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Does the number of auto insurance reports have any impact on the auto insurance premium?

With the great changes in economic strength, people are now willing to buy a car instead of walking. However, after buying a car, they generally choose to buy auto insurance. This is mainly to reduce accidents and avoid unnecessary losses, However, one thing to know is that the number of reports is closely related to the insurance premium for the next year.

How many times will the auto insurance premium be increased? The standards of various auto insurance companies are different. Here, take PICC auto insurance as an example. The discount for normal reporting 1-2 times is 0.765%, 3 times is 0.855%, 4 times is 0.96, and 5 times is the standard premium. If it exceeds 6 times, the auto insurance rate will rise by about 10%. Auto insurance costs are also linked to the loss ratio. It can be seen that the more times you report and settle claims, the less discount you will enjoy.

On the other hand, in order to encourage drivers to drive safely and reduce the number of claims, many auto insurance companies will launch renewal discounts or provide special preferential measures for zero accident users. For example, sunshine auto insurance provides exclusive auto insurance insurance channels for zero accident users, which can not only enjoy lower discounts, but also obtain exquisite gifts provided by sunshine auto insurance. In addition, you can also get some discounts from old customers if you renew your insurance continuously in the same company. In this way, if the number of occurrences is small and the insurance is maintained in the same auto insurance company, the cumulative discount can reach about 20% of the auto insurance premium at most, which is very cost-effective.

Tip: what is the relationship between the number of auto insurance reports and auto insurance premium? The number of auto insurance reports is linked to the next year's premium. The more reports and claims are settled, the less discount you will enjoy. If it is not necessary, it is recommended to reduce the number of automobile insurance reports as much as possible to avoid too many accidents and difficulties in insurance the next year.

The above is what Xiaobian introduced to you about the relationship between the number of auto insurance reports and auto insurance premium. I hope it will be helpful to you. If you still have any questions, you can contact a lawyer to answer for you.