According to Canada’s Competition Bureau, January 18 marks the beginning of ‘Switch Week’, a time when Canadians are being urged to switch companies for services such as wireless, internet and more, to save money.
“By switching your telecom, insurance and banking providers or renegotiating your contracts, you can take advantage of competition to lower your monthly bills and get better products and services,” explains the Competition Bureau.
A recent survey commissioned by the Bureau says those who switched companies ended up saving $1,860 across these services: cell phone, internet, television, home and car insurance, and banking.
The data also shows in the past year, 25% of Canadians surveyed renegotiated their contracts to get better deals.
(1/2) DYK, you could be #overpaying around $1,860 a year by sticking with your telecom, banking and insurance plans?💰
— Competition Bureau Canada (@CompBureau) January 18, 2021
“It’s time to make service providers compete for your business. Stop overpaying and start switching,” says the Competition Bureau.
How to negotiate to save money on wireless services and internet for example? For wireless, if you’re able to have an unlocked phone on a bring your own device (BYOD) plan, you can switch carriers anytime you like when you find a better plan.
When it comes to internet services, you may have to do some research on the internet to find the best offer. Locate introductory offers from rival companies, then leverage those plans to your current provider’s retentions department.
While switching providers will save you money, it also takes time and can be aggravating, stressful and annoying, as companies will do what it takes to keep you from leaving for the most part (that means enduring endless verbal diarrhea and fear tactics).