What Types of Auto Insurance Do You Need to Buy?

[VonDaniella]

Auto insurance mainly includes two types: compulsory traffic insurance and commercial insurance. The specific details about compulsory traffic insurance and commercial insurance are as follows: 1. Compulsory Traffic Insurance: The full name of compulsory traffic insurance is "Compulsory Traffic Accident Liability Insurance for Motor Vehicles." It is the first mandatory insurance system implemented by national law in China. Compulsory traffic insurance is mandatory as per national regulations, and vehicles without it or with expired policies are not allowed on the road. 2. Commercial Insurance: Commercial insurance includes vehicle damage insurance, theft insurance, third-party liability insurance, no-deductible coverage, glass insurance, spontaneous combustion insurance, and other types. Sufficient third-party liability insurance is essential, as it is most important for compensating people in traffic accidents. Vehicle damage insurance should be purchased based on your vehicle; it comes into play if the vehicle is damaged during driving.