Insurance industry: Since April, the cost of auto insurance has ushered in huge changes!

There are more and more friends who own private cars, and if you own a private car, then you have to face a problem and buy car insurance.

Generally speaking, it is common to buy car insurance with a certain discount. Generally speaking, the insurance discount is the largest in the first year, and as the time increases, the discount margin of insurance will also decrease, and the discount margin is almost no after the fourth or fifth year.

Let me explain to you that the so-called preferential rebates are often commercial insurance, such as the vehicle and vessel tax that we are familiar with, and there is basically no preferential rebate for compulsory traffic insurance.

Many commercial insurance for the first year of a new car are discounted a lot, and some commercial insurance can even get 60% rebate. But now that that's over, auto insurance is undergoing a major change.

Since April 15, the insurance company industry has held a meeting on car insurance, and the meeting believes that the cost of car insurance in China is now very high, and even has been hovering between profit and loss. You must know that the original car insurance is definitely a cash cow, so the insurance industry has decided to self-discipline and will strictly control the cost of car insurance. To put it simply, there will be no more discounts.

In fact, there are auto insurance self-regulation activities every year, but because each insurance company wants to expand its market share, the same price is simply a "catastrophe" for a small insurance company. If there is no price advantage, then these small car insurance company advantages will no longer exist, so these policies themselves are more advantageous for large insurance companies. So even if the price is self-disciplined, often those small insurance companies will give a certain discount, and then the price alliance will collapse.

This time, car insurance has undergone major changes, starting from three aspects.

The first is to strictly control the cost of car insurance, and no rebates or additional benefits are allowed to be given to the policyholder.

The second is to make it clear that cashback or other valuable goods are commercial bribery. This time, the issue of car insurance cashback has risen to a relatively high level, but the amount of car insurance rebate is not very large, so I think whether it is a commercial bribery is debatable.

The third is to conduct a long-term return visit to the user who has changed the insurance after the insurance is released, and if the rebate is found to be reversed, then the business cooperation with the cooperative network will be suspended, and the party will also be held accountable. To explain to you, some policyholders feel that their car insurance is too high and will surrender their insurance, and then choose a lower-priced insurance company to renew their policy. Once these users who have been out of insurance and changed their insurance are paid a return visit, it is almost certain that these insured users are likely to have accepted the cashback activity.

Suddenly I remembered that two years ago, there was an alliance that brought together major car companies, saying that the industry self-discipline and the abolition of price stations would allow car companies to obtain more beautiful profits and make the development of the industry more benign and standardized. As a result, after only one day of implementation, many netizens questioned that this involved an industry monopoly, and then the price alliance collapsed.

In fact, the auto insurance industry's price self-discipline is very similar to the auto car alliance! So how long do you think this price self-discipline will last, or will it be normalized in the future?