Which types of car insurance should I purchase?
3 Answers
Car insurance is divided into compulsory insurance and commercial insurance. Compulsory insurance refers to the mandatory traffic accident liability insurance that everyone must purchase, as it is legally required for vehicles to be on the road. Since the coverage of compulsory insurance is limited, it is recommended to purchase the following types of commercial insurance: 1. Third-party liability insurance: Covers compensation for the other party's injuries, deaths, and property losses. This insurance functions similarly to compulsory insurance but offers higher optional coverage limits, ranging from 50,000 yuan to 2 million yuan. 2. Vehicle damage insurance: Covers the costs of repairing your own vehicle due to collisions or damage caused by natural disasters. 3. Passenger liability insurance: Divided by seats, it includes coverage for the driver's seat and passenger seats, with coverage amounts ranging from 10,000 yuan to 50,000 yuan, ensuring the safety of passengers inside the vehicle. 4. No-deductible insurance: Covers the 5% to 20% deductible rate based on the driver's degree of fault in the accident. Only by purchasing this insurance can you receive full compensation.
As a regular car owner who just bought a vehicle, I find car insurance quite a headache. Simply put, I believe it's essential to at least purchase compulsory traffic insurance (CTI) and third-party liability insurance. CTI is mandatory—without it, you can barely drive legally. It mainly covers basic compensation for road accidents. Third-party liability insurance protects against major losses when hitting someone else's car or person, like colliding with a luxury vehicle—those costs are no joke. Additionally, vehicle damage insurance is worth considering, as it covers repairs for your own car in case of an accident. If I often park on the street or drive at night, I'd add theft insurance and passenger liability insurance to protect against car theft or injuries to family members. Remember, premiums depend on the car's value and age. I check for insurer discounts yearly, and driving safely can lower costs. Don’t skimp on this—safety comes first! Insurance gives me peace of mind, ensuring I won’t go bankrupt after an accident.
As a father with children, I always think about protecting my family when choosing car insurance. Compulsory traffic insurance is a must—it's the basic coverage that ensures minor scrapes won't turn into big issues. But I strongly recommend opting for higher coverage on third-party liability insurance, like over 1 million yuan, so medical expenses are covered in case of an accident involving others. Vehicle damage insurance is also essential for hassle-free repairs to your own car. Passenger liability insurance is particularly important—it covers medical expenses for me and my passengers, ensuring my child is protected in case of an accident while seated in the back. Additional coverage like glass insurance and zero deductible can also be useful—don’t overlook them. I also regularly review my policy, adjusting coverage types as the car ages for better value. Driving within speed limits can even help reduce premiums. In short, insurance is a safety net—don’t skimp on necessary coverage just to save money. Family safety should always come first.
