There are new energy car owners in Hangzhou who plan to retire after the holidays and buy Tesla in response to the “surging premiums”: the average increase is about 10%, and high-performance models do not exceed 20%.
Metropolitan Express News Recently, with the launch of exclusive products for commercial insurance of new energy vehicles, new energy vehicles have opened the era of exclusive auto insurance. However, car owners soon discovered that the premiums of some new energy vehicles have also risen to varying degrees. Tesla, in particular, has seen a large price increase, with the highest increase nearly doubling (for details, please refer to the report on the A12 version of the Express on December 30, 2021. “New energy vehicles have exclusive insurance premiums that will increase by 80% overnight? Insurance companies: overall Up and Down”).
In the past two days, premiums are still a hot topic on the forum of new energy car owners, but some car owners started to discuss: Tesla’s premiums have been quietly reduced again, and the reduction is also very large. Come and go, the difference may be five or six thousand yuan. Under such circumstances, can I cancel the insurance and buy the insurance again?
Yesterday, Mr. Wei, the owner of Tesla in Hangzhou, broke the news to the Express reporter that he had contacted Tesla’s insurance consultant and the insured PICC P&C. The other party replied that the premium has indeed been reduced, and car owners who have bought high-priced insurance before can surrender the insurance.
Hangzhou Tesla owners plan to retire and buy after the holiday
Mr. Wei bought the Tesla Model Y long-life version, the price is 347,000 yuan. “On December 28, 2021, I checked on the official website, and it showed that the premium was only 7,000 yuan. I didn’t expect that the insurance consultant gave a quotation of 13,400 yuan when the actual purchase was made on the same day. I asked how it is different from the official online quotation. She said that it would be subject to the quotation in the insurance system and provided a link to Tesla for me to click in. It was indeed more than 13,400 yuan. I can only buy it at this price.”
In the past two days, seeing netizens discussing Tesla’s premium reduction in the forum, Mr. Wei hurriedly asked the Tesla insurance consultant who was in contact with him, and the answer was: The premium has indeed been reduced, and you can refund and buy it again. And will arrange for people from the insurance company to assist in the surrender process. “However, Tesla’s insurance consultant said that before New Year’s Day, the insurance company needs to close the accounts and check the accounts, so it can only be processed after the New Year’s Day holiday. After that, I contacted the PICC staff and they said that they would make unified arrangements and let me prepare them. A copy of the bank card number, account opening bank, and front and back of the ID card.”
Mr. Wei estimated that because there was a New Year’s holiday in between, one or two hundred yuan of premium may be deducted after the surrender of the policy, but some losses can always be recovered by surrendering the policy. As for the new premium, he said that it is still unclear. .
In addition, a reporter from Express News found in the car owners forum that some netizens left a message saying that they did not agree to go to the counter to cancel the insurance, and requested to do it online. The insurance company also agreed.
The person in charge of the auto insurance department of an insurance company in Hangzhou said that if the car owner feels that the purchase is expensive, he can consider surrendering the insurance and repurchase. However, it should be noted that there will be differences in the reinsurance premiums for new cars that have been insured. “It is recommended to calculate the difference in advance and take into account that there may be no renewal discounts after surrender.”
New energy car companies have responded to rising premiums
Regarding the increase in premiums of some Tesla models that have attracted a lot of attention in the past few days, related Tesla staff also sent a statement to Express reporters yesterday:
“Recently, with the launch of new energy vehicle exclusive insurance, we have also received some inquiries about premium fluctuations. Vehicle insurance is one of the important components to protect users’ car experience. We are also very concerned about the changes in car insurance prices and regularly Follow-up changes. Different insurance companies, different regions, and different models have slightly different growth rates. According to statistics on December 30 (2021), Tesla’s vehicle insurance premiums have increased by about 10% on a national average. More concerned The premium for the high-performance version of the model will increase within 20% of the national average. Please refer to the local insurance company’s quotation for the specific amount. Thank you for your attention and support to Tesla.”
The industry believes that the cost of insurance policies for new energy vehicles is mainly reflected in two aspects, one is that the maintenance is expensive, and the other is that the risk rate is relatively high. According to the “New Energy Vehicle Commercial Insurance Exclusive Clause (Trial)”, the new energy exclusive vehicle insurance launched on December 27, 2021 will further enlarge the insurance liability and better match the usage and risks of new energy vehicles. This may also lead to some models Increase in premiums.
In addition to Tesla, Xpeng Motors has also recently released the “Explanation on the Changes in the Premium Changes of Commercial Auto Insurance for Xpeng Brand Models in New Energy Auto Insurance Products”, stating: “According to the feedback from various insurance companies on the 28th (December 2021) In terms of national insurance premiums, Xiaopeng Automobile’s entire line of models has an average increase of 2.9%-18.2% (the increase varies slightly between different insurance companies, different regions, and different models). Please refer to the local insurance company’s quotation for the specific amount.”
Weilai said that the 2021 version of the user worry-free package that the company provides to users includes premiums and related service rights. After the auto insurance fee is changed, the service package price remains unchanged. For the worry-free insurance package that does not include the insurance cost, the cost will be adjusted according to the insurance company’s pricing.