What Types of Car Insurance Should You Buy?
2 Answers
Car insurance is divided into: compulsory traffic insurance and commercial insurance. Compulsory traffic insurance is mandated by national law. Commercial insurance is purchased voluntarily based on the car owner's preference. Below is a detailed introduction to commercial vehicle insurance: 1. Vehicle Damage Insurance: Covers losses caused by natural disasters and accidents to the vehicle itself. Recommended for new drivers. 2. Third-Party Liability Insurance: Compensates for losses due to third-party injuries or fatalities caused by the car owner. This is a must-have for both personal and others' protection. 3. No-Fault Insurance: An add-on that transfers the car owner's liability to the insurance company, reducing personal losses. It's advisable to purchase this if you already have Vehicle Damage Insurance and Third-Party Liability Insurance. 4. Theft and Robbery Insurance: Covers damages caused by vehicle theft, robbery, or hijacking. Recommended for car owners without a garage. 5. Passenger Liability Insurance: Compensates for losses suffered by the driver and passengers due to traffic accidents. Premiums are usually paid per seat. Recommended for new drivers or family vehicles. 6. Spontaneous Combustion Insurance: Covers losses due to fires caused by vehicle electrical or wiring issues. Suitable for older vehicles. 7. Glass Breakage Insurance: Covers standalone breakage of windshield or window glass. Since glass replacement is expensive, it's recommended for vehicles frequently driven in unsafe areas. 8. Scratch Damage Insurance: Covers losses due to intentional, malicious, or accidental scratches on the vehicle body.
I've been driving for over a decade and have real experience with buying car insurance. Compulsory traffic insurance is legally required, but the coverage is too low to cover accident costs. I recommend getting third-party liability coverage of at least 1.5 million yuan – it can cover the other party's losses in major accidents and save you a fortune if you hit a luxury car. Vehicle damage insurance is also worth considering to protect your own car's repairs without regrets, especially for new cars or novice drivers. The no-deductible insurance doesn't cost much but waives your out-of-pocket portion. Theft insurance depends on local security, but glass breakage coverage is quite practical. Don't just look at premium prices—comparing service guarantees is crucial. Safety first—get full coverage where needed.
