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Do You Know What All Insurance Companies Australia Dislike?

By David Johnston Subscribe to RSS | December 15th 2011 | Views:

Insurance companies want customers to believe that each and every policy is completely unique and that it is impossible to anticipate the cost of coverage in advance. However, the truth is that insurance companies react negatively to certain points and developments irrespective of differences in their risk tolerance and other terms and conditions.

Statistics indicate that teenaged drivers file the highest percentage of claims amongst all age groups. They also file the highest value claims. A teenager in an accident will cost an insurance company far more as compared to an accident in which a middle aged driver is involved. The latter category has the tendency of driving at moderate speeds at all times.

On the other hand, teenagers have the tendency of stepping on the accelerator when they feel the road is not congested. Not surprisingly, insurance policies automatically become more expensive when insurance companies Australia are expected to cover teenaged drivers as well.

They battle for affordability is a never ending process between car owners and insurance companies. Car owners seek alternatives and solutions to reduce the premium for every new requirement imposed by the insurance companies. Since insurance companies classify drivers within certain age groups as high risk candidates, the tendency to attend defensive driving courses to get certified as a safe driver has increased.

A defensive driving course will automatically enhance one's ability to negotiate better. It may not always lead to lower premiums but one will enjoy better options and a better bargaining power when renewing the insurance policy. Combining multiple insurance policies with lead to better discounts since the overall risk of collision has come down.

There is no reason to restrict the defensive driving courses for teenagers alone. All members of the family should undergo this course. The increased risk of having a teenaged driver will be offset by the fact that all drivers have become safer and better at handling the vehicle. For every negative factor, one can come up with other positives to offset the price rise.

Instead of presuming that insurance companies Australia are unreasonable and illogical, one should look at things from their perspective and act accordingly. In any case, the ultimate responsibility of becoming a safe driver and reducing risk of accidents lies upon the owner of the vehicle. Hence, cooperating with insurance companies and taking steps to reduce the premium will lead to many other advantages and benefits as well.

David Johnston - About Author:
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