ConsumerTalk with Wendy Knowler

ConsumerTalk: Loyalty is expensive

ConsumerTalk's Wendy Knowler explains three ways you could be overpaying every month.

When was the last time you interrogated what you’re paying monthly to insure your car, for the tracking service on it, or for your private security at home?

You could shave hundreds of rand off your monthly spend by making a few calls and having a robust chat with some of your service providers.

Short-term insurance premiums

If you have had your short-term insurance policy for some time, chances are your premium is no longer competitive, especially if you haven’t made a claim in the past year.

Make a few calls to your insurer’s competitors and ask for a quote to insure your car. If it is less than what you’re paying, negotiate with your insurer to lower your premium or make a switch.

When it comes to direct car insurance, loyalty most definitely doesn’t pay. The competitive premiums are to lure new custom - or keep those clients who wise up and threaten to switch.

Vehicle tracking devices

If you've had your tracking device for more than three years, and you didn’t pay for your device upfront, it is now paid off and you should request a lower fee as a result, as you’re only paying for the tracking service.

If they’ve never had to track your vehicle, you have a stronger case.

Home alarms and armed response services

When last did you check whether the fee you’re paying for your home alarm and armed response is market-related?

I did this, not too long ago, and discovered that my loyalty to one company for 18 years was being exploited.

I have since had my long-paid off system repaired and upgraded, and I now have superior protection with a rival company at less than a third of what I was paying the other company every month.


This article first appeared on CapeTalk : ConsumerTalk: Loyalty is expensive


Recommended

by NEWSROOM AI
Read More
ADT to pay up R29k for items stolen when guards were on duty after CT house fire

ADT to pay up R29k for items stolen when guards were on duty after CT house fire

Personal belongings were stolen from this Newlands home overnight in May while Fidelity ADT officials were apparently on guard.

Woolies pilots smart recycling machines at two CT stores

Woolies pilots smart recycling machines at two CT stores

Retailer Woolworths introduced a new recycling machine at its Palmyra Junction store last month. Its V&A Waterfront store is next.

When it comes to 'double debits', rely on the card machine not the bank SMS

When it comes to 'double debits', rely on the card machine not the bank SMS

Bank SMS notifications can be misleading when used as proof of transactions, says consumer journalist Wendy Knowler.

'It's time for SA Post Office to declare its incapacity' - complaints stream in

'It's time for SA Post Office to declare its incapacity' - complaints stream in

The Post Office says it has attempted to alleviate the backlog by redistributing international mail to other sorting centres.

You're unlikely to find appliance spares eight years after buying - Hirsch's CEO

You're unlikely to find appliance spares eight years after buying - Hirsch's CEO

For how many years should manufacturers or retailers keep spare parts after you have bought a product? ConsumerTalk investigates.

Tips on how to dodge dreaded telemarketers, spam calls and robocalls

Tips on how to dodge dreaded telemarketers, spam calls and robocalls

Consumer journalist Wendy Knowler shares advice on spam call blocking services and what the law says about unwanted telemarketing.

Popular articles
'I’ve never invested in the stock exchange. I know it too well'

'I’ve never invested in the stock exchange. I know it too well'

Bruce Whitfield interviews Prof Lorenzo Fioramonti (UP) about his attitude toward money (hopes, fears, successes, failures, etc.).

Feasibility study for Gautrain expansion completed but no approval yet

Feasibility study for Gautrain expansion completed but no approval yet

MEC for Transport Ismail Vadi says the feasibility study has been submitted to Treasury for consideration and formal approval.

Magashule has never taken responsibility for anything says Mxolisi Dukwana

Magashule has never taken responsibility for anything says Mxolisi Dukwana

Dukwana accuses Magasshule of taking him to Saxonwold and asking him to sign a project over to the Guptas for R2 million a month.

Judge in Omotoso case dismisses defence application to recuse himself

Judge in Omotoso case dismisses defence application to recuse himself

Judge Mandela Makaula has dismissed the defence application saying it has no merit.

'As long as I'm mayor, I'm not going to sit back and watch criminals take over'

'As long as I'm mayor, I'm not going to sit back and watch criminals take over'

City of Johannesburg Executive Mayor Herman Mashaba says criminals cannot be allowed to threaten service delivery in the city.