Reporter Leng Cuihua
Recently, the large-scale wave of car price reduction promotions has aroused social concern. Some consumers are concerned about the car price reduction promotion, will the price of car insurance also fall? At the same time, how will premiums change in the motor insurance industry?
According to the industry insiders interviewed, according to the car insurance price calculation method, the purchase price of the vehicle does not directly affect the car insurance premium, and the short-term car promotion will not have a direct impact on the car insurance price, but the car price reduction will bring certain troubles to the insurance company's car damage insurance amount determination. From the perspective of the auto insurance industry, the new auto insurance premiums are mainly closely related to the overall situation of the auto consumer market, and the current auto price reduction promotion has not yet significantly boosted sales, and it is expected that the auto insurance industry premiums will remain stable.
Changes in car prices do not directly affect
Cycling insurance prices
Since February, many provinces and cities have introduced policies to promote automobile consumption and stimulate the release of demand. At the same time, the tide of car price cuts continues to spread. How will car insurance prices change under such circumstances?
According to the Model Clauses for Motor Vehicle Commercial Insurance (2020 Edition) issued by the Insurance Association of China, commercial auto insurance is divided into main insurance and supplementary insurance, and the main insurance includes three independent types of insurance: motor vehicle damage insurance (hereinafter referred to as "vehicle damage insurance"), motor vehicle third-party liability insurance (hereinafter referred to as "three liability insurance"), and motor vehicle personnel liability insurance (hereinafter referred to as "vehicle personnel liability insurance"). Bai Kuiyao, deputy general manager of Changan Insurance's auto insurance department, told reporters that in these three types of insurance, the change in car prices will not affect the three liability insurance and vehicle personnel liability insurance, and usually, it will not affect the price of car damage insurance, because after the comprehensive reform of car insurance, car damage insurance is priced according to the model, each car will have a unique industry model code, each model code corresponds to a car damage insurance premium, regardless of the price reduction or price increase of the model, will not affect its car damage insurance premium.
So what are the factors that affect the price of car insurance? Bai Kuiyao said that in the case that the vehicle has been determined, it is mainly the change in the independent pricing coefficient of the insurance company that affects the price of car damage insurance.
It is worth noting that although changes in car prices do not directly affect the price of car insurance, they will have an impact on the amount insured against car damage. The insured amount of vehicle damage insurance is determined by the actual value of the insured motor vehicle at the time of application, and the actual value of the insured motor vehicle at the time of insurance application is determined by the price negotiation between the applicant and the insurer based on the purchase price of the new car minus the amount of depreciation at the time of application or other fair market value negotiations. Theoretically, when the price of a car falls, the amount of damage insurance insured will also decrease.
However, in reality, the sharp decline in cars or subsidies has caused certain difficulties for insurance companies to determine the amount of car damage insurance. Deng Liming (pseudonym), the person in charge of car insurance of a property insurance company, told reporters that insurance companies generally determine the insured amount based on the car price or invoice price of the third-party garage; If the customer receives a subsidy, the actual price paid is different from the price of the car or invoice for the entire garage, which may cause some problems. For example, the guidance price of a car is 22,17 yuan, the invoice price is 1,9 yuan, and the owner returns 13,<> yuan after one month, and the actual price paid by the owner is <>,<> yuan. At the time of insurance, whether it is determined by the guidance price or the invoice price, the insured amount is higher than the actual car price, so when the total loss of the car or the presumptive total loss, the compensation according to the insured amount may produce the phenomenon of unjust enrichment.
"This risk needs to be prevented, and insurance companies try to determine the sum insured based on the actual price paid by consumers, but it is difficult to do so; Or introduce relevant regulations, if the car has a total loss, but the insured amount is higher than the actual price paid by the consumer, the consumer should refund the subsidy. Deng Liming said.
Car insurance premiums
Expected to remain stable
Car price reduction promotions have limited impact on the price of bicycle insurance. From an industry perspective, how will motor insurance premiums change? Industry insiders believe that the new auto insurance market is mainly related to the overall market situation of automobile consumption, and is expected to remain stable.
Peng Yong, founder of Beijing Newton Mathematics, president of Changzheng Research Institute and special insurance technology expert of the Insurance Society of China, said that from the current data, the wave of automobile promotion has not yet brought about an increase in overall sales. At the same time, a dealer survey recently conducted by the China Automobile Dealers Association showed that 51% of dealers said that the transaction rate in March "decreased", and 3.36% said that the transaction rate was "basically flat". "The impact of the car price reduction tide is more the urgency of customers to buy cars, consumers are in a wait-and-see mood, which will affect car sales in the short term, but in the medium and long term, the impact is minimal." Peng Yong analyzed.
From another perspective, Peng Yong believes that if the car price reduction promotion can bring a significant increase in sales, even if some insurance companies slightly reduce the premium of car damage insurance to cope with the fierce competition in the market, the overall premium of new car insurance in the whole industry will continue to maintain steady growth, because this decline is very small and the overall impact is minimal.
Xiong Wen (pseudonym), the head of auto insurance at another property insurance company, believes that car sales are generally short-term phenomena, and price wars are not long-term solutions; At the same time, the current promotion has not produced a significant pulling effect on the sales side. Therefore, from the motor insurance market as a whole, premiums are not expected to fluctuate significantly. (Securities Daily)