Which insurance company should I buy motorcycle insurance from?
1 Answers
Motorcycle insurance can be purchased from major insurance companies such as China Life Insurance and Ping An Insurance, as long as the insurance company offers motor vehicle insurance business. Below is an introduction to the relevant content: 1. Compulsory Insurance: To ensure the implementation of the compulsory insurance system for motor vehicle traffic accident liability, the State Council's insurance regulatory authority has the right to require insurance companies to engage in compulsory insurance business for motor vehicle traffic accident liability. Without the approval of the State Council's insurance regulatory authority, no unit or individual may operate compulsory insurance business for motor vehicle traffic accident liability. 2. Insurance Regulations: Article 6 stipulates that compulsory liability insurance for motor vehicle traffic accidents applies unified insurance clauses and basic premium rates. The State Council's insurance regulatory authority determines the premium rates based on the principle that compulsory insurance business for motor vehicle traffic accident liability generally does not make a profit. When approving premium rates, the State Council's insurance regulatory authority may engage relevant professional institutions for evaluation and may hold public hearings to solicit public opinion.
