Where to Pay for Car Insurance?
1 Answers
Car insurance can be purchased at 4S stores. When the policy is about to expire in the second year, many insurance companies will call to recommend car insurance, and you can choose a suitable insurance company. There are three mandatory types of insurance for cars: 1. Compulsory Traffic Insurance: This is a mandatory insurance required by domestic law, so all car owners must purchase it. If a car is driven on the road without compulsory traffic insurance, the driver will be penalized with points and fines if caught by traffic police. In severe cases, detention may be imposed as it is an illegal act. 2. Third-Party Liability Insurance: This insurance mainly covers damages caused to another vehicle in an accident while driving, with the compensation fully paid by the insurance company. 3. Vehicle Damage Insurance: This refers to a commercial car insurance where the insurer compensates for damages to the insured vehicle caused by an accident while driving, within reasonable limits.