Car Insurance Checking and Signing up event (8th.May.2020 version)

Car Insurance Checking and Signing up event in Korea (8th.May.2020 version)

Every year, when auto insurance is to be renewed in Korea, we can change the insurance company for better price every year.

The price and conditions of auto insurances varies every year.

So, I check it every year and I choose the best one of the year. 

And while I do the checking, some insurance companies pay money by event.

No need to end up with signing up in that insurance company.

Just simply checking the price and condition only will pay money.

And plus, when signing up a new insurance company, they also give you discount also.

So, I will explain which company and how much, as below;

 

I found some more information for Car Insurance Checking and Signing up event. So, I wrote this post by added some information to Yesterday's post. 

I believe that today's post would be almost the perfect information about Car Insurance Checking and Signing up event in Korea. 

Updated : 

- Benefits from major credit card companies in Korea added. 

- Benefits that you can get even when you renew your insurance this year with the same insurer you signed up with last year.

(1) Checking and Money receiving Event

  - You can check insurance companies' price and condition for a purpose of comparing each insurance companies' price and conditions through Naver Pay or, Hana members, TMON, GS-Point, and so on. 

    Then, you get paid the money amount described in below; 

    Very easy and free money. So, there is no reason not to check all those insurance companies.

    (Available only when you check the price for insurance company that you didn't buy last year. And once you get paid for a insurance company, that insurance company doesn't pay you again for this year. So, you have to choose the best one among Naver Pay, Hana Members and GS-Point, and so on.) 

Insurance Company	Naver Pay	Hana Members	TMON	GS-Point	Samsung Card	Hyundai Card	Shinhan Card
KB Insurance	7,000	10,000	5,000	5,000
SamsungFire Insurance	7,000	10,000		5,000	5,000	5,000	5,000
DB Insurance	10,000	10,000
Hyundai Insurance	7,000			5,000
The-K (Educar) Insurance	1,500

  (Unit : WON)

In the above table, Red Colored price is the best.

So,

 - KB Insurance : Hana Members

 - SamsungFire Insurance : Hana Members

 - DB Insurance :  Naver Pay, Hana Members

 - Hyungdai Insurance :  Naver Pay

 - The-K(Educar) Insurance :   Naver Pay

are the best.

Other companies are providing less money this month.

[ Procedure ]

a. Go to those Naver Pay and Hana Members site or app.

b. Then, find event section.

c. Then, find exact event for those car insurance companies.

d. Apply it and check the price and condition.

e. Receive the award.

(2) Signing up and Money receiving Event

  - You can sign up for the best price insurance company among them. Then, they pay you again. 

    (Available only when you check the price for insurance company that you didn't buy last year.)

Insurance Company	Naver Pay	OK-Cashbag	TMON	U+	Samsung Card	Hyundai Card	Shinhan Card	KB Card
DB Insurance	20,000				30,000	30,000		30,000
Hyundai Insurance					30,000	30,000
KB Insurance					30,000	30,000	20,000	30,000
Hanhwa Insurance					30,000			20,000
The K (Educar) Insurance				30,000
Carrot Insurance					5,000
Through, SK M&Service', below 8 insurance company (DB, Hyungdai, Carrot, Hanhwa, AXA, Joy(MG), The-K(Educar), Heungkuk)	30,000		30,000
Below 8 insurance company; (DB, Hyungdai, Carrot, Hanhwa, AXA, Joy(MG), The-K(Educar), Heungkuk)		30,000

  (Unit : WON)

[ Procedure ]

a. Chose your insurance company this year while you do "(1) Checking and Money receiving Event"  section.

b. Go to site or app, among Naver Pay or OK-Cashbag, TMON, U+, and so on.

c. Then, find event section for your chosen insurance company.

d. Apply it and sign up the insurance.

e. Receive the award.

(3) Renewal and Money receiving Event

  - DB Insurance and KB Insurance, they provide money even when you renew at same insurance company that you bought last year.

	Samsung Card	KB Card
KB Insurance,  DB Insurance	30,000	30,000

[ Procedure ]

a. Chose your insurance company this year while you do "(1) Checking and Money receiving Event"  section. And if KB insurance or DB insurance is one of them,

b. Go to site or app, among Samsung Card or KB Card.

c. Then, find event section for your chosen insurance company.

d. Apply it and sign up the insurance.

e. Receive the award.

I compared car insurance premiums to all 10 insurance companies above today.

The price varies from 7XX,XXX WON/year to 1,2XX,XXX WON/year for me. (These premiums vary depending on the conditions of each person.) 

The difference is bigger than I thought.

In my condition (four-person family), DB insurance is the cheapest this month. So, I paid for DB insurance today.

It changes every year.

KB Insurance was the cheapest in 2019 and Samsung Insurance was the cheapest in years before 2018.

For me, for many years, only Samsung insurance was the cheapest and the best.

But, since last year, Samsung Insurance has started not to be the minimum insurance premium. And this year, another insurance company(DB) became the cheapest again.

As I feel every year, according to my experience of comparing prices, Major seems to be "Samsung, Hyundai, DB, KB" in auto insurance.

The prices of these companies seem relatively good. The other six companies seem to be a more expensive every year. (That's under my conditions.) The conditions are different for each person, so please check all the insurance companies' price if you can.)

This information will be updated every month.

If you know any other good events, please let me know in the comments and I'll reflect them in every update.

Thank you.