Auto insurance reform has landed, is the price going up or down?

As the saying goes, "How can you walk by the river without wetting your shoes?" Faced with the increasingly congested traffic environment and the soaring number of motor vehicles, almost all car owners will encounter some bumps in their daily driving, but if you accidentally become the full responsible party and face a luxury car with a very high ratio of zero to whole, then auto insurance will become your "last resort".

However, due to the slow renewal of China's auto insurance system, some rules are no longer applicable in the current environment. In order to further protect the interests of the insured, on September 3, the CBRC issued the Guiding Opinions on Implementing the Comprehensive Reform of Auto Insurance (hereinafter referred to as the Guiding Opinions). According to the person in charge of relevant departments of China Banking Regulatory Commission, the Guiding Opinions was formally implemented on September 6, 2020.

Considering that the specific details are too complicated, today we will talk about the differences between the auto insurance reform and before.

To put it simply, after the implementation of the reform, consumers can realize the "three basics" in a short time, that is, "the price basically only goes down, the safety basically goes up, and the service is basically excellent." Specific to the details, can be divided into the following points:

Compulsory Traffic Accident Liability Insurance for Motor Vehicles

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. This is also the first compulsory insurance system implemented by national laws in China.

Since? 2008? Since 2006, the insurance amount of compulsory insurance has been maintained at the highest compensation? 12.2? On the standard of 10,000 yuan, but now 12 years have passed, the price has already increased several times, and the original compensation amount will be "not enough" in actual traffic accidents.

However, after the auto insurance reform, the insurance coverage of compulsory insurance has been further improved: the adjusted total insurance coverage of compulsory insurance has been increased from 6,543.8+0.22 million yuan to 200,000 yuan, in which the compensation limit for death and disability has been increased from 6,543.8+0.654.38+0.8 million yuan, and the compensation limit for medical expenses has been increased from 6,543.8+0.8 million yuan to 6,543.8+0.8 million yuan.

The amount of liability insurance is adjusted according to the same proportion, in which the compensation limit for death and disability is increased from 1. 1.8 million yuan, the compensation limit for medical expenses is increased from 1.000 yuan to 1.800 yuan, and the compensation limit for property losses remains unchanged at 1.000 yuan.

In other words, whether there is responsibility or not, insurance compensation such as death and disability compensation, medical expenses compensation and property loss compensation will be improved, which is good for both responsible parties. (especially car owners who are only willing to pay compulsory insurance)

More intimately, it is additionally noted in the Guiding Opinions that regional floating factors are introduced into the adjustment coefficient of road traffic accident rate in combination with the comprehensive payout ratio level of compulsory insurance in various regions, and the upper limit of floating rate remains unchanged at 30%, and the downward floating rate is expanded from the original minimum -30% to -50%.

If you have no accident record for many years, the price of compulsory insurance can be at most 50% off.

commercial insurance

In the original commercial insurance, commercial insurance mainly consists of four main risks and several additional risks. If consumers don't know enough about additional categories, they are likely to encounter a "claim trap".

For example, before the auto insurance reform, water-related insurance, glass insurance and spontaneous combustion insurance all required consumers to purchase extra, and basic commercial insurance was not included, which also led to a high probability of consumers "wrangling" with insurance companies after the accident. Relevant data show that among the complaints involving property insurance companies in 20 19, vehicle claims disputes accounted for 75. 14% of the total complaints.

Based on the above background, after the auto insurance reform, six new items were added on the basis of the original commercial insurance: motor vehicle theft, earthquake and its secondary disasters, glass breaking alone, spontaneous combustion, engine wading and other insurance liabilities. In addition, the exemption clauses that are easy to cause claims disputes in practice, such as the exemption rate of accident liability and the inability to find a third party exemption rate, are also deleted in the Guiding Opinions, and major catastrophe risks such as earthquakes, typhoons and floods are included in the scope of claims.

In addition, after the reform, the liability limit of commercial three-party liability insurance will also be increased from 50,000-5 million yuan to 6,543.8+10,000-6,543.8+million yuan. To a great extent, it avoids the situation that when the insured vehicle encounters a high-value luxury car accident in the future, the insured will be "lost" due to excessive compensation.

In terms of the cost that users are most concerned about, the reformed commercial auto insurance premium coefficient is from 0.65? -? 1.35, which means that the future premium may be cheaper or more expensive.

In the specific algorithm, commercial auto insurance premium = benchmark premium × rate adjustment coefficient.

Where: benchmark premium = benchmark pure risk premium /( 1- additional rate) rate adjustment coefficient = non-indemnity preferential treatment coefficient × traffic violation coefficient× independent pricing coefficient. At the same time, the filing scope of the preferential treatment coefficient without indemnity has been expanded from the previous 1 year to the previous three years, and it is more difficult to obtain discounts than before.

Auto insurance real name, electronic insurance policy

The latest Guiding Opinions also pointed out that on the basis of protecting consumers' right to know and choose, property insurance companies are encouraged to provide consumers with more convenient auto insurance underwriting claims services through electronic insurance policies. This is not only more efficient, but also uses less paper in the whole process, which is in line with the current environmental protection concept.

In addition, property insurance companies should also strengthen the identity verification of the insured, do a good job in signing the policy, explaining the terms and exemptions, promote real-name payment, promote information transparency, prevent misleading sales, advance premiums, sign on behalf of consumers, etc., and safeguard the legitimate rights and interests of consumers.

Generally speaking, the reformed auto insurance not only has a more comprehensive coverage, but also deletes some clauses that are no longer applicable to the current environment. As for the specific cost, as long as your safe driving factor is high enough, you can get a lower premium than before.

Sensibility and rationality are good things.

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This article comes from car home, the author of the car manufacturer, and does not represent car home's position.