What Does It Mean to Have 3 Insurance Claims in a Year for a New Car?

1 Answers
DelReed
07/30/25 12:45am
Having three insurance claims in a year will result in a 10% increase in the next year's premium compared to the previous two claims. Here is more information: 1. If the car owner had no at-fault traffic accidents in the previous year, the premium can be reduced by 10%; if this continues for two consecutive years, the reduction is 20%; for three or more consecutive years, the maximum reduction is 30%. 2. Conversely, if there were two or more at-fault traffic accidents in the previous year, the premium will increase by 10%; in the case of a fatal accident, the maximum increase is 30%. 3. The price of compulsory traffic insurance is related to many factors, and the price for first-time buyers may differ from that for repeat buyers. For first-time purchases, the price of compulsory traffic insurance depends on the vehicle model. According to relevant regulations, the base premium for compulsory traffic insurance varies by vehicle model, but for the same model, the price is uniform nationwide.
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