What Insurance Should You Buy for a New Car for the First Time?

1 Answers
AugustLynn
07/29/25 7:45pm
What insurance should you buy for a new car: Compulsory Traffic Insurance: This is a mandatory insurance required by the state. If you don't purchase it, you may face fines if caught by traffic police. The coverage is limited and mainly benefits others, not your own vehicle. Third-Party Liability Insurance: In the event of an accident causing injuries, deaths, or direct property damage to people other than the driver and passengers, the insurance company will provide compensation as stipulated. If the other party is fully at fault, the insurance company can provide full compensation. If you are fully at fault, the insurance company has a 20% deductible. Vehicle Damage Insurance: This insurance compensates for your own vehicle, especially beneficial for new drivers who may encounter minor scrapes and scratches. Purchasing this insurance can help reduce your own losses. No-Deductible Insurance: This is an additional insurance. In many accident compensations, insurance companies have a 5-20% deductible rate. Purchasing no-deductible insurance can help you avoid these deductibles and receive full compensation.
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