How to buy comprehensive car insurance
As the number of cars continues to increase, car insurance has become the focus of car owners. Comprehensive car insurance (or “all-inclusive”) is popular for its comprehensive coverage, but how do you buy comprehensive car insurance to save money and worry? This article combines the hot topics and hot content on the Internet in the past 10 days to provide you with structured data and practical suggestions.
1. What does comprehensive car insurance include?
Fully insured auto insurance usually consists of two parts: compulsory traffic insurance and commercial insurance. Commercial insurance covers multiple sub-categories of insurance. The following are common comprehensive auto insurance packages:
| Insurance type | Coverage | Is it mandatory? |
|---|---|---|
| Compulsory traffic insurance | Third party personal injury and property damage | Yes |
| car damage insurance | Loss of own vehicle | No |
| Third party liability insurance | Third-party loss (recommended insurance amount is more than 1 million) | No |
| Vehicle occupants liability insurance | Injuries and injuries to passengers and driver of the vehicle | No |
| Excluding deductible insurance | Waiver of deductible amount | No |
2. 5 Key Steps to Buying Full Coverage Car Insurance
1.Assess needs: Choose an insurance combination based on vehicle value, frequency of use and driving environment. For example, it is recommended to add "scratch insurance" to new cars, while the insurance amount can be appropriately reduced for older cars.
2.Price comparison platform inquiry: Recently popular price comparison tools include Alipay car insurance, official websites of major insurance companies, etc. The following is a reference for the average price of fully insured auto insurance from mainstream insurance companies in 2023:
| insurance company | Average annual premium for 100,000 models | Average annual premium of 300,000 models |
|---|---|---|
| PICC Property & Casualty Insurance | About 4500 yuan | About 6800 yuan |
| Ping An Insurance | About 4300 yuan | About 6500 yuan |
| Pacific Insurance | About 4200 yuan | About 6300 yuan |
3.Pay attention to promotions: Recent popular promotions include “20% off for renewal 30 days in advance” and “free roadside assistance for new car owners in the first year”, etc.
4.Verify terms details: Pay special attention to the disclaimer clauses, such as whether "water insurance" covers engine damage caused by secondary start-up.
5.Electronic policy management: Now more than 90% of insurance companies support electronic insurance policies, which need to be properly saved and synchronized to the traffic management 12123 APP.
3. 3 purchasing misunderstandings that are hotly discussed on the Internet
1."Full insurance = full compensation": In fact, natural disasters, intentional acts, etc. are still exempt from liability.
2.“Small companies are unreliable”: Some emerging Internet insurance companies (such as ZhongAn) can achieve faster claims settlement through technological means.
3.“Compare only the price but not the service”: The claim settlement speed indicator is more important. The industry average claims settlement timeliness in 2023 is:
| Company type | Time limit for settlement of claims for small amount cases | Time limit for settlement of claims for large value cases |
|---|---|---|
| traditional insurance company | 1.2 days | 5-7 days |
| Internet insurance company | 0.5 days | 3-5 days |
4. Expert advice
1. It is recommended to increase the third-party liability insurance coverage to 2 million yuan. Recently, many luxury car accidents have resulted in compensation exceeding 1 million yuan, which has triggered heated discussions.
2. New energy vehicle owners need to pay special attention to whether the "three-electric system" is covered by the guarantee.
3. Through the "China Bank Insurance" official account, you can check the insurance company's complaint rate to assist in decision-making.
When purchasing comprehensive auto insurance, you need to comprehensively consider three major factors: protection, price, and service. It is recommended that car owners re-evaluate their needs before renewing their insurance every year and use price comparison tools and regulatory data to make the best choice. Remember, the most suitable insurance plan is the best!
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