What types of insurance should generally be purchased for a sedan?

[DeClara]

There are several types of insurance that a car needs to purchase: 1. Compulsory Traffic Accident Liability Insurance (CTPL): CTPL is a mandatory insurance in China. It provides compensation to the party hit in the event of an accident, but the compensation amount is very limited. Generally, the total limit is 122,000 yuan, which is far from sufficient for major accidents. 2. Third-party Commercial Liability Insurance: This insurance is a supplement to CTPL and also compensates others in the event of an accident. The third-party insurance can cover the part that exceeds the CTPL limit, so car owners can purchase both CTPL and third-party insurance at the same time, which also solves the worries in case of a major accident. 3. Vehicle Damage Insurance: Both CTPL and third-party insurance are used to compensate the other party, while vehicle damage insurance is used to protect oneself. It is a type of insurance needed when the vehicle is involved in an accident.

[VonGabriel]

I figured it out in my first year of car ownership, these are the essentials you should buy: Compulsory traffic insurance is mandatory by the state, you can't even get a license plate without it. Comprehensive insurance is recommended for new cars, as scratches and dents can be expensive to repair. Third-party liability insurance should cover at least 2 million these days, with so many luxury cars on the road you can't afford not to. Seat insurance is quite cost-effective at just a few dozen per person, providing coverage for friends riding in your car. It's best to add the no-deductible option, otherwise the insurance company only covers 80% and you'll have to pay the rest. Scratch insurance depends on your needs, get it if you park in rough environments. Premiums are directly tied to the vehicle's price, so expensive cars naturally have higher insurance costs. I always get quotes from several providers before renewing each year, saving me a few hundred bucks.

[MaryAnn]

From my experience, car insurance is divided into two categories: compulsory traffic insurance and commercial insurance. Compulsory insurance is mandatory and the price is uniform nationwide. For commercial insurance, vehicle damage insurance covers your own car repairs, which is especially necessary for novice drivers. I recommend not skimping on third-party liability coverage—starting at 2 million to feel secure. Seat insurance should be purchased based on the number of passengers, and extra attention is needed if you have elderly or children in the family. Glass insurance is suitable for those who frequently drive on highways, as replacing a windshield due to a stone crack costs at least 2,000 yuan. Water damage insurance is essential in rainy southern regions. Premiums are linked to claims history—I got a 40% discount for being claim-free for three consecutive years. When choosing an insurance company, remember to check the number of service outlets; convenient claims processing in small cities is the most important factor.

[SanEzra]

There are mainly four types: Compulsory Traffic Insurance is mandatory, fixed at 950 yuan annually. Third-party liability insurance covers others' losses, with 2 million being the mainstream coverage now. Vehicle damage insurance covers your own repair costs, which both new and old cars should have. Seat insurance covers medical expenses, costing just tens of yuan to insure five people, which is quite cost-effective. Others like scratch and glass insurance can be chosen as needed, not all vehicles require them. Insurance companies offer various packages, don't be swayed by salespeople into buying unnecessary coverage. My premium decreases based on vehicle depreciation; a five-year-old car is 30% cheaper than a new one.