New energy vehicle insurance, the premium has doubled, which ones should I buy?
With the rapid popularization of new energy vehicles in the mainland market, new energy vehicle owners are also facing some new considerations when purchasing car insurance. Compared with traditional fuel vehicles, the core components such as batteries and motors of new energy vehicles are expensive, and once damaged, the maintenance cost is high. New energy vehicles have special risks such as spontaneous combustion and water wading, and the cost of claims settlement also increases accordingly. When choosing car insurance, new energy vehicle owners not only need to purchase conventional compulsory traffic insurance, personal liability insurance, etc., but also need to focus on some additional insurance types specifically for new energy vehicles.
When new energy vehicle owners buy car insurance, the first thing they need to buy is the compulsory insurance prescribed by law - compulsory traffic insurance. The premium of compulsory traffic insurance is generally about 1,000 yuan/year, which is used to compensate for personal injury and property damage caused by the other party. In addition, liability insurance is also an indispensable insurance for new energy vehicle owners. The role of liability insurance is to provide compensation for personal injury and property damage caused by the other party in the event of an accident in the event of an accident, and it is recommended to set the insurance amount between 200,000 and 500,000 yuan.
Vehicle damage insurance is particularly important for new energy vehicle owners. Due to the high price of core components such as battery packs, motors, and electronic control systems of new energy vehicles, once damaged, the repair cost will be a large expense. Purchasing car damage insurance can greatly share this risk. Deductible liability insurance is also an additional type of insurance worth considering for new energy vehicle owners, which can ensure that car damage insurance and liability insurance are 100% compensated, and there is no deduction of deductible.
In addition to the above basic types of car insurance, NEV owners also need to focus on some additional types of insurance specifically for NEVs. For example, self-use charging pile loss insurance and liability insurance can provide protection for self-installed charging pile equipment; External Grid Failure Loss Insurance is used to compensate for the loss of vehicles due to grid failure while charging outside.
Since new energy vehicles have certain risks of spontaneous combustion and water wading, it is also wise to purchase spontaneous combustion insurance and water wading insurance. It is understood that in recent years, there have been a number of spontaneous combustion accidents of new energy vehicles in China, which have caused heavy losses to car owners. Wading in water may also lead to serious consequences such as short circuit in the battery and motor damage of new energy vehicles. When choosing car insurance, new energy vehicle owners must take these two additional types of insurance into consideration.
In addition to the above-mentioned additional insurance types exclusive to new energy vehicles, new energy vehicle owners also need to pay special attention to the product details and terms of insurance companies when choosing car insurance.
Different insurance companies have certain differences in the coverage and rate level of new energy vehicle insurance. For example, some companies may include the risk of damage to core components such as battery packs and motors in the scope of vehicle damage insurance, while others may make an exception and need to purchase additional insurance. For example, for the risk of spontaneous combustion, some companies classify it as car damage insurance, and some companies list it as spontaneous combustion insurance, etc. When choosing insurance companies and products, new energy vehicle owners must compare the coverage and rate levels of each one to choose the most suitable solution for their needs.
When purchasing car insurance, new energy vehicle owners should also carefully read the policy terms to understand the details such as the setting of the deductible and the claim process. Some insurers will advertise the coverage in order to attract customers, but in reality there are many exceptions to the terms. For example, for spontaneous combustion insurance, some companies stipulate that only the loss of the vehicle after the spontaneous combustion occurs, and does not cover the personal injury or death caused by it. For example, for water insurance, some companies stipulate that only the total loss of the vehicle will be compensated, and part of the loss will not be compensated. New energy vehicle owners must check the terms and conditions to avoid the situation that they have purchased insurance but cannot settle claims as scheduled.
In addition to the above-mentioned aspects that need to be focused on, NEV vehicle owners also need to comprehensively assess their actual needs and risk tolerance when choosing car insurance. For new energy vehicle owners who often drive on urban roads, they may need to pay more attention to the amount of liability insurance; For new energy vehicle owners who often drive long distances, they may need to pay more attention to the coverage of vehicle damage insurance. If you have installed your own charging pile at home, it is particularly necessary to purchase loss insurance and liability insurance for your own charging pile.