What to Do If You Forget to Renew the Compulsory Traffic Insurance?

[DiLayla]

If you forget to renew the compulsory traffic insurance, you can simply make a late payment. The vehicle owner only needs to bring documents such as the vehicle registration certificate and ID card to the insurance company for renewal within three months after the expiration. The full name of the compulsory traffic insurance is the Motor Vehicle Traffic Accident Liability Compulsory Insurance. It is a mandatory liability insurance where the insurance company compensates for personal injuries, deaths, and property losses of victims caused by road traffic accidents involving the insured vehicle, within the liability limits. The compulsory traffic insurance is China's first mandatory insurance system implemented by national law. Its premium is uniformly charged nationwide as stipulated by the state, but the prices vary for different car models.