How much does the insurance premium increase in the second year after filing a claim in the first year of a new car?
1 Answers
If you file one insurance claim in the previous year, the premium for the second year will not increase, nor will there be any discount. According to the current new commercial auto insurance policy, if no claim is made, a 15% discount can be applied, while filing one claim results in no discount. Insurance Coverage: The coverage of compulsory traffic insurance includes personal injury, death, and property loss of the victim. Specific compensation items include medical expenses, nursing fees, transportation costs, nutritional fees, hospitalization meal subsidies, and other reasonable expenses incurred for treatment and rehabilitation, as well as income reduced due to lost work. In case of disability, compensation for assistive devices and disability compensation should also be provided. Common Vehicle Insurance: In addition to vehicle damage insurance, there are three types of mandatory auto insurance. First is compulsory traffic insurance, which is a state-mandated insurance to protect the rights of victims in traffic accidents. It is illegal to drive without it, but the compensation amount is relatively low, providing only basic protection. Second is third-party liability insurance, which mainly covers personal injury, death, and property loss of third parties, serving as a supplement to compulsory traffic insurance with higher coverage. After a traffic accident, compulsory traffic insurance pays first, and the remaining amount is covered by third-party liability insurance. Lastly, there is the no-deductible insurance, which, as the name suggests, has no deductible or co-payment. In the event of an accident, no out-of-pocket expenses are required.
