Why Should You Buy Commercial Insurance When Purchasing a Car?
2 Answers
Commercial insurance compensates based on the degree of liability, while compulsory traffic insurance compensates based on whether there is liability or not. Below is an introduction to the relevant content of purchasing insurance: 1. Purchasing Methods: Car insurance can be reasonably purchased according to the owner's needs, either at a 4S shop or elsewhere. 2. Buying a Car on Loan: Generally, when buying a car on loan, insurance must be purchased at the dealership, and a certain renewal deposit will also be charged. 3. Compulsory Traffic Insurance: This is a mandatory insurance in China, and all vehicles must purchase this type of insurance. 4. Insurance Items: If the vehicle involved in an accident has participated in the compulsory third-party liability insurance for motor vehicles, the insurance company will pay the rescue expenses within the liability limit.
As an average car owner, I also thought commercial insurance was unnecessary when I first bought my car. But after a minor accident in the first year, I ended up paying over ten thousand yuan for repairs myself. Compulsory insurance only covers a tiny portion, and in case of a major incident, you’d have to shoulder the burden yourself. Commercial insurance like vehicle damage insurance and third-party liability insurance can cover high compensation costs and vehicle losses, saving you a lot of money. For example, my friend was rear-ended by someone without commercial insurance and almost had to go to court. That’s why I now opt for comprehensive coverage—investing in protection brings peace of mind. On the road, accidents are unpredictable, and a single incident could wipe you out financially. Having commercial insurance is like having a safety net, far more cost-effective than saving money for risks. I strongly advise new drivers not to skimp on these premiums.
