What is New Car Insurance Rebate?
1 Answers
Car insurance rebate refers to the commission refund provided by sales agents to consumers after purchasing their car insurance products in order to obtain more consumer resources. The rebate means returning a portion of the money to the consumer, but the invoice still shows the original price. Detailed introduction to car insurance rebates: Car insurance rebate means that sales agents minimize the profit margin of merchants. When consumers purchase from third-party merchants through sales agents, the third-party merchants give the sales agents a certain profit commission, and the sales agents then return a portion of this commission to the consumers. This is essentially a discount on commercial insurance. A 30-point rebate is equivalent to a 30% discount. Vehicle and vessel tax and compulsory traffic insurance are the same for every company, but the rebates on commercial insurance vary. The higher the rebate, the greater the discount, and the cheaper the insurance. Rebates and discounts are not the same. Discounts are calculated based on the number of claims the consumer made in the previous year. No claims in one year result in a 40% discount, no claims in two years result in a 50% discount, and one claim results in a 28% discount. This is automatically recognized by the system. In contrast, commercial insurance rebates are additional discounts given to consumers based on current policies or promotions. The advantage of this model is that all merchants or customers who participate in the rebate program can benefit. The ones who do not benefit are the competitors of the merchants who participate in the rebate program, as customers gradually shift from their competitors to the merchants offering the rebate model.
