What insurances are required when buying a car?

[SanBethany]

Normally, the following types of insurances are required when buying a car: 1. Compulsory Traffic Insurance: This is a mandatory insurance stipulated by the state, and you cannot legally drive without it. 2. Third-party Liability Insurance: This insurance covers the economic compensation the car owner provides to a third party for personal and property damage caused by a car accident. 3. Vehicle Damage Insurance: This covers the part exceeding the limit of the compulsory traffic insurance. It is essential to purchase this insurance with adequate coverage, generally recommended to be at least 300,000 yuan, to protect your own vehicle's losses. 4. No-deductible Insurance: This specifically covers the deductible part in auto insurance. Auto insurance clauses usually set a 20% deductible rate. If the vehicle is totaled in an accident and cannot be repaired, purchasing no-deductible insurance ensures the insurance company fully compensates for the vehicle's loss.

[MaciDella]

When I first bought the car, the most confusing part for me was the insurance issue. The salesperson told me that compulsory traffic insurance is mandatory by the state, providing basic coverage for third-party personal injuries, costing a fixed few hundred yuan annually that cannot be skipped. Then there's a whole range of commercial insurance: auto damage insurance is quite important, covering repair costs for your own car in case of scratches or accidents; third-party liability insurance is recommended for additional coverage, protecting against compensation for hitting someone else's car or causing injuries, especially with higher risks in city driving. Theft insurance depends on how safe your parking spot is—worth considering if your residential parking is chaotic. There are also smaller coverage options like standalone glass breakage insurance, which is affordable and practical. Overall, choose based on needs and budget, but don’t skip compulsory traffic insurance—otherwise, you can't legally drive.

[OMason]

When purchasing a family car, we place special emphasis on insurance. Compulsory traffic insurance is legally required, providing basic protection for injured third parties. For commercial insurance, we opted for vehicle damage insurance for peace of mind, ensuring repairs to our own car won't be a financial burden. Third-party liability insurance should have sufficient coverage, as it's crucial in case of personal injury liabilities. We also added passenger insurance for safer travels with children. Glass insurance is cost-effective at just a few dollars, protecting against unexpected road debris. Theft insurance depends on the neighborhood; if parking is in a remote area, it's recommended. These insurances aren't complicated but are essential, prioritizing family safety above all.

[VonAyla]

Years of driving experience summed up: Don't complicate car insurance. Compulsory traffic insurance is mandatory by law with fixed pricing, no room for savings. For commercial insurance: Third-party liability insurance is highly recommended—higher coverage ensures compensation for third-party losses; vehicle damage insurance is affordable for new cars and makes repairs convenient; theft insurance depends on risk areas. Others like spontaneous combustion or scratch insurance are generally unnecessary unless special circumstances exist. Keep it simple: mandatory traffic insurance plus basic commercial third-party liability coverage suffices; add vehicle damage insurance if the budget allows.

[Nathan]

As a budget-conscious person, I carefully selected my car insurance when purchasing a vehicle. Compulsory traffic insurance is mandatory and cannot be skipped, otherwise you won't get license plates. For commercial insurance, I only opted for the most basic version of third-party liability coverage—it's cheap and protects against liabilities if I hit someone. I skipped the more expensive comprehensive and theft insurance since driving an older car means fewer repairs and more savings. I inquired about glass or passenger insurance but found the cost-benefit ratio unfavorable, so I passed. I recommend that beginners compare packages from different companies to save money for fuel expenses.

[DelAlivia]

Safety-first car owner experience: Full coverage is a must when buying new car insurance. Compulsory traffic insurance is legally required to guarantee third-party injury protection. Vehicle damage insurance covers repair costs to minimize losses; third-party liability insurance is essential for compensating luxury car or personal injury accidents; theft insurance should be chosen based on environment to prevent theft risks. Also recommended is glass insurance—a small investment with big returns to protect against cracked glass. Overall, spending a few hundred extra brings peace of mind while driving, making it the most worthwhile precaution.