may increase or decrease based on the claim history. It is a must-have for all vehicles. In case of a traffic accident, the insurance company only compensates the party that was hit, meaning the compensation conditions are limited. However, without this insurance, the car cannot pass the annual inspection and cannot be driven on the road. Third-Party Liability Insurance covers the portion beyond what Compulsory Traffic Accident Liability Insurance does not reimburse. In the event of an accident, it ensures a more reasonable compensation amount. Vehicle Damage Insurance is the most comprehensive necessary coverage for a new car. It covers damages from collisions, flooding, and other incidents. The specific reimbursement process depends on the cause of the event, the extent of the loss, and other factors. Scratch Insurance covers the repair costs for scratches caused by the owner's sole responsibility. This insurance is a separate add-on coverage.