Study on the Damage Compensation Liability Problems of Luxury Car Accidents 

Haiyan WANG 

Ph.D. Candidate of Civil, Commercial and Economic Law School, China University of Political Science and Law, Beijing, China 

Abstract: With the increase of the number of luxury cars in China, the road risks are climbing inevitably. The luxury car accidents are reported in the newspapers frequently and the high price claims arouse the heated debate of the public. The focus of the damage compensation liability problems of luxury car accidents is the distribution of the liability of damage compensation, that is to redistributed the rights which cause the conflict of both sides. The distribution of the rights just adjusts the conflict of interest between individuals, and how to disperse the damage compensation from the transfer between individuals to the society, which depends on the establishment and improvement of the commercial automobile insurance system. For the shortcomings existed in the current situation of luxury car insurance market, some countries have the relative mature experience to draw on. 

Keywords: Luxury Car Accidents; Damage Compensation; Distribution of Liability; Risk