Formal Letter
Dear Sir / Madam,
I am writing in connection with your request for increasing car insurance payment from 500$ to 750$ starting from next year.
As I have a light vehicle not sports one and as I have insurance with you for couple of years with free accident so, I did not get any benefits from insurance. In addition, and as you know the other car insurance companies are keeping their rates without increment.
Therefore, I did not see any reason to increase the insurance amount.
In light of this, I would like to request that to keep insurance amount at the same rate or I am sorry to tell that I will start looking to another car insurance company.
I look forward to hearing from you about actions you would like to take.
Yours faithfully,
Ahmad.