How to renew car insurance: analysis of hot topics on the Internet and practical guide
As the auto insurance renewal season approaches, many car owners are beginning to focus on how to complete the renewal process more cost-effectively and efficiently. This article combines the hot content on the Internet in the past 10 days to sort out the key information and practical tips for auto insurance renewal to help you easily deal with the renewal problem.
1. Inventory of hot topics for auto insurance renewal in 2024
| Topic keywords | heat index | Main discussion points |
|---|---|---|
| New energy car insurance renewal | ★★★★★ | Reasons for premium increases and interpretation of exclusive terms |
| Car insurance price comparison | ★★★★☆ | Quotation differences and promotions across different channels |
| No compensation factor | ★★★☆☆ | Changes in NCD rules and claims record inquiry |
| Additional insurance options | ★★★☆☆ | New types of insurance such as driving insurance and tire insurance |
2. Auto insurance renewal process guide
1. Choice of renewal time
It is recommended to start comparing prices 30-45 days in advance to avoid hasty decisions before the deadline. Big data shows that Wednesday afternoon and the end of the month are high-frequency periods for insurance company promotions.
| Time node | Advantages | Things to note |
|---|---|---|
| 30 days in advance | Large selection space | Pay attention to the expiry date of your old policy |
| Before the 25th of the month | Lots of promotions | Avoid system congestion at the end of the month |
| 3 days before expiration | May receive emergency discounts | There is a risk of bailout |
2. Factors affecting premiums
The latest premium calculation formula in 2024: base premium × no-compensation preferential treatment coefficient × independent pricing coefficient × traffic violation coefficient. Among them, new energy vehicle insurance premiums generally increased by 12-18%, mainly due to increased maintenance costs.
3. Comparison of channel selection
| Renewal channels | average discount | Special services |
|---|---|---|
| Insurance company official website | Starting from 15% off | Free driving voucher |
| Third party platform | Starting from 22% off | price comparison tool |
| 4S store | About 10% off | Bundled maintenance package |
| Telemarketing channels | Up to 20% off | cash back |
3. Guidelines for avoiding pitfalls when renewing insurance in 2024
1. List of must-check items
• Verify the consistency of policy information and driving license
• Confirm whether additional insurance is automatically renewed
• Check if the NCD coefficient is correct
• Compare coverage changes last year
2. Early warning of new sales tactics
| Type of routine | Identification method | coping strategies |
|---|---|---|
| The "free replacement" trap | Request to surrender the policy first and then apply for insurance | Reject directly |
| fake cash back | Promise high cash back | Request written confirmation |
| Bundle sales | Forced purchase of other products | Complain to supervisory authority |
4. Expert advice
The latest tips from the Insurance Industry Association:
1. Don’t just pursue low prices, pay attention to service quality
2. New energy vehicle owners are advised to choose an insurance company with a dedicated service network
3. Car owners who have had multiple accidents may consider increasing the third-party liability insurance coverage.
5. Future trends
The pilot scope of UBI auto insurance (insurance based on driving behavior) has been expanded, and some cities have launched a new "pay-by-mileage" auto insurance product, with an acceptance rate of 67% among young car owners.
Through the above structured data analysis, it can be seen that auto insurance renewal in 2024 will require more time and skills from the three companies. It is recommended that car owners make full use of price comparison tools, pay attention to substantial upgrades in protection content, and make the best choice.
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