Good day Guys,
I trust you all been well!
Just some tips I wish to share with you regarding your insurance premiums and where I may be able to help.
First off, how long have you had your license? Drivers with less than 5 years driving experience pay more for insurance. Now, if you have just passed 5 years driving experience, your insurance company is not going to suddenly call you and say,
“Good Day Mr X, we have just noticed that you are now considered a more experienced driver and have decided to lower your premium”. A quote might just surprise you. I recently quoted a lady with a Polo just after she had passed 5 years driving experience and we were easily cheaper than her current insurer who had insured her from when she had only been driving for 2 years.
Do you have insurance on a vehicle in your name which your Mrs. drives? Is she loaded as the regular driver? In many cases a woman loaded as the regular driver will lower the premium. With that said, please make sure that your insurance company knows this because come claim time, they may give you flak because the regular driver details were not captured correctly.
Have you recently changed your career and now have a different occupation? Your occupation is loaded when you are quoted, and a different occupation may now save you money on your premium. You may have gotten insurance as a barman and now you are a sales consultant. Different career = different risk. Different risk = different premium.
Does your vehicle HAVE to have a tracker? If you get a quote on a new vehicle for insurance purposes, many vehicles require that the vehicle has to have a tracker fitted. Perhaps give me a chance to quote on this. Sometimes, I can give the same cover without the need for a tracker albeit a slightly higher premium. Not much, but a little higher. At least then you don’t have to have the tracker fee a month. In many cases the increase in premium is less than the amount required for the tracker. This isn’t the law, however. But just keep this in mind if you wish to not install a tracker.
I am seeing a lot of rerates coming though at moment, so this appears to be a time of the year where many clients’ policies are renewed. Some clients have recently made the move to me after their insurance premium being increased without them being informed about this by their insurance company. They only notice this when their debit order goes off and they see they are now being charged more than the previous month. With that said, OUTsurance has a very strict policy in place than no client rerate must take place without the broker discussing it telephonically with the client. We actually face serious consequences if a client's premium increases without me having telephonically informed the client of this.
I wrote these tips with personal insurance in mind but remember I do specialize in Commercial Insurance. If you have a business and looking to make a move, I will be able to assist with this as well.
In order for me to assist you with a quotation you will need sign a letter of authority which gives me permission to assist you with a quote. This is in order for us to be compliant with the laws regarding POPI act etc and also that you give OUTsurance permission to access your credit profile. This is not a hard enquiry on your credit profile and is more a check for any record of fraud than anything else This is no different to any other insurance company. We are just very upfront about it.
Ok. Fair enough. What would you need to do a quote? A signed Letter Of Authority (LOA)
Please keep ^^ this in mind guys. I have had carb members ask me for quote in the past and I have not been able to assist because no LOA was signed. I am not going to get audited and find myself in the hot seat because I skipped this step.
Have a good day further!
