As the world’s largest insurance country, the United States has consistently ranked first in the world in insurance business in recent years, and its auto insurance system has also shown distinctive characteristics. The system of determining premium rates based on factors. The determination of US auto insurance rates is determined by relevant factors. Objective factors are mainly related to the value of the car itself. The higher the value of the car itself, the higher the premium pricing. The human factor is mainly due to the difference in the risk of accidents caused by different insureds or insureds. Therefore, the premiums accepted for insurance of vehicle insurance for different people of the same vehicle are different. Human factors include driving record factors, driver’s age factors, family member factors, and regional factors. Drivers who did not have a traffic accident in the previous year and were not fined for illegal driving. The insurance rate will be reduced by 10% to 15% on the basis of the original insurance contract. In the opposite case, The insurance rate will increase due to drivers’ illegal driving, and the extent of the increase depends on the severity of the accident.
In addition, the age of the driver and the family members will also cause the probability of traffic to be different. The middle-aged people with a strong sense of family responsibility have the lowest premiums and the seniors have a slightly higher premium. The unmarried young people have the highest car insurance rates. At the same time, preferential treatment is given to a family with multiple cars and insurance in the same company, because related surveys show that families with more cars have a relatively small average travel time per car and a relatively low accident probability. American standardized automobile insurance product system. American automobile insurance is mainly divided into third party liability insurance and other comprehensive insurance including vehicle loss insurance.
After years of development, in order to improve the embarrassing situation that insureds must cooperate with different insurers in order to purchase a series of auto insurance with complete protection, the United States has gradually formed a standardized auto insurance product system. At present, automobile insurance products in the United States are mainly divided into commercial automobile insurance and motor vehicle compulsory liability insurance. According to vehicle usage, U.S. commercial auto insurance is divided into private car insurance (PAP), commercial car insurance (BAP), trucker insurance (IP), and auto dealer liability insurance (GLAP). Private car insurance is what we call a PAP insurance policy. It has the widest coverage and the most complete development in the United States. According to the scope of compensation, the compulsory liability insurance for motor vehicles in the United States is classified into personal injury liability (BodilyInjuryLiability), property damage liability (PropertyDamageLiability), uninsured driver’s insurance and insufficient driver’s insurance, and personal injury compensation insurance.
Personal injury liability insurance is the most important component of compulsory liability insurance for motor vehicles. It covers the liability of the faulty party for the personal injury of a third party when a traffic accident occurs. In the United States, all states except Florida The owner of the motor vehicle purchases personal injury liability insurance. Property loss liability insurance is a universal requirement in compulsory liability insurance, and all U.S. state governments require motor vehicle owners to insure property Property loss liability insurance covers direct property damage to third parties due to motor vehicle traffic accidents. Uninsured driver’s insurance and underinsured driver’s insurance cover the occurrence of traffic accidents, the accident caused by the motor vehicle liability insurance is not insured, the insured amount is not enough to pay the loss, the insured person suffered the loss of the accident vehicle. Supplementary personal injury insurance is also an important part of compulsory liability insurance for motor vehicles.
It does not take into account the faults of traffic perpetrators and victims. After a traffic accident, the victims will each claim compensation from the insurance company within the legal limit. The compensation scope includes medical treatment. Compensation for expenses, lost work, funeral expenses and part of the moral damage, but no claim for direct property damage. American auto insurance sales are very flexible. The automobile insurance sales methods in the United States are mainly divided into the traditional automobile dealer agency insurance sales methods and the new direct sales methods that have emerged in recent years. Direct sales include the use of the Internet for direct sales, the way to make insurance appointments over the phone, and the way that insurance companies sell insurance directly to customers, which can reduce transaction costs and further tap market potential without the need for auto insurance sales agents.