Oil prices soared, and it is more economical to change new energy vehicles? Owner: Pay a premium once can add 50 tanks of fuel

Source of this article: Time Weekly Author: Xia Zixuan

Recently, the international crude oil price has risen rapidly, and many netizens have ridiculed that "filling a tank of oil can buy a bicycle, and the oil price is too expensive to buy new energy vehicles." "In fact, the premium of new energy vehicles is close to 15,000 yuan, and a single premium can fill 50 tanks of fuel."

In order to distinguish the auto insurance clauses of new energy vehicles and fuel vehicles, on December 14, 2021, the China Insurance Industry Association announced the Exclusive Clauses of the China Insurance Industry Association for Commercial Insurance for New Energy Vehicles (Trial Implementation) (hereinafter referred to as the "Clauses"). On December 27, 2021, the exclusive insurance product for new energy vehicles was officially launched.

New energy car insurance has been online for nearly 100 days, but many car owners have reflected that "car insurance premiums have risen by thousands of dollars, and the fuel money saved is not enough to pay premiums." A number of new energy car owners feedback, different models, the increase in between 20% -80%.

"The main reason for the rise in new energy vehicle insurance premiums is the iteration of new and old policies." Zhang Xiang, a researcher at the Automotive Innovation Center of North China University of Technology, told the Times Weekly reporter that the current policy of new energy vehicles is still in the early stage of experimentation, there is a debugging process, and there is room for further optimization of the insurance company's calculation model of premiums.

After the reform of new energy exclusive car insurance, although the premiums to be paid by new energy car owners have risen, the insurance rights and interests have also increased accordingly. Compared with the car insurance of traditional fuel vehicles, the insurance liability of new energy vehicle insurance is further enlarged, and it is more suitable for the characteristics of new energy vehicles, not only considering the spontaneous combustion risk of new energy vehicles, but also considering the damage risk of the "three electric systems" (that is, batteries, motors and electronic controls).

Premiums for high-end models have risen

The launch of new energy vehicle captive insurance has brought about the problem of "premium surge", especially Tesla's premium is as high as nearly 15,000 yuan / year.

A Tesla Model Y owner in Guangzhou provided information to the Times Weekly reporter that under the condition that the amount of insurance was basically unchanged, the car insurance quotation before the new regulations was 6321 yuan, of which the car damage insurance was 3896 yuan (284,000 insurance amount); after the new regulations, the car insurance quotation became 9292 yuan, of which the car damage insurance rose to 6022 yuan (286,000 insurance amount). Another Tesla Model Y owner revealed that the car insurance quotation before the new regulations was 8278.62 yuan, of which the car damage insurance was 5797.92 yuan (363,900 insurance amount); while the car insurance quotation became 14902.52 yuan after the new regulations, and the car damage insurance rose to 12736.43 yuan (363,900 insurance amount), which is close to the full insurance of the new Mercedes-Benz S-class.

The premiums of other new energy models have also been adjusted to varying degrees, and the degree of adjustment can be roughly divided into two categories: one is new energy vehicles with a price of more than 250,000 yuan, and the premium is mostly rising; the other is a new energy vehicle with a price of less than 250,000 yuan, and its premium is basically unchanged or even the price has declined.

According to the data provided by the car dealership, The ideal ONE premium before the new regulations was 6823.02 yuan and rose to 7357.39 yuan after the new regulations; the WEILAI ES8, which cost 448,000 yuan, the premium before the new regulations was 6141.68 yuan, and then rose to 7838.69 yuan after the new regulations; while the bydy Qin, which was priced at 173,300 yuan, was 4538.96 yuan before the new regulations, and dropped to 4303.23 yuan after the new regulations; the roewe price was 228,200 yuan, and the premium before the new regulations was 4902.06 yuan, which was reduced to 4548.8 yuan after the new regulations.

On March 16, a 4S shop staff in Guangzhou explained to the Times Weekly reporter that the sharp rise in premiums was mainly concentrated in new energy vehicles with a price of more than 250,000 yuan led by Tesla, which have a high degree of integration and are troublesome to maintain. "For example, a bumper, many car owners think that as long as a thousand pieces can be done, but the bumper of high-end cars is also equipped with radar, sensors, cameras and other equipment, maintenance may cost tens of thousands of yuan." The staff member said that the high difficulty of maintenance of high-end new energy vehicles and the high cost of maintenance are a major reason for the rise in the price of car insurance.

The increase in the price of car insurance is also related to the insurance rate of insurance companies.

On March 16, Bai Wenxi, chief economist of IPG China, told the Times Weekly reporter that the increase in premiums is mainly based on the insurance rate and loss rate of specific insurance types or insured objects, and the insurance companies and different insurance objects are not uniform.

According to the analysis report released by China Prudential, the insurance rate of household new energy vehicles is 11.7 percentage points higher than that of non-new energy vehicles, and the loss rate is 5.4 percentage points higher. In addition, some insurance companies revealed that Tesla's claim ratio reached 1:1.4, which is equivalent to every 1 yuan premium received by the insurance company, it will lose 1.4 yuan, and the net loss of the insurance company is 40%

Regarding the connection between the rise in new energy vehicle insurance costs and the insurance rate, Cai Yijun, deputy director of the Consumer Insurance Department of jiangsu Banking and Insurance Regulatory Bureau, explained that the basic premium of new energy vehicle clauses is not higher than before, and the main reason for the difference is the difference in various coefficients. For example, the NCD coefficient (no compensation preferential coefficient) fluctuates up and down according to the past insurance situation, and the number of insurance trips is high. Another example is the coefficient of autonomy, which is different for different brands or different models.

Protection is more targeted

Before the "Terms" were launched, new energy vehicles and fuel vehicles used the same set of "motor vehicle commercial insurance" car insurance clauses, which are now separately divided, although the premium price has changed compared with before, but the car insurance protection has been significantly improved.

Under the new regulations, the two types of car insurance of new energy vehicles and fuel vehicles include three main clause insurances of vehicle damage insurance, three insurance and vehicle personnel insurance, as well as a number of additional insurances. However, the new energy vehicle insurance has added the damage risk liability of the three electric systems (battery, motor and electronic control), which is the most core upgrade content of the new energy vehicle insurance.

According to the staff of the aforementioned 4S shop, the traditional car insurance did not include the three-electric system in the scope of claims, resulting in many car owners' battery failures to find insurance companies to settle claims. "Before, there were customers who thought that they only needed simple repairs, but in fact, the battery pack of the entire car needed to be replaced, and the cost could almost buy a new car." However, the insurance company refused to pay for the replacement of the battery on the grounds that the situation did not meet the conditions of the insurance. Judging from the actual terms, this owner can only eat dumb losses. ”

The Terms and Conditions specify that the scope of liability of new energy vehicle loss insurance includes direct losses of batteries, energy storage systems, motors and drive systems and other control systems caused by accidents (including fire and combustion). As long as the loss of the three-power system meets the requirements of the "Clause", it can be compensated.

In addition to the first inclusion of the three electric system, whether it is car damage insurance, three insurance, or car personnel insurance, there are new car fire protection, as well as driving, parking or charging and other scenarios, the occurrence of liability accident protection. Among them, the new energy vehicle damage insurance can also protect the body and other equipment at the factory compared with the fuel vehicle insurance, which is equivalent to tailor-made for new energy vehicles.

In terms of additional insurance, new energy vehicle insurance also combines the characteristics of new energy and has made further optimization: adding three more practical additional insurances of "external grid fault loss insurance", "self-use charging pile loss insurance" and "self-use charging pile liability insurance", while eliminating "special clauses except for engine water damage".

Specifically, the "external power grid fault loss insurance" can compensate for the damage caused by the instability of current and voltage during the charging process; the "self-use charging pile loss insurance" can pay the loss cost of the charging pile damage and theft; the "self-use charging pile liability insurance" can pay the compensation cost of injuring others or burning the vehicle next to it during the charging process.

Bai Wenxi said that the rise in premiums will affect the market image and brand image of the new energy automobile industry, which in turn will affect its market sales, and will force car companies to improve their product safety in the future.