Comparing discount rates by driving distance by car insurance company (Eco mileage)

Comparing discount rates by driving  distance by car insurance company (Eco mileage)

driving distance (~km below)	DB	Samsung	Hyundai	KB		Best rate
2,000 km	32%	32%	32%	35%		DB, KB
3,000 km	20%			30%		Hyundai, Samsung
4,000 km		24%	27%			KB
6,000 km	17%	22%	22%	26%		KB
7,000 km				20.5%		Hyundai, Samsung
8,000 km	14%	17%	19%			KB
10,000 km				17%		Hyundai
12,000 km	5%	4%	7%	6%		Hyundai
15,000 km			5%			KB

As I mentioned in my last article Car Insurance Checking and Signing up event (8th.May.2020 version) According to my experience of checking domestic auto insurance every year, Samsung Fire & Marine Insurance Direct, DB Damage Insurance Direct, KB Insurance Direct, Hyundai Marine & Fire Insurance (Hyka) Direct, those 4 insurance companies have became the best 4 price competitiveness each year.

Thus, I will only compare the four insurance companies first.

If each of you knows what your annual mileage is, you can take a look at that section in the table.

According to the table above, the discount rate appears to be advantageous in most sections by KB Insurance.

I don't think you're going to make a decision based on the above votes. Since each insurer has different insurance premiums, even if the discount rate in the table above is large, the insurance product itself will not be the most price competitive insurance product.

Therefore, I think it would be helpful if you each put your own conditions in and calculate it.

▶ The reason why this discount rate comparison is meaningful

- Other Discounts (black box discounts and child discounts, and so on..) can be checked and compared with the final calculation results when comparing insurance premiums to each insurance company.

  However, the eco-mileage discount portion depending on the distance you drive in the future depends on how much you will drive because it's a later discount and it's a future thing.

  Therefore, for accurate price comparison between insurance companies, it is necessary to estimate the discount rate based on the estimated mileage of the insurance company.

  Depending on the table section above, eco-mileage discount rates vary by up to 10% (see section below 4,000 km)

i hope above information would be helpful for you.

Thank you.