You are not negotiating with an insurance company, if you thought so they had you fooled. They do not negotiate. What they do is spin the policy and find ways to get you a discount or add or subtract things that maybe are not necessary and make you think they are saving you bucks. In reality your broker could have given you those in the first place. I saw it happen in the office all the time and laugh when I see these posts. There are many things that go on behind the scenes and as mentioned many you will never find out about until a big major claim happens and you find out like many you did not have a certain coverage. If your broker did not sit down with you and go through a long list of questions then they did not get all the information to give you all the discounts and get you everything you need. Most brokers are wham bam thank you mam and have a policy done in seconds then wonder why people complain. Again buyer beware. I could write a book of all the stuff I saw working in there and being in meetings.
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Originally Posted by Sundancefisher
Rule of thumb.
2-4 weeks before insurance is due… one should phone the company and confirm the new rate. Then ask what the best rate is. And what the extra best rate is.
Usually price comes down 15-25%.
Person on the phone said they can drop the rate by 15%. Supervisor can approve up to 25%.
Other ways to lower rates is confirming facts. Ensure facts so don’t lose
Not driving to work or lowering kilometres driven to work
Kilometres driven per year
Lowest risk driver is primary driver for most expensive vehicle
Not having collision damage on a car with low black book value
Highest risk youth driver as secondary driver on cheapest vehicle
Removing windshield replacement
Raising deductible
Just asking the person what else can be done to lower the rate.
I have found it’s good to negotiate the rate or at least try.
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