What is the routine of buying auto insurance cash back?

Auto insurance rebate is usually the commission refund provided by the insurance company to consumers after purchasing auto insurance products. Simply put, it is to return some money to consumers, but the invoice price remains unchanged, so that they can get more consumption resources.

Motor vehicle insurance, that is, auto insurance (hereinafter referred to as auto insurance), refers to a kind of commercial insurance whose liability is personal injury or property loss caused by natural disasters or accidents.

Motor vehicle insurance, that is, "auto insurance", is a means of transport insurance with the motor vehicle itself and the third party's liability as the insurance subject.

Its insurance customers are mainly legal persons and individuals who own various motor vehicles; The subject matter of insurance is mainly various types of cars, but it also includes special vehicles such as trams, battery cars and motorcycles.

Due to the rapid increase in the number of cars, the auto insurance market is also showing a rapid development trend. In 200 1 year, the auto insurance premium in China was 4,265,438+70 million yuan, and the auto insurance industry turned losses into profits for the first time. By 20 1 1, domestic auto insurance premium income reached 350.4 billion yuan, up 16.66% year-on-year.

Since 1950s, with the rapid expansion of automobile manufacturing in Europe, America, Japan and other countries, motor vehicle insurance has also been widely developed and become the most important commercial insurance in all countries. By the end of 1970s, automobile insurance had accounted for more than 50% of all property insurance.

From China's point of view, with the increasing number of cars, auto insurance has become the main part of China's non-life insurance market and the largest property insurance.

At present, in domestic insurance companies, the premium income of auto insurance business has accounted for more than 50% of the total premium income of their property insurance business, and the premium income of some companies accounts for more than 60% of the total premium income of their property insurance business. The profit and loss of auto insurance business directly affects the economic benefits of property insurance industry.

According to the statistics of insurance association of china, there are 135 insurance companies and 36 insurance intermediaries in China, most of which have started auto insurance business.

The market competition will become more and more fierce. Statistics show that the market share of auto insurance premium income of 20 1 1, PICC, Ping An and CPIC are 36.54%, 18.63% and 13.53% respectively, accounting for 68.70% in total, which is 200/kloc higher than that of the three major auto insurance companies.