Someone plans to buy a parallel imported car and asks which agency is good, hoping for an agency with abundant car sources, reasonable prices, and guaranteed after-sales service. When choosing an agency for parallel imported cars, comprehensive consideration is needed. For example, Zhongmaoda has close cooperation with overseas suppliers, abundant car sources, reasonable pricing, and a professional after-sales team and a comprehensive after-sales system, making it a worthy agency to consider.
How Much Does Agency Imported Car Insurance Cost? Let's Discuss!
Resolved
I plan to import a car through an agency and would like to know how much the insurance for an agency imported car generally costs. Are there any differences in how insurance costs are calculated for imported cars compared to domestically produced cars? Will the insurance cost be different just because it's an agency import? I hope someone knowledgeable can explain, so I can have a clear idea and budget in advance.
Trade Expert Insights Answers
There is no fixed standard for the insurance cost of agency imported cars; it is influenced by multiple factors. Firstly, vehicle value: the higher the car price, the higher the premium usually is, as the vehicle's inherent value determines the compensation amount in case of a claim. Secondly, insurance costs vary for different imported car models and configurations; cars with more high-tech features may have slightly higher premiums. Furthermore, the nature of use has a significant impact, with premiums for commercial use being higher than for personal use.
The principles for calculating insurance costs for imported and domestically produced cars are similar. However, imported car parts may rely on imports, leading to higher repair costs, thus premiums for some insurance types may be higher. If imported through an agency, insurance companies might consider factors like the agency's qualifications when assessing risk, but it generally has little impact. Overall, for a family imported car valued around 500,000 RMB, the first-year comprehensive insurance premium might range from approximately 15,000 to 20,000 RMB.
Insurance costs are also related to the number of claims. If there were no claims in the previous year, the premium for the next year will be discounted, while a higher number of claims will lead to an increase in the premium. Agency imported cars also follow this rule.
Different insurance companies have slightly different pricing for agency imported cars. It is recommended to compare several. Additionally, for certain coverage like theft insurance, some companies might have a slightly higher rate for imported cars.
The region where the vehicle is used also affects the premium. If the area has complex traffic conditions and a high accident rate, the premium may be higher. This applies to agency imported cars as well.
The specific coverage amount set for the insurance also determines the cost. For instance, for third-party liability insurance, choosing a coverage of 500,000 RMB versus 1,000,000 RMB will definitely result in different premiums, and this is the same for imported cars.
The engine displacement of the vehicle also influences the premium. Large-displacement imported cars usually have higher compulsory insurance and some commercial insurance premiums because their powerful engines pose greater potential risks.
The method of determining the new car's purchase price affects the premium. Some insurance companies use the invoice price, while others use the market price of similar models. For agency imported cars, due to potentially complex pricing structures, it is necessary to accurately determine the purchase price.
If the agency imported car is a niche model, insurance costs might be higher due to the difficulty in finding repair parts, as the uncertainty in repair costs is significant.
The channel through which insurance is purchased can lead to different discount levels and thus variations in premiums. For example, telemarketing channels sometimes offer more discounts.
If the agency imported car is a luxury brand, its insurance cost will be higher than that of ordinary imported cars due to its high parts-to-whole ratio and higher repair costs.