forced cancellation of car insurance due to enemployment.

craftofboredom

scheming_gypsy wrote: »

what happens when you get another job? will they do the same again and want to cancel your insurance or sign you up to another policy?

In all honesty, I don't really know... I'm still looking for a job at the moment so I haven't crossed that line just now. If I had to go through that again, I will just literally cry.

spiro

Employment category like postcode is one of the criteria car insurance companies use to determine if they want to insure you and the premium. It could have been that the poster's new postcode was on a 'black list' would could have resulted in a quote of £70,000 which they dont tell you they just say 'we dont want to cover you'. And before you ask £70k was the figure returned to a teenage using an internet comparison site.

Hammyman

craftofboredom wrote: »

I advised them of a change of circumstance because I along with being made redundant, I also moved houses. So I advised them with the change of address. At the end of the call, they asked me if there were any OTHER changes that I would like to inform them. Being unemployed is a huge change so I thought that I would tell them. That was it really.

And the truth finally reveals itself. So in fact you needed to take out a new policy or amend yours with more money needing to be paid is most likely because you moved address.

pinkteapot

OP - can I suggest you post your story on the Insurance board (instead of Motoring), including a link to this thread. There are insurance brokers who post on that board and may be able to help further...

Agree with Hammyman though - you need to find out from them if the increased charge was because of your new postcode or because of your employment status. Address makes a massive different to insurance costs.

pitkin2020

I can understand a change in premium because of moving house and because of unemployment but not having to cancel a policy and restart a new one. Your new postcode could be a higher risk hence the increase. Unemployed you are deemed a higher risk as you may be using the car more, i.e job hunting etc. Where as before your car would have been used to commute to one place, parked all day and used to commute home.

I would try and get some contact details for the underwriter and try and contact them direct. I suspect there is some increases but the brokers are adding their over inflated % on top of that fee aswell.

jase1

This is all very unfortunate. I had no idea that you even had to advise the insurer of a change of work like this, although on reflection it is logical as they ask you your occupation before taking the policy up.

I am an IT contractor, and in effect I am "made redundant" regularly -- between every 3 and every 24 months or so -- and occasionally I pick up a meaty 1-week contract that pays a lot for a short period. Am I hell going to let them know about every change.

scheming_gypsy

jase1 wrote: »

I am an IT contractor, and in effect I am "made redundant" regularly -- between every 3 and every 24 months or so -- and occasionally I pick up a meaty 1-week contract that pays a lot for a short period. Am I hell going to let them know about every change.

I was going to post something similar earlier but went for lunch instead. So far this year i've done, 6 contracts. That's a fair bit just in admin fees!

LandyAndy

jase1 wrote: »

This is all very unfortunate. I had no idea that you even had to advise the insurer of a change of work like this, although on reflection it is logical as they ask you your occupation before taking the policy up.

I am an IT contractor, and in effect I am "made redundant" regularly -- between every 3 and every 24 months or so -- and occasionally I pick up a meaty 1-week contract that pays a lot for a short period. Am I hell going to let them know about every change.

About 12 months ago MrsLA went from being employed as a headteacher to being a self employed Education Consultant. Our insurance premiums were unaffected. If you are a contractor that is your employment type.

bigjl

Two newbies start posting around the same time and both with queries that seem a little bit strange to say the least.

What will the next question be, i didn't know you had to pay for fuel?

forgotmyname

My insurance wont cover unemployed people but will cover house husbands and retitred people etc.

The way they asked is are you receiving unemployment benefit.