Can you withdraw your car insurance after you've paid for it? Can you get out of your car insurance?

Can you withdraw your car insurance policy after it has been paid?

Yes there is such an operation but it depends on the insurance company whether they will handle it or not. First of all, you have to consult the insurance company, then the insurance company provides a bank account number, you call back the payment received, then the insurance company reopens the case to do the payment recovery, and then zero closure of the case, then the number of times out of the insurance is withdrawn

Can you get out of insurance?

It's the same thing as mandatory automobile insurance! The probability of getting sick, and getting out of insurance is very low, a few ten thousandths of a percent, and most of it covers individuals! The key is not full coverage!

Does claiming on your car insurance count as an accident?

Use the compulsory insurance claim to calculate the insurance. According to article 6 of the Interim Measures for the Floating Rate of Compulsory Insurance for Motor Vehicle Traffic Accident Liability, the floating rate of compulsory insurance is calculated on the basis of the road traffic accidents that occurred in the insured motor vehicles.

To inquire about Ping An insurance related business, you can call Ping An Life Insurance 95511-1, Ping An Auto/Property/Accident Insurance 95511-5, and Ping An Pension/Group Insurance 95511-6.
Response time: 2021-07-09, please refer to the official website of Ping An Bank for the latest business changes.
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https://b.pingan.com.cn/paim/iknow/index.html

Does having both compulsory and commercial insurance count twice when you are involved in an automobile accident that injures someone? How much does the premium go up?

1. An accident is counted as one insurance, if this year, only this one insurance, next year's premiums and this year's premiums than the general change is not very big.

2. Commercial insurance and compulsory insurance float factor is indeed separate to calculate, compulsory insurance and commercial insurance, do not affect each other.

The next year's premium is what affects business insurance as a whole, regardless of which policy you use.

1. compulsory insurance for family cars with 6 seats or less, the annual premium for compulsory insurance is 950 yuan / year. The number of accidents on the impact of compulsory insurance floating range:

(1) No responsible road traffic accidents in the previous year -10%

(2) No responsible road traffic accidents in the last two years -20%

(3) No responsible road traffic accidents in the last three or more years -30%

(4) One responsible road traffic accident not involving a fatality in the previous year 0%

(5) Two or more responsible road traffic accidents in the previous year 10%

(6) Liable road traffic fatalities in the previous year 30%

Now that the insurance is only out this one time this year, the payment will be restored to its original price of $950.

If you don't have insurance, it depends on how many times you've had insurance in the previous years, and the minimum for compulsory insurance can become $665 for 3 and more years of no insurance.

2. Commercial insurance

The number of risks mainly affects the NCD coefficients.

With one insurance policy this year, the NCD factor would revert to 1 without taking into account other influences, and business insurance premiums would change little by and large.