What types of insurance should I buy for my car?
2 Answers
When purchasing car insurance, the following types are mainly considered: 1. Compulsory Traffic Insurance: This is a mandatory insurance for both new and used cars. 2. Commercial Insurance: Depending on the condition of the car, commercial insurance typically includes Third-Party Liability Insurance, Vehicle Damage Insurance, Motor Vehicle Insurance (commonly referred to as Car Insurance), and No-Deductible Special Coverage. Among these, Motor Vehicle Insurance is a type of commercial insurance that covers liability for personal injuries or property damage caused by natural disasters or accidents involving the vehicle.
When I first got my driver's license, I was worried about accidents on the road, so I chose several types of insurance for my beloved car: compulsory traffic insurance is mandatory by the state, covering basic compensation in case of accidents; third-party liability insurance is particularly crucial, and I set the coverage amount higher—just in case I accidentally hit someone else's car or a pedestrian, it can help cover the costs and prevent emptying my wallet; I also opted for vehicle damage insurance since new cars are prone to minor bumps and scratches, and repairs can be expensive. Adding a no-deductible clause gives me extra peace of mind, reducing the amount I have to pay out of pocket. I also considered that I usually drive on suburban roads with relatively low risk, so I skipped theft insurance to save some budget. Overall, as a new driver, prioritizing these three types of insurance—investing a little money to prevent big troubles—and comparing prices from several insurance companies to choose the most cost-effective option can make driving life a bit easier.
