How much is it to buy only compulsory insurance

How much is it to buy only compulsory insurance

traffic insurance

I've heard that there are a lot of people like me who only buy compulsory insurance every year?

The compulsory insurance for automobiles is generally money $950 bucks and is very necessary to pay.

The cost of compulsory insurance for an automobile is between $950 and $4,480, with the large price difference being due to the difference in the type of vehicle. The compulsory insurance is usually purchased together with the car tax. Auto commercial insurance can be purchased according to your needs, but it is still recommended.

The compulsory insurance and car tax is the state must pay every year, many of the pursuit of cost-effective premiums for older drivers is clear, do not pay at all, on the purchase of compulsory insurance and car insurance is allowed to go on the road. However, in all fairness, the amount of compulsory insurance is too low, in a culpable traffic accident, medical expenses only 18,000, death and disability is 180,000 yuan, property damage is 2,000 yuan, in fact, is far from enough.

First and second-tier cities of traffic accidents caused by disability and death, especially death, less than 1 million, more than 1.5 million, simply can not afford to pay, or need to rely on the commercial third party to supplement, supplement the amount of 1 million to 2 million. As for car damage insurance is to compensate for their own cars, traffic accidents repair costs, the general average car million is needed. No car insurance are to pay out of pocket.

Auto commercial insurance is actually motor vehicle commercial insurance. Motor vehicle commercial insurance, is the owner of the vehicle insured by the state mandatory compulsory insurance of motor vehicles, and voluntarily insured commercial insurance company's automobile insurance. Auto commercial insurance generally has vehicle damage insurance, third-party liability insurance, theft insurance, vehicle liability insurance.

Vehicle and vessel tax is a tax payable by the owner or manager of a vehicle or vessel in the People's Republic of China in accordance with the Vehicle and Vessel Tax Law of the People's Republic of China.

The full name of compulsory traffic insurance is "Compulsory Insurance for Motor Vehicle Traffic Accident Liability", which is a mandatory liability insurance for the insured motor vehicle to compensate for personal injury or death and property damage caused by road traffic accidents, within the liability limit of the insured motor vehicle (excluding the personnel of the vehicle and the insured person).

Compulsory insurance is the first compulsory insurance system in China, which is stipulated by national law. Its premium is a national standardized charge, unified by the state, but the price of compulsory insurance is different for different car models, and the main factor is the number of seats in the car.

The first year: 5 seats 950 yuan, 6-8 seats 1,100 yuan Second year: 855 yuan, 990 yuan Third year: 760 yuan, 880 yuan Fourth year: 665 yuan, 770 yuan Fifth year: 665 yuan, 770 yuan Above the premiums, with the insurance, de-insurance, the transfer of the relationship between any of these changes, so the premiums will also change.