What Types of Car Insurance Are There?

[DiLandon]

Car insurance is divided into: compulsory traffic insurance and commercial insurance. Compulsory traffic insurance is mandatory by national law. Commercial insurance can be purchased voluntarily according to the car owner's preference. Below is a partial introduction to car insurance: 1. Components: Car insurance generally includes basic insurance and additional insurance. Basic insurance is further divided into vehicle damage insurance and third-party liability insurance. 2. Coverage: Vehicle damage insurance covers losses to your own vehicle; third-party liability insurance covers damages to objects outside your own vehicle, such as people hit, public property, or the other party's car; passenger liability insurance covers personal and property losses of passengers in your own vehicle; theft insurance covers compensation if your vehicle is stolen; no-deductible coverage ensures 100% compensation in case of an accident. Without no-deductible coverage, you bear 30% of the deductible for each accident.