What types of insurance should a car generally purchase?
3 Answers
Car insurance types that need to be purchased are as follows: 1. Compulsory Traffic Insurance: Specifically, compulsory traffic insurance is a mandatory type of insurance required by the state, and without it, the car cannot legally be driven on the road. 2. Third-party Liability Insurance: Third-party liability insurance is commonly referred to as "third-party insurance." It covers the economic compensation the car owner provides to a third party for personal and property damage caused by a car accident. 3. Vehicle Damage Insurance: This covers the part 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 yuan. Vehicle damage insurance is used to cover the loss of your own car. 4. No-deductible Special Insurance: If an accident occurs between two cars and the other party does not have insurance, making it impossible to obtain legal support for a claim against them, having your own vehicle insured with vehicle damage insurance can ensure compensation from the insurance company. No-deductible special insurance specifically covers the deductible part of car insurance. Car insurance clauses usually set a 20% deductible rate. If the vehicle is completely damaged in an accident and cannot be repaired, purchasing no-deductible special insurance ensures full compensation from the insurance company for the vehicle loss. Without this insurance, the insurance company will only compensate 80% of the vehicle's value.
Having driven for over a decade, I believe insurance is a major aspect of car ownership. Compulsory insurance is a must—without it, you can't legally drive, and everyone must comply. I strongly recommend third-party liability insurance; if you accidentally hit another car or a pedestrian, it helps cover the costs, avoiding major headaches. Vehicle damage insurance is also crucial—if your car gets damaged, repairs are covered, saving you a lot of hassle. Glass breakage insurance doesn’t cost much, and if your windshield or windows shatter, a quick replacement solves the problem. Theft insurance depends on your location—it’s a smart choice for urban parking to stay worry-free. Water damage insurance is ideal for rainy regions, providing extra safety during monsoon seasons. In short, insurance is about preparing for the unexpected—safety comes first, so don’t skimp on small savings and take on big risks.
When I first got my driver's license, friends advised me to save money on insurance. Compulsory insurance is a non-negotiable requirement, a must-have. For third-party liability insurance, I opted for the basic coverage, which is sufficient to cover damages from hitting people or objects. As for vehicle damage insurance, it's worth considering for new cars, but can be skipped for older ones to save money. Whether to add glass insurance depends on personal preference—if it breaks, the cost isn't high enough to worry about paying out of pocket. If you usually park in safe areas, theft insurance might not be necessary. The key is to compare prices from several insurance companies to find the best value, saving a few hundred bucks for other good uses.
