Recently, the China Insurance Industry Association published the "Exclusive Clauses of the China Insurance Industry Association for Commercial Insurance of New Energy Vehicles (Trial)" (hereinafter referred to as the "Exclusive Clauses") on its website. This means that the new energy exclusive car insurance that has been researched and explored for 3 years has really come.
On December 27, the captive insurance for new energy vehicles was officially launched. On the same day, the Shanghai Insurance Exchange launched a new energy vehicle insurance trading platform, and the first batch of new energy vehicle exclusive insurance products listed by PICC Property & Casualty, Ping An Property & Casualty, and CPIC Property & Casualty were listed.
It is reported that after the landing of exclusive insurance, many analysts said that nearly 80% of the benchmark premiums of car owners will decline, but many netizens posted their insurance quotations but said that "premiums have risen". And Tesla owners said that the price increase was more than 100%, what is going on?
Tesla owners' premiums have risen sharply?
Soon after the introduction of new energy captive insurance, many netizens complained that the premium had risen significantly.
A Tesla Model Y owner exposed his December 23 insurance policy. According to the policy, the cost of applying for the vehicle was 8278 yuan, and after the New Deal on December 27, the insurance fee rose to nearly 15,000 yuan, an increase of 80%.
According to the comparison chart of some new energy vehicle premiums summarized by netizens, the car insurance of Tesla models has risen by even more than 100%, while the car insurance of Xiaopeng Automobile has risen by 54.98% at the highest, at least 24.77%, and the total premium has risen by between 16% and 37%. The premium increase of ideal cars and WEILAI cars is also similar.
Why do so many car owners react to a significant increase in premiums?
In this regard, the International Finance News reporter called Ping An of China, and its staff revealed to reporters that some car insurance did rise to a certain extent, but it did not reach a height of 50%. Among them, the models with large price increases include Tesla, BYD, Roewe, etc., but Weilai Automobile, Ideal Automobile and so on have not changed much.
Some car owners in the above-mentioned car brands also said that the cost of renewing their insurance is not as high as rumored on the Internet, and even some car owners said that the premium has indeed decreased.
The above-mentioned staff stressed that the premiums of the brand models mentioned above are not all increased, but still need to be divided into specific models.
As for the statement that "the price of new energy vehicles below 250,000 yuan is not increased", the above-mentioned Ping An staff of China said that the insured price of models below 250,000 yuan will also change, and some models will change more than models above 250,000 yuan.
For the rise in premiums, the International Finance News reporter called Tesla and BYD's official customer service respectively, which said that the insurance business was signed by the owner and the 4S store and the insurance company, and the specific amount was determined by the owner and the insurance company through consensus.
It was predicted that 80% of car owners' benchmark premiums would decline
In fact, unlike the above netizens who proposed a substantial increase in premiums, before that, many analysts said that after the landing of new energy exclusive insurance, 80% of the benchmark premiums of car owners will decline.
Shenwan Hongyuan analyst Ge Yuxiang pointed out that from the perspective of the premium calculation formula, the benchmark premium = benchmark pure risk premium / (1 - additional expense rate), the additional cost rate of new energy vehicle insurance has dropped from 25% of traditional fuel vehicles to 15%, and the proportion of overall premium increase insurance policies has increased from 18.3% in the last round of testing to 20.7%, approaching 80% of the policy benchmark premium.
Ping An Property & Casualty also replied, "The exclusive terms of the policy protection have increased, so will my premium become more expensive?" "At this time, it is said that 80% of the owner's benchmark premium will fall. However, since the premium will be affected by factors such as traffic violation records and the number of insurance trips, the actual premium must also be subject.
It is worth noting that the collection of exclusive insurance premiums for new energy vehicles is also affected by the class of the model. According to media reports, some insiders said that the new energy vehicle insurance premiums have actually risen and fallen, and the prices of some high-end models may have risen, and the benchmark premiums of most models have declined, and the overall price increase is not large.
In addition to the price increase problems reflected by some netizens, the introduction of new energy vehicle captive insurance actually has a lot of practical significance.
The "Exclusive Terms" released this time first define new energy vehicles, that is, our more common pure electric vehicles, plug-in hybrid (including range extender) vehicles, and fuel cell vehicles are all new energy vehicles.
It is reported that the insurance system of the Shanghai Insurance Exchange includes a total of 3 main insurances and 13 additional insurances, which basically take into account the common risks of new energy vehicles.
Previously, new energy vehicles and fuel vehicles used the same car insurance terms, but the depreciation rate and depreciation rate of new energy vehicles were very different from those of fuel vehicles, so it was more difficult to determine the loss of batteries, which also brought big problems to insurance claims.
The new energy exclusive car insurance has added some protection content. For example, in addition to the body, the unique "three electric" systems (batteries and energy storage systems, motors and drive systems, and other control systems) and all other factory equipment are included in the insurance coverage.
This also means that the liability of new energy exclusive car insurance is further enlarged and more adapted to the characteristics of new energy vehicles. In addition, compared with the use process of traditional car insurance, the main insurance liability of the exclusive clause of new energy vehicles also increases the charging process.
Reporter: Xiao Yisi Intern: Gao Xiuxiu
Edit: Zuo Yu
Editor-in-Charge: BiDandan
Cover image: Xiao Yisi