What is the Difference in Insurance Costs Between 5-Seater and 7-Seater Vehicles?
2 Answers
The difference in insurance costs between 5-seater and 7-seater vehicles is that the compulsory traffic insurance for a 7-seater is approximately 200 RMB more expensive than that for a 5-seater, and the seat insurance is about 100 RMB more expensive. Below are the relevant details: 1. Compulsory Traffic Insurance: The mandatory annual compulsory traffic insurance costs 950 RMB for family vehicles with fewer than 6 seats and 1,100 RMB for those with 6 seats or more. 2. Seat Insurance: Also known as passenger liability insurance, 7-seater vehicles have two additional seats compared to 5-seaters, resulting in an approximate cost increase of 100 RMB. 3. Vehicle Body Markings: The enforcement of vehicle body markings varies by region. Generally, 7-seater vehicles not used for commercial purposes do not need to display markings such as 'Approved Capacity: 7 Persons.' However, in some areas where private vehicles are commonly used for commercial purposes, 7-seaters may be required to have such markings during annual inspections for unified management purposes.
I recently switched from a 5-seater to a 7-seater car, and my insurance premium increased significantly. When I asked the insurance company why, they said it's mainly due to risk factors. A 7-seater car has more seats and can carry seven people, so in the event of an accident, the potential damage and claims could be higher. Additionally, 7-seater cars are usually larger and heavier, making repairs more expensive, such as higher costs for replacing parts after a collision. I also compared models from the same brand and found that 7-seater premiums are on average 10% to 20% higher than 5-seaters, depending on your region and driving record. If you drive carefully and have a safe driving record, your premium might be slightly lower, but overall, it's still relatively high. If you have a large family and frequently travel together, the higher premium might be acceptable. However, if you're single or have a small family, choosing a 5-seater is more economical and hassle-free, saving you from paying extra every month.
