How much does the premium increase after a 10,000 claim?
3 Answers
A single claim of 10,000 does not increase the premium, but it disqualifies you from receiving discounts. The primary purpose of auto insurance is to provide coverage for vehicles in the event of traffic accidents, where the insurance company assumes certain liability for compensation based on the terms of the policy. The more types of insurance you purchase, the more comprehensive the coverage. The role and significance of auto insurance: The basic function of insurance is to organize economic compensation and facilitate the payment of insurance claims, which is the fundamental purpose of motor vehicle insurance. Through insurance transfer mechanisms, risks and associated losses are distributed and transferred across society, helping to mitigate risks. The various risks and potential losses associated with motor vehicle usage cannot be adequately addressed solely through risk avoidance, prevention, dispersion, mitigation, or self-retention. Therefore, whether it's a new or used car, purchasing insurance is necessary after obtaining the license plate. However, nowadays, there are numerous types of vehicle insurance, and some are not mandatory to purchase.
As a commuting professional who drives frequently, I've gained some insights into car insurance. There's no fixed answer to how much your premium increases after a ¥10,000 claim, but generally, the hike ranges between 10% to 30%, depending on your insurer, claim history, and accident liability. For instance, after a minor accident last year where I claimed ¥8,000, my annual premium rose from around ¥2,000 to approximately ¥2,400 – nearly a 20% increase because I was deemed at-fault. If you're not at fault, the increase might be smaller or nonexistent. Regional policies also play a big role; some cities allow insurers to adjust rates flexibly. My advice: compare multiple quotes at renewal, practice safe driving to truly save money – staying alert on the road to minimize claims is key. With 20 years behind the wheel, I've learned premium hikes boil down to luck and records; maintaining a clean history is the most cost-effective strategy.
I've been in the auto insurance industry for many years and can offer some practical advice. For a single claim of 10,000 yuan, the average premium increase ranges from 15% to 40%, but this varies significantly based on factors such as the insurer's rate table (some companies may directly add 20 points for a 10,000 yuan claim), your years of coverage (new car owners are more likely to see increases), and the type of accident (at-fault accidents have the biggest impact). I once helped a friend check a similar case where he filed a 12,000 yuan claim, and his premium rose from 1,800 to 2,200, about a 22% increase. My advice is to proactively contact your insurance agent after a claim to inquire about detailed rate adjustments. At the same time, build a good record—for example, consecutive accident-free years can help lower your rate back down. Don’t forget to review your policy terms; sometimes small claims within the deductible won’t trigger an increase at all. Learning more about these details can save you both stress and money.
