What types of car insurance are generally purchased?

[VonEloise]

Car insurance types mainly include: compulsory traffic insurance; vehicle damage insurance; third-party liability insurance; and no-deductible insurance. Additionally, other car insurance types include comprehensive theft insurance, passenger liability insurance, scratch insurance, glass insurance, vehicle spontaneous combustion insurance, and water submersion insurance. Introduction to compulsory traffic insurance: The full name of compulsory traffic insurance is 'Compulsory Traffic Accident Liability Insurance for Motor Vehicles.' It is a mandatory liability insurance where the insurance company compensates for personal injuries, fatalities, and property losses (excluding the vehicle's occupants and the insured) caused by road traffic accidents involving the insured vehicle, within the liability limits. Necessity of compulsory traffic insurance: Compulsory traffic insurance ensures compensation for victims of motor vehicle road traffic accidents and promotes road traffic safety. It provides timely and basic protection for traffic accident victims.

[DiGraham]

I usually choose the type of car insurance based on my driving habits. Compulsory traffic insurance is mandatory by law and must be purchased; otherwise, you cannot drive on the road. Among commercial insurances, I highly value third-party liability insurance and opt for a coverage of 1 million yuan. In case I accidentally hit someone else's car or a pedestrian, it can reduce my personal financial burden. I also purchase vehicle damage insurance because repair costs are not cheap nowadays. For example, once I hit a curb while turning, causing the hood to deform. Fortunately, vehicle damage insurance covered most of the repair costs. I skipped theft insurance because I park in relatively safe areas, and my car isn't very valuable. The total cost is controlled at around 4,000 yuan per year, which is cost-effective and gives me peace of mind.

[LaAllie]

As a family car user, I feel more at ease with comprehensive car insurance. Compulsory traffic insurance is the foundation, and I would choose a third-party liability coverage of 1.5 million, especially for picking up and dropping off kids to prevent accidents. Passenger liability insurance is a must to protect family safety. I also add separate glass breakage insurance and water damage insurance because it rains a lot here in summer, preventing window damage or flooding. Theft insurance depends on the situation; I bought it when the car was new but saved on it for older cars. The cost is over 5,000 a year, and it's worth the money for peace of mind.

[LeVictoria]

As a seasoned driver with over a decade of experience, I've simplified my insurance coverage. Compulsory traffic insurance and third-party liability coverage with 1 million yuan coverage are must-haves to prevent compensation disputes. I also maintain vehicle damage insurance to avoid out-of-pocket expenses for minor scratches. Other coverages like theft insurance are unnecessary since parking in the city poses minimal risk. The deductible waiver is particularly useful, making small accident claims more cost-effective. With an annual premium just over 3,000 yuan, it's economical and unnecessary to spend more.

[Haymitch]

When I first bought a car, I was really torn about insurance and ended up choosing compulsory traffic insurance, third-party liability insurance with 1 million coverage, and vehicle damage insurance as the basics. As a beginner, it's easy to make mistakes, and the third-party liability insurance helped me avoid compensation crises. The vehicle damage insurance covered a few door repairs, and the service station handled them quickly. I also added glass insurance, which came in handy once when a stone chipped the windshield on the highway. Now that I understand the market, I keep my premiums under 4500, and these options are more than enough for beginners to stay safe.

[MacGabriella]

I'm passionate about car modifications and have customized my insurance accordingly. Essential coverages like compulsory traffic insurance, third-party liability insurance with 1.5 million coverage, and vehicle damage insurance are must-haves. Additionally, I've included the designated repair shop endorsement to ensure repairs with genuine parts. I also purchased additional equipment loss insurance to protect my aftermarket upgrades like rims and audio systems. For instance, at a recent meetup, a modified car got scratched, and the insurance covered the repairs. The cost was over 6,000 yuan – truly a worthwhile investment in my beloved car.