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General => Insurance => Topic started by: kingbilly on 30 May 2012, 12:57

Title: employed versus retired
Post by: kingbilly on 30 May 2012, 12:57

I heard somewhere that being retired as opposed to employed actually increases your premium...this can't be right.

So I did a quick test on Elephant...and true enough...my premium went from £231 as an employee to £290 if I was retired.

Any idea of the criteria / logic / reasoning behind this...?

Thank you,
Billy

Title: Re: employed versus retired
Post by: stfc_gti on 30 May 2012, 14:44

i wish i could get 290  :sad:

Title: Re: employed versus retired
Post by: JC on 30 May 2012, 18:41

old codger if retired, normally

working = less time in car than a retired person  :huh:

trying to understand insurance, whats next, how a woman works ?

Title: Re: employed versus retired
Post by: barrym381 on 30 May 2012, 18:56

Quote from: Chuff on 30 May 2012, 18:41

, whats next, how a woman works ?

no1 knows that chuff  :grin: :grin:

Title: Re: employed versus retired
Post by: search on 31 May 2012, 15:32

was on the news, a man was made redundant his renewal price went up £600 he too did a test online said he was working and then again wasn't working. the news did some investigating and got told its because Unemployed people have more time on there hands to drive and more prone to crash i expect this is the same, all thos old people going out boy racing Eh!

made me think tho if that moment in time the guy never had a job and a few months down the line he got a job should he ring his insurance and tell them he has a job now lol. so strange.

Title: Re: employed versus retired
Post by: search on 31 May 2012, 15:34

p.s also one company said unemployed people are more likely to put in a claim because they need money. there words.

i was just thinking what if your unemployed due to an illness how would that work.