Insurance - do some work!
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From: David Clayton on 25 Feb 2010 22:41 Get Home Contents insurance renewal in the mail, cost is up again on last year... Go to the company's web site and put in the exact same details as on the quote.... instant 15% discount for doing it on-line and the total works out to be almost 30% less than the renewal! Only difference seems to be higher excess on the new quote (big deal....) 10 minutes on the PC = ~30% saving on my insurance. Anyone who just posts off their renewals without shopping around each and every year just give their money away. -- Regards, David. David Clayton Melbourne, Victoria, Australia. Knowledge is a measure of how many answers you have, intelligence is a measure of how many questions you have.
From: Mr.T on 25 Feb 2010 23:28 "David Clayton" <dcstar(a)NOSPAM.myrealbox.com> wrote in message news:pan.2010.02.26.03.41.45.972458(a)NOSPAM.myrealbox.com... > Get Home Contents insurance renewal in the mail, cost is up again on last > year... > Go to the company's web site and put in the exact same details as on the > quote.... instant 15% discount for doing it on-line and the total works > out to be almost 30% less than the renewal! Yep, AAMI were doing that 30 years ago. Nothing much has changed except now you can get a different quote on the internet rather than phone :-) The idea has always been to attract new customers while fleecing the existing ones as much as possible. The banks and Telco's do it *FAR* better now though. They simply state the lower charges ONLY apply to NEW customers and NOT existing ones! They rely on the effort needed to continually switch accounts being too much for most people. MrT.
From: David Clayton on 26 Feb 2010 16:52 On Fri, 26 Feb 2010 15:28:25 +1100, Mr.T wrote: > > "David Clayton" <dcstar(a)NOSPAM.myrealbox.com> wrote in message > news:pan.2010.02.26.03.41.45.972458(a)NOSPAM.myrealbox.com... >> Get Home Contents insurance renewal in the mail, cost is up again on >> last year... >> Go to the company's web site and put in the exact same details as on the >> quote.... instant 15% discount for doing it on-line and the total works >> out to be almost 30% less than the renewal! > > > Yep, AAMI were doing that 30 years ago. Nothing much has changed except > now you can get a different quote on the internet rather than phone :-) > The idea has always been to attract new customers while fleecing the > existing ones as much as possible. > The banks and Telco's do it *FAR* better now though. They simply state the > lower charges ONLY apply to NEW customers and NOT existing ones! They rely > on the effort needed to continually switch accounts being too much for > most people. > There is also another benefit from taking out a new policy rather than just renewing - you get a free extra day of cover each time you do this. All policies seem to run until midnight one year and one day after the commencement date - not the actual expiry date which should be the day before. A renewal just carries on from the original expiry date, a new policy can start the day after and you are still covered for the previous day on the old policy. -- Regards, David. David Clayton Melbourne, Victoria, Australia. Knowledge is a measure of how many answers you have, intelligence is a measure of how many questions you have.
From: Mr.T on 26 Feb 2010 22:02 "David Clayton" <dcstar(a)NOSPAM.myrealbox.com> wrote in message news:pan.2010.02.26.07.48.11.471235(a)NOSPAM.myrealbox.com... > There is also another benefit from taking out a new policy rather than > just renewing - you get a free extra day of cover each time you do this. > > All policies seem to run until midnight one year and one day after the > commencement date - not the actual expiry date which should be the day > before. A renewal just carries on from the original expiry date, a new > policy can start the day after and you are still covered for the previous > day on the old policy. But you certainly go to a hell of a lot of trouble to save less than 0.3% of the premium! MrT.
From: David Clayton on 26 Feb 2010 22:13 On Sat, 27 Feb 2010 14:02:28 +1100, Mr.T wrote: > > "David Clayton" <dcstar(a)NOSPAM.myrealbox.com> wrote in message > news:pan.2010.02.26.07.48.11.471235(a)NOSPAM.myrealbox.com... >> There is also another benefit from taking out a new policy rather than >> just renewing - you get a free extra day of cover each time you do this. >> >> All policies seem to run until midnight one year and one day after the >> commencement date - not the actual expiry date which should be the day >> before. A renewal just carries on from the original expiry date, a new >> policy can start the day after and you are still covered for the >> previous day on the old policy. > > But you certainly go to a hell of a lot of trouble to save less than 0.3% > of the premium! > Not when I still save big $$ by taking out a new policy anyway, and it all adds up over time...... -- Regards, David. David Clayton Melbourne, Victoria, Australia. Knowledge is a measure of how many answers you have, intelligence is a measure of how many questions you have.
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