The full name of compulsory traffic insurance is "compulsory liability insurance for motor vehicle traffic accidents", which is a kind of compulsory liability insurance that the insurance company compensates the victims (excluding the people on board and the insured) for personal injuries and property losses caused by road traffic accidents of insured motor vehicles within the limit of liability.

Does the payment of compulsory automobile insurance affect the premium next year?

One-time settlement of vehicle insurance will affect the premium in the second year, and the premium will not rise in the second year, but the rate concession is gone. For the road traffic accident without responsibility in the previous year, the premium can be reduced by 10%.

When it is linked to road traffic accidents, it shall be floated according to the compensation cases paid in the previous year. If the compensation case occurred in the previous year has not been paid, the insurance premium rate in this period will not rise, and the insurance premium rate in the next year will rise after the compensation is paid. Only when there is no responsibility for road traffic accidents, the premium rate can still go down, and the calculation interval of the floating coefficient is between the last policy date and the current policy date.

Influencing factors of compulsory insurance compensation

1, driving record When you apply for auto insurance in the second year, the insurance company will check whether the owner has a bad driving record, such as drunk driving. In short, if you drive carefully and have no accidents, you will want to have a certain price discount when you apply for auto insurance the next year. At the same time, the age of the driver, whether he is a novice, whether the vehicle is often driven by one person or two people are also factors that affect the premium.

2. In the driving area, if two identical private cars drive in the urban area and often drive long distances, the premium will be different. Not only that, some insurance companies even take your car into account when determining the premium, whether it is parked in your garage or underground public parking lot.

3. Whether to insure continuously If there are reasonable reasons, such as traveling on business or not using the vehicle for two or three months in other places, most insurance companies will agree to temporarily stop your car insurance and resume it at the original price when you come back, but if there is not enough reason, they may think that you have ulterior motives to stop the insurance and treat you as a new customer when you resume.

4. The accident claim record is the same as the driving record. If the owner has no accident claim record in the previous year, he will also enjoy certain price concessions when he applies for auto insurance in the second year; On the other hand, if the owner has been out of danger for many times, not only will the premium be discounted, but there is also the danger of the premium rising.

The compulsory implementation of compulsory insurance is necessary.

Compulsory compulsory traffic insurance is definitely necessary, which can guarantee the victims of motor vehicle road traffic accidents to get compensation and promote road traffic safety. Compulsory insurance provides timely and basic protection for traffic accident victims, so it is necessary to buy it. So all car owners must buy insurance.