What Issues Should Be Considered When Buying Car Insurance?
3 Answers
Buying car insurance requires attention to purchasing channels and other issues. The following are the considerations when purchasing car insurance: Purchasing Channels: It is important to choose a purchasing channel carefully. Opt for insurance companies with legal qualifications and agents who possess professional qualification certificates, practice licenses, and formal agency contracts with the insurance company. Consider Personal Needs: It is essential to select insurance products based on your actual needs and fully understand the terms and conditions of motor vehicle insurance. Pay Attention to Important Documents: Be mindful of the use and safekeeping of important insurance documents, fulfill the obligation of truthful disclosure, pay insurance premiums on time, and agree with the insurance company on the method for resolving contract disputes.
Last time I helped my relative look at car insurance, I realized the most important thing is to understand what coverage you need. Compulsory traffic insurance is a must, and third-party liability insurance should start at least at 1 million—nowadays, hitting a luxury car can be unaffordable. Comprehensive coverage depends on the car's condition; you might skip it for an old car but should definitely get it for a new one. For minor coverages like scratch and glass insurance, read the fine print carefully—there are many restrictive clauses that can be tricky. Don’t just look at the advertised price; rebates vary across different channels. I compared official websites and agents, and the difference can be hundreds. Also, a reminder: don’t wait until the last day to renew. Inquiring a month in advance is the most cost-effective, as agents offer the best discounts when pushing for sales targets.
The actual claims experience is crucial! I've learned my lesson and now always check the company's service rating before choosing auto insurance. Big companies have more service outlets and faster damage assessment, while small companies can drag out claims for two months. It's especially important to confirm if you can choose your own repair shop—I once had to go to a suburban shop assigned by the insurer, which was a nightmare. Also, pay attention to the medical expense advance payment clause—a friend's insurer advanced 50,000 yuan in an accident, which really helped in an emergency. The hidden absolute deductible rate in the contract is particularly tricky—one company had a 15% clause that ended up reducing the claim by over 3,000 yuan. I recommend keeping the electronic policy on your phone; it works when the police check your vehicle even if you don't have the paper version.
