What types of insurance should a regular car purchase?
2 Answers
Generally, a car should purchase compulsory traffic insurance, vehicle damage insurance, third-party liability insurance, and no-deductible insurance. Auto insurance is mainly divided into two categories: compulsory traffic insurance and commercial auto insurance. Compulsory traffic insurance is a mandatory requirement by the state, while commercial insurance can be chosen based on the owner's needs. Compulsory traffic insurance is a mandatory insurance required by the state, which is provided by insurance companies to compensate for personal injuries, deaths, and property losses of victims caused by road traffic accidents involving the insured vehicle within the liability limits, but does not include the vehicle's occupants and the insured. If compulsory traffic insurance is not purchased, the vehicle cannot be registered, transferred, or undergo annual inspections. If caught, the vehicle may also be impounded.
When it comes to car insurance, I've been driving for over a decade and I feel the first thing you can't skimp on is compulsory traffic insurance—it's mandatory by the state, and you can't hit the road without it. Additionally, third-party liability insurance is a must, with a recommended coverage of at least 500,000 yuan. If you accidentally hit another vehicle or a pedestrian, it can help cover the hefty compensation. Vehicle damage insurance is also very practical, especially for new cars, as it eases the pain of repair costs. Adding theft insurance gives you peace of mind when parking on the street. I also recommend standalone glass breakage insurance—it's common for stones to crack windshields on highways. The no-deductible insurance is also important, as it means you won’t pay out of pocket for minor incidents. Overall, don’t just go for the cheapest option—safety comes first. When choosing insurance, consider your car model and city risks, and compare prices carefully.
