The details of the new car insurance policy are as follows:

Originally, an accident when the vehicle was not registered was not covered by the insurance, but the new regulations can also compensate for it. In order to meet the needs of insurance consumers for insurance policies to be "effective immediately", this provision has deleted the stipulation of "effectiveness at 0:00 the next day" in the insurance policy.

New vehicle insurance regulations

With "protecting consumer rights and interests" as the main goal: establishing a market-oriented clause and rate formation mechanism, optimizing guarantee responsibilities, enriching products and services, and reasonable additional fees, The market system is sound, market competition is orderly, operating efficiency is improved, and auto insurance develops with high quality, etc.

Payments will be made in accordance with the reformed plan. The payment discount will be based on increasing the liability limit of compulsory traffic insurance and taking into account the comprehensive compensation rate level of compulsory traffic insurance in each region.

A regional floating factor is introduced into the road traffic accident rate adjustment coefficient. The upper limit of the floating ratio remains unchanged at 30%, and the floating ratio is lowered from the original lowest of -30.