RE: DLG Business Model21 Dec 2022 22:46
Understand the view of limited profits, our insurance costs are tiny compared to most, and obviously the profits are lower as a consequence of a cheap price, but thats all sorted by the risk management macros they would calculate from id have thought, the barely used shopping hack isnt used a lot so less of a risk to cover.
I think the inflation angle is an interesting point. Car repairs are getting expensive and inflation rampant across costs of parts, second hand values increasing etc, all these hit the companies cash register in the event of any claim, but surely these market forces are the same regardless of the insurer? Yet still the price is double the renewal quote, and the insurance offered for that insurance isnt any better when they are compared, im also sure the AA would deal just as favoursbly as DLG would in the event of any claim in coughing up the readies.
I dont usually post on here, currently hold a fair few shares across mine and the wifes accounts, but when i have nipped in i have seen wuite a few posts where stated DLG prices are considerably higher than the c9mpetitors. I havent seen anybody post a cheaper one yet. Its this point that has me questioning the sustainability of losing customers with such huge differences in cost.
Anybody had a better quote experience/price they care to share ?