In 2016, it was also known as the year of full second birth. For the eyes of car owners, the safety and importance of the car's "second child" baby is self-evident. The protection of car owners is often reflected in a wide range of auto insurance policies. In 2016, auto insurance also introduced some new policies. For car owners who do not like to follow the pace of news, it is necessary here to read about this year's new policy on car insurance.

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First, the New Deal reflected in the change in the calculation of premium value. Before the auto insurance reform in 16 years, the owner of the car purchased insurance in accordance with the valuation of the new car's market average price to determine the amount of premium. After the reform, the premium amount is determined by the valuation of the average market price after depreciation of the vehicle. The relevant auto insurance expert advises the insured. After the reform, when the vehicle assumes the full responsibility for the loss, the amount of compensation obtained for the vehicle with the actual value insured will be determined in practice. This further reduces personal expenses.

Second, the New Deal is reflected in the same price but slightly different premiums. For vehicles with the same average market price, there may be a certain gap in premiums due to different models. Because of the tangible value of a vehicle, its intangible value will vary slightly depending on the model. For example, a vehicle with good safety and security features can be easily repaired after an accident, resulting in a correspondingly low premium. Of course, the differences in the intangible value of these different models should be assessed after the scientific system's insurance market big data comparison. This New Deal perfectly solved the embarrassment of low compensation and high security, but also brought new conditions for real compensation.

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Third, it is embodied in the New Deal where different insurance companies are free to determine the rate of commercial auto insurance. According to the 16-year auto insurance fee reform plan, different insurance companies are clearly identified. Based on their own ability for risk judgment and risk valuation, they can differentiate the difference between the insured and the insured vehicle, and formulate a gradient of commercial vehicle insurance rates. This new policy allows different factors such as the personal circumstances of the insured person and the company's own rate calculation table to be reflected in the difference in premiums. The correlation between vehicle risk and premium rates is more intangible, constraining drivers to develop good driving habits for preferential vehicle premium rates.

It is not difficult to find that the new policies for car insurance in 2016 are more reasonable and rational than ever before, and truly enable car owners to enjoy more convenient and more favorable car insurance services.


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