Recently, oil prices have been rising, making many fuel owners envious of new energy owners. However, with the new round of price increases in new energy vehicle insurance, many netizens complained: "People are not as good as the sky, and the fuel costs saved are used to buy insurance." Recently, the reporter visited the market and learned that the price increase of car insurance is mostly concentrated in new energy vehicles with a price of more than 250,000 yuan, and the premium increase is about 2,000 yuan. With the gradual increase of new energy vehicles, complaints about new energy vehicle insurance have risen.
According to industry analysis, at present, the domestic new energy vehicles on the market are mostly concentrated in less than 150,000 yuan, and the use of online car-hailing is mostly, and the compensation rate, insurance rate, maintenance cost, etc. are relatively high, so the overall new energy vehicle insurance profit last year is not high. Although listed insurance companies are generally optimistic about the prospects of the new energy vehicle insurance market, the industry may still face the pressure of large underwriting losses in 2022.
New energy vehicle owners: the premium increased by 2,000 yuan a year
Mr. Chen, a new energy vehicle owner who bought a Weilai ES6 in early 2020, told reporters that he found a significant increase in premiums when he renewed his insurance this year. "I remember that last year's premium quotation was more than 4,000 yuan, and this year's quotation went to 6,000 yuan, which was 2,000 yuan more expensive in one year." For the sharp price increase of new energy car insurance, Mr. Chen is not clear about the specific reasons, but he feels that the whole industry is raising prices this year, and new energy car owners can only accept this.
Recently, oil prices have risen one after another, which can't help but make many fuel owners envious of new energy owners. However, Mr. Chen said that most of the beneficiaries are the early users of new energy vehicles. "The electricity cost of new energy vehicles is still relatively cheap, and I am an early user, I can change the battery for free for an unlimited number of times in my lifetime, and there are also replacement power stations at the entrance of the community." After comparing the cost analysis of fuel vehicle premiums, Mr. Chen said that due to the current increase in the price of battery raw materials and chips, the starting price of new energy vehicles has been very high, which has deterred many new car owners.
The reporter saw many riders complaining in the small special community (Tesla Chinese online community). A car owner from Shenyang, Liaoning Province, once reflected that the 2019 Model 3 purchased before needed to be renewed in January this year, "Last year, the premium of Pacific Insurance was more than 5,000 yuan, and a number of insurance companies were contacted without renewing the insurance, and the Pacific quotation has risen to more than 9,000 yuan."
When the reporter visited the offline store of new energy vehicles, he learned that a brand of new energy vehicles priced at 279,800 yuan had the lowest price of car insurance at about 6,000 yuan, and the car insurance premiums matched according to customer needs were unlimited. Customers are free to choose the insurance company to buy car insurance, but sales generally recommend that customers buy insurance at insurance companies that cooperate with car companies, on the grounds that it is "for the sake of overall service protection".
New energy vehicle insurance of more than 250,000 yuan has increased significantly
For the price increase of new energy vehicle insurance, Tang Lei, a car salesman of Huawei, said: "Mainly subject to the rise in global raw material prices, the increase in car manufacturing costs related to car companies, no price increase or can not continue to maintain the company's operation, many new energy vehicles themselves are rising in price, and car insurance is also following the trend of price increases." ”
The price increase is mainly in the car damage insurance part
During the interview, the reporter noted that the more obvious price increase of car insurance is new energy vehicles of more than 250,000 yuan, and it is mainly in the part of car damage insurance. Industry insiders told reporters that for fuel vehicles and new energy vehicles, the difference between third-party insurance is not large; but due to the different structures of the two, maintenance costs are not the same, in general, the risk of new energy vehicles is greater than that of fuel vehicles, and the maintenance cost and insurance rate are high, so the price adjustment of vehicle damage insurance is larger. Ping An property and casualty related practitioners told reporters that car insurance for models below 100,000 yuan is almost flat, and the highest increase in car insurance may reach 40% for cars with high prices.
According to the "Explanation on the Adjustment of the Benchmark Pure Risk Premium Table for Exclusive Products of New Energy Vehicle Commercial Insurance" previously issued by the China Association of Actuaries, compared with the current comprehensive reform benchmark premium, the overall decline of the three insurance and car damage insurance is 0.8%, and the existing insurance policies with increased prices account for 20.7%. Among them, the car damage insurance considers the uncertainty factors and introduces the risk margin according to the nature of the vehicle use; considering the price sensitivity of the existing new energy vehicle owners when the new and old rates are switched, the car price below 250,000 yuan is maintained without increasing the fee, and the car damage insurance rate is expected to fall by 1.2%; the car damage insurance policy is reduced by 60.2%, 21% unchanged, and 18.8% increased.
Therefore, the "Exclusive Clauses for Commercial Insurance of New Energy Vehicles of the China Insurance Industry Association (Trial)" issued by the China Insurance Industry Association does not increase the benchmark premium of the new energy vehicle with a price of less than 250,000 yuan; while the actual benchmark premium of the new car-making forces led by Tesla is more common. Mainly due to the large difference in maintenance costs - Tesla, Xiaopeng, Weilai and other brands have fewer specialized repair agencies, and spare parts are more expensive, resulting in higher maintenance costs; by BYD, Dongfeng and other traditional OEMs made of new energy vehicles, in addition to changes in chassis structure, other accessories are from fuel vehicles, the cost is lower, and the maintenance network is more convenient.
Complaints about new energy vehicle insurance have increased
It is worth noting that with the gradual promotion and ownership of new energy vehicles, related complaints are also gradually increasing. The reporter noted that there are a total of 9 complaints about "new energy vehicle insurance" on the black cat complaint platform, mainly focusing on the problems of insurance companies refusing to pay, refusing to insure old customers, and increasing premium prices.
● Ping An Property & Casualty related practitioners told reporters that car insurance for models below 100,000 yuan is almost flat, and the highest increase in car insurance may reach 40% for cars with high prices.
●The "Exclusive Clauses for Commercial Insurance of New Energy Vehicles of the China Insurance Industry Association (Trial)" issued by the China Insurance Industry Association does not increase the price of the benchmark premium of the new energy vehicle guaranteed vehicle damage insurance with a price of less than 250,000 yuan; while the actual benchmark premium of the new car-making forces led by Tesla is more common.
Listed insurance companies are optimistic about the prospects of the new energy vehicle insurance market
In fact, the overall performance of the auto insurance market last year was weaker. According to the annual report data recently disclosed by listed insurance companies, the reporter learned that with the increase in the loss rate after the comprehensive reform of automobile insurance, the frequent occurrence of natural disasters in 2021 and other factors, listed insurance companies, including many head insurance companies, are facing a significant increase in property insurance claims.
On the one hand, car insurance premium income has declined overall. Taking Ping An Property & Casualty as an example, in 2021, due to factors such as comprehensive reform of auto insurance and fierce market competition, the original insurance premium income of Ping An Property & Casualty's auto insurance business was 188.838 billion yuan, down 3.7% year-on-year. On the other hand, the payout ratio and the combined cost ratio have generally increased. Taking PICC Property & Casualty Insurance as an example, in 2021, due to the decline in average vehicle premiums and the increase in compensation liability, the motor vehicle insurance compensation rate was 70.1%, up 12.1 percentage points year-on-year; the comprehensive cost ratio was 97.3%, up 0.8 percentage points year-on-year; and the underwriting profit was 6.672 billion yuan, a year-on-year decrease of 24.3%.
Despite this, listed insurance companies are still optimistic about the development prospects of the new energy auto insurance market. Yu Ze, vice president of Chinese Insurance and president of PICC Property & Casualty Insurance, said at the 2021 annual results conference that the loss ratio of new energy vehicles under the new terms has risen and the expense ratio has declined, and it is expected that the company's car insurance loss rate will rise slightly in 2022, and the expense rate will decrease slightly, "From the data currently available, we are confident that the company's new energy vehicle insurance operation will remain profitable and align with the overall car insurance." "Although the ownership of new energy vehicles continues to grow, compared with the fuel vehicle premium is higher, but the current market is mostly concentrated in less than 150,000 yuan of domestic new energy vehicles, the use of online car-hailing mostly, the loss rate, insurance rate, maintenance costs, etc. are relatively high, so last year's overall new energy vehicle insurance profits are not high, in 2022 the industry is still facing the pressure of large underwriting losses." An insurance agent told reporters.
(Guangzhou Daily)
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