Turnover is typically used by insurers as a measurement of scale. How increasing turnover applies to your risk profile depends on your business activities and the class of insurance. It is important that your broker is advising you on the appropriate strategy to ensure your coverage allows room for growth, meanwhile minimising and forecasting increases in premiums.

There are a number of key factors motor insurers use to calculate premiums. As a majority of motor vehicle claims are not total losses, insurers focus more on the average cost of repairs than the vehicle value. It is also important to look at your claims frequency, current risk management practices, and potential risk management improvements. The best way to reduce premiums is to lower claim frequency.