Which types of car insurance are better to buy?
4 Answers
Here are some must-have insurances for cars: 1. Compulsory Traffic Accident Liability Insurance: First is the compulsory traffic accident liability insurance. This is a mandatory insurance that every motor vehicle must purchase. It provides compensation by the insurance company for losses and casualties caused by traffic accidents involving the insured vehicle. This must be purchased and cannot be arbitrarily canceled. Once canceled, it is illegal. 2. Vehicle Damage Insurance: Vehicle damage insurance refers to compensation provided by the insurer according to the contract when the insured vehicle suffers damage due to natural disasters or accidents within the scope of insurance liability. However, natural disasters here include earthquakes. 3. Third-Party Liability Insurance: This insurance is referred to as 'third-party insurance' for short. It means that if the car owner or an authorized qualified driver causes a traffic accident during the use of the vehicle, resulting in injury to a third party or damage to property, the insurance company will provide compensation. The limit of this insurance is chosen by the car owner, i.e., the insured. 4. Passenger Liability Insurance: This insurance is also known as 'seat insurance' or 'passenger insurance', responsible for compensating injuries to specified seat occupants caused by the vehicle. The car owner can set compensation limits for each seat as needed. This insurance is equivalent to accidental injury insurance.
When I first bought a car, I was completely clueless and only heard that I needed to buy insurance. Later, I learned a lot from friends: first, there's compulsory traffic insurance, which is required by law—you can't drive without it. Third-party liability insurance is also crucial, with coverage of at least 1 million yuan, so you won't have to worry about compensation if you hit a luxury car. I think vehicle damage insurance is worth it, especially for new cars—minor scratches can cost thousands to repair, and having this coverage gives peace of mind. Personally, I don’t recommend comprehensive insurance; it’s too expensive and unnecessary. If you're on a tight budget, start with these three. Also, check the reputation of insurance companies—how quickly they handle claims. In short, choose based on your own situation and don’t blindly follow trends. After driving for a few years, I found that buying insurance as needed is the most cost-effective, saving money for gas is more practical.
As a parent who drives my kids to and from school every day, I prioritize family safety when it comes to car insurance. Compulsory traffic insurance is the legal minimum and must be purchased. I opted for third-party liability insurance with a high coverage of 2 million to prepare for accident compensation. Vehicle damage insurance is essential—kids can be rowdy in the car, and repairing body damage is a hassle. I strongly recommend passenger liability insurance to protect myself and my passengers. Don’t overlook your driving habits—since we often drive on highways, I added glass insurance to guard against flying stones. Remember to compare quotes when buying and choose a reputable company for reliable service. If your budget allows, safety should always come before saving money. I review my policy every year to ensure everything is in place.
Driving for 20 years with ample insurance experience. The foundation of compulsory traffic insurance remains unshaken. Third-party liability coverage starts at 1.5 million, especially crucial for urban driving with frequent accidents. Choose vehicle damage insurance based on the car's age—only new cars are worth the extra coverage. Pay attention to regional risks; for instance, theft insurance is effective in high-theft areas. Glass or water damage insurance occasionally proves useful. Core principle: Avoid over-insurance, embrace pragmatism to save costs. Select companies with good service for hassle-free claims. Simplify insurance for an easier life.
