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What is the relationship between the number of auto insurance claims and the premium?

Now many cars will buy insurance. Buying insurance is also a guarantee for cars. Cars are prone to accidents in the process of use, so insurance companies need to settle claims. In fact, the settlement of auto insurance claims is directly related to the premium. If you often take insurance in case of vehicle accidents, the premium will naturally be much more expensive. What is the relationship between auto insurance claim and premium?

What is the relationship between the number of auto insurance claims and the premium

The floating or preferential premium rate of renewal insurance is closely related to the number of accidents and the amount of compensation reported in the previous year.

For compulsory traffic insurance, the rate fluctuation factors and ratios are as follows:

1. No responsible road traffic accident occurred in the previous year - 10%

2. No responsible road traffic accidents occurred in the last two years - 20%

3. No responsible road traffic accidents occurred in the last three or more years - 30%

4. 0% of road traffic accidents occurred in the previous year that are responsible for not involving death

5. 10% of two or more responsible road traffic accidents occurred in the previous year

6. 30% of responsible road traffic fatalities occurred in the previous year

The final premium of compulsory traffic insurance is calculated as follows: final premium of compulsory traffic insurance = basic premium of Compulsory Traffic Insurance & times; (1 + floating ratio associated with road traffic accident a)

For commercial auto insurance, if the number of claims is less than three or the amount of claims is not particularly high, the premium of the next year will not be affected under normal circumstances. Each insurance company has different premium preferential policies. For specific information, you can consult the insurance company.

Auto insurance claims

After a car accident, the owner goes to the insurance company to settle the claim. The basic process of claim settlement includes: report, survey and loss determination, sign in and review claim documents, adjustment review, approval, compensation settlement, etc.

The auto insurance claim settlement has remarkable characteristics: the public nature of the insured, high loss rate and small loss range, large subject liquidity, large degree of being subject to the repair shop, and common moral hazard.

Remote claim settlement

1: Report. The applicant can report the case through the hotline service of the insurance company, which is a necessary process for handling claims of remote auto insurance. It is related to whether the owner can enjoy the claim service. The time of reporting the case will also directly affect the speed of claim settlement.

2: Survey and loss determination. The staff of the nearest insurance company outlet where the accident occurred shall check and determine the loss, which is the key to the settlement of claims. The loss determination of remote auto insurance claims is also very particular. At present, there are two loss determination methods to choose from: loss determination near the place of accident and loss determination back to the place where the policy is located. Local loss determination is a common method of loss determination for vehicles in different places. The investigation and loss determination are directly completed by the branch accepting the report. It should be reminded that if you choose to return to the location of the policy to determine the loss, you must report the case in advance and obtain the consent of the insurance company, otherwise you may be regarded as missing the reporting period by the insurance company. In addition, not all traffic accidents can adopt this loss determination method. If the accident loss is large or casualties occur, the vehicle must complete the survey locally.

3: Price and loss assessment.

4: The applicant submits the claim settlement data to the insurance company's network, and the staff will upload the data to the auto insurance claim management system.

5: Claim settlement personnel shall review, adjust and verify claims from the receipt of materials.

6: The applicant can receive the compensation at the nearest outlet or obtain the compensation by transfer.