New research from Go.Compare has found that just over one third (38%) of consumers are haggling on their bills, with another 17% revealing that they are anticipating negotiating with their providers this year.
The comparison site surveyed over 2000 bill payers about their negotiating habits when it comes to their household bills. It found that the bill that people were most likely to haggle on was broadband, with 59% of people saying they had tried to negotiate on their contract. Another 42% said they haggled on their car insurance policy with 41% of people saying they tried to get a better price on their mobile phone contract.
The research also found that 85% of people were cutting their outgoings due to the ongoing cost-of-living crisis.
Ceri McMillan, Spokesperson for Go.Compare said “It is really concerning to see that so many people are having to cut their outgoings as the cost-of-living-crisis continues. While we are seeing small drops in some bills such as energy, we know that many other financial outgoings are still on the up.”
“Bills are such a large part of people’s monthly outgoings,” Ceri added “and are often the first place to look if you are trying to save money each month. From your insurance to your broadband bill, comparing the options that are available to you could save you more money than you think. It is reassuring to see that people aren’t just settling for the first price they are offered on many of their bills – and haggling with your provider can be an effective way to reduce the price.”
Top five products to haggle on | |
Broadband | 59% |
Car insurance | 42% |
Mobile phone contract | 41% |
Energy contract | 30% |
Home Insurance | 27% |