subject: Escaping The Car Insurance Bait And Switch [print this page] The commercials you see on TV are certainly enticing. Simply switch your car insurance to XYZ Company and with their special No Claims discount, you could be saving hundreds on your car insurance. It certainly sounds like a good opportunity, especially if you've had a clean driving history.
Unfortunately, even if you have a letter in your hand offering you a No Claims discount or bonus, you may quickly discover that this kind of discount is not that good of an offer. For one reason or another, you just don't qualify. Even if you do, the amount of the discount is usually not enough to justify the cost and hassle of switching. By the time you calculate the value of the time you've spent on the phone and online getting a new quote and sorting out the paperwork, your special No Claims discount may actually leave you out of pocket.
Most No Claims discount schemes are confusing and have conflicting terms. A single windscreen claim could disqualify you, or you may have to pay penalties if you do get into an accident, even if it isn't your fault. Your new insurer may quickly subject you to a series of premium rate hikes, even if you aren't making claims.
A better plan may be to escape the discount program altogether. To do this, you need to look beyond slick offers and find a car insurance company that really looks at your personal driving habits and rewards you accordingly. If you are a good driver with no claims, you shouldn't have to jump through promotional hoops to get affordable car insurance.
What you need to do is find an insurance company that does in- depth risk profiling during the quotation process. This helps separate you, as a good driver with no claims, from the average driver that most insurance companies use to generate premium rates. As a result, you will be able to command a premium better tailored to you.
The process is a bit more inquisitive, but the more an insurance company knows about your driving behaviours, claims history, and overall vehicle lifestyle, the more likely it is to offer you a highly competitive rate. Traditional insurers often don't make the effort they just provide you with a discount program to reel you in. You can and should do better.
Thanks to modern technology, the process for in-depth risk profiling is fully automated. The companies that make the extra effort to differentiate are running sophisticated software programs that allow you to get personailsed car insurance quotes online at your convenience. You don't have to wait around on a special hotline for hours, only to hear that you won't be getting the special deal but they'd be happy to offer you another policy.
Instead, in just a few short minutes you can have a personally tailored quote that really reflects your low-risk status. You don't have to take the No Claims discount nonsense any longer. You can make the choice to switch, and actually do it in a way that really saves you money.
by: Hugo Shreuder
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