Which types of car insurance are better to buy?

1 Answers
KalebRose
07/30/25 5:37am
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.
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