Car insurance: Difference between homemaker and unemployed

[Dai Corner]

It certainly make you wnder how their minds work. When it comes to working out the premium they offer. Something along the lines of.- Provided there's a Q in the day, a Z in the month and the year is exactly divisible by PI then your quote is £600. If not then its £800.

They see how much they have to pay out to policyholders having each of the characteristics they ask about. The more a more particular group cost them, the more they charge them.

 

[2392]

Quite agree Dai. Though from our side of the counter. The various quotes seem to be oh, so random and without any reason.

 

[Dai Corner]

Quite agree Dai. Though from our side of the counter. The various quotes seem to be oh, so random and without any reason.

Indeed. Thank goodness for comparison sites. At least you can be reasonably sure your premium is about right without spending hours on the phone giving the same details or paying a broker who may or not get you the best deal.

 

[Bletchleyite]

Indeed. Thank goodness for comparison sites. At least you can be reasonably sure your premium is about right without spending hours on the phone giving the same details or paying a broker who may or not get you the best deal.

I find the comparison sites ask so many questions that you could easily slip up on one (in order to accommodate so many insurers' different requirements), so once I've found the best price on there I then go to the insurer's own website to take the policy out.

 

[cactustwirly]

I find the comparison sites ask so many questions that you could easily slip up on one (in order to accommodate so many insurers' different requirements), so once I've found the best price on there I then go to the insurer's own website to take the policy out.

Depends on the car and driver. Something more specialist, then you're better off going through a broker.

 

[ainsworth74]

Amusingly, taking my parents off actually saved about £150! I expected savings by taking my dad off as he'd picked up some points, but taking my mum off reduced the price further!

Just goes to show it's worth checking the different permutations, because insurance premiums really do seem to be a lucky dip at times

Yes I've noticed that. If I take my mum off I save a little bit compared to just having me. The first time I spotted this I initially put it down to her having had an at fault accident (not in my car or under my insurance but obviously have to declare it!) but the last time I renewed I no longer had to declare that as it happened before the period they were asking for still a bit more expensive to have her on. My sneaking suspicion is that it might be an age thing. She's 67 so I'm wondering if they're pricing that into the policy now. Still though, worth having her on as she does occasionally need to drive my car plus I figure the amount of money she's spent on my over the years I can probably afford to cover this one for her

I find the comparison sites ask so many questions that you could easily slip up on one (in order to accommodate so many insurers' different requirements), so once I've found the best price on there I then go to the insurer's own website to take the policy out.

Yes that's my approach as well both to make sure that I'm answering just the questions they ask and doing so accurately but also I just prefer going direct to the provider rather than a third party being anywhere near the process.

 

[SteveM70]

Dependent on the driver’s characteristics, type of car and where it’s normally kept, occasionally reducing the estimated mileage actually increases the premium, because the perceived risk of theft becomes greater than the perceived risk of an accident

 

[matt_world2004]

So if you are living by yourself and have plenty of savings so you don't need to work for the foreseeable future you have to be "unemployed"? That can't be right. Arguably, putting "unemployed" would be fraud as you are not claiming benefits or looking for work.

Couldn't you technically be retired. If I had a significant amount of money at 20 I would certainly never think of working again

 

[Bletchleyite]

Couldn't you technically be retired. If I had a significant amount of money at 20 I would certainly never think of working again

If you weren't working and didn't intend to work again then you're retired, yes.

It's all about good faith. Choose, in full honesty, the one that most closely describes your situation.

 

[Eyersey468]

I was once told by my uncle that insurance companies aren't bothered about a couple of hundred miles either way with estimated annual mileage. A brokers told me in the event of a claim if you have gone a lot over its a higher excess