How Long Does It Take to Receive Insurance Rebates?
2 Answers
Under normal circumstances, some commercial insurance companies must immediately return the auto insurance rebate points to customers after purchasing car insurance on-site, depending on the customer or the agency's working capability. Compulsory Traffic Insurance: A mandatory national car insurance that provides coverage for the other party's property and personal safety. No-Deductible Special Coverage: The most important aspect of this car insurance lies in the absolute deductible rate. Vehicle Damage Insurance: Vehicle Damage Insurance primarily covers the car. If the car is involved in an accident or suffers damage due to natural disasters, these losses can be compensated by the insurance company through Vehicle Damage Insurance. Third-Party Liability Insurance: Also known as Third-Party Insurance, it mainly covers personal injuries and property losses of third parties in traffic accidents. To supplement the coverage limit of Compulsory Traffic Insurance, a comprehensive Third-Party Liability Insurance is necessary.
Insurance rebates usually start counting after the premium payment is made. I've bought car insurance several times, and waiting for the rebate always requires patience. For example, last time I waited about 12 days for it to be credited, which depends on the insurer's efficiency: smaller companies might be faster, completing it in 3-5 business days; larger companies with stricter reviews might take 10-15 days, which isn’t unusual. The reason is they need to verify payment records and policy terms to ensure you haven’t violated any rules or missed payments. If purchased through an agent, there’s an additional step of waiting for the agent to submit documents, which slows things down. I remember applying during a holiday last year and waiting nearly 20 days due to bank closures. So, I recommend asking the customer service about the rebate timeline when buying insurance and having it written into the contract—it’s the most reliable way to avoid post-purchase anxiety.
