What types of insurance are generally needed for a car?
2 Answers
Generally, the following types of car insurance should be purchased: Compulsory Traffic Insurance: Insurance required by national regulations. Vehicle Damage Insurance: After a traffic accident occurs, the insurance company will provide compensation within a reasonable range. Third-party Liability Insurance: If a motor vehicle is involved in a traffic accident causing personal injury, death, or direct property damage to a third party, the insurance company will cover the economic compensation liability within the legally stipulated range. No-fault Insurance: No-fault insurance is an additional coverage to vehicle damage or third-party liability insurance. By purchasing this insurance, the car owner can be exempted from liabilities that they would otherwise have to bear themselves in the event of a traffic accident, and can receive 100% compensation.
I've been driving for seven or eight years, and generally, buying insurance requires comprehensive consideration. Compulsory traffic insurance is a must, as required by the government, providing a safety net in case of hitting someone. Among commercial insurances, third-party liability insurance is crucial. I recommend a coverage of at least 1 million, as city driving has many accidents, and the risk of being unable to afford compensation is high. For new cars, it's advisable to purchase vehicle damage insurance, especially on roads prone to bumps and scrapes, as self-funded repairs can be expensive. Adding the no-deductible insurance reduces out-of-pocket expenses during claims. I also buy theft insurance because my neighborhood is unsafe. Glass breakage insurance can be chosen based on the season, as glass is prone to freezing and cracking in winter. In short, don't skimp on premiums—get what's necessary, safety first. Comparing prices before renewal can save some money.
