I'm a lemon. I bring you up to date every day. Everything is dry. If you think it's useful for your life, just pay attention
For the country's more than 300 million car owners, 1 june 2026 is destined to be a date of concern — a “one-size-fits-all” model that has been in place for more than a decade and will become a formal history. According to an official circular issued jointly on 30 march by the three authorities of the national directorate of financial supervision, the ministry of public security and the ministry of transport and communications, from 0:00 hours on 1 june, a new mechanism for the floating of premium rates has been implemented nationwide, with only one core: prizes and penalties and a premium. The premium can be significantly reduced for a good driver who drives safely and without accidents for a long time, with a minimum of $475 for up to six domestic vehicles, while the premium rises significantly, up to $1,900, for high-risk drivers who are exposed to frequent accidents and offences. This is not an increase in prices or a reduction in security, but a real link between premiums and driving behaviour, with those who follow the rules not losing, and those who are at high risk bearing responsibility。
One, take three pills first: the three cores haven't changed
The first reaction of many of the drivers, when they heard of the “extraordinary adjustment”, was, “does security shrink again?” and there were a number of false rumors online. But according to official documents, there are three key elements to this reform that remain intact, and one can rest assured。
First, there was no increase in the basic premium. The first-year base premium is also $950 for up to six domestic cars, suvs (including new energy vehicles), $1,100 for 6-9 domestic vehicles, $120 for ordinary two-wheeled motorcycles, national uniform standards, and insurance companies have no right to raise or reduce prices privately. The $950 remains the base price, adjusted only for subsequent fluctuations and not for overall price increases。
Secondly, the level of security has not shrunk, but has escalated. The total liability limit for the risk insurance of up to six domestic vehicles was increased from $200,000 to $222,000, of which the death and disability compensation limit was increased from $180,000 to $200,000, the medical expenses limit was increased from $18,000 to $20,000, and the property damage compensation limit remained unchanged at $2,000. The liability limit has also been revised upwards to $19. 9 million in parallel, guaranteeing better and more stable payment and a real “no price added”。
Third, the attributes of compulsory insurance remain unchanged. Risk insurance is still a mandatory form of compulsory insurance, and if it is not bought, cannot pass an annual inspection, the traffic inspectorate will seize the car, fine and order a refund. The basic procedures for insurance, reporting, accountability and settlement of claims are the same as before and do not need to be re-adapted to complex operations。
Ii. The new core: what are the premiums? Safe driving saves half the money
The greatest highlight of this venture was a complete farewell to “good and bad drivers at one price” and the introduction of a step-by-step rate, with the greater the number of years of continuous and irresponsible accidents, the greater the benefits. For example, the following six most common domestic vehicles (basic premium of $950) are subject to national harmonization, clarity and transparency:
• no accidents for a year: 10 per cent drop in premiums and $855 paid
• no accidents for two consecutive years: 20 per cent drop in premiums and $760 paid
• no incidents of responsibility for three or more consecutive years: 30 per cent of the country's average low-risk areas, amounting to $665; and up to 50 per cent of the low-risk areas of category a in mongolia, hainan, qinghai and tibet, amounting to $475 (the lowest in the country)
A simple calculation: a good driver who also drives a domestic car for three consecutive years without an accident pays only $475 per year in a low-risk area, which is half as much as the original $950, while the cost of a driving driver with a high frequency of exposure increases significantly。
The new rules also make clear the rules of ups and downs for risk owners:
• one (responsible): zero benefits and $950 recovery original price
• two exposures: 20 per cent upwards and $1140 paid
• three exposures: 50 per cent upward and $1425 paid
• four exposures: 75 per cent up and $1662. 5 paid
• five and above: 100 per cent upward and $1,900 paid
More humanely, accidents without responsibility are completely excluded from the record of exposure. In the past, many of the owners had been followed and stomped, and, while they were not responsible for their actions, they had to choose to repair their own cars for nothing because they had taken care of their insurance costs. The new rules make it clear that, as long as a traffic police officer finds that he is not responsible, whether or not he has filed a complaint or settled a claim, he is not exposed to risk, without interruption of the continuous period of no accident, and that he is truly “who is responsible, who pays and the victim does not take the fall”。
Iii. Full of aversion: why save half and double the cost of driving
The fixed premium of $950 was indeed convenient and fast, but it also brought about a marked inequity when risk insurance was introduced a decade ago. An old driver who has spent 10 years, zero accidents and zero violations, as well as a new man who has been in danger three or five times a year and who travels with a red light at excessive speed, pay the same amount annually. Rules-abiding individuals bear the costs of accidents for high-risk drivers, amounting to “good people pay for bad people”, a pattern that creates an imbalance in the minds of countless safe owners。
The owner of the car made an account: he drove for eight years, had only one sprint (or the other all) and paid $950 a year in good faith, while the neighbour drove a heated car twice a year, and the premium was $950. Eight years later, he had paid thousands of extra dollars without any concessions, while the cost of violations by neighbours was shared by all the owners. This mechanism of “good and bad” is neither fair nor able to guide people to drive safely。
Following the implementation of the new regulations on 1 june, this discrepancy will be completely broken. Similarly, for domestic vehicles, the minimum is $475 for good drivers and $1900 for high-risk drivers, with a four-fold difference. It used to be a "take it together" and now it's a "take it by itself". The more careful you drive, the more disciplined, the lower the premium; the more casual you get, the more accidents you get. This is not just a matter of money, but a positive incentive for safe driving, making safe driving a real cost-saving thing。
Iv. Owners of cars must look at the details: do not step on the pits and hold on to the betterment. Money
The new rules are good, but there are a few key details, and the owner must keep them in mind, otherwise the benefits may be lost in vain and the money will be wasted。
First, it is the responsible accident that affects the premium and the irresponsible, self-funded maintenance is not included. If it is self-indulgent and small, it is better to count: if it goes through insurance, the next year's benefits will be zero, possibly hundreds more, and if it is self-financed, if it is only a few hundred dollars, it will always be more cost-effective。
Second, a moving vehicle is not inherited on preferential terms. When second-hand vehicles are purchased, the risk of exposure goes hand-in-hand, and when a new car is run by a vehicle, the number of consecutive accident-free years is recalculated and the basic premium is paid at $950 for the first year. It is therefore important that the records of past exposures of used vehicles be ascertained when buying them, so as to avoid the purchase of high-risk vehicles。
Thirdly, serious traffic violations can result in additional floating premiums. In addition to risk, serious violations such as drunk driving, drunk driving, speeding at more than 50 per cent and hit-and-runs can also affect the rate fluctuations, not only by exposing them to traffic police penalties, but also by increasing the premium significantly。
Fourth, it is implemented uniformly throughout the country, regardless of region or pilot. From 0000 hours on 1 june, all insurance companies switched the system simultaneously, whether in front-line cities or small county towns, the rules were identical and there was no “local pilot, delayed implementation”。
At the end: safe driving is the most cost-effective “saving technique”
This new policy of risk-taking, ostensibly a premium adjustment, essentially uses economic leverage to guide civilization. It told all the drivers to be safe and safe, not only to keep them safe, but also to save money; and that violations, risks and risks were not only risky but also costly。
The $475 low premium is not a heavenly pie, but an incentive for the owner of a permanent safe driver; the $1,900 high premium is not a bumper price, but a constraint on high-risk behaviour. The core of equity is never “one for all”, but “competence” — the more you contribute to road safety, the more you benefit; the greater the risk you pose, the more you bear the cost。
For our ordinary car owners, instead of struggling with the high and low premium, it would be better to have “safe driving” in mind. The smoothest and most cost-effective way to use a car is to drive without speeding, without drinking, without fatigue, without being tired of driving, with decorum, with traffic regulations, with no accident records, and to travel peacefully and save hundreds of thousands a year。
The new rules are about to land. Are you a good driver with a $475 low premium or a high-risk driver with extra money? Do you think that this “winner-for-wealth” intensive reform will make roads safer and fairer to travel? You're welcome to talk about your driver's record and expectations of the new regulations in the comment area。
