Traffic Insurance Regulations New Traffic Insurance Regulations 2016

Traffic Compulsory Insurance Ordinance

1. If he or she is fully responsible, he or she shall be liable for 100 per cent of the compensation;
2. If the person is primarily responsible, he or she shall be liable for 70% of the compensation;
3. If they are equally responsible, they shall be liable for 50 per cent of the compensation;
4. If they are secondarily responsible, they shall be liable for 30% of the compensation;
5. If there is no responsibility, there is no liability;

New rules for compulsory insurance in 2016

Q:Is it necessary to buy car insurance for a vehicle with an estimated five-year depreciated value of $100,000?

Answer:It just so happens that I have on hand a new car purchased in 2013 with a purchase price of $200,000, data on coverage plan options for the three fee changes in 2019 and data on coverage plan options for 2020:

The depreciated value of the vehicle for 2019 is $110,135, and the premium for the vehicle's vehicle damage insurance (including the Unable to Locate Third Party Excess) is $1,146.44;
The depreciated value of the vehicle in 2020 is $96,174, and the premium for the car insurance is $706.55:

As for the necessity of vehicle damage insurance mentioned by the questioner, my advice is that it should be purchased because no one knows what risks may occur when.

Case 1: or the above example of the vehicle, November 3, 2014 traffic accidents caused serious damage to the vehicle, the 2013 insurance customers in any case refused to insure "vehicle damage insurance additional insurance does not count the deductible insurance", the customer said, "where there are so many accidents, there are problems I pay! The accident caused losses of more than 50,000 yuan, because of the uninsured deductible insurance, exemption 30%, the customer is responsible for the loss of more than 13,000 yuan. ......

Case 2: November 4, 2014 in Yuncheng City, Linyi County Traffic Police Brigade to deal with [Case 1] traffic accidents, an occasional driving age of more than 25 years of the old driver traffic collision caused by three injuries to the death of a person, the vehicle was seriously damaged, the vehicle was only insured for compulsory insurance ......

Case 3: March 20, 2016 occurred in Zhengzhou, Henan Province, a major traffic accident involving the three vehicles and their own vehicles serious damage, the vehicle is fully responsible for the accident, the accident of the three vehicles repair costs of more than 80,000 yuan, the loss of their own vehicles 27,000 yuan, the vehicle is only insured by the traffic insurance ...... In fact, the vehicle's Depreciation price is not more than 40,000 yuan, car damage insurance premiums of about 500 yuan ......

Case 4: January 7, 2020 (Lunar New Year's Day 13, 2019) occurred in another traffic accident involving serious damage to the vehicle, in fact, the vehicle in 2015 after the purchase of a new car protection plan program has been "third-party liability insurance coverage of 1 million yuan to 1.5 million yuan, the car insurance driver coverage of 100,000 yuan, 50,000 yuan for each seat, the additional third-party Liability insurance doubles the legal holidays additional insurance, deductible insurance", in December 2019 when the renewal of the policy to recommend to the customer "vehicle depreciation price is reduced, the premium floats down, increase the car damage insurance, car damage insurance premium is only more than 600 dollars" ... ... ...The vehicle was involved in a traffic accident less than 10 days before the addition of car damage insurance, the repair cost of more than 30,000 yuan ......

Case 5: In July 2015, a rear-end collision occurred in Luoyang City, Henan Province, causing serious damage to the vehicle and the vehicle involved in the major traffic accidents, the vehicle involved in the protection plan program for the "third-party liability insurance coverage of 1.5 million yuan, the vehicle occupant insurance coverage of 100,000 yuan, 50,000 yuan for each seat," not insured for damage insurance, the vehicle repair costs of 15,000 yuan by the insurance company compensation, while the vehicle repair costs of 23,000 yuan by the driver of the vehicle involved in the accident at his own expense. Vehicle repair costs of 15,000 yuan by the insurance company to compensate for the vehicle, while the vehicle repair costs of 23,000 yuan by the driver of the vehicle at fault at his own expense, after the accident is dealt with the vehicle at fault to add the "car damage insurance" ......

So, at a time when the depreciated price of the vehicle has gone down significantly and the vehicle discount discount rate has gone down to the lowest possible level, there is not much money in vehicle damage insurance premiums, and it is advisable to take out a car damage insurance policy.

Especially after the four comprehensive reforms of vehicle insurance, the premiums are substantially reduced, with a new car purchase price of 100,000 yuan, the purchase of six years, for example, most of the car damage insurance premiums are not more than 500 yuan, while increasing the scope of coverage in the case, or recommended to insure or add the car damage insurance!

How much is compulsory insurance now a year

The payment rates for compulsory insurance are as follows:
1. The price for the first year of compulsory insurance for a family-owned car with less than six seats is 950 yuan;
2. The price of the first year's compulsory insurance for a family-owned car with 6-10 seats is 1,100 yuan;
3. The price of the first year's compulsory insurance for non-business vehicles of enterprises with less than six seats is 1,000 yuan;
4. The first year's cost of compulsory insurance for a 6-10-seat enterprise non-business vehicle is $1,130;
5, carrying capacity <2t operating trucks in the first year of compulsory insurance is 1850 yuan;
6, 2t ≤ carrying capacity <5t operating trucks in the first year of compulsory insurance price is 3070 yuan;
7, 5t ≤ carrying capacity <10t operating trucks in the first year of compulsory insurance is 3450 yuan.
In 2016, when the car compulsory insurance is insured in the second year, the price calculation formula is basically similar to the previous regulations, the implementation of the rate fluctuation mechanism, in the next year's renewal, the premium is linked to the previous year's vehicle road traffic safety violations or road traffic accidents.
The full name of compulsory traffic insurance is "Compulsory Insurance for Motor Vehicle Traffic Accident Liability", which is a mandatory liability insurance for the insured motor vehicle to compensate for personal injury or death and property damage caused by road traffic accidents, within the liability limit of the insured motor vehicle (excluding the personnel of the vehicle and the insured person).

Extended reading: [insurance] how to buy, which is good, hand to teach you to avoid the insurance of these "pits"

According to Article 16 of the Supreme Court's Judicial Interpretation, compulsory traffic insurance refers to compulsory motor vehicle third-party liability insurance, and commercial third-party insurance refers to third-party liability commercial insurance?

As of July 1, 2016 (the date of the implementation of the Regulation on Compulsory Insurance), compulsory insurance has replaced what was once mandatory motor vehicle third-party liability insurance.

And this motor vehicle third-party compulsory insurance was first introduced in the Road Traffic Safety Law, which came into force on May 1, 2004, as a social assistance fund for road traffic accidents.

Since then, the CIRC has issued a series of documents to improve the relevant supporting measures, and by July 1, 2007, the compulsory insurance was generally implemented.

So, what is now called compulsory motor vehicle third party insurance is now commercial insurance.

So look at when that OCI approval document came out that you asked about, and you'll know which one you're referring to~