I recall various things being given as reasons, ability to shop around, people being seen as lower risk as they associate early renewals with people who would fix an emerging mechanical fault before it became unsafe and people with a higher aversion to taking risks.
That’s probably where I heard it, it works too.
I recall various things being given as reasons, ability to shop around, people being seen as lower risk as they associate early renewals with people who would fix an emerging mechanical fault before it became unsafe and people with a higher aversion to taking risks.