What types of insurance are required when buying a car?

[LeMartin]

When purchasing a car, you normally need to buy the following types of insurance: Compulsory Traffic Insurance: Compulsory traffic insurance is a mandatory insurance required by the state. Without it, you cannot legally drive on the road. Third-Party Liability Insurance: Third-party liability insurance covers economic compensation that the car owner must pay to a third party for personal injury or property damage caused by a car accident. Vehicle Damage Insurance: This insurance covers the portion of damages that exceeds the limit of compulsory traffic insurance. It is essential to purchase this insurance, and the coverage should not be too low. Generally, it is recommended to have a coverage of at least 300,000 RMB. Vehicle damage insurance is used to cover the loss of your own vehicle. No-Deductible Insurance: No-deductible insurance specifically covers the portion of the claim that would otherwise be subject to a deductible under standard auto insurance policies. Auto insurance policies typically include a 20% deductible rate. If your vehicle is totaled in an accident and cannot be repaired, purchasing no-deductible insurance ensures that the insurance company will fully compensate for the vehicle's loss.

[AvaRose]

When I bought my car and just got my driver's license, the salesperson hurriedly said that compulsory traffic insurance must be purchased, as it's required by national law—without it, you can't drive on the road. Then there are a bunch of optional commercial insurances, like vehicle damage insurance to cover repair costs if your car gets hit, and third-party liability insurance to cover accidents involving other people's cars or injuries, with a recommended coverage of at least 500,000 yuan. A friend suggested adding passenger liability insurance in case passengers get injured. New drivers are often persuaded to buy more, but I think these core coverages are enough. Don’t forget the vehicle and vessel tax is often included in the insurance policy—getting it wrong might lead to fines. In short, don’t cut corners; insurance is for your peace of mind, especially when you’re nervous driving for the first time. Having coverage makes you feel more secure.

[StSebastian]

As a car owner who frequently changes vehicles, I'm used to budgeting carefully for insurance: compulsory traffic insurance is a must and can't be saved on; for commercial insurance, I only opt for essential main coverages, like third-party liability insurance with 2 million coverage—affordable and safe. Comprehensive insurance depends on the car's value; it's unnecessary for older cars, saving a chunk. Theft insurance is worth considering if parking in remote areas, but generally not needed in residential communities. Remember to add the no-deductible clause to avoid out-of-pocket expenses after a claim. Don't get talked into buying add-ons like scratch insurance by salespeople—it's useless. I recommend comparing quotes from multiple insurers; discounts are often available online, making it easy to sort. Saving money is one thing, but don't skimp where it counts to guard against major risks.

[KadenFitz]

With kids and elderly in my family often riding in the car, I prioritize comprehensive coverage when purchasing auto insurance. Compulsory traffic insurance is the basic requirement; for commercial insurance, I opt for a full set: vehicle damage insurance to protect my own car, third-party liability insurance with 3 million coverage to handle potentially high compensation claims, plus passenger liability insurance to safeguard my family in case of injuries. For new cars, adding glass or scratch insurance is cost-effective, as it saves on repair costs for accidental bumps. Although the premiums are higher, it provides peace of mind in case of accidents. I recommend reassessing risks annually when renewing policies—never compromise safety to save money. At its core, insurance is about buying peace of mind, ensuring worry-free family trips.

[AsherMarie]

From a risk control perspective, purchasing insurance after buying a car is a rational choice: Compulsory traffic insurance provides mandatory coverage for third-party personal injury and must be renewed on time; for commercial insurance, comprehensive coverage is recommended for newly registered vehicles to avoid repair burdens; third-party liability insurance should start at 1 million yuan and be adjusted based on financial conditions. Other options like theft insurance depend on parking security assessments; water damage insurance is practical in rainy regions; and spontaneous combustion insurance is useful for electric or older vehicles. Avoid blindly opting for full coverage—consult a professional advisor to tailor a plan that optimizes costs and prevents overlapping coverage. The key is to match coverage with daily driving habits for the most hassle-free experience.

[SanDylan]

After driving for over a decade and experiencing a few accidents, I've concluded: Never skimp on compulsory traffic insurance when buying a car—that's the bare minimum. For commercial insurance, opt for third-party liability coverage of 1 million, vehicle damage insurance, and theft insurance to secure core protections. I remember that time when I scraped my car and repairs cost thousands—thankfully, the vehicle damage insurance covered it all without me paying a cent. Adding a 'cannot find third party' insurance helps avoid liability disputes. Load up on more coverage during the new car phase, then streamline as the car ages. The lesson? Trying to save money upfront often leads to higher costs later. Insurance is like a safety net—when trouble hits, you stay calm and collected. Totally worth it.