After this reform, the minimum discount rate of auto insurance will be further reduced from the current 0.4335 to 0.3825, as low as 0.3375 in some areas, and even as low as 0.294 and 0.255 in Shenzhen and Beijing without considering the discount of traffic violation coefficient.
What impact does the second business reform have on customers?
Auto insurance customers with good driving habits and less compensation will have more favorable auto insurance rates. This fee reform will allow 60-70% of customers to enjoy a further decline in auto insurance rates.
What is the purpose of the second business reform?
The second reform of auto insurance rate lowered the lower limit of the floating coefficient of commercial auto insurance rate, which further benefited the market and reduced the level of commercial auto insurance rate by market-oriented means, benefiting thousands of households.
What is the scope of the second business reform?
The second commercial reform covers all motor vehicle insurance businesses except motorcycles and tractors.
What is the difference between the second commercial reform and the first commercial reform?
The second commercial reform mainly adjusts the independent underwriting coefficient and independent channel coefficient, and does not involve changes in terms.
Will the traffic violation coefficient be linked to the insurance discount?
At present, there are: Shanghai Commercial+Jiao Qiang; Beijing compulsory insurance+commercial insurance; Jiangsu Commercial Insurance; Shenzhen commercial insurance.
Is the discount of commercial insurance quotation linked to the number of risks?
The NCD coefficient reflects the historical number of vehicle accidents and directly participates in the calculation of commercial insurance premium. The change of NCD affects the calculation result of commercial insurance premium.
I bought insurance before the camp reform, and I have to add other types of insurance after the camp reform. How to calculate the premium?
Those who were insured before the business reform, but corrected after the business reform, still use the original rate.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.