What Types of Insurance Should You Buy for a Small Car?

[LeColton]

For small cars, the following types of insurance are generally recommended: 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 is required by law and must be paid on time. Third-Party Liability Insurance: Third-Party Liability Insurance serves as an effective supplement to the Compulsory Traffic Accident Liability Insurance, which 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 largely determined by 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 primarily covers liability for vehicle damage caused by aging circuits or fuel supply issues. In the event of an accidental fire, you can apply for insurance compensation.