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New Beijing auto insurance policy takes effect in January, 2010. The policy is released by Beijing Insurance Association. According to the amount of insurance purchased, mileage and the vehicle"s condition in previous years, the Beijing driver can get a maximum discount with 68 percent off. If the driver involves in an accident or traffic violation for many time, the insurance fee will be higher than the previous year.
According to the ralated statistics, nearly 75 percent drivers will enjoy discount on next year"s premium. Over one and a half percent of drivers will have to pay twice insurance fee in the next year because of bad record on the accident list. Beijing auto experts say new auto insurance policy can lift the driver"s consciousness on road safety driving and reduce the accident rate.