On April 10th, China Insurance Industry Association teamed up with China Automobile Maintenance Association to release the research results of zero common ratio coefficient of common domestic vehicles in Beijing. For the first time, it disclosed the “zero ratio of vehicle parts” and “50 items of vulnerable parts” for 18 common models. Zero integral ratio" two important coefficients. Among the 18 models, the vehicle's zero-to-round ratio coefficient is the highest at 1237%, which means that if you replace all the accessories, you can purchase 12 new cars for the cost.

The zero ratio coefficient will be announced to the public on a regular basis

The two associations stated that the purpose of publishing research results is to safeguard consumers' right to know, protect the legitimate rights and interests of consumers, and make maintenance prices more transparent, providing a scientific basis for the healthy development of insurance and automobile maintenance industries.

Guo Hong, director of the China Insurance Association's property insurance work department, said that “the zero ratio of the whole vehicle parts” is the ratio of the total price of all spare parts of the vehicle to the sales price of the whole vehicle. The “zero ratio of 50 vulnerable parts” is the medium insurance. According to the statistics of claims, the association selects the ratio of the sum of the price of the parts used in the repair process of the accident vehicle and the maximum amount of the 50 compensation items to the sales price of the whole vehicle. These two factors allow consumers to clearly understand the difference in maintenance costs between brands and models.

The study found that the maintenance prices between different car brands and models are quite different, especially in the same price range, the price difference between the same parts and the same functional parts of each model is huge. The price of the accessories directly determines the level of maintenance costs. Even if the price of the new car is the same, if the consumer buys a car with a higher zero ratio, it means that the subsequent use may require relatively higher maintenance costs.

According to the data disclosed by the China Insurance Association, among the zero ratio factors of the complete vehicle parts, the highest coefficient among the 18 common models is 1273%. That is, if all the accessories are replaced, the cost can be purchased for 12 new cars. It is 272%; among the 50 zero-to-ratio ratio of vulnerable parts, the highest coefficient among the 18 common models is 223% and the lowest is 77%.

The two associations said that in the future, the fine-grained research on the zero-ratio coefficient will be continued, and will be announced to the public on a regular basis, and the research scope of models and accessories will be continuously expanded. Research on vehicle maintenance and vehicle risks will also be conducted with reference to foreign experience.

Or paving the way for marketization

As a durable consumer goods, the initial purchase cost and subsequent use and maintenance costs are a large expenditure, which is closely related to the daily lives of the general public. The release of the zero-ratio coefficient can make consumers understand the consumption in a certain degree, and also reveals the reality that the front-end and the back-end are deviated in the pricing process of the automobile industry chain, reducing the comprehensive cost rate of the insurance company. Rate marketization and paving the way.

The annual reports disclosed this year show that the combined cost ratios of PICC P&C, Ping An Property Insurance, CPIC Property Insurance, and Taiping P&C Insurance are 96.7%, 97.3%, 99.5%, and 99.8%, with an average increase of about 2 percentage points. Loss boundary. Among them, the auto insurance cost that dominates the property insurance market has risen significantly, which is mainly driven by external factors, including the increase in the cost of compensation for vehicle spare parts prices, maintenance costs, and personal injury compensation standards. A data from the property insurance industry management shows that the comprehensive cost ratio of auto insurance in the whole industry has reached 100.72%.

Affected by the increase in the comprehensive cost ratio, PICC’s auto insurance underwriting profit fell from RMB 4.5 billion in 2012 to RMB 3.1 billion in 2013, Ping An Property & Casualty fell from RMB 2.7 billion to RMB 1.5 billion, and CPIC Property Insurance from 1.2 billion It has dropped to 100 million yuan.

Experts analyzed that the marketization of auto insurance rates is one of the key reform tasks this year. The reforms that are being brewed will definitely change the pricing method of auto insurance. Referring to more tariff factors, mastering the zero ratio of automobiles is one of the important preparations for promoting the marketization of commercial auto insurance.

Taxi Tires

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