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
30 discounts, freebies and rebates for pensioners to take advantage of

30 discounts, freebies and rebates for pensioners to take advantage of

Life is expensive. Here's a list of where and how senior citizens can enjoy a wide range of specials to get more bang for their buck.

Customers share their stories of unintended shoplifting (and how it ended)

Customers share their stories of unintended shoplifting (and how it ended)

Consumer journalist Wendy Knowler has had her own close call with unintended shoplifting and so have dozens of CapeTalk listeners.

Uber SA says insurance cover is in place, but consumers tell a different story

Uber SA says insurance cover is in place, but consumers tell a different story

Uber says the blanket cover is paid for by the company in case of death, disability or injury suffered by drivers and passengers.

Consumers call out Discovery Vitality and Momentum Multiply for not delivering

Consumers call out Discovery Vitality and Momentum Multiply for not delivering

Are you being duped by your medical aid's rewards programme? These Discovery and Momentum members feel they were shortchanged.

Waltons responds to 'logistical glitch' with back-to-school stationery sets

Waltons responds to 'logistical glitch' with back-to-school stationery sets

Parents complained about failed deliveries, lack of communication and poor customer service. Waltons has since issued a statement.

Beware: Your favourite dairy substitutes may contain milk

Beware: Your favourite dairy substitutes may contain milk

Allergen specialist Dr Harris Steinman says some imitation dairy products can contain cows milk protein.

Popular articles
'Majority of tax payers will get R153 more in their pocket this year'

'Majority of tax payers will get R153 more in their pocket this year'

Co-Founder at TaxTim Marc Sevitz says no tax decrease for tax payers may be the only disappointment in the budget speech.

#Budget2019 "Do we really need SOEs?"

#Budget2019 "Do we really need SOEs?"

In his first budget speech, Tito Mboweni pledged a conditional R23bn a year for Eskom and a pay freeze for MPs and MPLs.

[VIDEO] Muizenberg pedestrian attacked in broad daylight

[VIDEO] Muizenberg pedestrian attacked in broad daylight

A woman was attacked on her way to work earlier this month.

'Netflorist ad shouldn't be banned, but it's a piss-poor example of creativity'

'Netflorist ad shouldn't be banned, but it's a piss-poor example of creativity'

Show host Eusebius McKaiser discusses the Netflorist ad which won an advertising standards case about using racial stereotypes.

[WATCH] Pupils packed in minibus taxi like sardines causes social media outrage

[WATCH] Pupils packed in minibus taxi like sardines causes social media outrage

Khabazela shares tweets and Facebook posts that have gone viral.

Why does one armpit smell stronger than the other?

Why does one armpit smell stronger than the other?

The Naked Scientist answers callers questions including, why one armpit has a stronger odour than another.