What should be noted when renewing car insurance?

[Blake]

Precautions for renewing car insurance: 1. Timely renewal: Car owners should pay attention to the annual insurance date and renew the insurance in time to avoid inconvenience in claims. 2. Choose a suitable renewal plan: Although it is not cost-effective to insure too many types for older cars, it does not mean that they should not be insured. For example, third-party liability insurance is still necessary. You can choose relatively suitable insurance types, such as car damage, third-party, and no-deductible. Below are the relevant introductions: 1. Compulsory insurance: Compulsory insurance is a mandatory insurance in China. It is the insurance that compensates the party hit in an accident, but the compensation amount is very limited. Generally, the limit is 122,000 yuan, which is far from enough for major accidents. 2. Third-party liability insurance: Abbreviated as third-party insurance, it is a supplementary insurance to compulsory insurance and also compensates others in the event of an accident. Third-party insurance can compensate for the part beyond the compulsory insurance limit, so car owners can purchase third-party insurance at the same time when buying compulsory insurance, which also solves the worries in the event of a major accident. 3. Car damage insurance: Car damage insurance is the insurance for the loss of the vehicle itself. Without car damage insurance, additional insurance cannot be purchased. Common car damages include collision, overturning (rollover), natural disasters (hail, heavy rain, explosion, etc.). The premium for car damage insurance is generally over 1,000 yuan for 100,000 yuan, which is related to the model and price of the vehicle, equivalent to 3 yuan per day. The claim rate for this insurance is also very high.

[MacMiranda]

Every time I renew my car insurance, I first review my driving record from the past year. If there were no accidents last year, the insurance company offers a discount, so I always call or check quotes online a month in advance. I compare prices from several companies—not just looking for the cheapest, but also ensuring the coverage and deductible are reasonable. A friend recommended online renewal services, which save both time and money, so I often give them a try. There are also additional perks, like free annual inspection services or roadside assistance after renewal—don’t miss out on those. In short, being meticulous ensures every penny is well spent, and you don’t let the insurance company take advantage.

[VanLilliana]

When renewing my insurance, I need to carefully review the contract details. Check what items were covered last year and whether there are any new clauses now, especially whether the third-party liability coverage is sufficient to avoid being unable to afford compensation in case of an accident. Also, verify if the coverage has narrowed, such as risks related to natural disasters or theft. Be cautious if the deductible changes significantly—don’t just take the customer service’s word for it; it’s best to check yourself. If you made any claims last year, note them down to assess the impact. Prepare notes in advance to compare old and new policies, avoiding any loopholes. I don’t trust verbal promises and always insist on written explanations for peace of mind.

[PaisleeFitz]

As an experienced driver, I know that renewal depends on driving habits. If you rarely drive long distances, opting for lower coverage is sufficient to save money. Last year, with more frequent driving, premiums might increase, so I check the insurer's reasoning. Maintaining a good record is key—no accidents can earn you discounts. If your car is older or you've changed models, adjust your coverage accordingly. Don't overlook personal driving frequency—it directly impacts costs. For renewal timing, I set a reminder two weeks before the deadline. Always consider actual circumstances and avoid being misled by sales pitches.