What types of insurance are available for car purchases?

[Olivia]

When purchasing a car, the following types of insurance are available: 1. Compulsory Traffic Accident Liability Insurance: This is a mandatory liability insurance where the insurance company compensates for personal injuries, deaths, or property losses caused to victims (excluding the vehicle's occupants and the insured) in road traffic accidents involving the insured vehicle, within the liability limits. 2. Vehicle Damage Insurance: This insurance covers losses to the insured vehicle caused by natural disasters (excluding earthquakes) or accidents within the scope of insurance liability, with compensation provided by the insurer according to the terms of the insurance contract. 3. Third-party Liability Insurance: This is a compulsory insurance required for annual vehicle inspection. It covers direct property losses and personal injuries to third parties caused by accidents involving the insured vehicle when driven by a qualified driver.

[KalebFitz]

There are quite a few types of car insurance, and I did some research when I first bought a car. They are mainly divided into two categories: compulsory traffic insurance is legally mandatory, covering compensation for injuries or damages to others in case of an accident; commercial insurance is optional, including third-party liability insurance for third-party property or personal losses, vehicle damage insurance for your own car's repair costs, and no-deductible insurance to make the insurer cover all costs without your contribution. There's also theft insurance to protect against vehicle theft, scratch insurance for minor scrapes, water damage insurance for engine protection against flooding, and spontaneous combustion insurance for electrical circuit aging issues. Passenger liability insurance ensures passenger safety. Beginners are advised to at least get third-party liability insurance plus vehicle damage insurance, as the premiums are reasonable and cover major risks. Before driving, compare policies from several companies to choose the most suitable plan for yourself.

[DelPreston]

There is a comprehensive range of car insurance options, especially important after starting a family. The basic one is compulsory traffic insurance, which is mandatory to compensate victims in accidents; commercial insurance like third-party liability insurance should have higher coverage to avoid insufficient compensation; vehicle damage insurance covers your own car's damages; passenger liability insurance is crucial for family trips; and no-deductible insurance eliminates claim hassles. Additional coverage can be chosen based on different needs, such as theft insurance for urban parking security, or water damage insurance essential for the rainy season. Overall, for cost-effectiveness, beginners should prioritize third-party liability and vehicle damage insurance, while older cars benefit from adding spontaneous combustion or scratch insurance for peace of mind. Don’t skimp too much on premiums—choose a mid-tier option for safer driving with less worry. Remember to review your insurance annually during vehicle inspections to avoid coverage gaps.

[CooperLee]

There are various types of auto insurance, which I often discuss as a car enthusiast. Compulsory traffic insurance (CTI) is the basic coverage that compensates third parties. Commercial insurance includes third-party liability insurance as the core coverage for others, while vehicle damage insurance addresses issues with your own car. Specialized insurance options are quite practical, such as water ingress insurance for engine damage due to flooding, scratch insurance for minor abrasions, and spontaneous combustion insurance to prevent fires in older vehicles. For modified or specific vehicles, you can add exclusive insurance types. When purchasing insurance, choose within your means and opt for comprehensive packages to save money and hassle. Don't just focus on low prices; quick claims processing is more important. Tailor your insurance to your driving habits—if you drive frequently, it's best to have full coverage.