Will premiums drop after car companies enter the auto insurance market?

As car companies such as BYD enter the auto insurance market, many netizens expect that premiums will be reduced. However, new energy vehicle insurance still faces problems such as "high claim ratio", "high premium" and "difficulty in insurance". Experts said that the approval of automakers to carry out new energy vehicle insurance business may trigger a series of changes, including reducing insurance claim ratio and improving market competitiveness.