01 December 2010
Over The Barrel...
I have my comprehensive car insurance with NRMA and I am supposedly entitled to a discount if I have more than one insurance product with them. My Green Slip was discounted from something above AUD 600 to AUD 472.42. To me that is almost fraudulent. A company that I have no associations with will do it for AUD 472.42 and a company that I have insurance products with where I am entitled to a discount will do it for AUD 472.42. Go figure!
In the end, I opted for NRMA. I did this because in a lot of ways I felt I was over the barrel. The reality is that I will soon be needing home content insurance and as such a third insurance product with NRMA is allegedly going to entitle me to even greater discounts. Excuse my skepticism, but my guess is that the NRMA will ratchet-up the basic cost of my insurance and then discount it to a level that I could get it from elsewhere.
Then the decision really becomes one of convenience. If I am going to be paying within a few dollars of premiums that I can get elsewhere then it makes sense, at least to me, to have all my insurance needs at the one place. Simply, what I make up on the merry-go-round I lose on the swing anyways. So, it really is a very much break even proposition. It is sort of like feeling that this is the least painful shafting I will be getting overall in terms of having complete insurance cover across the board for everything that needs to be insured.
I think the realisation that I was over the barrel was a sobering one in a lot of ways. For when I told the NRMA sales person that I had a non-discounted offer of AUD 472.42 from another insurer that I held no policies with at this point in time, her answer was a simple "So, you want the green slip or not? Can't you see we are busy today?" I took the green slip from the NRMA for the reasons I noted earlier. And, I did not feel too bad about getting shafted, I was just kind of glad to have it out of the way for another 12 months.
The NRMA logo should really read "Helping people [to empty their wallets]".