Whether it's a new car or a used car, it's something that every car owner should do to buy insurance. But many second-hand car owners always ask when buying car insurance, is the premium of the first year of car insurance transfer expensive? How to calculate the premium for second-hand car insurance? Come and have a look.
Second hand car insurance is usually calculated according to the purchase price of a new car to determine the amount of insurance. If the price of a new car is 100000 yuan and the owner of the new car buys it for 50000 yuan, the insurance company will still require the owner of the new car to buy the theft and rescue at the price of 100000 yuan. But in settling the claim, the insurance company takes out some expenses according to the depreciation rate. In short, insurance companies usually pay for the present value of used cars. According to the regulations, there are two ways to determine the insurance limit of second-hand cars: the new car owner and the insurance company shall negotiate, and the insurance amount shall not be less than 20% of the purchase price of the new car; the insurance amount shall not be more than the vehicle price according to the actual price of the second-hand car.
Compared with the calculation of vehicle premium for new cars, the calculation of insurance premium for used cars is more complicated. When buying car insurance, don't hide from the insurance company. Incomplete information will affect the claims of used cars. When buying auto insurance, we should coordinate with the insurance company and choose the best insurance for your car.
Huixuan tip: is transfer vehicle insurance expensive in the first year? When buying insurance for second-hand cars, the insurance company will determine the amount of insurance according to the purchase price of new cars. Moreover, when buying insurance for the first year, it will be calculated according to the new cars. If there is no car insurance discount, it will be relatively expensive.