What insurances are required when purchasing a new car?

[LeAlexandra]

When buying a new car, it is recommended that car owners purchase the following insurances: 1. Compulsory traffic insurance: This is a mandatory insurance required by the state. Without it, the car cannot be driven on the road and will lose its eligibility for annual inspection. 2. Vehicle damage insurance: This is a necessary insurance with the widest coverage for claims. It is truly practical and can help reduce personal losses. 3. Third-party liability insurance: This is a 'supplementary insurance.' Since the compensation amount of compulsory traffic insurance is limited, third-party liability insurance can cover the part that exceeds the compulsory insurance limit. In case of an accident, it ensures more reasonable compensation and more comprehensive reimbursement. 4. No-deductible insurance: This is an additional insurance. In many accident compensations, insurance companies have a deductible rate of 5-20%. Purchasing no-deductible insurance ensures full compensation.