Illegal parking will not affect the compulsory insurance for the next year. The full name of compulsory traffic insurance is "compulsory liability insurance for motor vehicle traffic accidents", which is a kind of compulsory liability insurance that the insurance company compensates the victims (excluding the people on board and the insured) for personal injuries and property losses caused by road traffic accidents of insured motor vehicles within the limit of liability.

Compulsory insurance is the first compulsory insurance system implemented by national laws in China. Its premium is subject to the national unified charging standard, which is uniformly stipulated by the state, but the compulsory insurance price of different models is also different, and the main influencing factor is "the number of car seats".

The rate of compulsory insurance is based on the historical records of vehicles, and all vehicles with accident records or drunk driving and illegal driving records. The rate of compulsory insurance will go up next year, and recorded vehicles can enjoy certain discounts when they renew their insurance next year.

Compulsory traffic insurance is compulsory vehicle insurance required by the state, and all motor vehicles must buy compulsory traffic insurance to drive on the road.

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