What the weather and your insurance premium have in common

Muscat: Life is full of unexpected connections, and sometimes the most surprising things influence each other in ways we never imagine. Take the weather, traffic, and your insurance premium, for example. At first glance, they seem unrelated—one’s a natural phenomenon, the other involves cars on roads, and the last is a financial safeguard. But dig a little deeper, and you’ll see how they’re intertwined in fascinating ways.

Weather and insurance: More than meets the eye
In Oman, weather conditions range from intense heat to occasional rain, impacting more than just daily plans—they influence insurance premiums. Rainy days can lead to slippery roads and accidents, while heatwaves cause issues like engine overheating and tire blowouts. Insurers factor in these risks, with extreme weather often leading to higher premiums. Premiums are calculated based on risk, using data from weather patterns, traffic, and driving habits. Globally, technologies like telematics also adjust premiums based on how and when you drive, linking weather, location, and behaviour to the cost of coverage.

What can you do?
While you can’t control the weather or magically clear up traffic, there are steps you can take to keep your insurance premiums reasonable:
1.Drive Safely: Avoid speeding, hard braking, and other risky behaviours.

2.Choose your routes wisely: If possible, take safer, less congested roads.

3.Park Smart: If you can, park in a secure location to reduce the risk of flooding Wadi’s or rain damage.

4.Get the right cover: Ensure your policy matches your needs. Comprehensive insurance offers broader protection against weather-related damages, theft, and accidents, which can save you significant costs in the long run.

5.Maintain your vehicle: Regular maintenance, like checking tire pressure, inspecting brakes, and servicing your engine, can prevent breakdowns caused by extreme heat or other weather conditions, reducing the likelihood of claims. Make sure that you check your vehicle’s health and fluid levels before a long journey to ensure that your journey is a safe one.

6.Monitor weather updates: Stay informed about weather conditions through reliable sources, and plan your trips accordingly. Avoid driving during storms or extreme heat whenever possible.

A little awareness goes a long way
Understanding the connection between the weather, traffic, and your insurance premium doesn’t just make for an interesting conversation starter. It also empowers you to make smarter decisions, whether driving more cautiously or considering your cover options.

So, next time you’re stuck in traffic on a rainy day, spare a thought for how it all ties back to your insurance. The world is more connected than we think—and that includes your commute, the forecast, and your bank balance.

At Liva Insurance Oman, we’re here to help you navigate these complexities with confidence. Because understanding the big picture helps you make the best decisions for your future.

* The writer is Head of Distribution, Personal Lines, Liva Insurance