I share the step-by-step process I followed to reduce my annual car-insurance premium by $472 in less than 30 minutes.

After walking through the personal example, I outline how AI can also assist with more complex business negotiations, from supplier contracts to six-figure SaaS renewals.

With AI as your partner, there is no excuse to go into any negotiation unprepared. 

• Turning ChatGPT into a policy analyst – how I asked the model to review my renewal documents and highlight every potential saving.

• Building a like-for-like market comparison – the prompt that produced a clear table of alternative quotes from seven insurers.

• Preparing a concise negotiation script – the structure ChatGPT suggested for my opening request, follow-up questions, and closing statement.

• Implications for comparison websites – why instant, AI-driven analysis may change how we shop for insurance and other services.

• Simple privacy safeguards – the setting changes you should make before sharing any personal document with an LLM.

• Applying professional negotiation models to larger deals – mapping the process to frameworks such as Harvard Principled Negotiation, the Seven-Elements checklist and the Toulmin Model
  

• My LinkedIn thread detailing this insurance exercise:https://www.linkedin.com/posts/davisonscott_lucky-im-with-ai-this-morning-my-carinsurance-activity-7342768444305567744-omww
  

Let's continue the discussion

Have you used AI to reduce a household bill or improve a business deal? I’d enjoy hearing your experience. Connect with me on LinkedIn or post your comments below. 

Chapters

00:00 Introduction - how i saved $472 on car insurance using AI

03:11 Step 1: review your current policy

05:39 Step 2: conduct a market comparison using AI

07:50 Step 3:  Summarise key negotiation points and competitor rate, including a sample script

08:15 Step 4:  get on the phone and negotiate a better price. 

09:46 What does this mean for comparison sites?

10:14 How to protect your privacy

12:16 How to use AI for complex business deals and contract negotiation

18:50 My way or the AI way Remix - courtsey of Mubert - 5 sec.mp3