At its core, the practice of trying to bring one’s insurance premiums down requires you to simply demonstrate that your case falls within the lower risk bracket of the various profiling parameters used by insurers to determine the insurance premiums rates they offer to each individual. To drill right down to the smallest details however – details which definitely matter regardless of how small they may be, you have to approach it from the point of view of the insurer.
I mean so what if you fall into the higher risk group of 16-24 year olds as far as auto insurance goes? This doesn’t mean you carry the same risk as your peers, but the onus is on you to prove that you don’t in fact carry the risk universally slapped on your specific demographic. The insurer is not really going to drill right down to some of the unique dynamics which could otherwise contribute towards you getting a quotation for lower premiums due to those dynamics proving you to be of a lower risk – you’re the one who’s going to have to proactively demonstrate them.
For example, no insurer is going to ask you if you’ve perhaps taken an advanced driving course (well, last time I checked out a basic insurer’s questionnaire they didn’t), but I’d say that having taken an advanced driving course demonstrates an above-average skill level by way of your driving, which naturally makes you a little bit more of a safer driver than your high-risk peers falling within the same demographic identified for classification. So you’d definitely have to add that in while you’re seeking to get your custom quotation.
To give you another example which applies to auto insurance, you might perhaps even have a clean record with the traffic department, not having had to pay any fines for any violations of the road rules, including speeding. This is where something like the data obtained from your car tracking company would come in handy as well, particularly in the event that that data perhaps shows something like average speed driven, i.e. demonstrating the fact that you always stick to the speed limit, but also perhaps showing your driving patterns.
I mean let’s face it, there are some places which are known to be danger zones for crimes like car-jacking, so if the data shows that you steer clear of those place, that can be a good dynamic to add to your motivation letter as part of the quotation process for your auto insurance.
Sometimes all it really takes is also just a demonstration of your knowledge of the safety measures you should have in place with regards to the risk factors covered by the insurance you seek, such as perhaps a collaboration with a legal firm like Christensen & Hymas – listing these lawyers as one of your service providers handling your legal matters around anything to do with car accidents and the prevention thereof shows the insurer that there is less for them to have to cover in the event that they may have to pay out, something which in itself is less likely since you’re such as savvy client to start off with.
Author: Oliver Curtis
Hi there. I’m Oliver. I’m just a young boy from the outskirts of… Okay, that’s a lie, I’m not a young boy anymore, although I certainly feel that way at heart.