“Suddenly rose 1000 yuan, distressed!” Recently, some consumers in Guangzhou reported to reporters that the cost of their new energy vehicles increased sharply at the end of the year. According to the reader’s report, it is not only the premium increase of foreign brands Tesla, but also the insurance of domestic brands Xiaopeng, Weilai, Byd Company Limited(002594) and other new energy vehicles. Then, why did the premium of new energy vehicles rise collectively? What is the future development trend? In response to these problems, the reporter interviewed relevant people in the industry.
owner: the premium of new energy vehicles is generally increased
Recently, many new energy owners in Guangzhou told reporters that near the end of the year, they found that the premium had increased when renewing the insurance of their new energy vehicles. “A sudden rise of 1000 yuan!” Ms. Lu, who lives in Huangpu District, told reporters how she felt when she renewed her insurance a few days ago, Ms. Lu also said: “This is the second Tesla I bought. The first one was damaged by the battery in front of the car. When I asked about the maintenance, it would cost 100000 yuan to replace the battery, so I simply replaced it with the new Tesla Model y. But who would have thought that when I went to renew the insurance a few days ago, the auto insurance commissioner directly told me that the insurance premium has been increased by about 1000 yuan. I asked why the premium of electric vehicles has increased, and he said They only said that the maintenance cost of electric vehicles would be relatively high. I can\’t accept it, but I can\’t help it. “
In addition, Ms. Lu, the owner of Weilai, told reporters that the premium of its electric vehicle also increased by about 1000 yuan. “My insurance is about to expire. After consulting PICC and Ping An Property Insurance, I found that their renewal quotation increased by about 2000 yuan compared with last year.” Byd Company Limited(002594) Ms. LAN, the owner of the car, said: “I didn\’t have much accident last year. I don\’t know whether the premium increased because the parts of the oil car were cheaper, the parts of the electric car were more expensive and the cost was higher.”
Auto Insurance Specialist: the premium of electric vehicles is half that of oil vehicles
As a new energy owner, the reporter consulted a vehicle insurance specialist about the premium. Whether the premium this year is higher than last year, The auto insurance commissioner disclosed: “The insurance premium for new energy vehicles has risen across the country. The price rise is because new energy vehicles used the terms of traditional fuel vehicles last year. This time, the price has risen only after the exclusive insurance terms for new energy vehicles. At present, electric vehicle insurance will be about half more expensive than oil vehicle insurance. For example, the insurance premium for oil vehicles is 4000 yuan, and the insurance premium for electric vehicles is at least 6000 yuan.” When the reporter asked whether the insurance premium of oil electric hybrid vehicles would be cheaper, the vehicle insurance specialist said that oil electric hybrid vehicles are classified as new energy vehicles, and the premium collection standard is the same as that of electric vehicles.
According to people familiar with the matter, if consumers want to query the quotation of new energy vehicle insurance on the websites of major insurance enterprises, they can obtain the quotation of vehicle insurance only after showing their driving license and filling in the models used.
The reporter’s investigation found that at present, most oil vehicles or electric vehicles must buy auto insurance in the 4S store in the first year of new car purchase. For example, from this year, Tesla will buy insurance in its store in the first year of car purchase, at a cost of 10000 ~ 20000 yuan. In the second year of car purchase, it can buy insurance in an insurance company, at a cost of about 8000 ~ 9000 yuan.
In 2021, the quotation of Ping An auto insurance purchased by a Tesla owner in Guangzhou was about 7000 yuan. Picture provided by the interviewee
In 2022, some insurance companies quoted about 8000 yuan for the premium of Guangzhou Tesla Motors. Picture provided by the interviewee
relevant insurance enterprises: it is inconvenient to disclose the reason for price adjustment
What do insurance companies say about the increase in the premium of new energy vehicles? Recently, the reporter contacted some insurance enterprises in Guangzhou. Among them, the relevant person in charge of The People’S Insurance Company (Group) Of China Limited(601319) company said: “we have no authority to disclose the relevant conditions of new energy vehicle premium terms temporarily.” The person in charge of Ping An Property Insurance said: “this problem belongs to the industry. It is suggested to ask the association.”
The reporter then contacted Guangdong insurance industry association. However, the relevant person of the association said: “the question of new energy vehicle premium should be asked by enterprises such as Ping An and PICC. At present, we can\’t answer it.”
expert: the exclusive insurance terms for new energy vehicles are released, and the premium rise is reasonable
In fact, some experts pointed out that the release of exclusive insurance clauses for new energy vehicles and the decline of car purchase subsidies have led to the rise of new energy vehicle premiums this year.
It is understood that on December 14, 2021, the official website of China Insurance Industry Association published the exclusive terms of commercial insurance for new energy vehicles of China Insurance Industry Association (Trial) (hereinafter referred to as the exclusive terms), The exclusive terms include the China Insurance Industry Association New Energy Vehicle commercial insurance model terms (for Trial Implementation) and the China Insurance Industry Association new energy vehicle driver and passenger accident insurance model terms (for Trial Implementation). On December 27, the exclusive insurance for new energy vehicles was officially launched in Shanghai insurance exchange, and 12 property insurance companies including PICC Property Insurance, Ping An Property Insurance, CPIC property insurance, Taiping property insurance, Guoshou property insurance, China United Insurance, land insurance, Sunshine Property Insurance, Tian’an property insurance, Zhongcheng auto insurance, Asia Pacific Property Insurance and Samsung property insurance were approved to underwrite in the first batch.
Yang Zeyun, a teacher from the school of management of Beijing Union University, pointed out that the insurance of new energy vehicles was previously underwritten according to the insurance terms of traditional fuel vehicles, but due to the great differences between the two types of vehicles in terms of power system, vehicle performance, use mode and maintenance, the insurance loss rate of new energy vehicles as a whole is higher than that of traditional fuel vehicles, Therefore, the loss ratio of new energy vehicle insurance is generally high. This time, exclusive insurance clauses have been issued specifically for new energy vehicles. In addition to including the power battery of new energy vehicles in the scope of vehicle insurance, the liability for charging accidents that cannot be encountered by traditional fuel vehicles has also been included in the scope of insurance liability. Compared with the traditional fuel vehicle insurance, the loss rate of the insured amount of new energy vehicles is higher, coupled with the increase of the scope of insurance liability, compared with the previous vehicle insurance, the premium increase is reasonable.
With regard to the impact of the change in the premium of new energy vehicles, Buna Xin, vice president of the investment branch of China Council for the promotion of international science and technology, said in an interview with reporters that the sudden increase in the premium of new energy vehicles must have an impact on car buyers. The price adjustment of insurance companies also increased the purchase cost of new energy vehicles by more than 200000 yuan, This may lead high-priced car buyers to buy low-priced models. In the future, electric vehicle manufacturers and battery manufacturers need to further reduce the price of electric vehicles while improving the quality of vehicles, so as to maintain their market position.
It is understood that in addition to the increase in the purchase cost of new energy vehicles due to the price adjustment of exclusive insurance, the further decline of new energy vehicle subsidies in 2022 will also lead to a new round of price increase in the whole new energy vehicle market. The notice on the financial subsidy policy for the promotion and application of new energy vehicles in 2022 jointly issued by the Ministry of finance, the Ministry of industry and information technology, the Ministry of science and technology and the national development and Reform Commission clearly states that the subsidy standard for new energy vehicles in 2022 will decline by 30% on the basis of 2021. The original subsidy policy will be terminated on December 31, 2021.
