Core Viewpoint - The article discusses the rising insurance costs for electric vehicles (EVs) in China, highlighting the disparity in premiums compared to traditional fuel vehicles, and the challenges faced by EV owners in navigating the insurance landscape [2][3][11]. Group 1: Insurance Cost Disparities - The average insurance premium for electric vehicles is 63% higher than that of fuel vehicles, and even after accounting for vehicle age, EVs remain 10% to 20% more expensive [3][12]. - Specific examples show that for a 100,000 yuan EV, the annual premium is 1,000 to 1,500 yuan higher than a comparable fuel vehicle, while for a 200,000 yuan EV, the difference can reach 2,500 yuan [8][12]. - The insurance premium for EVs has been observed to fluctuate significantly within short periods, with one owner reporting a price increase from 5,800 yuan to 7,225 yuan within a month from the same insurer [8][12]. Group 2: Claims and Repair Issues - EV owners face challenges during the claims process, particularly regarding the repair of critical components like battery packs, where insurance companies often push for partial repairs instead of full replacements, leading to delays [9][12]. - The high cost of repairs for EVs, especially for minor damages, is a significant concern, with some repairs costing thousands of yuan compared to hundreds for fuel vehicles [9][12]. - The lack of transparency in damage assessment and repair costs has left many EV owners feeling like they are caught in a conflict between car manufacturers and insurance companies [9][12]. Group 3: Risk Assessment and Premium Structure - The high premiums for EVs are attributed to a lack of historical data for risk assessment, as the market is still developing and insurance companies struggle to keep up with the rapid introduction of new models [13][15]. - The structure of insurance premiums differs significantly between EVs and fuel vehicles, with EVs requiring additional coverage for their unique components, such as batteries and electric systems, which are costly to repair [15][17]. - The average claim amount for EVs is approximately 7,200 yuan, which is 600 yuan higher than that for fuel vehicles, indicating a higher frequency and severity of claims [17][21]. Group 4: Industry Challenges and Future Outlook - The insurance industry for EVs is currently facing a "loss-making" situation, with 2024 projected revenues exceeding 140 billion yuan but losses reaching 5.7 billion yuan [21][24]. - The article suggests that the emergence of the "insurance assassin" phenomenon is partly due to the industry's struggle to adapt to the rapid changes in the automotive sector, leading to a disconnect between traditional insurance models and the needs of EV owners [31][32]. - Collaborative efforts among manufacturers, insurers, and battery suppliers are necessary to create a more sustainable insurance ecosystem, with potential for profitability in the EV insurance market by 2027 [33][34].