How cost-effective it is to buy car insurance
As the number of cars continues to increase, how to buy a cost-effective insurance for their cars has become the focus of many car owners. This article will combine the hot topics and hot content on the Internet in the past 10 days to provide you with detailed analysis from insurance types, purchasing channels, money-saving tips, etc., to help you make a wiser choice.
1. Main types of car insurance
Car insurance is usually divided into two categories: compulsory traffic insurance and commercial insurance. Compulsory traffic insurance is compulsory to purchase by the state, while commercial insurance can be chosen flexibly according to personal needs. The following are common commercial insurance types and their characteristics:
| Insurance type | Coverage | Suitable for the crowd |
|---|---|---|
| Third party liability insurance | Compensation for personal injury and property damage to third parties | All owners |
| car damage insurance | Compensate for damage to your own vehicle | New or high-priced car owners |
| Theft and rescue | Compensation for vehicle theft and robbery losses | Car owners in high-risk areas |
| Vehicle occupants liability insurance | Compensation for casualties on the vehicle | Car owners who frequently transport passengers |
| Excluding deductible insurance | Exempt insurance company’s deductible portion | Car owners who want to receive full compensation |
2. How to choose an insurance portfolio that suits you
Based on the recent hot topics of discussion on the entire Internet, we have summarized recommended insurance solutions under different circumstances:
| Vehicle condition | Recommended insurance package | Average annual premium reference |
|---|---|---|
| New car (100,000-200,000) | Compulsory traffic insurance + car damage insurance + three party insurance (1 million) + excluding deductibles | 4000-6000 yuan |
| 3-5 years old cars | Compulsory traffic insurance + third party insurance (500,000) + car damage insurance | 3000-4500 yuan |
| Used cars over 5 years old | Compulsory traffic insurance + three party insurance (500,000) | 2000-3000 yuan |
| High-end cars (more than 500,000 yuan) | Compulsory traffic insurance + car damage insurance + three party insurance (2 million) + glass insurance + designated professional training | 10,000-15,000 yuan |
3. Tips to save money when buying car insurance
1.Compare prices from multiple locations: The difference in quotes from different insurance companies may reach 20%. It is recommended to compare quotes from at least 3-5 companies.
2.Choose the right channel:
| Purchase channels | Discount margin | Features |
|---|---|---|
| Insurance company official website | 15-25% | Transparent prices and guaranteed services |
| Third party platform | 20-30% | Many discounts, you can compare multiple companies |
| 4S store | 5-10% | Convenient but expensive |
| Telemarketing | 10-20% | Additional gifts may be given |
3.Adjust insurance content: Adjust the insurance amount and insurance types according to the vehicle usage, such as reducing unnecessary additional insurance.
4.Take advantage of the no-reimbursement offer: If you have no claims for 3 consecutive years, you can enjoy a premium discount of up to 60%.
5.Follow promotions: Insurance companies often launch discounts at the end of the year and during holidays, so you can seize the opportunity to purchase.
4. Recent hot insurance topics
1.New energy vehicle insurance: With the popularity of new energy vehicles, exclusive insurance products have become a hot topic, and the premiums are usually 10-15% higher than those of fuel vehicles.
2.UBI insurance: The insurance model based on driving behavior is emerging. Driving habits are recorded through on-board devices, and premium discounts can be obtained for safe driving.
3.Internet insurance platform: Insurance products launched by platforms such as Alipay and WeChat are favored by young car owners due to their convenience and price advantages.
4.Shared car insurance: Special insurance solutions for shared car usage scenarios have become a new focus in the industry.
5. Things to note when buying insurance
1. Read the insurance terms carefully, especially the disclaimers and claims conditions.
2. Confirm the insurance company’s service network and claim settlement efficiency to avoid claims settlement difficulties.
3. Renew your insurance in time to avoid being unable to make claims due to accidents during the out-of-warranty period.
4. Keep insurance documents and relevant certificates for easy use when making claims.
5. Truthfully inform the vehicle condition and driver information to avoid denial of compensation due to false information.
Through the above analysis and suggestions, I believe you will have a clearer understanding of how to buy cost-effective car insurance. Remember, the cheapest insurance is not necessarily the best. Choosing an insurance plan that suits your actual situation is the real deal.
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