Wednesday, 24 August 2011

Why switching is a con

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For some time now, I have drawn the line at saving a measly £10 on my annual car insurance. Call me stupid, and by implication, experts do, with claims that comparison only takes five minutes, but over an hour is what it takes me. The perverse kid in a candy shop experience does not stop there either, for no sooner have I entered my personal information, than the bombardment of texts, letters, e-mails and calls begins - eating away at my time and luring me into potential scams

Imagine you had to compare a tissue every time you blew your nose, mopped a spill or wiped your bum - it would drive you mad. Why? Because these are things we need to do, just like having insurance, an energy supply, or bank account - basic commodities that millions use. Notice how we’re urged to switch as soon as price hikes loom and somehow feel stupid if we don’t get in quick? With no time to think how these vultures fail to pass on their savings after a wholesale price drop, we’re hooked on their never ending story.

Since when does the master jump at the servant’s command?

Behold the crooked butler in our midst, pocketing the spoils of illicit cellar trips, whilst sacking every honest worker in sight. The sheer numbers of redundant staff when executives receive millions should tell you something. It’s a steal, a rip. Don’t buy it!

So where can you go for a fair price on essentials such as banking, insurance, telecomms and energy? Well, your local credit union, a coop or CIC is a start. Owned by people like you, often you’re invited to own a share yourself, meaning that you have a say in what’s fair. In all honesty, it may cost more at the start, because the con in comparison is to sell one deal at a loss, to secure staggering profits on another. And as for the line that it’s clever to stooze, where is the insurance in that? 

Does your Nan know one end of a “Websavvy-Supersaver 9.10” from another and, more importantly, will you when you’re older or unwell? No. Paying more for a fair share in price fixing now could be an investment in all our futures - now that's what I call consumer revenge ;-)

 

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Image: Danilo Rizzuti / FreeDigitalPhotos.net

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