As the saying goes: It is easy to buy a car, but difficult to maintain a car.
Among all kinds of car maintenance expenses, car insurance can be said to be a relatively large expenditure, and the premiums can easily exceed tens of thousands, which makes people's wallets tight.
The troublesome thing is that there are so many options for car insurance, big companies with high prices and small companies with cheap prices, each seems to have its own advantages, I really don't know how to choose.
What's even more exasperating is that after finally making up my mind to buy it, I found out that the one bought by others is more cost-effective than myself, and the price-performance ratio is even higher!
After the new comprehensive reform policy of auto insurance was officially launched, the content of auto insurance clauses has changed greatly, such as: the amount of compulsory traffic insurance has increased, the protection of auto damage insurance has been more comprehensive, and 5 additional types of additional insurance have been added.......
The "cosmetic" change of car insurance has caused many car owners to be at a loss: how should I buy my car insurance? Do they have to be all in?
Don't worry, let's take a look together.
After the new car insurance reform, what changes have been made?
How to buy new car insurance?
Which company is better for new car insurance?
Auto insurance Q & A
Dad summary
01 What are the changes after the new auto insurance reform?
After the auto insurance reform, although the basic premium structure is still: vehicle and vessel tax + compulsory traffic insurance + commercial auto insurance; in addition to the vehicle and vessel tax, the structure of auto insurance products has undergone great changes:
Let's talk about forced traffic first
The full name of compulsory traffic accident insurance is "Compulsory Motor Vehicle Traffic Accident Liability Insurance".
Veteran drivers know: As long as you drive on the road, you must buy compulsory traffic insurance!
Otherwise, not only will you be fined and the vehicle will be impounded; in case of an accident, all costs will be borne by yourself!
(2020 Compulsory Insurance Logo Style Map)
After the reform of auto insurance, two obvious changes have taken place in compulsory traffic insurance:
Up to 50% discount on compulsory traffic insurance premiums
In order to encourage everyone to drive safely, the country has set a floating rate.
To put it simply, it is a discount plan for compulsory traffic insurance. As long as there is no accident, the cost of compulsory traffic insurance for the second year can be reduced proportionally.
After the reform, the floating rates of mandatory traffic insurance in each province are as follows:
Compulsory traffic insurance discounts have been further enhanced, and some provinces and cities can even offer a discount of up to 50%!
for example:
For example, Xiao Wang in Qinghai bought a 5-seater private car, and the compulsory insurance premium for the first year was 950 yuan.
Xiao Wang drives cautiously, and has not had any traffic accidents for three consecutive years, so Xiao Wang's fourth-year expenses will drop to: 950 ✖ (1- 50%) = 475 yuan.
Compulsory traffic insurance protection has become stronger
The protection of compulsory traffic insurance includes three parts, namely death/disability compensation, medical expense compensation, and property loss compensation. After the reform of auto insurance, the protection content has become stronger:
If you are responsible for:
Before the reform, the maximum compensation for death and disability is 110,000 yuan, and the maximum compensation for medical expenses is 10,000 yuan;
After the reform, the maximum compensation for death and disability is 180,000 yuan, and the maximum compensation for medical expenses is 18,000 yuan.
In the absence of responsibility:
Before the reform, the maximum compensation for death and disability is 11,000 yuan, and the maximum compensation for medical expenses is 1,000 yuan;
After the reform, the maximum compensation for death and disability is 18,000 yuan, and the maximum compensation for medical expenses is 1,800 yuan.
The insured amount is indeed more than before, but the compulsory traffic insurance is to compensate the other party’s money. If you or your car has “three longs and two shorts”, it will not be compensated.
At this time, commercial auto insurance is needed to supplement!
Next look at commercial auto insurance
Commercial auto insurance includes auto damage insurance, third party liability insurance, and vehicle occupant liability insurance.
car damage insurance
Car damage insurance refers to motor vehicle loss insurance. After the reform, the protection content has also been upgraded a lot, and it has become an insurance that can pay almost as long as the car breaks down:
Although it is a bundled sale, that is, buying all in one package, the price has increased a lot, but the protection is also more sufficient, and the risk of arguing with the insurance company is reduced.
for example:
Xiao Wang bought a new version of car damage insurance. The windshield of the car was broken separately, which met the conditions stipulated in the terms and conditions.
Not only can you pay, but you can pay without deductible, that is to say, you can pay as much as you lose, and there is no deductible.
Three party insurance
The three-party insurance is also called "third-party liability insurance", which mainly compensates for the personal injury and property loss of the third party in the accident, but does not include oneself or the members of the car.
For example, if you hit someone else's car when parking or starting, or damage flowers and plants, you can be compensated by the three insurances.
The limit of the new version of the three insurances has doubled, rising to 100,000-10 million.
In this era when luxury cars are everywhere, the three types of insurance must be bought, and you must buy enough:
For example, in third- and fourth-tier cities, the insured amount is at least 2 million; in first- and second-tier cities, the insured amount is at least 3 million.
Vehicle occupant liability insurance
That is, the seat insurance that everyone says, compensates for the personal injury and death of the driver and passengers on the car.
If you often carry relatives and friends, or you are an online car-hailing master, it is very necessary to prepare a copy.
However, the amount of car seat insurance protection is relatively low. Generally, the amount of insurance for each seat is between 10,000 and 50,000. If there is a major traffic accident, this amount may not be enough.
So my dad suggested:
If your car is mostly used by family members, you can match an accident insurance for your family members.
Or you can buy another driving insurance separately, which has a higher and more comprehensive protection amount.
For example, the high-end version of Ping An’s full-vehicle driving insurance is 350 yuan per car a year, with a maximum insurance coverage of 1 million yuan and 300,000 yuan per seat for death/disability;
Or Sunshine Worry-free Driving Insurance, 150 yuan/car a year, the maximum insurance amount is 500,000 yuan, and the death/disability compensation is 100,000 yuan/seat.
Finally, let’s talk about 11 additional risks
The additional insurance has been expanded, and the content is more, and the dad has made a table for everyone to check:
Among them, the new car insurance has added 5 additional risks, including:
Separate wheel loss insurance, medical expense liability insurance other than medical insurance, motor vehicle value-added service special insurance, absolute deductible special insurance and special insurance except engine water damage.
Retaining the original 6 guarantees and adding 5 insurance types at the same time, it not only provides car owners with more comprehensive insurance liabilities and better value-added services, but also meets diversified ecological needs.
02 How to buy new car insurance?
Earlier we got acquainted with the structure of the new version of auto insurance, so there are so many types of insurance, do we have to buy it?
In addition to paying compulsory insurance and vehicle and boat tax, which must be paid every year, the following dad will analyze the key points for everyone:
In commercial auto insurance, which types of insurance are necessary for car owners, and which ones are a waste of money:
Dad recommends according to 1-5 stars:
5 stars: Recommended to buy!
4 stars: It is necessary to buy!
3 stars: According to personal circumstances, you can buy it or not!
2 stars/1 star: Usually not recommended to buy!
For example, tripartite insurance, car damage insurance, liability insurance for medical expenses outside of medical insurance, double compensation insurance for holidays,
Dads are more recommended to add it, which is not only practical, but also relatively cost-effective.
However, with so many car insurances, it is really difficult to choose. Here we list three options for your reference:
Let's analyze them one by one:
1. Basic type
Let me talk about the basic type first: compulsory traffic insurance + third party insurance + car damage insurance
It is suitable for veteran drivers with limited budget or low vehicle value and excellent skills.
The three types of insurance are necessary on the road. It is recommended that drivers in first- and second-tier cities buy more than 2 million insureds.
After all, now that the economic level has improved, who knows whether it will be a Maserati or a BMW i8.
It is also recommended to buy car damage insurance, otherwise you will have to pay for the repairs yourself, which will cost a lot.
If there is very little rain in your city, you can consider adding a special clause excluding engine water damage, which can reduce the premium, but the engine will not be compensated for water damage!
2. Economical
The economic type is expanded on the basis of the basic type: basic type + seat insurance + liability insurance for medical expenses outside medical insurance.
Suitable for novice drivers on the road, or friends who occasionally need to travel with colleagues.
A seat insurance or driving insurance can provide protection for the accidents of the passengers in the car;
There is great uncertainty in the reimbursement of medical insurance. If the injured need to use imported equipment and high-priced medicines for treatment, the insurance company will not reimburse these high costs!
Therefore, this additional insurance is very practical, and it is recommended to buy it.
3. Comprehensive
The comprehensive type is expanded on the basis of the economical type: economical type + double insurance for holidays + special terms for value-added services.
Holiday double insurance is very cost-effective, and the insurance premium is around 100 yuan for a tripartite insurance with an insured amount of 1 million.
Moreover, one-third of the time in a year can enjoy the double protection of the three insurances, which is quite cost-effective!
The value-added service special clause is to spend money to buy services. If you have sufficient budget, there are many insurance companies in the area, and the service ability is good, you can consider it.
If your car is new, or the car is more expensive to buy, it is recommended to add a body scratch loss insurance.
03 Which company should I buy for new car insurance?
There are various channels for purchasing auto insurance, such as repair shops, 4S stores, insurance agents, third-party Internet platforms, online marketing, telemarketing, etc.
Products are different, and every company looks similar, so how do you choose?
1. Choose an insurance company with a big brand and many service outlets
Auto insurance is different from personal insurance. Auto insurance usually has a loss assessment process.
The earlier the loss assessment time is, the faster the response will be, and the more favorable it will be to finally get the claim settlement.
Therefore, the more service outlets there are, the faster the site can be reached, and the quicker the response to loss assessment.
2. Choose an insurance company with a high service rating
When buying car insurance, service experience is king!
The China Banking and Insurance Regulatory Commission measures the service quality of insurance companies from the following 10 indicators:
Here, Dad intercepted some insurance company service ratings from the official website of the China Banking and Insurance Regulatory Commission:
From the above table, we can easily find that:
Ping An, PICC, Pacific, Taiping and AXA Tianping achieved the highest service rating of AA;
Sunshine and Dadi followed closely behind, and the overall service rating also has an A.
Although the company Le Aijin ranks high in the exam and has AA services, it is not mainly engaged in auto insurance.
Daddy suggested to focus on the companies marked in red, which are all big companies that are familiar with the auto insurance business.
04 Auto insurance Q&A
1. Where is the best place to buy car insurance?
There are many sales channels for auto insurance, the more common ones are:
4S point consignment
Tele-marketing
insurance agent
Internet sales
The price of auto insurance is uniformly priced, but the promotion strategies of different channels will be different.
Dad renews his car insurance through a local insurance agent. When he renewed his car insurance a while ago, he received a 100 yuan gas card.
The sales strategies of various places are quite different, so it is difficult to judge which channel is better. It is recommended that you shop around and choose the most favorable one for purchase.
2. How to apply for compensation in case of an accident?
Generally, there are 4 steps in the auto insurance claim settlement in the event of a traffic accident:
1) Report an accident
After an insurance accident occurs, please call the customer service number of the insurance company (if you don’t know the customer service number, you can search for the company’s customer service number on Baidu)
The customer service staff will tell you the documents required for claim settlement (such as insurance application number, owner's name, license plate number, vehicle frame number), and provide corresponding guidance for claim settlement.
During this process, if casualties are involved, be sure to call 120 to rescue the wounded as soon as possible, and try to keep the scene of the accident as much as possible.
2) Site survey
After receiving the report call, the claim service personnel of the insurance company will rush to the accident scene immediately (usually within 2 hours), conduct accident investigation and handling, and negotiate the loss amount and repair method with the victim.
At the same time, we will preliminarily collect evidence materials related to claim settlement, and remind you to save the documents required for claim settlement. If the claimant is treated in the hospital due to injury, the claims adjuster will go to the hospital to communicate and negotiate with you.
3) Submit an application for claim settlement
The information required for claim settlement includes:
claim form
Driver's License and Driver's License
ID card of the insured
Vehicle Maintenance Invoice
Receiving bank card
traffic police certificate
Invoices for related expenses
After preparing these materials, you can go to the counter of the local insurance company to handle the claim. Some companies support the mailing of the claim application materials to the insurance company for claim settlement.
What needs to be noted is that the materials must be prepared in order to avoid a waste of time.
4) Claim review and decision
After receiving the claim materials, the insurance company conducts claim investigation and review. After the review, the insurance company will make a claim decision in a timely manner.
If the compensation is decided, a compensation notice will be sent, and the insurance money will be paid by bank transfer or cash.
If it is decided not to pay, a notice of refusal will be sent and the corresponding application materials will be returned.
3. If it is a small accident, do I need to settle the claim?
It depends on how small the accident is.
Because regardless of the size of the accident, as long as the insurance company is reported to settle the claim, the premium for the next year will definitely rise.
We need to determine whether to insure the insurance company for repairs based on factors such as the accident situation, the amount of compensation, and vehicle repairs.
05 Dad summary
The country compels car owners to purchase car insurance, so the importance of car insurance does not need to be described too much by dad.
One of the principles of dad buying insurance is: life first, property second .
Dad loves cars eagerly, and dad understands; cherishing one's own personal safety is more important.
Before buying auto insurance for your car, you must not forget your own protection and put the cart before the horse.
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