What should be considered when buying car insurance?
2 Answers
When purchasing car insurance, the following points should be noted: 1. Pay attention to the choice of purchasing channels. 2. Carefully select insurance products based on your actual needs and fully understand the terms and conditions of motor vehicle insurance. 3. 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 dispute resolution methods. Below is an expanded classification of car insurance: 1. Generally, four major types of insurance are required: compulsory traffic insurance, third-party liability insurance, third-party non-deductible coverage, and vehicle damage insurance. 2. Compulsory traffic insurance is mandatory for every car owner as per national regulations. 3. Third-party liability insurance covers the remaining compensation amount when compulsory insurance falls short in compensating others. 4. Non-deductible coverage and vehicle damage insurance: Non-deductible coverage is an additional insurance that covers the remaining 20% when the combined compensation from compulsory insurance and third-party liability insurance only reaches 80%. 5. Vehicle damage insurance ensures coverage for vehicle repairs in case of malfunctions.
When buying car insurance, I usually start by comparing quotes from major companies like Ping An or PICC to check their basic offers. Online tools are a big help—just input the car model and driving experience to get a quote, but don’t just focus on the numbers; reviewing the coverage is key. Some only cover liability for accidents, excluding theft or natural disasters, so if you cherish your car, it’s worth spending more for comprehensive coverage. The deductible is another critical point: too low means higher premiums, while too high means paying more out of pocket in case of a claim—I aim for a middle ground. Check community platforms for customer service reputation to avoid delays during claims. Don’t overlook discounts: no-claim bonuses, safety device subsidies, or lower premiums for young drivers with trackers installed. Finally, ask experienced drivers for recommendations—real-world advice can save a lot of hassle.
