What Types of Insurance Are Generally Purchased for Cars?
1 Answers
New car owners can choose insurance based on their needs. Here are detailed explanations: 1. Novices with ample budgets are advised to purchase 'full coverage': For novice car owners with good financial conditions, if your vehicle is of high value, you may opt for 'full coverage' in the first year, which includes eight types of insurance: compulsory traffic insurance, vehicle damage insurance, third-party liability insurance, passenger liability insurance, comprehensive theft insurance, scratch insurance, standalone glass breakage insurance, and no-deductible insurance. This provides comprehensive protection for your car. 2. Budget-conscious novices should choose basic insurance as needed: If finances are tight, novice drivers can select appropriate insurance based on their vehicle usage. For vehicles parked in fixed locations and used only for commuting, besides compulsory traffic insurance, vehicle damage insurance and third-party liability insurance are sufficient. If the vehicle frequently carries relatives or friends, passenger liability insurance should also be considered. 3. Experienced drivers should choose insurance appropriately: Skilled drivers with lower accident probabilities generally only need compulsory traffic insurance, vehicle damage insurance, and third-party liability insurance for their new cars, providing basic protection. If the vehicle lacks a fixed parking spot and is frequently used for travel, comprehensive theft insurance and scratch insurance should also be purchased.
