I've been asked to sort out motor insurance for a relative who's not computer-savvy.
For yonks this relative has been brand-loyal to one insurance company, I won't tell you which one but I can tell you that it's well-known, palindromic and based in East Angular. The renewal letter says that the premium for the next year is a shade over £430 for a car that's valued at only £250, and that a £20 discount can be had for renewal online. That means we're working on beating a figure of about £410. See, I knew that my A-Level in Pure & Applied Maths would come in handy one day.
Anyway, back on the 'puter we plugged my relative's details into a well-known insurance-comparison site, and sat back to wait for the flood of results.
Premiums ranged from a paltry £274.77 to a whopping £1946.17!!!
Figuring that my relative would prefer to be insured through a reputable "heard of" company, and wouldn't want an online-only service, we looked at the cheapest quote supplied by a well-known company. The best suitable deal turned out to be with a popular breakdown recovery organisation. Their verified like-for-like premium would be a shade over £330. Not bad - a saving of over 80 quid.
Because we'd saved the quote on their website, they sent an email confirming the terms. In that email they kindly provided the name of the company with which they arrange the cover... yep, you've guessed it, it's the current insurer.
Now I'm no business guru but I'll wager that the popular breakdown recovery organisation isn't acting as a go-between for free, so let's assume that they're on something like 10% commission, say £30 for the sake of easy maths. That makes the premium differential a tidy £110, well over 25% of the current renewal.
Or, to put it another way, the current insurer is hiking the premium by about 33% when dealing direct.
Which begs the question... why didn't the current insurer offer such a good deal as the popular breakdown recovery organisation, for what is, to all intents and purposes, exactly the same service? That failure to do so may well cost the company some business - I suspect that when I tell my relative about how the current insurer's premiums vary so much depending on the supplier, brand-loyalty may well go out of the window.
No Meerkats were harmed in the production of this post.
You've not been holding your breath since last November, have you?
I'll see if I can scrape together enough stuff to make a half-decent post sometime soon.
And now for the weather. Or rather a question about weather...
How is it that the Norwegians can forecast our weather more accurately and in more detail than our own Met. Office can, and provide better charts to boot?
Here's theirs (click it to go to the yr.no website for the Full Monty):
Yep, you just copy the URL for the chart and paste it into your website as an image, it updates as required on refresh. No sign-up required. And it's usually very accurate. Good, eh?
And ours? Well, if you register with the Met. Office you can make a basic widget:
Or you can go to their website to view their registration-free (but usually not-so-accurate) up-to-date chart which you can't copy/paste. Not so good, eh?
Welcome to 2014.
Bring yer wellies and thermals.