Goody 2 Shoes Sites Like This Cost Us Money

emessee

Sites like Moneysaving Expert cost us more in the short to medium term. A few examples. Car Insurance - It used to be cheaper for Female drivers than Male. For good reason, they have less accidents. People like the "Martins" campaign its unfair and sexist technically - now we all pay more. Recently, the "Martins" advised it was unfair that Insured people who didn't switch Insurers on renewal and stayed put would pay more for their insurance than a person who sought a new policy. So, Insurers have now been forced by legislation to ensure anyone insured must pay the same rate as new joiners - no more incentives to get you on board. Guess what, insurance prices have doubled for most - The lazy people, or rich take your pick, now have their policies reduced whilst everyone else pays hugely more. The market has been turned on its head and the only winners, hiding behind legislation are the Insurance companies. Just watch their incomes and profitability grow now. Wheezes across the board have been identified by sites like this, pushed out to the masses and blocked by the providers.
Same goes for the "predictions" of rate rises, various scams on switching this that and the other like Banks - switch and get some money then switch somewhere else etc. 
 

booneruk

Good rant - feel better now?

From my experience this site is a godsend and has saved or earned me many hundreds of pounds (bank switching etc). Long may it continue.

And in terms of insurance, I've just paid up for a year in advance on a new home insurance policy thanks to the recent news in the MSE email that prices are on the way up, which is nothing to do with sexism by the way.

DullGreyGuy

emessee said:

The market has been turned on its head and the only winners, hiding behind legislation are the Insurance companies. Just watch their incomes and profitability grow now. Wheezes across the board have been identified by sites like this, pushed out to the masses and blocked by the providers.
Same goes for the "predictions" of rate rises, various scams on switching this that and the other like Banks - switch and get some money then switch somewhere else etc. 
 

Why do you think only the insurers won? 

Men won when it came to car insurance
People who'd been with the same insurer for 20 years won when it came to pricing rules
Martin won when he sold this site for £80m 
MSM won with its £36.6m operating profit last year from this site

Insurers profitability has far from grown given combined ratios of over 100% for both Home and Motor for the last two years. 

dunstonh

A few examples. Car Insurance - It used to be cheaper for Female drivers than Male. For good reason, they have less accidents. People like the "Martins" campaign its unfair and sexist technically - now we all pay more. 

Gender discrimination was ended in 2012 and it was an EU ruling.   Nothing to do with Martin Lewis.

Women also live longer and used to get lower pension income because of that.   However, that was made unlawful too.

 Recently, the "Martins" advised it was unfair that Insured people who didn't switch Insurers on renewal and stayed put would pay more for their insurance than a person who sought a new policy. So, Insurers have now been forced by legislation to ensure anyone insured must pay the same rate as new joiners - no more incentives to get you on board. Guess what, insurance prices have doubled for most 

oh dear. You may want to do some reading about cause and causation.   

 The market has been turned on its head and the only winners, hiding behind legislation are the Insurance companies.   Just watch their incomes and profitability grow now.

How are insurers winners when 2022 and 2023 have been loss making?
Where is that growth you are referring to?

cymruchris

emessee said:

Sites like Moneysaving Expert cost us more in the short to medium term. A few examples. Car Insurance - It used to be cheaper for Female drivers than Male. For good reason, they have less accidents. People like the "Martins" campaign its unfair and sexist technically - now we all pay more. Recently, the "Martins" advised it was unfair that Insured people who didn't switch Insurers on renewal and stayed put would pay more for their insurance than a person who sought a new policy. So, Insurers have now been forced by legislation to ensure anyone insured must pay the same rate as new joiners - no more incentives to get you on board. Guess what, insurance prices have doubled for most - The lazy people, or rich take your pick, now have their policies reduced whilst everyone else pays hugely more. The market has been turned on its head and the only winners, hiding behind legislation are the Insurance companies. Just watch their incomes and profitability grow now. Wheezes across the board have been identified by sites like this, pushed out to the masses and blocked by the providers.
Same goes for the "predictions" of rate rises, various scams on switching this that and the other like Banks - switch and get some money then switch somewhere else etc. 
 

Was there a question? Or just a rant?

When things change - there'll always be 'winners' and 'losers' - you can't please all of the people all of the time - and yes business will always want to make its profit margins, but some of the changes that may have affected you personally will have benefited the wider community, and potentially the more vulnerable customers as a result.