Will the purchase price of the car be lower than the market price and affect the insurance payout?

If there is a certain impact, if the agreed insurance amount is lower than the purchase price of the new car, the insurance company will calculate the compensation according to the proportion of the insurance amount to the purchase price of the new car. Therefore, in view of the fact that the probability of partial loss of the insured vehicle is much greater than that of total loss, in order to ensure that the risk of the insured is fully insured, it is usually recommended that the policyholder be insured in full according to the purchase price of the new car.

The purchase price of a new car refers to the purchase of a new car of the same type as the insured vehicle (including the vehicle purchase surcharge) at the time of signing the insurance contract, which is the basis for determining the insurance amount at the time of insurance. The insured amount refers to the actual insured amount of the subject matter of the insurance as stated in the insurance policy, and it is also the maximum amount of the insurance company's compensation obligation.

The insured amount of the insured vehicle is lower than the purchase price of the new car, and if the insured amount exceeds the insured value, it is excess insurance, and the insured amount in excess of the insured value is invalid, and malicious excess insurance is fraudulent and may invalidate the insurance contract. You can refer to the Insurance Act.

According to paragraph 1 of Article 40 of the Insurance Law of the People's Republic of China, "the insured value of the subject matter of insurance may be agreed upon by the policyholder and the insurer and stated in the contract, or it may be determined according to the actual value of the subject matter of insurance at the time of the occurrence of the insured event". This article is an important basis for distinguishing between fixed value insurance and indefinite value insurance. According to the provisions of this article, the so-called fixed value insurance refers to the insurance in which the value of the subject matter of insurance is determined by both parties at the time of entering into a contract, and the insurer determines the amount of insurance and collects insurance premiums accordingly.

In the event of an insured event, the insurer shall determine the amount of insurance compensation based on the insured value stated in the insurance contract.

According to the provisions of Article 17, Paragraph 1 of the Insurance Law of the People's Republic of China, China adopts the principle of inquiry and notification for the policyholder's obligation to inform, that is, only if the insurance company makes an inquiry, the insured has the obligation to inform. In this case, since there is no necessary connection between the purchase of the vehicle** and whether the insurance company underwrites the insurance company and at what rate, the insurance company did not ask the policyholder about the purchase of the car**, and the policyholder naturally has no obligation to inform.

In terms of determining the amount of compensation in the event of total loss of the vehicle, according to Article 15 of the "Motor Vehicle Insurance Clause" approved by the China Insurance Regulatory Commission, "if the total loss and the insured amount is higher than the actual value, the compensation shall be calculated based on the actual value at the time of the accident; If the sum insured is equal to or lower than the actual value, the compensation will be calculated according to the sum insured. Therefore, in the event of a total loss of the vehicle, the amount of compensation should be determined based on the actual value of the vehicle at the time of the accident.

The insured amount of car damage insurance is significantly higher than that of car purchase**: car insurance is insured according to the price of the car, the more expensive the car, the higher the insurance amount of car damage, and the higher the insurance amount of theft insurance, the cost will be relatively expensive.

The ** of car damage insurance is related to the price of the car, and the actual value of the vehicle is usually determined according to the purchase price of the new car minus the depreciation amount at the time of insurance. Therefore, the more expensive the car, the higher the ** of the car damage insurance.

It is calculated as follows: the preferential coefficient of the vehicle loss insurance premium (basic premium vehicle purchase price rate). Among them, the preferential coefficient is determined by the insurance company, and the preferential coefficient set by different insurance companies may be different.

Generally, the insurance company will formulate a preferential coefficient based on the underwriting policy and the claims of the vehicle in the previous year.

Car damage insurance is generally insured according to the purchase price of a new car, and many insurance companies will calculate the vehicle purchase tax, not just the price of the naked car. In other words, the sum insured of car damage insurance is somewhat related to the price of the car, but the sum insured is usually not exactly the price of the car. There is often a certain difference between the amount insured of car damage insurance and the ** at the time of car purchase.

Why is the total price of my car 85,700 yuan, and the car damage insurance helped me buy 159,000 yuan? Is this illegal?

If the agreed amount of insurance is lower than the purchase of a new car**, the insurance company will calculate the compensation amount based on the ratio of the insured amount to the purchase of a new car**.

Therefore, given that the probability of partial loss of the insured vehicle is much greater than the total loss, it is generally recommended that the insured be fully insured in order to ensure that the insured's risk is adequately covered. Purchase in a new car**.

The purchase of a new car** refers to the purchase of a new car of the same type as the insured vehicle** when the insurance contract is signed, which is the basis for determining the amount of insurance. Duration of insurance. The insured amount refers to the actual insured amount of the insurance policy specified in the insurance policy, and it is also the maximum amount of the insurance company's obligation to compensate.

The amount of coverage for an insured vehicle will be affected by the purchase of a new vehicle**. If the sum insured exceeds the sum insured, it is an excess insurance benefit, and the sum insured in excess of the sum insured is invalid. Bad faith excess insurance is fraudulent and can void the insurance contract.

If the amount of car damage insurance is low, it is recommended to negotiate with the insurance company first to see if there is a problem when the amount of insurance is fixed, or you can also change to another insurance company to determine the amount of car damage insurance. However, it should be noted that the lower the sum insured, the better, but the higher the better.

If the amount of car damage insurance is too low, then the insured will receive less insurance benefits when making a claim. If the insured amount of the driver's travel insurance is too high and exceeds the insured value of the insured motor vehicle, then the part that exceeds the insured value is invalid. Moreover, the higher the amount of car damage insurance, the higher the premium.

Generally speaking, the amount of car damage insurance coverage can be determined in the following way:

1.Calculated according to the purchase price of a new car, it is fully insured and is mainly applicable to new cars;

2.Calculated according to the actual value of the insured motor vehicle at the time of insurance, that is, the value of the purchase price of the new car minus the depreciation amount, it is an underinsured amount, and you can pay less premiums, but after the accident, the insurance company will settle the claim according to the ratio of the insured amount and the purchase price of the new car;

3.The former is too high in value and has no contrast in the market, and the latter is too low in value, so the insured amount of car damage insurance can only be determined through negotiation between the policyholder and the insurance company, but the insurance company will try to be consistent with the actual reference value of the industry when negotiating the actual value with the policyholder, and in principle, it cannot exceed the range of 30% up and down.

Car damage insurance is less than evenly covered. It is advisable to negotiate with the insurance company first to see if there is a problem with the insurance amount, or you can change the car damage insurance amount from another insurance company. However, it is important to note that the lower the sum insured, the better, but the higher the better.

Rise crack. If the amount of car damage insurance is too low, the lower the amount of insurance that the insured can get when making a claim. If the insured amount for car damage is too high and exceeds the insured value of the insured motor vehicle, the excess value is invalid. In addition, the higher the amount of car damage insurance, the higher the premium.

There is an impact on the property insurance payout of the vehicle. A commercial insurance that is liable for personal damage or property damage caused by natural disasters or accidents to motor vehicles. Automobile insurance is a kind of property insurance, in the field of financial and property insurance, automobile insurance belongs to a relatively young type of insurance, which is due to the emergence and development of automobile insurance with the emergence and popularization of automobiles.

At the same time, unlike modern motor vehicle insurance, in the initial stage of automobile insurance, the third-party liability insurance of the car is the main insurance, and gradually extended to the risk of collision damage of the car body.