Are the premiums for new energy vehicles the same as for fuel vehicles?

Recently, China Baoxin released a new energy auto insurance market analysis report, saying that the difference between the new energy vehicle payout ratio and the non-new energy vehicle is small, but the new energy vehicle single-average premium is 21% higher than the non-new energy vehicle, and the non-new energy vehicle is applied. Insurance terms and rates are difficult to objectively and reasonably manage the risks of new energy vehicles. The new energy vehicle insurance market is in urgent need of exclusive insurance terms and rate plans.

So, why is the premium for new energy vehicles higher than that of fuel vehicles? At what price is the new energy vehicle insured?

Why is the premium higher than the fuel car?

At present, the China Insurance Association has not formulated the exclusive insurance clause for new energy vehicles. When new energy vehicles are insured, they can only use the fuel vehicle insurance clauses.

Most domestic new energy vehicles can enjoy subsidies and the subsidy ratio is high. Due to the automatic quotation system for the premium of fuel vehicles, each insurance company can only refer to the price of the car before the subsidy when calculating the car insurance premium for new energy vehicles, resulting in excessive premiums.

Take the Roewe RX5 as an example. The fuel top version of this car is 186,800 yuan. Because there is no government subsidy, the insurance price is 186,800 yuan, and the commercial insurance plus insurance is about 6,900 yuan.

The Roewe RX5's pure electric top version has a guide price of 296,800 yuan, and the government subsidy price is 223,800 yuan, which is less than 40,000 yuan from the fuel top version. However, the insured price can only be calculated according to the price before the subsidy, that is, 296,800 yuan, and the commercial insurance plus the strong insurance totals about 8,700 yuan, which is about 1,800 yuan more than the fuel version.

Since the premium is calculated at the price before the subsidy, will it be paid at the price before the subsidy after the accident?

From the insurance companies such as PICC and Ping An Insurance, the price of the new energy vehicle Xiaoyan Xiaoyan is the same as that of the fuel truck. However, when the vehicle is scrapped due to an accident, the owner of the vehicle must pay the amount according to the amount on the purchase invoice, that is, the price after the subsidy.

How to buy a pure electric car insurance is more cost-effective?

The insurance and payment of pure electric vehicles are not a small expense. How to buy auto insurance is more cost-effective?

At present, pure electric vehicles are still referring to the auto insurance items of fuel vehicles. In addition to the purchase of strong insurance, commercial insurance and then purchase of vehicle damage insurance, third party liability insurance (500,000 or 1 million), excluding deductible is enough.

The power system of pure electric vehicles has undergone various rigorous tests in the research and development stage, such as fire, flooding, impact, and battery pack. Therefore, the probability of spontaneous combustion of pure electric vehicles may be smaller than that of gasoline vehicles in terms of spontaneous combustion.

The pure electric vehicle has a short cruising range, and many models have positioning and remote locking functions. Therefore, the spontaneous combustion and theft of the vehicle are both small probability events. It is of little significance to purchase self-inflation and stolen insurance.

As for the water-related insurance, its full name is “engine special loss insurance”, which is the insurance for the engine. Pure electric vehicles do not have an engine at all, so there is no need to buy water insurance.