{"id":100,"date":"2011-12-01T09:00:21","date_gmt":"2011-12-01T08:00:21","guid":{"rendered":"http:\/\/www.theinternetsheep.com\/blog\/?p=100"},"modified":"2012-07-31T12:25:38","modified_gmt":"2012-07-31T11:25:38","slug":"what-is-wrong-with-insurance-companies","status":"publish","type":"post","link":"https:\/\/www.theinternetsheep.com\/blog\/2011\/12\/what-is-wrong-with-insurance-companies\/","title":{"rendered":"What Is Wrong With Insurance Companies?"},"content":{"rendered":"

Insurance is a requirement of living in the modern world. Most people will personally need household insurance<\/a> and\/or car insurance, and owners of businesses have a whole load of additional insurance products aimed at them such as professional indemnity and liability insurance<\/a>, some mandatory, some optional.<\/p>\n

Given that this produces a large, fairly captive market, albeit one with a lot of choice of providers, why do insurance companies do such an awful job of dealing with their existing customers when it comes up to renewal. To take a recent case, when my car insurance came up for renewal recently, I got an automatic offer from my existing insurer through the post. Considering that I had changed my car for a lower insurance group car, had been with the current insurer for a year with no claims, I was surprised and\/or annoyed to see the \u201cbest deal\u201d quote I was being offered was more than the previous year. A quick search around and I found an equivalent deal at slightly over half the renewal quote, and accepted that.<\/p>\n

Of course, when I called up my current insurer to let them know I would not be renewing, they immediately searched again and found me a \u201cbetter deal\u201d. Why was I not offered this immediately? Why when looking on a comparison site, were they offering better rates then they were offering me direct for renewals? The \u201cbetter offer\u201d was still not as good as the one I had from another insurer, so they lost my business, but if they had come up with a decent renewal quote to begin with, they might have kept my business.<\/p>\n","protected":false},"excerpt":{"rendered":"

Insurance is a requirement of living in the modern world. Most people will personally need household insurance and\/or car insurance, and owners of businesses have a whole load of additional insurance products aimed at them such as professional indemnity and liability insurance, some mandatory, some optional. Given that this produces a large, fairly captive market, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[14,15],"class_list":["post-100","post","type-post","status-publish","format-standard","hentry","category-finance","tag-insurance","tag-money"],"yoast_head":"\nWhat Is Wrong With Insurance Companies? - Random Baa's<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theinternetsheep.com\/blog\/2011\/12\/what-is-wrong-with-insurance-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Is Wrong With Insurance Companies? - Random Baa's\" \/>\n<meta property=\"og:description\" content=\"Insurance is a requirement of living in the modern world. 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