Which Types of Car Insurance Should You Purchase in 2021?

[DiReid]

The following are recommended car insurance types to purchase: 1. Special Insurance for Non-Deductible: This type of car insurance has specific regulations and includes an absolute deductible rate. In the event of an accident where the car owner is fully responsible, the highest deductible rate is 20%. 2. Vehicle Damage Insurance: Vehicle damage insurance compensates the policyholder. If your car is involved in an accident, the losses can be compensated by the insurance company through this insurance. After purchasing this insurance, the car owner does not need to bear the cost of repairs, making it a crucial insurance for the vehicle itself. Vehicle damage insurance covers accidental traffic incidents within its compensation scope. 3. Third-Party Liability Insurance: In the event of a traffic accident where you are primarily at fault, third-party liability insurance is very important. 4. Compulsory Traffic Insurance: According to China's traffic regulations, every car must pay an annual fee for compulsory traffic insurance. If you are caught driving without this insurance, you will face penalty points and fines. After purchasing compulsory traffic insurance, you will receive an insurance label that must be affixed to the car's front windshield. Failure to display this label will result in penalty points and fines.