Car stuff (public number: chedongxi)
Author | Haohan
Edited by | Xiaohan
Electric vehicle premiums have soared, and the group of car owners has fried the pan?
At the end of 2021, Tesla once again made headlines in the media, because the commercial insurance premiums of the Model 3 and Model Y models on sale soared, far exceeding the commercial insurance prices of fuel models at the same price.
A Tesla Model Y long-endurance version of the commercial insurance price of 347,900 yuan exceeded 15,000 yuan / year at its highest price, and the premium price directly chased the price of luxury brands with a price of more than 500,000 yuan.
In the last few days of 2021, almost all Tesla riders across the country have posted their own insurance policies online, and the price change of commercial insurance can be called a price a day, and the price of commercial insurance of the same model fluctuates by more than 5,000 yuan in a week.
▲Tesla Model Y long-endurance version of commercial insurance price changes
In addition to the sharp increase in the premiums of tesla's various models on sale, the commercial insurance prices of new energy vehicle companies such as Xiaopeng, Ideal, ANDD and other new energy vehicle companies have also risen to a certain extent.
It is understood that the reason for the sharp change in Tesla's premium is that in mid-December 2021, the China Insurance Industry Association issued the "Exclusive Clauses for Commercial Insurance of New Energy Vehicles (Trial)", which clarifies the protection rights and interests of the body, battery, motor and electronic control system of new energy vehicles, and covers the use scenarios of new energy vehicles driving, parking, charging and operation.
To put it simply, the "Exclusive Clauses for Commercial Insurance for New Energy Vehicles (Trial)" has more protection for new energy vehicles, and the premium has naturally risen.
So which car companies have increased their premiums? How exactly is the upward method? Is it expensive or cheaper than a fuel car? What does the New Deal mean for consumers? With these questions in mind, Che Dong found some answers after conducting survey interviews.
First, Tesla premiums sit on the roller coaster Other car companies have also risen
On December 28, 2021, some netizens exposed a Tesla Model Y "sky-high" insurance policy. The insurance policy shows that the commercial insurance price of the 2021 Tesla TSL6480BEVBA5 pure electric multi-purpose passenger car (Tesla Model Y long endurance version) is 14235.02 yuan, and the traffic insurance is 950 yuan, and the total premium of the car reaches 15485.02 yuan / year.
▲ The insurance price of the Model Y long-endurance version on December 28, 2021
In a car insurance estimation calculator, the estimated commercial insurance price of a Volvo XC90 priced at about 600,000 yuan is 15,915 yuan / year, of which the car damage insurance is 13,415 yuan, which is less than 1,000 yuan different from the commercial insurance quotation of the Model Y long-endurance model posted by a netizen on December 28. However, tesla Model Y long-endurance version of the model is currently priced at 347,900 yuan on the official website, while the manufacturer guidance price of the Volvo XC90 is more than 600,000 yuan.
▲ Volvo XC90 commercial insurance quotation
From the perspective of motor vehicle loss insurance (car damage insurance), on December 28, 2021, the car damage insurance of Tesla Model Y long-endurance model was quoted at 12726.26 yuan, and the insurance amount was 355,900 yuan, while the Audi Q5L, which is a medium-sizeD SUV model with Tesla Model Y, had a vehicle loss insurance of 8670 yuan.
On December 24, 2021, some netizens also posted the insurance policy of the Tesla Model Y long-endurance model on a forum, and the total premium on the policy was 7854.42 yuan / year, of which the premium of motor vehicle loss insurance was 5797.92 yuan, the insurance amount was 363,900 yuan, and the price of car damage insurance was less than half of the quotation on December 28, 2021.
▲ December 24, 2021 Model Y long-lasting version of the insurance price (image from the network)
Time to push forward a week, December 17, 2021, there are also netizens posted their own insurance policies, the insured vehicle is still Tesla Model Y long-endurance version, its total premium is only 4986.97 yuan / year, almost one-third of the December 28 premium quotation. However, from the perspective of the insurance policy disclosed by the netizen, the insurance policy is insured in the second year of the vehicle, and the car has no insurance record in the past year, so the policy price is relatively low, but it can also reflect the premium price level at that time to a certain extent.
▲ December 17, 2021 Model Y long-endurance version of the insurance price (image from the network)
In addition to Tesla, in the last week of 2021, the premiums of domestic new energy head car companies such as Xiaopeng Automobile and Weilai Automobile have also risen to a certain extent.
On December 29, 2021, Xiaopeng Automobile issued the Explanation on the Premium Changes of Commercial Automobile Insurance of Xiaopeng Brand Models (hereinafter referred to as the "Instructions") on the Launch of New Energy Vehicle Insurance Products, which clearly indicates the average premium increase of the three models currently on sale of Xiaopeng Automobile, namely G3i, P7 and P5, which are 3.5%, 18.2% and 2.9% respectively. Among them, the average selling price of Xiaopeng P7 is the most expensive of the three cars, and its commercial car insurance has also increased the most, with a premium price difference of more than 1,000 yuan.
▲Changes in the premiums of the models on sale of Xiaopeng Motors
On December 29, 2021, NIO also issued the "Explanation on Exclusive Insurance for New Energy Vehicles", which stated that the pricing of users who newly purchased and still owned service worry-free packages remained unchanged, and included the corresponding protection content of the three additional insurances (external power grid fault loss insurance, self-use charging pile loss insurance and self-use charging pile liability insurance) added to the "Clauses".
The pricing of NIO's insurance worry-free service is still the insurance cost plus the WEILAI exclusive service fee of 1680 yuan, of which the 1680 yuan WEILAI exclusive service remains unchanged, and the overall premium change is related to the location of the OWNER of WEILAI, the illegal record, the past insurance situation and other factors. Overall, the premium adjustment of NIO models is not large.
According to the statistics of a "Comparison Table of New and Old Terms and Conditions of New Energy Brands and New Vehicles" circulated on the Internet, in addition to Xiaopeng and Weilai, there are also ideals, Nezha, BYD, Roewe, BMW and other new and old brands of new energy models at home and abroad The premium has increased, with an average increase of about 1,000 yuan.
On the second day after the exposure of Tesla's "sky-high price" premium, but also the penultimate day of 2021, the car thing asked an insurance company again, and it also gave a quotation again, the insured model is still tesla Model Y long-endurance version, its total premium is 8426.98 yuan / year, of which the premium of motor vehicle loss insurance is 5093.63 yuan, and the price is nearly half lower than on December 28.
▲ The insurance price of the Model Y long-endurance version on December 30, 2021
Starting from December 17, 2021, the premium of Tesla Model Y long-endurance version soared from the lowest 4986.97 yuan / year to 15485.02 yuan / year in only 10 days, and the premium fell from 15485.02 yuan / year to 8426.98 yuan / year in only two nights.
In general, at the end of 2021, this wave of new energy vehicle premium price increases, Tesla rose the most fiercely, the price fluctuations exceeded 5,000 yuan, and most of the domestic and foreign car companies' new energy models commercial insurance premiums also rose to a certain extent, but compared with Tesla, it is not so fierce, consumers bite their teeth can also accept.
So, what is the reason why the premium of new energy vehicles is like riding a roller coaster, rising and falling?
Second, behind the rise in premiums The new insurance regulations are the main driving force
The start of the rise in premiums for new energy vehicles goes back to December 14, 2021.
On the same day, the China Insurance Industry Association issued the "Exclusive Clauses for Commercial Insurance of New Energy Vehicles (Trial Implementation)" (hereinafter referred to as the "Clauses"). The Terms and Conditions are composed of two parts: Model Clauses for Commercial Insurance for New Energy Vehicles (Trial) and Model Clauses for Accident Injury Insurance for Drivers and Occupants of New Energy Vehicles (Trial).
▲Screenshot of the official website of the China Insurance Industry Association
At the same time, the Clause also defines the insured models, using a new power system, and cars driven entirely or mainly by new energy sources, including plug-in hybrid (including range extended range) vehicles, pure electric vehicles and fuel cell vehicles, can be insured.
Specifically, most of the detailed rules and conditions in the Clauses are similar to the insurance of traditional fuel vehicles, but the difference between the two is that the insurance liability of the sixth clause of the Clauses clarifies the protection rights and interests of the body, battery, motor and electronic control system of the new energy vehicle, and covers the use scenarios of the driving, parking, charging and operation of the new energy vehicle.
▲Screenshot of "Exclusive Clauses for Commercial Insurance for New Energy Vehicles (Trial)"
In addition, in terms of additional insurance types, the "Provisions" added three insurance types specifically for new energy vehicles, namely external grid fault loss insurance, additional self-use charging pile loss insurance, and additional self-use charging pile liability insurance. This is also the first time that the unique car accessories of new energy models such as charging piles have been included in the scope of insurance.
Compared with traditional car insurance, the "Clauses" have three major characteristics, namely, diversification of insurance scenarios, which can focus on solving the risks generated by auxiliary facilities of new energy vehicles; customized insurance liability, expanding the scope of protection to vehicle-specific use scenarios; and humanizing insurance protection, and underwriting vehicle losses caused by external power grid transmission and transformation failures, current and voltage abnormalities, etc.
On December 14, 2021, after the China Insurance Industry Association issued the "Exclusive Clauses for Commercial Insurance for New Energy Vehicles (Trial)", the commercial insurance prices of new energy vehicles have not yet "taken off" and remain at the original level for a period of time.
What really triggered the sharp rise in commercial insurance premiums for new energy vehicles was the official launch of new energy vehicle captive insurance on December 27, 2021, and the Shanghai Insurance Exchange also officially launched the new energy vehicle insurance trading platform, and the first batch of new energy vehicle exclusive insurance products of 12 property insurance companies listed PICC Property & Casualty, Ping An Property & Casualty, and CPIC Property & Casualty were listed.
Just one day after the launch of the new energy vehicle captive insurance, that is, on December 28, 2021, Tesla's "sky-high" premium was hot on the Internet.
▲New energy vehicle insurance trading platform
In fact, it is not difficult to understand the protection rights and interests of the body, battery, motor and electronic control system of new energy vehicles through the "Clauses", and the protection scope of new energy vehicles in the "Clauses" is wider and more comprehensive, so the premium will naturally rise.
However, the increase in the premium of new energy models exceeded the expectations of many new energy car owners, and directly called out that "the fuel money saved by new energy vehicles in one year is all offset by high premiums." ”
Third, the spontaneous combustion of electric vehicles occurs frequently The new regulations have more advantages than disadvantages for car owners
Although the premium of new energy vehicles has risen, are many new energy car owners across the country really losing money?
After the topic of the soaring premium of new energy vehicles has gradually appeared on the hot search of major platforms, from a problem in the automotive field to a social problem discussed by the whole people, CCTV also reported on this matter.
According to the incomplete statistics of CCTV, in the past three years, there have been more than 250 fire accidents in new energy vehicles. In these new energy vehicle fire accidents that occur, the vehicle battery catches fire, and the fire during charging is the main cause.
Just a few days before the surge in new energy vehicle premiums, WM Motors was exposed to a spontaneous combustion accident for four consecutive days, fortunately all accidents did not cause casualties, and the cause of the accident has not been officially announced. However, according to outside speculation, these fire accidents are likely to be caused by the ternary lithium battery carried by the vehicle.
▲The scene of the fire in Weima car
Before the release of the "Clauses", the commercial insurance of new energy vehicles and fuel models was the same, which did not separately participate in insurance and claim explanations for the structure and configuration characteristics of new energy vehicles, and when new energy vehicles needed to settle claims from insurance companies because of battery or charging failures, insurance companies were prone to mutual ridicule and refusal to pay, which caused great trouble to new energy vehicle owners.
Further, the maintenance cost of new energy vehicles is generally more expensive than that of fuel models of the same level. According to the statistics of Jingli Lianxun, the average replacement price of batteries accounted for the highest proportion of 65,000 yuan to 125,000 yuan, accounting for more than 30% of the car year, while the average replacement price of the battery in 30,000 yuan to 50,000 yuan also accounted for 30% of the car year.
▲Loss rate, insurance frequency and average battery replacement price chart (data source: Jingli Lianxun)
It can be said that the average replacement price of batteries for more than 30% of new energy vehicles in a year is between 65,000 yuan and 125,000 yuan, and this price is almost close to the price of replacing or overhauling the engine of the fuel vehicle at the same price, but the probability of damage to the fuel vehicle engine is smaller than the probability of battery pack damage.
In addition to batteries, motors are also another big expense for new energy vehicle maintenance.
According to the statistics of Jingli Lianxun, the average replacement price of the motor is the highest proportion of 0.7 million yuan to 14,000 yuan, the proportion of the car year is more than 40%, and the average replacement price of the motor is more than 18,000 yuan, and the annual proportion of the motor is close to 20%, such as some new energy models equipped with 2 or 3 motors, and their maintenance costs are to be doubled to calculate.
▲Loss rate, frequency of occurrence and average replacement price chart of the motor (data source: Jingli Lianxun)
It is conceivable that if the batteries, motors and other important components of new energy vehicles fail or are damaged, but they are not within the scope of traditional car insurance, then the maintenance costs borne by new energy vehicle owners will also be a "sky-high price".
With the release of the "Exclusive Clauses for Commercial Insurance for New Energy Vehicles (Trial)", the rights and interests of the body, battery, motor and electronic control system of the new energy vehicle are clarified, the rights and interests of the new energy vehicle owners are further protected, and the problems of determining losses and compensating difficulties after the accident of new energy vehicles are avoided from the root.
Of course, more protection, the premium will naturally rise, before the new energy model to buy insurance for fuel vehicles, although the price is relatively lower, but its protection is not perfect. Although the cost of new energy vehicle insurance is relatively more expensive, the protection is more comprehensive, which is conducive to the benign development of new energy vehicles.
More protection, more expensive premiums, I believe everyone can understand this truth. But how expensive are premiums? What is the reasonable price?
On December 30, 2021, the price of commercial insurance for Tesla's Model Y model fell by nearly 5,000 yuan compared with December 28. According to industry sources, the sharp rise in Tesla's premiums is due to problems with the system of the China Insurance Association, which has led to large fluctuations in premiums in the last few days of 2021.
According to Tesla's insurance business commissioner, in the future, Tesla will increase the benchmark premium of each model by about 15%, and then superimpose the independent pricing coefficient increased by various insurance companies, the terminal premium will rise by about 20%.
Conclusion: Captive insurance is good for the development of the industry
As the ownership of new energy vehicles in China rises year by year, more and more people are beginning to find that new energy vehicles and fuel vehicles are not suitable for the same kind of insurance, so the introduction of exclusive car insurance for new energy vehicles can alleviate the embarrassing situation of new energy vehicles in insurance to a certain extent.
In the long run, with the continuous accumulation of data on new energy vehicles by major insurance companies, the future measurement of the risk probability of new energy vehicles will become more and more accurate, so the premium of new energy vehicles in the future is likely to be reduced.
At the same time, as new energy vehicles continue to develop towards intelligence and networking, such as UBI insurance services that Tesla can determine the premium price according to the real car use of the owner, it is also likely to appear on the web pages of major domestic insurance companies at some time in the future to further protect the rights and interests of new energy vehicle owners.