Insurance WTF...

iaind

iaind

iaind

Soldato
Joined
26 Feb 2009
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Location
Exeter
Just been ammending the insurance for the new car and came across a little WTF that someone might be able to explain...

I changed the car to my new registration and added my Dad to the policy as he'll be borrowing it when I need his estate. Set the change date to today and it game me an increase of about £67...fine.

Then I realised I had set my Dad's occupation to retired, but remembered he wasnt retiring till next weekend. Probably not a big deal, but best be on the safe side - the dealer gave me a 7 day cover note so I just changed the start date to Saturday. Increase in premium - £120... What!? :confused:
 
Company director - but there were no quotes with that on there. First quote of £67 was technically wrong because I set him to retired as of today. Second quote was exactly the same as the first, just with a different change date
 
Can't say i really would have bothered if he wasn't going to drive it until he really was retired.
 
I havent, I went with the first option of changing as of today. Just seemed really odd, I appreciate various different things can affect the risk, but I just didnt understand it this time
 
I stuck both parents on my policy since it's a Lotus, it is a very high premium, even at 26yr old.

Dad retired, but owns a company, so down as Company Director - is there no way you can wangle his employment? Does he sell on eBay? Any voluntary work? etc
 
Chris1712 said:
From what I can tell, he was quoted as retired in both quotes. But the latter had a insurance change date of a week later.

Its a bit nutty Basil.
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Yep, that's what I said :)

It's fine with him down as retired as of today, so that's what I've done. If anything I expected a change a week later to result in a slightly lower cost, but never mind!
 
Goksly said:
You sure? Cheapest quote I've ever seen was for a retired person (Saga - less than £70!).
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occupation will go by how many people in the uk have the same occupation and the number of claims with people in that occupation, unless you go specialist saga aimed at older people same with why specialist car companies will give you better prices than main stream insurance companies
 
[TW]Fox;16206236 said:
Is letting them borrow it how you finally managed to get them to let you have one? :D Cunning plan!
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Lol - I pensively sat in the pax seat as both (obviously seperately) drove it.

They are afraid of it now. I win :cool:
 
I added a friend to my insurance for 2 months, and when I first rang up to get the quote I forgot that he wasn't born in the UK - so I gave them a moving to the UK date of 1991.

I got the quote, and said I'd ring back again to pay and double check the details. It turns out that he moved to the UK in 1993, and not 1991. The first quote was £50 quid, and the second quote was £70.

So a £10/month hike for the difference in 17/19 years of living in the UK.

Sometimes I wish I could see their exact formula for working insurance out!
 
I can semi understand that one - they probably found that the later someone moved to the UK, the more likely they are to make a claim. Not that the year of moving is a cause of increased claims, but that's what risk is all about.
 
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