How do insurance premiums increase after an accident?
Recently, the topic of auto insurance premium adjustments has attracted widespread attention, especially the issue of rising premiums after an accident has become the focus of heated discussion among car owners. This article will combine the hot data from the entire network in the past 10 days to analyze the rules, influencing factors and response strategies for premium increases after an accident, to help car owners better understand the pricing logic of insurance companies.
1. The relationship between the number of accidents and the increase in insurance premiums
According to insurance industry data, the number of accidents directly affects the fluctuation range of premiums in the following year. The following are the premium adjustment ratios for common commercial auto insurance (calculated based on the base premium being 100%):
| Number of accidents | Premium rising ratio | Discount disappears |
|---|---|---|
| 1 time | 10%-30% | Yes |
| 2 times | 20%-50% | Yes |
| 3 times | 50%-100% | Yes |
| 4 times and above | May be denied insurance | - |
2. Key factors affecting premium increase
1.Claim amount: A single claim exceeding 60% of the premium may trigger a higher increase
2.Responsibility determination: The increase in accidents with full responsibility is about 30% higher than that of accidents with secondary responsibility
3.vehicle type: The price of luxury cars is 20%-40% higher than that of ordinary family cars.
4.Regional differences: The growth rate in first-tier cities is generally higher than that in second- and third-tier cities
3. The latest premium adjustment cases in 2024
| Case type | Original premium (yuan) | Disaster situation | Renewal premium (yuan) | Increase |
|---|---|---|---|---|
| family car | 3500 | 1 full liability (claim 8,000 yuan) | 4550 | 30% |
| SUV | 4800 | No responsibility for 2 times (claim 3,000 yuan) | 5760 | 20% |
| New energy vehicles | 5200 | 3 times full liability (claim 15,000 yuan) | 7800 | 50% |
4. How to reduce the impact of premium increases
1.Self-repair for minor accidents: It is recommended not to take insurance if the loss is less than 2,000 yuan.
2.Take advantage of no-compensation benefits: If you have no claims for 3 consecutive years, you can enjoy a discount of up to 43% off
3.Adjust insurance plan: Appropriately increasing the insured amount of three-party insurance can reduce the increase
4.Compare prices from multiple locations: Different companies have different risk determination standards.
5. New trends in the industry
According to the latest data from the China Banking and Insurance Regulatory Commission, the comprehensive loss ratio of auto insurance in Q1 2024 will rise to 65.2%, causing many insurance companies to tighten underwriting policies:
- Ping An Property & Casualty: A 15% surcharge will be added to customers who have been insured more than three times within three years.
- PICC Property & Casualty Insurance: The accident insurance rate of new energy vehicles is 10 percentage points higher than that of fuel vehicles
- CPIC Property & Casualty Insurance: Implementing the "Good Driving Discount Program", you can enjoy an extra 10% off when installing OBD equipment
6. Expert advice
Insurance researcher Li Ming pointed out: "In 2024, premium pricing will pay more attention toindividual risk profile, it is recommended that car owners:
① Priority will be borne by the individual party for losses within RMB 3,000 due to accidents.
② Reasonable use of the "accident liability division" consultation mechanism
③ Pay attention to the driving behavior discount programs launched by insurance companies"
From the above analysis, it can be seen that rising premiums after an accident is an important means of risk management and control for insurance companies. Car owners should rationally choose a claim settlement plan based on the actual circumstances of the accident and maintain good driving habits in order to achieve optimal control of premium costs.
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