What procedures are required for purchasing compulsory traffic insurance for company-owned vehicles?
2 Answers
To purchase compulsory traffic insurance for a company-owned vehicle, you will need the organization code certificate, business license, vehicle registration certificate, and the previous year's insurance policy. Below are detailed introductions about company-owned vehicles: 1. Introduction: Company-owned vehicles refer to vehicles registered under the name of a company or enterprise. These vehicles do not need to repeatedly pay the vehicle and vessel tax during inspections, making them a popular means for urban residents to purchase and register vehicles. Compared to private vehicles, company-owned vehicles are more cost-effective. Moreover, most company-owned vehicles are maintained and repaired at 4S shops, with complete maintenance and repair records. 2. Price: Most company-owned vehicles are sold through mortgage due to company bankruptcy or other reasons, which makes their prices very affordable. Since company-owned vehicles are second-hand sales, only the transfer of ownership is required, unlike private vehicles that may have many unresolved traffic violations. For most people, company-owned vehicles are hard to come by and highly sought after.
I just helped my company handle the compulsory traffic insurance for corporate vehicles this month, and it took me a trip to figure out what was needed. First, you must bring the original vehicle license, which contains key information like the license plate number and VIN. Then, you need a copy of the business license stamped with the company seal to prove the car is registered under the company’s name. Also, the handler’s original ID card is required for identity verification by the insurance company. Oh, and if you’ve previously purchased compulsory insurance, bringing the old policy makes renewal easier. Nowadays, some major insurance companies support online processing—just scan photos of the business license and vehicle license. However, for changes like license plate modifications or ownership transfers, you’ll still need to visit the counter. Lastly, a reminder: policies may vary slightly by region, so it’s best to call the insurance company in advance to confirm the required documents.
