Will Motorcycle Insurance Increase in the Second Year After a Claim?
2 Answers
Motorcycle insurance will increase in the second year after a claim. Motorcycle Compulsory Traffic Insurance: Compulsory Traffic Insurance, also known as Motor Vehicle Traffic Accident Liability Compulsory Insurance, is undertaken by various insurance companies. It is a mandatory insurance required by the state and must be purchased by every motor vehicle owner. Motorcycle Third-Party Insurance: Third-Party Insurance refers to accidental incidents caused by qualified drivers permitted by the policyholder while using the insured vehicle, resulting in personal injury, death, or direct property loss to a third party. The insurer will compensate according to the relevant provisions of the insurance contract for the compensation amount that the policyholder is legally obligated to pay.
Motorcycle insurance premiums may indeed increase after a claim. Last year, I filed a claim for a crash and received over 5,000 yuan in compensation, and the compulsory insurance reverted to the standard price the following year. The insurance company informed me that the number and amount of claims directly affect the premium coefficient: one claim might still qualify for a 10% discount, two claims could double the base rate, and three or more claims could lead to a significant increase. The exact increase depends on the proportion of the claim amount to the insured amount—the higher the payout, the larger the premium hike. It's advisable to handle minor scratches yourself by spending a few hundred yuan on repairs rather than filing a claim. Maintaining a clean driving record can also help accumulate safe driving discounts, which greatly assist in controlling premiums. While occasional claims are understandable, frequent claims can easily wipe out several years' worth of premium discounts.
