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Neither a helmet nor comprehensive insurance will save: the Russians began to insure Chinese cars en masse

  • January 17, 2023
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In connection with the growth of sales of Chinese cars in the Russian market, the demand for hull insurance in the field of car insurance has also increased.

Neither a helmet nor comprehensive insurance will save: the Russians began to insure Chinese cars en masse

In connection with the growth of sales of Chinese cars in the Russian market, the demand for hull insurance in the field of car insurance has also increased. Let’s say more: according to the results of the past year, the owners of the “heavenly” models drove the peak increase in sales of insurance policies. But will they help?

As representatives of the Rosgosstrakh company told AvtoVzglyad portal, the number of Geely cars insured under hull insurance increased by 1.6 times in 2022, and the same number of hull insurance policies were issued in the third and fourth quarters as in all of 2021 !

The number of insurance contracts with the owners of Chery and Haval increased by 1.7 times: the last three months represent 45% and 33% of policies respectively.

The peak in the demand for hull insurance for cars from China falls in the last months of the past year.

Casco purchases for Great Wall products have nearly doubled. But the most effective growth – nearly 30 times – was demonstrated by the Exeed brand. It is the cars of this Chinese brand that are insured more often than others.

Taking into account that insurers want to make car repairs with “used” parts this year, it will not make them any safer. On the contrary. In addition, it is planned to increase the terms of this repair. Perhaps Casco only compensates for the losses that the owner of the car will suffer in case of theft.

As representatives of the Rosgosstrakh company told AvtoVzglyad portal, the number of Geely cars insured under hull insurance increased by 1.6 times in 2022, and the same number of hull insurance policies were issued in the third and fourth quarters as in all of 2021 !

The number of insurance contracts with the owners of Chery and Haval increased by 1.7 times: the last three months represent 45% and 33% of policies respectively.

The peak in the demand for hull insurance for cars from China falls in the last months of the past year.

Casco purchases for Great Wall products have nearly doubled. But the most effective growth – nearly 30 times – was demonstrated by the Exeed brand. It is the cars of this Chinese brand that are insured more often than others.

Taking into account that insurers want to make car repairs with “used” parts this year, it will not make them any safer. On the contrary. In addition, it is planned to increase the terms of this repair. Perhaps Casco only compensates for the losses that the owner of the car will suffer in case of theft.

Source: Avto Vzglyad

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