It’s in our nature to react well to any sort of
reward scheme; indeed, this is why so many companies use them as an incentive.
We strive to perform our utmost when we are operating on the premise of receiving
a prize for our efforts. The same psychology can translate over when shopping
for car insurance. However, can rewarding clients prolong no claims bonuses,
overall making them better drivers? If so, what kind of rewards are we talking
about?
There a range of incentives available across
insurance providers when it comes to rewarding their customers. These rewards
don’t come in the form of free food or anything as materialistic as that, but
they have been proved to be rather effective. Reward schemes are helping
insurance companies maintain a high level of service as well as making the
roads far friendly and much safer.
The No
Claims Bonus
The vast majority of insurance companies will
offer this form of incentive. A no claims bonus is essentially just that; if
you haven’t claimed in whatever pre-set period of time, you are rewarded with
lower premiums or lower monthly payments. Not only do these incentives save you
a great deal of money during your insurance plan, they leave you in greater
stead for future car insurance quotes. No claims bonuses inevitably reward you
with cheaper car insurance.
The incentive is offered across a range of insurance
mediums, including motor
bike insurance and household
insurance. Whatever form of cover you’re after, the concept of the reward
remains the same.
Courtesy
Car
Some companies offer the incentive of receiving a
courtesy car on the back of a valid claim. As well as this, some providers will
really pamper their customers by arranging free pick up and drop off of your
vehicle after an accident. This is on top of guaranteeing all repairs for five
years and performing a full-scale cleaning operation on both the exterior and
interior of your car prior to it being repaired. It sure beats the bus!
Respect
your Elders
Everybody knows that age and wisdom is what it’s
all about. Experience beats all. This is also the mentality the insurance
companies take when they are dealing with mature drivers, usually over the age
of 50. Many of them will offer decreased insurance premiums to experienced
drivers as they have been proven to be involved in fewer accidents than other
motoring demographics.
Room for One More?
Another more frequently appearing incentive for
drivers is the incentive of discount prices when more than one vehicle is
placed on the same plan. Often called 'multi-car', the scheme allows for
discount premiums for a plan that contains more than one vehicle. This is
particularly attractive to families as it can be used to cover mum and dad, who
can then add the new young driver to the plan for a much lower price. Don’t say
your folks never did anything for you, kid!
Invest
in One Premium, Get the Next Cheaper!
Some companies will dangle the bait teasingly in
front of their customers by offering them discount cover in another area of
insurance. For example, purchasing car insurance with car insurance companies will prompt them to slash the prices on their
home insurance quotes. These kinds of prompts encourage customers to kill two
birds with one stone and it suits insurance companies just fine.
Loyalty
Pays
Just like most things in life, loyalty with
insurance is the best policy. Insurance companies like to reward their
customers for sticking with them through thick and thin with cheaper insurance
premiums; as well as cover in other areas, like personal belongings up to a
pre-determined cash value. This incentive again benefits both the customer and
the company, so it is smiles all round.
The
Online Revolution
As a society, we are moving further and further
towards a computerised era. With the vast majority of households having access
to the Internet, it wasn’t long before insurance companies recognised a new
platform for selling their services. You’d imagine websites would be more
financially sustainable than limitless numbers of employees in a call centre.
As a result of this, customers are offered cheaper premiums by applying online.
On top of cheaper prices for your insurance, the
online function allows you access the details of your policy at any given time.
If required, you can even print of a copy of your policy in case the original
copy has escaped you. This is the era of true convenience
with insurance.
So, book a week or two off, gather up the
children and pick your destination, no
matter where it is. The world is all yours
to explore. At no point in history has it
been so easy and cheap to visit another
continent. Take advantage of these great
offers and visit the places you've always
wanted to visit, without breaking the bank.
