Saturday, April 13, 2024

Insurance companies make it 'impossible' to insure Chinese cars

Similar to the conditions here at home, an ever-increasing number of Chinese cars are coming to England. But the insurance companies are not much in favor of insuring them, new mapping shows.

There are more and more Chinese brands to choose from. But only a few of them sell well. That's how it is at home. And so it is in England.

But there is more news from that side. According to a new survey from the analysis firm Thatcham Research, it causes enormous problems for English owners of cars such as BYD Seal and GWM Ora 3 and several other Chinese cars when the car needs to be insured.

That's what Auto Express writes.

Even the former British brand MG has a tough time with the insurance companies, the survey concludes.

The head of the research company, Ben Townsend, emphasizes that he has no problem with the cars from the Chinese brands.

READ ALSO: Thomas has no car but the police refuse to cancel speeding tickets

Instead, he points out their lack of understanding of how the European insurance industry generally handles claims – i.a. them on cars.

– The message to the Chinese car brands, as well as those from Vietnam and India, must be; don't come here believing you can just sell cars.

– Come and talk to us, understand the market and the steps necessary to sell cars here. You need to have the logistics in place, says Ben Townsend.

However, it is not only the Chinese electric cars that are in trouble when it comes to insurance. In general, people in electric cars find that they pay significantly more to insure their cars.

One group in particular, a survey from FDM shows, is surprised by how much they actually have to pay to drive around on electricity. Read more about it here .

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