Today is the third day of the launch of new energy vehicle insurance premiums, and there is a great controversy about the rise and fall of new energy vehicle insurance premiums. Today, an automobile radio station in Hangzhou published an article on the public account "Overnight Surge! Tesla owners are angry", a car aftermarket self-media also posted that "new energy car insurance is online, and the premium has risen by 80%", which is very eye-catching. However, as a vertical self-media in the property and casualty insurance industry, it is necessary to popularize the reasons behind the change in premiums:
First, the rise and fall of premiums cannot be limited to a certain model
The launch of new energy vehicle insurance and the comprehensive reform of automobile insurance in September 2020 have adjusted the basic premiums, and according to the principle of risk consideration, the basic premiums of commercial automobile insurance with high compensation have increased, and the premiums with low compensation rates of commercial automobile insurance have been reduced. Therefore, the overall basic premium is reduced, and the premium increase of some models is normal.
Taking new energy vehicles as an example, including well-known private cars, including new energy public transportation vehicles, authoritative people test, from the perspective of basic premiums, the deeper reduction is the traditional low-payout rate models such as new energy buses, and the basic rate of private cars has been lowered overall, but the range is not large, and the brands are slightly different.
However, often the market is more sensitive, or involves more interests of car owners are some brands of private cars, and the industry relies on big data analysis, considering the insurance operation of the entire new energy vehicle.
2. The reduction of the basic premium does not mean that the premium will decrease
Before the reform, some media said that 80% of the premiums of new energy vehicle owners will be reduced, and I posted that this is misleading, with the current comprehensive cost rate level of car insurance, coupled with the risk situation of new energy vehicles, the probability of a general reduction in new energy vehicle premiums is not large. The unprofessional interpretation of these media may give the owner inappropriate psychological expectations.
The three factors that determine the car insurance premium are the basic premium, the insurance factor (there are violation coefficients in some areas) and the autonomy coefficient, the first two are basically the same in the industry, and the autonomy coefficient is adjusted by each company according to its own data analysis, risk judgment, market competition and strategy within the allowable range of the industry.
Third, the premiums of different insurance companies are different
The media believes that the price increase is based on the quotations of several companies on a certain platform, and it is more consistent, but in fact, there are dozens of property and casualty insurance companies on the market, some companies have an autonomy coefficient of 1.35 for the same car, and some companies are 0.9 (theoretically the lowest is 0.65), for Tesla Cars, the difference in premiums of thousands is normal.
Fourth, the premiums of different channels of the same company are not the same
The same company has different premiums, is the insurance company based on different channels of compensation level judgment, whether it is a new car or an old car, the current market has this situation, to a new car purchase price of 274,600 krypton new car, a company different channels will have different quotations, one of the channel quotations is:
But the car is quoted in another channel of the same company, and the premium goes like this:
It is understood that the autonomy coefficient of these two quotations is below 1, if it is another channel or another company, the quotation will be about 35% more expensive than the above quotation.
Fifth, the owner's premium awareness and industry awareness are inconsistent
A basic principle of this auto insurance reform, including the listing of new energy auto insurance, is to compress the intermediate costs and leave room for reducing premiums. The intermediate fee includes the handling fee of the expenditure, including the performance of the salesman, etc., many salesmen will give this part of the money as a preferential treatment to the car owner before the reform, and now this part is basically not. Therefore, the industry says that the premium rise and fall refers to the premium on the policy (that is, the fare), while the owner refers to the actual cost paid, which is also a reason for the difference in premiums.
Sixth, the premium is different in different time periods
This reform is not only the adjustment of the basic premium, but also the expansion of the new energy vehicle insurance protection liability, in the early stage of the line, these two factors exist at the same time, what kind of impact will be caused by the quality of the business, it takes time to accumulate data and experience, at this stage may be some regional companies to adopt a prudent pricing strategy, with the optimization of the overall expected compensation of this type of business (can not specifically refer to a car person), the premium must have room for reduction.
What is visible is simple emotions, what is invisible is the complex industry ecology behind it, only catering to emotions, not analyzing the reasons is irresponsible; insurance is a special product, too much attention to the premium itself, and ignoring insurance products is unscientific; car insurance operations are becoming more and more differentiated, only see one-sided phenomena, do not see the overall problem, is not rigorous.
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