Is it okay to buy new car insurance with only compulsory insurance?

Is it okay to buy new car insurance with only compulsory insurance?

It's that time of year again to pay for your automobile insurance. Since it's a new car, I paid over six thousand dollars just for insurance when I bought it. This year, my friend said that I should just buy compulsory insurance and pay IQ tax for all other types of insurance. My family wants me to buy full coverage insurance, which includes quite a few types of insurance, but the amount is three times that of compulsory insurance. Which one should I pay? I'm really hesitant ......

Answer New car only buy compulsory insurance can. Because compulsory insurance is mandatory, other car insurance can be purchased according to individual needs. The law is a new car can only buy compulsory insurance, compulsory insurance is mandatory, other can be purchased according to personal needs. Legal basis of the "compulsory insurance regulations" Article 2 in the People's Republic of China on the road traveling motor vehicle owners or managers, should be in accordance with the "People's Republic of China Road Traffic Safety Law" of the provisions of the mandatory insurance of motor vehicle liability for traffic accidents. Article 39 of the Regulations on Compulsory Insurance for Motor Vehicle Traffic Accident Liability, if the owner or manager of a motor vehicle fails to take out compulsory insurance for motor vehicle traffic accident liability in accordance with the regulations, the traffic management department of the public security organs shall detain the motor vehicle, notify the owner or manager of the motor vehicle to take out insurance in accordance with the regulations, and impose a fine of two times the amount of the premiums that should be paid for the minimum liability limit of the insurance in accordance with the regulations.