Manage episode 491738351 series 3648513
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
Resources and Links mentions
- Ruben Hassett’s LinkedIn post on three high-impact negotiation prompts: https://www.linkedin.com/posts/ruben-hassid_i-never-negotiate-without-chatgpt-here-activity-7344318645918912515-_NpY
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
18 episodes