Why Should You Purchase Commercial Auto Insurance?

[LeAsher]

Commercial insurance compensates based on the extent of liability, while compulsory traffic insurance compensates based on the presence or absence of liability. Below is an introduction to relevant insurance purchase information: 1. Purchase Methods: Auto insurance can be reasonably purchased according to the owner's needs, either at a 4S dealership or elsewhere. 2. Financing a Car Purchase: Generally, when financing a car purchase, insurance must be bought at the dealership, and a certain renewal deposit may be charged. 3. Compulsory Traffic Insurance: This is a mandatory insurance in China, and all vehicles are required to purchase this type of coverage. 4. Insurance Coverage: If the vehicle involved in an accident is covered by compulsory third-party liability insurance, the insurance company will pay for rescue expenses within the liability limit.

[DiCora]

I believe purchasing commercial auto insurance is mainly about protecting your wallet—don’t underestimate those unexpected incidents on the road. I once experienced a rear-end collision where the repair cost over 8,000 yuan, but thankfully, the vehicle damage coverage in my commercial insurance took care of it, leaving me with just a few hundred yuan in deductible. Without insurance, I’d have had to pay the full amount out of pocket, and if liability coverage hadn’t protected others’ property, the compensation could’ve been even higher. Who can guarantee no minor scrapes while driving daily? Commercial insurance also covers risks like theft—parking on the roadside without worrying about your car being stolen. The annual premium is just a few thousand yuan, breaking down to mere dollars a day for peace of mind. Without it, a major accident could bury you under repair costs and compensations. I’d recommend everyone consider comprehensive coverage.

[VanSerenity]

Commercial insurance is a great helper in avoiding legal liabilities. I often travel with my children, and if I accidentally injure someone, the liability insurance under commercial insurance can cover medical expenses and property damage. A friend of mine learned the hard way—without commercial insurance, he damaged a luxury car and was ordered by the court to pay hundreds of thousands, nearly bankrupting him. Compulsory traffic insurance only covers basic limits, while commercial insurance provides more comprehensive supplementary coverage. It also takes care of repairs for shattered glass or theft, and the premium is much better than borrowing money in an emergency. Driving comes with risks, and buying insurance is like purchasing a safety umbrella for the family, ensuring calmness in emergencies. I think this investment is worthwhile—don't wait until an accident happens to regret being unprepared.

[OFelix]

Simply put, commercial insurance helps save money. Repair costs can be high—my friend's car got scratched, and the insurance company covered almost the entire cost of repainting. Paying out of pocket could easily cost thousands. You can compare premiums annually to find the best deal, and in case of an accident, it saves you even more. Coverage like theft insurance can prevent losses, making it a worthwhile investment overall.