What Types of Auto Insurance Are There?

[LaJace]

Basic insurance includes third-party liability insurance and vehicle damage insurance: the policyholder can choose to insure part of the coverage or all of it. Auto insurance mainly includes the following types: Compulsory traffic insurance, which is mandatory and primarily covers personal injury and property damage to victims (excluding the vehicle's occupants and the insured) caused by road traffic accidents involving the insured vehicle. Vehicle damage insurance, which mainly covers damage to the car caused by insured incidents (such as collisions, falls, storms, heavy rain, floods, earthquakes, hail, etc.). After the 2020 auto insurance reform, vehicle damage insurance is bundled with spontaneous combustion insurance, theft insurance, engine water damage insurance, glass insurance, no-deductible insurance, and third-party unidentified insurance for sale. Third-party liability insurance, which mainly covers personal injury and property damage to third parties caused by insured incidents involving the insured vehicle. Passenger liability insurance, which mainly covers personal injury to passengers in the vehicle. Additional auto insurance, such as medical expenses outside of medical insurance liability insurance, separate tire additional insurance, statutory holiday limit doubling insurance, etc.