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High Insurance Premiums for New Energy Vehicles Challenge Insurers' Cost Control
2025-08-19 /
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Author：小编
In recent years, the share of new energy vehicle (NEV) insurance in the automotive insurance sector has surged, with average premiums for NEVs notably outpacing those for traditional fuel vehicles. Despite this, the entire NEV insurance industry remains in a loss-making position, and insurers struggle to maintain a comprehensive cost ratio below 100%. Experts within the industry foresee that as the market expands and insurers' pricing capabilities advance, underwriting losses for NEV insurance will gradually diminish, edging closer to break-even. Looking ahead, to lower premiums and enhance service quality, it is imperative to dismantle data silos, refine pricing models, minimize maintenance costs, and bolster inter-industry collaboration.
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