Auto insurance renewal process: In fact, the purchase of auto insurance is based on compulsory insurance and consolidated by purchasing appropriate commercial auto insurance. Many car owners don't know much about the classification and coverage of insurance when renewing their car insurance, so they don't know how to buy it. Here is a brief introduction to the auto insurance renewal process.
One of the auto insurance renewal processes: recognize the scope of insurance.
Many car owners bought auto insurance in the last year, so when they renewed their insurance in the second year, they still knew nothing about the coverage of auto insurance. In fact, auto insurance is mainly divided into compulsory insurance and commercial insurance. Compulsory insurance is compulsory in China, and commercial insurance is free to choose. The coverage of compulsory insurance is the same as the third party liability insurance in commercial insurance, but the compensation amount of third party liability insurance is much larger than compulsory insurance. In addition, the loss caused by vehicle theft and robbery is not covered by the vehicle loss insurance, and the loss compensation caused by vehicle theft and robbery is the compensation for the whole vehicle theft and rescue.
The second process of auto insurance renewal: think about whether to change insurance companies.
There are many large and small insurance companies in China, and each insurance company has its own advantages and disadvantages. Some insurance companies have better services in vehicle accident claims, while others have more comprehensive services. Car owners can choose whether to change insurance companies according to the service quality of insurance companies in the previous year.
The third process of auto insurance renewal: choose the auto insurance renewal channel.
Insurance companies have launched many vehicle renewal channels, among which online auto insurance and telephone auto insurance are the most popular purchase channels for consumers. The premium required for auto insurance renewal through these two methods is more favorable than other methods 15%. Moreover, these two ways are more time-saving and convenient, and car owners can also insure their cars at home.