How much does insurance cost for a 150,000 yuan car?
2 Answers
Insurance for a 150,000 yuan car typically costs around 6,000 to 7,000 yuan per year. Below is an introduction to car insurance: 1. Introduction: Motor vehicle insurance is a type of commercial insurance that provides compensation for personal injuries, deaths, or property damage caused by natural disasters or accidents involving motor vehicles. 2. Target: The insured clients are mainly legal entities and individuals who own various types of motor vehicles. 3. Coverage: The insurance primarily covers various types of automobiles, but also includes specialized vehicles such as electric cars, battery-powered vehicles, and motorcycles.
Last year, I bought a new car for around 150,000 yuan, and the first-year insurance cost me nearly 5,000 yuan. This includes the mandatory compulsory traffic insurance (950 yuan), third-party liability insurance (over 1,000 yuan for 1.5 million coverage), and vehicle damage insurance (the core is based on the car's value of 150,000 yuan, with higher coverage leading to higher rates). There are significant differences between cities and insurance companies—for example, premiums in first-tier cities can be 30% higher. I compared three insurers online before making my decision. New car owners often face higher premiums, but discounts are available for drivers with short driving experience or no accident records. Now, I make sure to maintain a clean accident record every year when renewing my insurance, which saves me a few hundred yuan. The car's price greatly affects the premium, and 150,000 yuan falls into the mid-range category. Vehicle damage insurance is a major component. I recommend not skipping third-party liability insurance to save money—safety should always come first.
