What types of car insurance should I generally purchase?
2 Answers
For passenger cars, the main types of insurance that need to be purchased include the following: 1. Compulsory traffic insurance, vehicle damage insurance, third-party liability insurance, full vehicle theft insurance, onboard liability insurance, no-fault liability insurance, falling object liability insurance, scratch insurance, standalone glass breakage insurance, vehicle downtime loss insurance, spontaneous combustion loss insurance, equipment loss insurance, no-deductible special coverage, 4S shop specialized repair insurance, etc. 2. Extension: Car insurance is mainly divided into two types: compulsory traffic insurance and commercial auto insurance. Compulsory traffic insurance is a mandatory type of insurance required by the state, while commercial auto insurance can be purchased according to the actual needs of the car owner.
I think these types of car insurance are the most practical to buy. Compulsory traffic insurance is mandatory by the state, so you must purchase it; otherwise, your car can't be driven on the road. For commercial insurance, I recommend third-party liability insurance, preferably with a coverage of over 1 million, so you can afford compensation if you accidentally hit someone. Then there's vehicle damage insurance, especially for new cars, as repair costs are high, and buying it avoids paying out of pocket. Also, theft insurance is worth considering—car thieves aren't common nowadays, but it's good to be prepared. Other options like glass breakage insurance and body scratch insurance depend on your car's condition; older cars might not need them. From my experience, zero deductible insurance is also important, as it reduces the portion you have to bear. In short, don't skimp on insurance—you'll regret it when an accident happens. Last time, a minor scrape was fully covered by my insurance.
