Why did auto insurance premiums increase?… To check insurance premium discounts and premiums

It was found that the average auto insurance premium per person reached 740,000 won. However, it has been difficult to understand the reasons for premium premiums and how to reduce the premium. In the future, if you use the’auto insurance premium discount/premium inquiry system’ operated by the Korea Insurance Development Institute, you can check the subscriber’s information and the expected premium when updated.

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According to the insurance industry on the 26th, the Financial Supervisory Service and the Insurance Development Institute have been operating an automobile insurance premium discount and premium inquiry system since the 14th.


By using this system, you can check the driver’s auto insurance subscription information such as insurance company and insurance period through simple identification by text message. When clicking the’Compare’ button in the auto insurance subscription information △For drivers whose auto insurance maturity remains large, view the premium discount and premium details of the previous and current contracts △Additionally current contracts and renewal contracts for drivers with maturities of less than 1 month You can view the details of discount/premium insurance premiums.

You can also check the details of renewal insurance premium discounts and premiums. In the inquiry system, the driver can know the details related to the premium discount and premium of the contract before and after the driver’s car insurance renewal. Details include the number of accidents, number of violations of laws and regulations, discount/premium level, age, subscription history, and whether or not to subscribe to the age-limited special agreement. In addition, you can receive information on the estimated premium discount and premium rate for the current contract compared to the previous contract, and insurance premiums after settlement of mileage (mileage). Drivers whose maturity is nearing can also view the expected premium discount and premium details.

Past car accidents and legal violations can also be viewed. You can check the date and time of a car accident for the past 10 years, insurance payment details by car insurance collateral, and premium premium points. The auto insurance premium calculation method was also guided so that drivers can understand how their insurance premiums are calculated and the causes of discounts and premiums.

However, services are limited for new vehicles and new subscribers. This service is for the last renewed premium, and new vehicles and subscribers are not searched. In addition, there is a possibility that the inquiry may be delayed due to the time to fetch data from the insurance company and the National Police Agency.

Bodak official said, “If you use the’auto insurance premium discount/premium inquiry system’, you can accurately check the premium premium and the reason for the discount, so it is very useful for saving insurance premiums in the future.” “This inquiry shows the factors affecting insurance premium discounts and premiums. However, the actual premium may vary between insurance companies, so it is necessary to contact the insurance company for details.”


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