Jin Rong Shi Bao·2025-11-19 03:23Core Insights - The average car insurance premium among 67 companies for the first three quarters is 2079 yuan, with a median of 1836.89 yuan, indicating significant structural differentiation in pricing strategies across different types of insurers [2][4] - The highest car insurance premium reported is 5700 yuan by Modern Insurance, while the lowest is 850 yuan by Dubang Insurance, reflecting a competitive market with a concentration of premiums between 1000 yuan and 3000 yuan, which accounts for 74.7% of the total [1][2] - The future of car insurance pricing is expected to be influenced significantly by the growth of the new energy vehicle (NEV) insurance market, driven by policy optimization, reduced repair costs, and advancements in risk control technology [1][4] Industry Overview - The car insurance market shows a notable structural balance under competitive conditions, with 28 companies reporting premiums above the industry average [2] - 25 companies experienced a year-on-year increase in car insurance premiums, while 36 companies saw a decline, indicating varied performance across the sector [2] - The NEV insurance market is becoming a core driver for premium growth, with the number of NEVs in China reaching 36.89 million by mid-2025, accounting for 10.27% of the total vehicle population [4][6] New Energy Vehicle Insurance - NEV insurance premiums are currently high due to the elevated costs of core components and repair expenses compared to traditional fuel vehicles, leading to increased claims rates [4][6] - The insurance industry is facing challenges with underwriting losses in NEV insurance, with a reported loss of 5.7 billion yuan in 2024, necessitating higher premiums to balance costs [4][6] - Recent regulatory changes aim to enhance the quality and efficiency of NEV insurance, promoting collaboration between car manufacturers and insurers to improve risk pricing [5][6]