The rise of new energy vehicle insurance premiums has car owners complaining——
"The gas you save is covered by insurance"
Widely observed
Text and photos / All media reporter Zhao Fangyuan of Guangzhou Daily
The recent rise in oil prices has made many fuel car owners envious of new energy car owners.
However, with the new round of price increases of new energy auto insurance, many netizens complained: "People are not as good as the sky, and the fuel costs are saved to buy insurance." Recently, the reporter visited the market and learned that the price increase of auto insurance is mostly concentrated in sales. For new energy vehicles with a price of more than 250,000 yuan, the premium will increase by about 2,000 yuan.
With the gradual increase of new energy vehicles, complaints about new energy vehicle insurance have increased.
According to industry analysis, at present, most domestic new energy vehicles on the market are under 150,000 yuan. Most of them are used for online car-hailing. The loss rate, accident rate, and maintenance cost are relatively high. high.
Although listed insurance companies are generally optimistic about the prospects of the new energy auto insurance market, the industry may still face the pressure of large underwriting losses in 2022.
New energy vehicle owners: premiums increase by 2,000 yuan a year
Mr. Chen, a new energy car owner who bought a Weilai ES6 in early 2020, told reporters that he renewed his insurance this year and found that the premium has risen significantly.
"I remember that last year's premium was quoted at more than 4,000 yuan. This year, the price went to 6,000 yuan, which is only 2,000 yuan more expensive in one year." Mr. Chen did not know the specific reasons for the sharp increase in the price of new energy auto insurance, but he felt that this year The whole industry is raising prices, and new energy vehicle owners can only accept this.
The recent rise in oil prices has made many fuel vehicle owners envious of new energy vehicle owners.
However, Mr. Chen said that the benefits are mostly early users of new energy vehicles.
"The electricity bill for new energy vehicles is relatively cheap, and I am an early user. I can change the battery for an unlimited number of times for free, and there is also a power station at the gate of the community." The rise in chip prices has led to an increase in the price of new energy vehicles, and the starting price of auto insurance premiums is high, which discourages many new car owners.
The reporter saw many riders complaining in the Xiaote community (Tesla Chinese online community).
A car owner from Shenyang, Liaoning once reported that the 2019 model 3 purchased before needs to be renewed in January this year. "Last year, the premium of Pacific Insurance was more than 5,000 yuan, and many insurance companies were contacted and no one renewed the insurance. Pacific's quotation has been rose to more than 9,000 yuan.”
When the reporter visited the offline stores of new energy vehicles, he learned that for a brand new energy vehicle with a price of 279,800 yuan, the lowest price for purchasing auto insurance is about 6,000 yuan, and there is no upper limit on the car insurance premiums matched according to customer needs.
Customers can freely choose an insurance company to purchase auto insurance, but sales generally recommend customers to purchase insurance from an insurance company that cooperates with car companies, on the grounds that "for the overall service guarantee".
More than 250,000 yuan of new energy vehicle auto insurance increased significantly
Regarding the increase in the price of new energy auto insurance, Tang Lei, a salesman of Huawei's auto insurance company, said: "It is mainly due to the increase in global raw material prices and the increase in the cost of car manufacturing related to car companies. If prices are not raised or the company cannot continue to operate, many new energy The price of the car itself is rising, and the price of auto insurance is also rising.”
The price increase is mainly in the car damage insurance part
During the interview, the reporter noticed that the price increase of auto insurance is more obvious for new energy vehicles of more than 250,000 yuan, and mainly in the part of auto damage insurance.
Industry insiders told reporters that there is little difference between third-party insurance for fuel vehicles and new energy vehicles; but due to their different structures, maintenance costs are also different. In general, new energy vehicles are more risky than fuel vehicles, while The maintenance cost and the accident rate are high, so the price adjustment of car damage insurance is relatively large.
A related practitioner of Ping An Property & Casualty told reporters that auto insurance for models below 100,000 yuan is almost the same, and for cars with high prices, auto insurance may increase by up to 40%.
According to the "Explanation on the Calculation and Adjustment of the Benchmark Pure Risk Premium Table for Exclusive Products of New Energy Automobile Commercial Insurance" previously issued by the China Association of Actuaries, compared with the current comprehensive reform benchmark premiums, the three-party insurance and auto damage insurance decreased by 0.8% as a whole, and the price of the increase was 0.8%. Existing policies accounted for 20.7%.
Among them, car damage insurance considers uncertain factors and introduces a risk margin according to the nature of vehicle use; considering the price sensitivity of existing new energy car owners when switching between new and old rates Rates decreased by 1.2%; car damage insurance policies decreased by 60.2%, unchanged by 21% and increased by 18.8%.
Therefore, the "China Insurance Association's New Energy Vehicle Commercial Insurance Exclusive Clauses (Trial)" issued by the China Insurance Industry Association guarantees that the price of new energy vehicles with a vehicle price of less than 250,000 yuan will not increase the price of the benchmark premium for auto damage insurance; The increase in actual benchmark premiums of the new car-making forces headed by Sla is more common.
Mainly due to the large difference in maintenance costs - Tesla, Xiaopeng, Weilai and other brands have fewer specialized repair institutions, and spare parts are more expensive, resulting in higher maintenance costs; new models built by traditional OEMs such as BYD and Dongfeng. For energy vehicles, in addition to the changes in the chassis structure, other accessories are derived from fuel vehicles, which are lower in cost and more convenient in the maintenance network.
New energy auto insurance complaints increase
It is worth noting that with the gradual promotion of new energy vehicles and the increasing number of ownership, related complaints are also gradually increasing.
The reporter noticed that there were a total of 9 complaints about "new energy auto insurance" on the Black Cat Complaint Platform, which mainly focused on the refusal of compensation by insurance companies, refusal of insurance to old customers, and premium price increases.
●Ping An Property & Casualty related practitioners told reporters that auto insurance for models below 100,000 yuan is almost the same, and for cars with high prices, the highest increase in auto insurance may reach 40%.
●The "China Insurance Association's New Energy Vehicle Commercial Insurance Exclusive Clauses (Trial)" issued by the China Insurance Industry Association guarantees that the price of new energy vehicles with a vehicle price of less than 250,000 yuan will not increase the price of the benchmark premium for auto damage insurance; The actual benchmark premium increase for the new car-making forces led by Lara is more common.
Listed insurance companies optimistic about the prospect of new energy auto insurance market
In fact, the overall performance of the auto insurance market was weak last year.
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 auto insurance and the frequent occurrence of natural disasters in 2021, listed insurance companies, including many leading insurance companies. are facing a significant increase in property insurance claims.
On the one hand, auto insurance premium income has declined as a whole.
Taking Ping An Property & Casualty as an example, in 2021, due to the comprehensive reform of auto insurance and fierce market competition, the original insurance premium income of Ping An Property & Casualty's auto insurance business will be 188.838 billion yuan, a year-on-year decrease of 3.7%.
On the other hand, the loss ratio and combined ratio generally increased.
Taking PICC P&C as an example, in 2021, due to factors such as the decline in average vehicle premiums and the increase in compensation liability, the motor vehicle insurance claim rate will be 70.1%, up 12.1 percentage points year-on-year; the comprehensive cost ratio will be 97.3%, up 0.8 percentage points year-on-year; 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 PICC and president of PICC Property and Casualty, said at the 2021 annual results conference that the new energy vehicle loss rate under the new terms will increase and the expense rate will decrease. "From the current data, we are confident that the company's new energy auto insurance business will remain profitable and keep pace with the overall auto insurance."
"Although the number of new energy vehicles continues to grow, and the insurance premiums are higher than that of fuel vehicles, the current market is mostly domestically produced new energy vehicles of less than 150,000 yuan, which are mostly used for online car-hailing. Costs are relatively high, so the overall new energy auto insurance profit was not high last year, and the industry will still face the pressure of large underwriting losses in 2022." An insurance agent told reporters.