1. Traffic insurance

This is the insurance that the state must buy. If you don't buy it, the traffic police will detain the fine. Insurance pays less, mainly for others, not for your own car.

2. Third liability insurance

Casualties or direct property losses other than drivers and passengers in the accident shall be compensated by the insurance company. The other party's full-liability insurance company can compensate in full. If it is full responsibility, the insurance company has a 20% deductible.

3. Car damage insurance

Car damage insurance is for yourself, especially for beginners, and scratching is inevitable. Buying this kind of insurance can reduce your losses.

4. No deductible insurance.

This kind of insurance is an additional risk. Insurance companies have 5-20% deductibles for many accidents. If you buy deductible insurance, you can avoid these deductibles and get full compensation. If you have personal needs, you can also increase the risk of scratches.

Extended information:

First, there must be risks in insurance. The purpose of establishing insurance system is to deal with the occurrence of specific dangerous accidents. Without risk, there is no insurance. In order to apply the principle of large numbers, the risks that may benefit are not covered by insurance, so commercial insurance institutions generally do not cover such risks.

Two, insurance must give economic compensation for the losses caused by dangerous accidents. The so-called economic compensation means that this kind of compensation is not to restore the destroyed original things, nor to compensate the real things, but to make monetary compensation.

Third, insurance must have mutual assistance. The insurance system is to share losses among many units, thus reducing the losses of the affected units. Through insurance, the insured * * * jointly pays the insurance premium, establishes the insurance compensation fund, and * * * jointly guarantees.

Fourth, the insurance payment must be reasonable. The insurance compensation fund shall be enjoyed by the insured. In order to make everyone's burden fair and reasonable, it is necessary to calculate the contribution scientifically. On a voluntary basis, the legal relationship of commercial insurance is established through the insurance contract voluntarily concluded by the insured and the insurer on the basis of equality, mutual benefit and consensus, while social insurance is enforced according to law.