Australians who stick with insurance and power companies out of loyalty or complacency are often paying more than those who shop around, data shows.
A report from the Australian consumer watchdog found up to 79 per cent of households pay more for power than they should.
The person at the counter tells you the deal is for new customers, and while that doesn't feel fair, it's only when you threaten to play traitor at a different sandwich shop they offer you the better deal. A loyalty tax is the hidden premium that customers pay for staying with a provider or brand, where the extra money they shell out is spent on savings for new customers, and the cycle repeats.than they needed to be, and in September, a report from comparison website Canstar found households who fail to shop around for home and contents insurance miss out on an average of $819 a year.
Estimates for gas and energy bills has been a common practice across Australia for years, but many people don't know to check.
Cost Of Living Loyalty Tax Bills Utilities Gas Power Insurance Phone
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