When to switch to a packaged current account?

GreatProphetZarquon

The MSE advice on these accounts is pretty clear and rather obvious - the benefits offered have to worth more than the annual charges on the account. The question is when to make the switch?

Bills for services that could be provided by the account benefits come at various points during the year - travel insurance at one point. car breakdown insurance at another. It seems that if I switch at any point, I'll already have bought one of those services within a year and so I'll probably end up paying more. Do I just rely on saving over a 2-3 year timescale?

grumbler

Don't buy the annual travel insurance when it expires.

That said, for me packaged accounts are not worth having.
European family insurance is free (upgradable to worldwide for ~£40).
Full breakdown is £41.
And I am capable of insuring myself my mobile.

ruudy

I no longer need mobile insurance but wondering How do you insure your mobile phone? Just out of interest.

pinkdalek

ruudy wrote: »

I no longer need mobile insurance but wondering How do you insure your mobile phone? Just out of interest.

There are bound to be sites online that can offer it on its own, such as protect your bubble.

It's quite shocking how there are people out there who are happy to insure their phone, holiday, gadgets, house but not their own life or lifestyle. Phones can be replaced, but the financial impact of losing someone or having to quit your career due to illness cannot.

YorkshireBoy

I suspect grumbler may be self-insuring as I do by not owning a £700 mobile or signing up to an expensive contract (my smartphone cost me circa £50 on Tesco double up club card boost and my pay monthly SIM is also capped at £10).

If it breaks or its lost or stolen i'll buy another!