The insurance that you have to buy when you buy a new car consists mainly of risk insuranceVehicle lossesI don't knowThird-party liability insuranceAnd the need-to-know combination of liability insurance, liability insurance for personnel on board, etcAdditional riskKind of. Among them, the insurance premium is universal for uninsured vehicles, whose first-year premium is $950 for up to six families, mainly to cover the personal injury and damage to property of third parties in traffic accidents; the insurance risk, which is the core commercial risk for safeguarding the vehicle's own losses, covers a variety of risks, such as collisions, water access, self-flammation, etc., particularly for vehicles with higher maintenance costs such as new vehicles; and the third-party liability insurance, which is an important supplement to the risk risk exposure, with a recommended premium of between 1 million and 2 million, which can be paid in the event of an accident for third-party losses that exceed the maximum risk limit and avoid significant economic pressure on the owner. In addition, the elimination of the 5-20 per cent exemption for insurance companies and full compensation for the owners of the vehicles, as well as the protection of the physical safety of the occupants of the vehicles by means of liability insurance, are additional risks that can be adapted to the actual needs and are combined to create a comprehensive system of vehicle security。
In the case of new vehicles, the coverage of vehicle loss and damage insurance was significantly expanded after the 2020 vehicle risk reform, with glass break-ups, self-fire risk, water risk insurance, etc. That would otherwise have to be purchased separately being included in the primary risk liability without additional payment. This means that, regardless of whether the vehicle has been hit by heavy rain, damage to glass by a high-altitude crash or self-burning as a result of the ageing of the circuits, it will be compensated for the loss of the vehicle, which is particularly suitable for urban commuters or new car owners who are often parked outdoors. Its premium, which is directly linked to the purchase price of the vehicle, is approximately $200-2500 for the first year, for example, of $200,000 for domestic vehicles, an input that effectively reduces the unexpected economic stress compared to the cost of vehicle maintenance。
The third-party liability insurance option needs to be combined with the actual use scenario. If the daily routes are mostly urban main roads and commercial-intensive areas, it is proposed to increase the coverage to 2 million or even 3 million. Reference authorities data show that in recent years the average amount of compensation paid for third-party personal injuries and injuries in traffic accidents has exceeded 800,000 yuan, far exceeding the strict death and disability threshold of 180,000, and that full three-person insurance avoids financial distress as a result of an accident. In the case of drivers and passengers, who often carry their families, the risk of liability is essential, covering medical accident, disability and death compensation for drivers and passengers, with an annual premium of us$ 100-200 per seat, in exchange for small expenses in exchange for security of travel for family members。
The choice of additional risk would need to be adapted flexibly to vehicle usage habits. If the new vehicle is parked in an unattended open-air parking area, it is worth considering that third-party special offer insurance (a stop-to-damage risk) is not available, at a cost of only a few dozen dollars, but covers unacknowledged losses such as scratching at night and crashes at high altitude; if the vehicle is equipped with non-inventory equipment such as navigation, baggage racks, the additional equipment loss insurance coverage will cover the cost of repairing the additional parts. It is worth noting that, after the 2020 reform, no liability insurance was automatically included in the vehicle loss insurance and no separate insurance coverage was required, and the owner was no longer required to pay extra for this guarantee。
Taken together, new carInsurance configurationThe principle of “statutory mandatory insurance + core commercial insurance + additional on demand” should be followed. Risk-taking as a fundamental safeguard is not missing, and vehicle losses and triangulation constitute the core of risk protection, while additional insurance is supplemented by individualized requirements such as parking environments and vehicle frequency. A reasonable combination of risk would both avoid unnecessary premium spending and ensure comprehensive security in the event of various contingencies, making travel easier for new vehicles。
