The impact of rebuying after the compulsory traffic insurance is out of insurance is multifaceted, and the following will be explained in combination with the specific impact.
First of all, compulsory traffic insurance is a kind of insurance that must be purchased for vehicles on the road, which aims to provide basic protection for vehicles in the event of a traffic accident and compensate for the losses of the other party. If the vehicle compulsory insurance has been out of insurance, then the vehicle will not be able to go on the road, otherwise it will be investigated and dealt with by the traffic police, and face the serious consequences of fines and car arrests. Therefore, the car owner must purchase a new compulsory traffic insurance before he can go on the road.
Secondly, if the vehicle has a traffic accident during the period of compulsory traffic insurance, the owner will need to bear full responsibility and face large economic losses. Because compulsory traffic insurance is the most basic kind of insurance for vehicles, if the vehicle does not purchase compulsory insurance, then the protection of the vehicle will be completely missing, and in the event of a traffic accident, the owner will need to bear all the liability for compensation. Therefore, before repurchasing compulsory traffic insurance, car owners should try to avoid driving vehicles on the road to avoid unnecessary traffic accidents.
In addition, if the vehicle is involved in multiple traffic accidents during the period when the compulsory traffic insurance is out of insurance, then the insurance cost of the car owner may also increase. Because the insurance company will adjust the premium based on the owner's accident history, if the car owner has multiple accidents during the out-of-warranty period, then the insurance company may increase the premium to cover the risk.
To sum up, the impact of re-buying after the compulsory traffic insurance is out of insurance is multifaceted. Vehicle owners should re-purchase compulsory traffic insurance in time to ensure that the vehicle can be legally used on the road. At the same time, car owners should also pay attention to controlling their driving behavior and avoid traffic accidents during the period of compulsory traffic insurance, so as to avoid facing huge economic losses and the risk of premiums**.