Why are the insurance costs for the Xiaomi SU7 close to those of a 500,000+ RMB fuel vehicle?
Official answer
The commercial insurance terms for new energy vehicles differ from those for fuel vehicles. The exclusive "Clauses" for new energy vehicles provide coverage for the "three-electric" systems and comprehensively cover usage scenarios including driving, parking, charging, and operations of new energy vehicles. Premiums are calculated comprehensively based on various factors such as new/used status, brand, model, registration type, insurance types, and coverage amounts. Therefore, premium prices vary and cannot be simply compared solely based on vehicle price.