What is the coverage and compensation amount of car insurance?

[VonGianna]

Coverage: The insured vehicle collides or overturns during use (Collision refers to direct contact between the insured vehicle and external objects, but human-induced scratches on the insured vehicle are not covered under the vehicle damage insurance; Overturning means the insured vehicle flips over due to natural disasters or accidents, losing its normal state and driving capability, and cannot be restored to driving condition without rescue.); The insured vehicle encounters fire, explosion, etc.; External objects collapse, airborne objects fall, or the insured vehicle falls parallel while driving; The insured vehicle is struck by lightning, storms, tornadoes, heavy rain, floods, tsunamis, ground collapse, ice collapse, cliff collapse, avalanches, hail disasters, mudslides, landslides, etc.; Natural disasters encountered by the insured vehicle during transportation (Only during transportation, with the 58 Auto driver accompanying and taking care of the vehicle, will the insurance company compensate); Compensation amount: Determined based on the extent of vehicle damage, with no uniform standard for compensation amount. Generally, there are the following scenarios: In case of total loss of the vehicle, compensation is calculated within the insured amount. If the insured amount exceeds the actual value of the insured vehicle at the time of the insurance incident, compensation is calculated based on the actual value of the insured vehicle at the time of the incident; In case of partial loss of the vehicle, for vehicles with the insured amount determined by the new car purchase price, compensation is calculated based on actual repair and necessary, reasonable rescue costs, using the formula: Actual repair and rescue costs - residual value. For vehicles with an insured amount lower than the new car purchase price at the time of insurance, in case of partial loss, compensation for repair and rescue costs is calculated based on the ratio of the insured amount to the new car purchase price at the time of the incident, using the formula: (Actual repair and rescue costs - residual value) × (Insured amount ÷ New car purchase price).

[MacKiara]

I've been driving for over a decade and know car insurance claims inside out. Compulsory traffic insurance is mandatory by law, covering the other party's personal injury and property damage in an accident. The maximum payout is 180,000 yuan for death/disability if at fault, up to 18,000 yuan for medical expenses, and capped at 2,000 yuan for property damage. Commercial insurance is the real deal - third-party liability coverage should start at 2 million yuan, so you won't panic even if you hit a luxury car; comprehensive coverage is based on the car's value and covers all repairs to your own vehicle; passenger liability insurance covers medical expenses for passengers. The key is to check the deductible rate - getting zero deductible is the most cost-effective. Recently, new energy vehicle insurance has added coverage for spontaneous combustion and the three-electric system, with higher premiums but more comprehensive protection. Remember to read the fine print on the policy, such as the absolute exclusion for drunk driving.

[OEloise]

Last month, I rear-ended a Tesla and learned a lot during the insurance claim process. The compulsory traffic insurance first covered 2,000 RMB in property damage, and the remaining costs were covered by the commercial third-party liability insurance. Since I had purchased a 3 million RMB third-party liability coverage, the entire repair cost of over 100,000 RMB for the other party's car was fully reimbursed. The vehicle damage insurance covered the repair of my own front bumper, and an additional scratch insurance policy handled the door scratches. However, it's crucial to note that the 'no deductible' clause is key; otherwise, I would have had to pay 20% out of pocket. The claim amount depends not only on the coverage limit but also on the liability ratio—being fully at fault means covering 100%. It's advisable to opt for comprehensive insurance for new cars and consider scaling back coverage for older cars to save on premiums, as handling minor scratches yourself can be more cost-effective.

[McAthena]

The amount of car insurance compensation depends on three key aspects: First, the basic coverage, where compulsory traffic insurance covers up to 200,000 yuan for the other party's personal injury and 2,000 yuan for property damage. Second, the choice of commercial insurance, with a third-party liability coverage of 2 million yuan being the mainstream now, and 3 million yuan recommended for big cities; comprehensive coverage is based on the current value of the vehicle. Third, pay attention to the claim conditions, such as needing water damage coverage to claim for engine damage caused by flooding, and modified vehicles may be denied claims. It's advisable to clarify additional coverages when purchasing insurance, such as scratch and glass coverage, which are practical and cost only a few hundred yuan. Major accidents are compensated according to the policy limit, but depreciation and loss of income are usually not included.

[IvanLynn]

Third-party liability insurance is the most crucial to understand, as it covers compensation for hitting people or vehicles. Last time I saw a friend's claim, his third-party coverage was 1.5 million yuan, and the medical expenses for the injured were fully reimbursed, even including lost wages. However, if you damage cultural relics like ancient buildings, the coverage might not be enough. Property damage includes vehicle repairs and public facilities like streetlights and guardrails, but indirect economic losses, such as taxi operation suspension, are not covered. Some companies now offer additional coverage for mental distress compensation. When choosing the coverage amount, consider local consumption levels—in first-tier cities, it's recommended to start from 3 million yuan. The premium might be a thousand or so more, but it’s worth the peace of mind.

[LaKylie]

Don't assume that having car insurance means everything is covered. These situations are absolutely not covered: driving without a license, drunk driving, drug-impaired driving, and intentionally causing accidents. Additionally, claims won't be paid if the car hasn't passed its annual inspection or if you drive on the highway during the probationary period. The claim amount can also be affected: leaving the accident scene without taking photos may result in a 30% deduction; reporting after a private settlement will lead to outright rejection; and secondary engine start-ups after water ingress are not covered by vehicle damage insurance. For minor accidents, it's advisable to gather evidence and wait for the traffic police to determine liability. In case of injury accidents, immediately call 120 and the insurance hotline, and avoid paying medical expenses upfront—let the insurance company handle direct payments. The safest approach is to review the policy terms every year when renewing your insurance.