Insurance for Chinese cars: peculiarities and cost in Russia.

Chinese cars are becoming increasingly popular in Russia thanks to their affordable price and improved quality. However, the question of insurance for Chinese cars remains an issue for many owners. In this article, we will tell you about the peculiarities of obtaining MTPL and CASCO policies, as well as how much insurance for such cars costs.

Why is it important to take out insurance for Chinese cars?

Insurance for Chinese cars is not only a legal requirement, but also a way to protect yourself from financial losses in case of an accident or other unforeseen situations. It is especially important for new owners who are just starting to use cars from China.

In addition, choosing the right insurance policy helps you save money on car maintenance and minimise repair costs. Therefore, it is important to understand the peculiarities of Chinese car insurance in order to choose the best option.

Peculiarities of Chinese car insurance

1. MTPL for Chinese cars

Basic rules and requirements

MTPL is a compulsory policy for all cars, including Chinese cars. Its cost depends on several factors, such as the driver's age, driving experience, region of registration and engine capacity.

• Advantages :
  • Fixed tariffs established by legislation.
  • The possibility of compensation for damages in a road traffic accident.
• Disadvantages :
  • The payout limit may not be sufficient to cover serious damage.

For Chinese cars, the cost of MTPL insurance is usually in the mid-range compared to other brands.

2. CASCO for Chinese cars

What you need to know about voluntary insurance

CASCO is a voluntary policy that covers damage from theft, intentional damage and serious accidents. However, insurance for Chinese cars may cost more due to a number of factors.

• Reasons for the high cost :
  • Underdeveloped breakdown and theft statistics.
  • High risks for insurance companies.
• Advantages :
  • Coverage for virtually all types of damage.
  • Possibility of repair in certified services.

If you want to protect your car as much as possible, KASKO is a great choice.

1. Factors affecting the cost of insurance

1. Vehicle model

The cost of insurance for Chinese cars depends directly on the model. For example, popular brands such as Chery and Haval have lower rates than lesser-known brands.

2. Age and experience of the driver

Young drivers with little experience pay more for insurance. This is due to increased accident risks.

3. Region of registration

In large cities, such as Moscow and St Petersburg, the cost of policies is higher due to the higher number of cars and accidents.

Where to get insurance for Chinese cars?

1. online services

Convenience and time saving

Many insurance companies offer online policy issuance. This allows you to compare prices and choose the most favourable offer.

• Advantages :
  • Quick checkout.
  • Comparison of offers from different companies.
• Disadvantages :
  • The need to check the terms of the contract carefully.

Online insurance for Chinese cars is becoming increasingly popular due to its convenience and affordability.

2. insurance company offices

Personalised approach and counselling

If you prefer personal communication, you can go to the office of the insurance company. They will help you choose the best policy and answer all your questions.

• Advantages :
  • Professional counselling.
  • Opportunity to discuss details of the contract.
• Disadvantages :
  • More time to process.

This option is suitable for those who appreciate a personalised approach.

How do you save money on insurance?

1. accident-free driving

If you haven't had an accident in a year, the insurance company may offer a discount of up to 50% on your next policy.

2. Franchise

Choosing a deductible allows you to reduce the cost of the policy. However, in the event of damage, you will have to pay part of the costs yourself.

3. Comparison of sentences

Before taking out insurance for Chinese cars, be sure to compare offers from several companies. This will help you find the most favourable solution.

Conclusion: is it worth taking out insurance on Chinese cars?

Insurance for Chinese cars is a necessary step for every owner. It protects you from financial losses and provides peace of mind on the road.

If you want to save money, choose a basic CMTPL insurance policy. For maximum protection, it is recommended to take out a CASCO policy, especially if the car is new or expensive.

Remember that choosing the right insurance company and carefully studying the terms and conditions of the contract will help you avoid problems in the future.