Will there be any impact if the compulsory traffic insurance lapses for one month?
3 Answers
Yes, there will be an impact. Driving is not allowed even if the insurance lapses for just one day. According to the "Road Traffic Safety Law," a warning or a fine ranging from 20 to 200 yuan may be imposed. Article 95 stipulates: If a motor vehicle driven on the road does not display the inspection qualification mark or insurance mark, or if the driver does not carry the vehicle license or driving license, the traffic management department of the public security organ shall detain the motor vehicle and notify the party to provide the corresponding license, mark, or complete the necessary procedures. Compulsory Traffic Insurance for Automobiles: The full name of compulsory traffic insurance is "Compulsory Liability Insurance for Motor Vehicle Traffic Accidents." It is a mandatory liability insurance where the insurance company compensates for personal injuries, deaths, and property losses of victims (excluding vehicle occupants and the insured) caused by road traffic accidents within the liability limits. The premium is based on the nationally unified standard rates. However, the price of compulsory traffic insurance varies for different vehicle types, mainly influenced by the number of car seats. Compared to the more than 20 exemption clauses in commercial third-party insurance, the compulsory traffic insurance covers a much broader range, including losses caused by intentional acts of the victim, the insured's own property losses, related arbitration and litigation costs, and some indirect losses caused by accidents. Moreover, regardless of whether the insured vehicle is at fault in the accident, compulsory traffic insurance will compensate within the liability limits, with no deductible or exemption. Introduction to Electronic Insurance Policies An electronic insurance policy refers to a digital policy issued by an insurance company with its electronic signature, using digital signature software and enterprise digital certificates that comply with the PKI system. An insurance policy, abbreviated as a policy, is the official written proof of the insurance contract between the insurer and the insured. The policy must fully record the rights, obligations, and responsibilities of both parties to the insurance contract. The content recorded in the policy serves as the basis for both parties to fulfill the contract. The policy is proof of the establishment of the insurance contract. Advantages of Electronic Insurance Policies: Saves paper resources, eliminating the need to print insurance proof marks; Time-saving and convenient, not restricted by time or location, with information universally accessible online anytime, quick and easy; Can apply for reissuance or resending, no need to worry about losing it. If a paper version is needed offline, it can also be printed or mailed; Easy management, with electronic unification making it convenient for insurance companies and traffic police departments to manage the insurance information of various vehicles.
Last time, I didn’t notice that my car’s compulsory traffic insurance had expired for half a month, and it cost me dearly! Now, even a single day without coverage is unacceptable—if caught, the police will impound the car on the spot and require you to pay double the premium as a fine. The worst part is if an accident happens on the road: forget about compensating others, even repairing your own car would drain your wallet. Make sure to renew it this month, or else the insurer might give you a hard time when reinstating the policy. If they consider your lapse too long, your premium could spike. Oh, and in some places, it’s tied to the annual inspection—an uninsured car won’t pass the inspection line. Pro tip: note the insurance date in your phone’s reminders to get a renewal alert a month in advance. Don’t be as careless as I was!
My elderly neighbor didn't understand these rules and kept driving to buy groceries for three months after his insurance expired. One day, he was stopped by traffic police and was dumbfounded. Compulsory traffic insurance is mandatory by the state, and even one day late counts as being uninsured. The fine is a minor issue; the real problem is if an accident happens during this gap period—you're on your own for all compensation, which could easily run into hundreds of thousands! Now, renewing the insurance is also troublesome, as the insurance company requires you to fill out explanations and write a guarantee letter. When making back payments, it's crucial to verify the start date of coverage, which takes effect immediately from the day after the insurance lapsed. Avoid driving for the entire month in between. It's advisable to handle it in advance. There are many channels for renewal—you can even get it done in five minutes through the insurance company's app, much more convenient than queuing up offline.
