I hate paying full price for anything. If there’s a discount code I can use to save myself even a few pence I’ll use it. I always shop online thru’ cashback sites like Quido or Topcashback to maximise my savings. It’s not like I’m tight or anything but as Tesco says ‘Every little helps’ and its better being in my pocket than theirs!
So, I just had my home contents insurance renewal thru’ from Budget. My initial thought was ‘Wow, that’s a jump’. Last years premium £124.72, this years £163.70, well I wasn’t going to take that on the chin was I? I did a bit of homework first (thank you Compare the Market) where the top 3 quotes ranged from £115.45 (Dial Direct) to £136.53 ((Post Office) and I also did a quote with Saga (seeing that I’m now in the 50’s club) and that came in at £119.20
With my homework done, I rang Budget to say I’d regretfully be taking my custom elsewhere and I was asked if I wanted them to check to see if they could do anything, of course I said yes (I know how it works) but I was amazed at how fast ‘Henry’ came back with a new figure after ‘discount’ £112.82
£50.88 saved in about 15 seconds!!!!
Which is all great BUT why the hell don’t they just do that at the start, becos’ now I’m annoyed that if I hadn’t rang up, I’d have renewed and paid £50.88 more than I should have. Why don’t insurers just give you the best price from the get go??? Reward loyalty for a change instead of penalising it!
It is one of my BIGGEST bug bears with insurers, even more so becos’ I know damn fine, as do they, that the older generation for the most part, don’t know they can shop around for cheaper quotes, believing loyalty is key and end up being the ones most susceptible to being ripped off!!!
And I say that with experience as my Mum and Dad were massively ripped off by a big banking name (who’s name I won’t divulge at this present time, as they are currently being investigated by the banking ombudsman following my complaint). I estimate they were ripped off to the tune of £2K between 2011 and 2016 on home buildings insurance! My parents were told in 1977 that they had to take out buildings insurance with their mortgage lender, in order to secure their mortgage. They thought they had to stay with the same insurer, believed that loyalty paid and not being computer savvy, had never heard of ‘shopping around’, so had probably been ripped off for 34 years prior to that also.
Rest assured, once I have the conclusion from the ombudsman, I’ll be going public with the full tale and shaming them BIG TIME as they are ripping off the most vulnerable in society. My parents, your parents, your grandparents!
But for today, I’m happy that I’ve saved £50.88 this year with a quick phone call…..how much else can I save this year????