News China16 May 2025

60% of insurers report sub-$280 auto premiums; NEV rates stabilize

| 16 May 2025

Recently, 65 insurers had disclosed their average premium per vehicle. The data shows that per-vehicle premiums ranged from a high of CNY5,600 ($784) (Hyundai Insurance) to a low of CNY608.17 (Xin'an Auto Insurance). Among them, 42 insurers - more than 60% - reported average premiums below CNY2,000($280). Nearly 60% of companies saw year-on-year increases.

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