What is the difference between buying insurance for a 7-seater and a 5-seater car?

[JosephineFitz]

The differences between buying insurance for a 7-seater and a 5-seater car are as follows: 1. Compulsory Traffic Insurance: Compulsory traffic insurance must be paid annually. For household vehicles, those with 6 seats or fewer cost 950 yuan per year, while those with more than 6 seats cost 1,100 yuan. 2. Seat Insurance: Seat insurance, also known as passenger liability insurance, costs about 100 yuan more for a 7-seater car compared to a 5-seater due to the two additional seats. 3. Calculation Method: The premium for vehicle damage insurance = basic premium + insured amount × rate. 4. Commercial Insurance: There are also some differences in other commercial vehicle insurance policies for 5-seater and 7-seater cars. Most 5-seater and 7-seater cars are used as private vehicles and rarely for passenger transport. Some insurance companies have significantly different premium amounts for private vehicles and passenger transport vehicles. 5. Body Markings: Enforcement varies by region. Generally, as long as the vehicle is not used for commercial purposes, even a 7-seater does not need to display markings such as 'Approved Capacity: 7 Persons' on the body.