Car insurance is one of the largest fixed costs of car ownership for vehicle owners, accounting for 15%-25% of annual car maintenance expenses. Faced with complex terms and endless sales pitches, 70% of car owners never compare other options when renewing their policies. This guide uses data-driven analysis to help you build a framework for choosing insurance, achieving the optimal balance between coverage and cost. I. Four Core Insurance Combination Formulas Based on 2023 national car insurance claim data, we have calculated the optimal insurance combinations for different driving scenarios: Insurance Combination Suitable For Annual Premium Range (RMB) Coverage Scope...
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