Which Four Types of Car Insurance Should You Buy?

[VonAmelia]

Here are the four essential types of car insurance you must purchase: 1. Compulsory Traffic Insurance: This insurance is mandatory—you cannot drive without it. It ensures that the insurance company compensates the victim according to the contract in case of an accident. Note that the victim does not include the policyholder or passengers inside the vehicle. 2. Passenger Liability Insurance: Since passengers are often present in the car, this insurance ensures compensation from the insurance company in case of an accident. 3. Third-Party Liability Insurance: This covers damages involving a third party (other than the car owner and the insurance company). Accidents where the owner hits another driver are unavoidable, and this insurance helps the company bear part of the compensation, reducing the owner's financial burden. 4. No-Deductible Additional Insurance: Normally, insurance companies have a deductible rate where they don’t cover a portion of the claim, requiring the owner to pay out of pocket. With this insurance, the company covers the full compensation.

[LaJude]

Having driven for over a decade, I truly believe car insurance is not something to take lightly. Compulsory traffic insurance is mandatory – it's required by law to drive on the road. Third-party liability insurance is particularly crucial, with a recommended coverage starting at 2 million yuan. Nowadays, cities are filled with luxury cars and pedestrians, and you wouldn't want to be stuck unable to pay if an accident happens. Vehicle damage insurance is also a must – it saves a lot on repairs, especially for new cars where even a scratch hurts. Lastly, I recommend getting passenger insurance to protect those in your car, since family and friends often ride with you. These four coverages form a solid foundation, and the no-deductible option is now included in vehicle damage insurance, making it hassle-free. Last year, this exact combination covered me in an accident without costing me a penny.

[MacHarley]

Young car owners, let's share some experience. Compulsory traffic insurance is a mandatory expense you can't avoid, and it has to be paid every year without fail. I opted for 1.5 million coverage for third-party liability insurance—driving in big cities comes with higher risks, so sufficient coverage brings peace of mind. As for vehicle damage insurance, it largely depends on the car's condition. Since my car is only two years old, I didn’t hesitate to buy it, but for a decade-old car, it might not be worth it. Passenger liability insurance is quite practical, especially when taking friends on weekend road trips—this coverage is a must. These four premiums add up to a few thousand yuan, but they can save you tens of thousands in repair costs in case of an accident. Oh, and don’t forget about the non-medical insurance add-on—for just a few dozen yuan, it covers out-of-pocket medication expenses. Worth considering!

[AdalynnFitz]

With children and elderly at home, I prioritize safety when purchasing car insurance. Compulsory traffic insurance is the basic requirement and a must-have. Third-party liability insurance covers 2 million to mitigate the financial pressure from injury accidents. Vehicle damage insurance protects my own car, covering daily scratches and repairs. What I value most is the passenger liability insurance, with all seats insured—it gives me peace of mind when traveling with kids. This four-insurance combo offers comprehensive coverage, and the daily premium cost is just about a cup of milk tea. When buying insurance, I recommend focusing on the rescue service terms—they can be a lifesaver during breakdowns.

[StKatherine]

For daily commuting in the city with constant traffic jams, I've summarized a practical four-insurance configuration. Compulsory traffic insurance is a must, so no need to elaborate. For third-party liability insurance, directly opt for 3 million coverage—during rush hours, with electric vehicles darting around and many pedestrians, high coverage is essential. Vehicle damage insurance is a must-have, as minor scratches and bumps are all too common for new drivers. Passenger liability insurance covering just the driver is sufficient, since I mostly drive alone. These four coverages basically cover daily risks, with an additional recommendation to add a 'cannot find third-party' special clause, which comes in handy when your car gets scratched in a parking lot and the culprit can't be found. Remember to check the policy details before renewing each year.

[OJaxon]

I thoroughly researched car insurance when I first got my new car. Compulsory traffic insurance is a basic must-have. I opted for 2 million in third-party liability coverage due to complex road conditions and concerns about hitting others. Vehicle damage insurance is the most crucial – repairs at 4S shops for new car scratches are extremely expensive, so I got it for peace of mind. I also purchased passenger insurance for all seats, making weekend drives with friends more reassuring. These four core insurances strike a balance between economy and practicality. For my new car, I additionally bought scratch and glass coverage since maintaining original factory paint isn't easy. I recommend purchasing the first year's insurance at the 4S shop – though slightly more expensive, the process is convenient and efficient.