The first-year renewal of vehicle insurance can be a daunting task, especially for those without prior experience. In response to a WeChat push message suggesting a specific insurance plan, it is essential to assess whether it meets one's needs or if it is worth inquiring about potential discounts from the insurance provider. As a result of a minor accident involving a scrape last year, the premium for compulsory insurance (third-party liability insurance) did not change, whereas a third of the premium might have been reduced had no accidents occurred. Furthermore, the coverage and premiums for comprehensive insurance (fire and theft insurance) are roughly 3/5 of those in the previous year. This article aims to provide an in-depth analysis of the factors affecting vehicle insurance premiums and coverages, with the goal of empowering readers to make informed decisions when renewing their insurance policies.