Friday, January 27th, 2012
A colleague of mine at work has recently had the news that her partner is about to be made redundant and like so many people her age had been spending virtually all their combined income without saving anything for a rainy day. I suppose they are relatively fortunate that she still has a job and that he’s quite prepared to do anything to bring in some money and believes he can pick up some temporary shift work in a factory but it won’t make up for the shortfall. They were faced with a scenario of having to save a few hundred pounds a month if they were to remain with their heads above water and stay solvent so they have had to sit down and analyse their entire spending to see what could be cut back on, what could be cut out all together and what they needed to prioritise like rent.
There were a few quick wins; Sky was cancelled as was gym membership and direct debits to lottery syndicates etc. Charities have been shelved temporarily as have anything that wasn’t vital. She then used the comparison websites to source better deals on the home insurance, car insurance and permanent health insurance. In most cases she was able to save a few pounds to chip away at her shortfall.
Source: http://www.permanenthealthinsurance.uk.com/blog/2012/01/27/permanent-health-insurance-one-expense-we-had-afford/
Tags: Car Insurance, Charities, Colleague, Direct Debits, Gym Membership, Health Insurance, Home Insurance, Insurance, Insurance Car, Insurance Health, Lottery Syndicates, Many People, Permanent Health Insurance, Permanent Insurance, Quick Wins, Rainy Day, Rent, Shift Work, Shortfall, Sky
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Friday, November 25th, 2011
I have used the same insurance broker ever since I had my first car and I needed to arrange cover. They always seemed to work very hard trying to get me the most competitive premiums and the process seemed to take an hour or so and I would always walk away with a hand written cover note and a feeling that it was very expensive but I had the best deal I could get. Looking back on those days, the trust I had in the staff in that office was based on nothing other than blind faith combined with the hope that if I thought it sounded absurdly expensive I might try the insurance broker along the road. Although having already taken an hour or more to get the insurance sorted out, the last thing I would want to do is to go through the entire process again and waste my entire day off. These days of course, like virtually everyone, I no longer use an insurance broker. I use the online comparison sites and the rest of the population probably use the telephone. The online process is so advanced these days that, rather than taking half an hour, the time need to obtain a quotation is now down to 10 minutes and every form and cover notes are generated on a PDF file which arrived in your inbox within seconds. Whilst you’re on the website the system provides the facility to obtain other financial products as, from the comparisons site point of view, why stop with car insurance? Within minutes I found a site called Compare Life Insurance comparison I, arranged travel insurance and arrange a hire car to pick you up from the airport. The freedom the system allows is key, as you can access for your self a list of premiums and see for yourself how much cheaper one insurance company is over another.
Tags: Blind Faith, Car Insurance, compare life insurance, First Car, Half An Hour, Hire Car, Inbox, Insurance Broker, Insurance Company, Insurance Life, Insurance Online, Insurance Quotes, Life Insurance Comparison, Life Insurance Uk, Online Insurance, Pdf File, Point Of View, Premiums, Quotation, Time Need, Travel Insurance
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