Which types of car insurance are reasonable to purchase?
3 Answers
In addition to the compulsory traffic insurance, which is mandatory by the state, it is also advisable to purchase third-party liability insurance, vehicle damage insurance, theft insurance, and passenger liability insurance. Among these, third-party liability insurance and vehicle damage insurance provide significant benefits to car owners. In the event of an accident causing losses to a third party, the car owner can receive corresponding compensation. Furthermore, if the parking environment is not ideal, theft insurance can be purchased. For car owners who frequently travel, passenger liability insurance is recommended. Currently, some insurance companies have listed vehicle damage insurance and third-party liability insurance as must-have policies. These insurances cover basic protection for vehicle damage and losses caused to third parties.
I think the key to buying car insurance is affordability. As a budget-conscious person like me, I usually prioritize compulsory traffic insurance, which is mandatory by law and cannot be skipped. But this alone isn't enough—adding third-party liability insurance is essential, with a coverage amount that's neither too high nor too low, around one million yuan is just right. This way, if I accidentally scratch someone else's car or injure someone, I won't go bankrupt. Vehicle damage insurance is also worth buying, as it makes repairs easier in case of an accident involving my own car. However, I tend to skip theft insurance or no-deductible coverage, especially when parking in relatively safe urban areas, as these can easily add unnecessary costs. Remember, regular vehicle inspections can reduce accident risks, saving money and providing peace of mind. In short, the simpler the insurance package, the better—so you won't panic when something actually happens.
As an ordinary person traveling with family, my recommendations prioritize safety. Compulsory traffic insurance is the foundation, but I would increase the third-party liability coverage to over 1.5 million to protect against potential harm to others in case of an accident. Vehicle damage insurance is essential to cover repair costs for your own car. Passenger liability insurance is a key consideration to safeguard the safety of children and elderly in the car. No-deductible insurance is also practical, ensuring no out-of-pocket expenses during claims. If you park in remote areas, theft insurance is also recommended. Additionally, I advise installing a high-quality dashcam to guard against fraud risks. Just balance safety with your budget.
