Which insurances should be purchased for a family car?
3 Answers
Generally, the following types of insurance can be purchased for a car: 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 to be paid on time. Third-Party Liability Insurance: Third-Party Liability Insurance serves as an effective supplement to the Compulsory Traffic Accident Liability Insurance, as the latter has limited and relatively low coverage. Third-Party Liability Insurance provides more comprehensive protection. Vehicle Damage Insurance: Vehicle Damage Insurance covers compensation for damage to your own vehicle. The premium for this insurance is closely related to 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 mainly covers compensation for spontaneous combustion caused by aging circuits or fuel supply issues. In the event of an accidental fire, you can apply for insurance compensation.
As the main cook at home, I often think about what insurance to buy for the family car. The most basic compulsory traffic insurance is legally required—don’t skip it, or you won’t pass the annual inspection. Third-party liability insurance is a must! Get at least 1 million in coverage to minimize the risk of financial ruin if you hit someone’s luxury car or cause injuries. My family once had a minor scrape, and thankfully, the high coverage made it no big deal. Vehicle damage insurance is also essential, especially for new cars, as repairs can be costly. Don’t overlook passenger liability insurance—it covers medical expenses if something happens while traveling with kids. I also added no-deductible coverage for peace of mind, sparing the headache of out-of-pocket costs. If the budget is tight, prioritize these three or four items—safety first is the golden rule.
As a budget-conscious parent, I prioritize cost-effectiveness when choosing insurance for our family car. Compulsory traffic insurance is a must-have and cannot be skipped. Third-party liability insurance offers the best value, with a recommended coverage starting at 500,000 yuan to cover minor accidents. Comprehensive coverage depends on the car's condition—opt for it if the car is new, but older cars can skip it to save. Don't overlook passenger liability insurance; it's worth the cost to ensure your child's safety during family trips. I find full theft coverage unnecessary unless you live in a high-risk area. Adding a no-deductible clause is essential—it eliminates deductible hassles and is affordable. Consider adding water damage or glass coverage based on your situation; for example, we skipped it in the north where there's little rain or snow in winter. Always compare prices when selecting insurance, as official websites often offer discounts.
