Beijing auto insurance rates will be based on risk models developed floating coefficient – Automotive repair and maintenance industry
Intense performances of Toyota Vehicle recalls also affected Car insurance Premium. According to "Changsha Evening News" reported that some insurance companies have increased the level of Toyota car insurance rates, the maximum increase up to 4 percent. Reporter was informed yesterday from the insurance companies who, in Beijing specifically for the insurance company has not yet Toyota and price increases. However, according to Beijing Insurance Association said Li Feng, director of auto insurance, the future risks based on different models to work out the relevant floating coefficient.
Japanese car insurance premiums than similar models
Insurance Regulatory Commission said yesterday that the relevant parties and have not heard of insurance companies specifically for the Toyota vehicle recalls, and improving vehicle premiums. China Joint analysis of the North points to auto insurance department, said the field is likely to improve Toyota auto insurance premium discount is no longer a low discount, and to float the basis of the premium.
PICC-related sources, as early as a year ago, the entire industry on the rate for Japanese cars have control. The source said the loss ratio by comparing the situation found that Japanese cars are more dangerous condition of the situation, and parts prices are more expensive, leading to Peifu volume than other models.
"Rate control measures include the control of nuclear security, such as properties, especially the bad, dangerous condition of the high rate of Japanese cars may be refused coverage." PICC pointed out above, the loss ratio was stuck atop circumstances, can only raise the premium, the premium Japanese cars generally higher than the price of the vehicle similar to your point.
According to report, such as PASSAT ( Gallery Forum ) , Mondeo ( Gallery Forum ) , Accord ( Gallery Forum ) Several high-class cars such as the premium offer, the Department of Che Sunxian Buick lowest cost, higher Accord and other Japanese car series; insurance Daoqiang Xian, Regal ( Gallery Forum ) , PASSAT, Mondeo and other basic part of the same risk level, Accord relatively high rate because of dangerous condition, the disparity in the level of risk, the rate coefficient is higher than other models.
Next consider the introduction of pricing by car
Although the different models affect the insurance premium, but the main reference of the domestic insurance companies or loss ratio, and there is no uniform price for the car industry standards.
"Foreign price premiums according to the car already use for many years, the domestic because of the lack of relevant data, has yet to launch a unified standard pricing models." CIRC say, China Insurance Regulatory Commission has conducted more than a year The project research.
According to report, insurance companies, auto insurance terms submitted to the CIRC, and do not specifically address the terms of a single model.
While in Beijing on January 1 this year, since introduction of the new floating rate commercial auto insurance program auto insurance premiums and claims floating the main frequency of claims linked to the amount of factors.
Beijing Insurance Association, said Li Feng, director of auto insurance, the future will certainly be based on different models of the risks, formulate a correlation coefficient of floating, but not specifically for Toyota introduced the floating standard. (Yin Jie Xie Tao)
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