What types of insurance can be purchased for a car?
2 Answers
Generally, the following types of insurance can be purchased for a car: Compulsory Traffic Accident Liability Insurance: Compulsory Traffic Accident Liability Insurance is a mandatory insurance that must be purchased before registering the vehicle at the DMV. It must be paid on time. Third-Party Liability Insurance: Third-Party Liability Insurance serves as an effective supplement to Compulsory Traffic Accident Liability Insurance, as the latter has limited and relatively low coverage. Third-Party Liability Insurance offers more comprehensive protection. Vehicle Damage Insurance: Vehicle Damage Insurance provides compensation for damage to your own vehicle. The premium for this insurance is closely related to the purchase price of the vehicle and the number of seats. Generally, the higher the vehicle price, the higher the premium. Spontaneous Combustion Loss Insurance: Spontaneous Combustion Loss Insurance mainly covers liability for vehicle damage caused by aging circuits or fuel supply issues. In the event of accidental fire, insurance compensation can be claimed.
As a new mom who just gave birth, I believe car insurance must consider the safety of the whole family. The most basic is compulsory traffic insurance, which is a legal requirement to purchase and cannot be skipped as it covers compensation for others' losses. Then there’s third-party liability insurance under commercial insurance—it’s advisable to get coverage of at least 1.5 million, so you won’t worry about being unable to afford compensation if you hit a luxury car or a pedestrian. Vehicle damage insurance is also crucial, as it covers repairs for your own car, such as scratches or collisions, preventing financial strain after an accident. Don’t overlook passenger liability insurance, which protects against accidental injuries to passengers, especially when traveling with kids—it offers peace of mind. Adding glass insurance is wise to guard against cracks from highway debris. If you have a new car or expensive modifications, theft insurance adds extra security. Every year at renewal, I ask my husband to compare quotes from multiple insurers—online platforms can save hundreds, and choosing lower deductibles is smart, but never compromise coverage for cheap premiums. Remember: drive safely, treat insurance as a backup, not a crutch. With full coverage, you’ll feel at ease, but safety always comes first.
