Increased motor premium due to unemployment?

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woodbine

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My motor policy is due for renewal at the end of the month and as usual i've been shopping around for the best value policy.

I just got an online quote from The AA and thought it was a bit high. ( €685 )

i went back and changed the status of my fiance (he's named on the policy) to "employed" from "unemployed" and the quote dropped back to €396 which is closer to what my current insurer are offering in the renewal pack i received.

Is this possible?

Why should my boyfriend suddenly become a risk because he lost his job?

Has anyone else come across this?


(I've done a search but no results showing up)


thanks in advance for any help or advice. :)
 
it shoudl not make a difference. are you sure that this was the sole reason for the higher quote, or did AA simply check their computer system and place you with a different insurer?
 
Could it be because an unemployed person will have more free time and hence be driving more?
 
woodbine said:
My motor policy is due for renewal at the end of the month and as usual i've been shopping around for the best value policy.

I just got an online quote from The AA and thought it was a bit high. ( €685 )

i went back and changed the status of my fiance (he's named on the policy) to "employed" from "unemployed" and the quote dropped back to €396 which is closer to what my current insurer are offering in the renewal pack i received.

Is this possible?

Why should my boyfriend suddenly become a risk because he lost his job?

Has anyone else come across this?


(I've done a search but no results showing up)


thanks in advance for any help or advice. :)
Click to expand...

From working inside motor insurance, I believe this to be an unintentional error. I can see no logic behind it. Insurer's only ask your occupation to make sure you're not part of a list of undesirable occupations revolving around the motor trade.
 
just to close off this thread, AA rang me the next day to ask if i was going ahead with the quote, i explained to them what had happened and the rep seemed surprised. He checked again and came back with an alternative quote of €361.(AXA)

He couldn't explain the original difference i got online.

thanks for replies, have now sorted my insurance with my original company. (knocked €42 off their renewal quote to bring it within €20 of the AXA price so i'm happy with that):)
 
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