The joy of car insurance

Threepints

I received my renewal a couple of days ago (Swiftcover) & despite no claims in the previous 12 months my policy has increased by £200.00,

So like every year I went on to the comparison websites & searched. Having just taken redundancy and not claiming any benefits (nor intending to as I am setting my own business up in the New Year) I gave my occupation as retired.

The cheapest quote I received was £485.00 from the Post Office. I rang them up & they informed me that I should declare myself as unemployed. The policy increased to over £1000.00!!!

The CS rep stated that as I am not in receipt of a pension I cannot class myself as retired. Although she seemed uncertain.

Does anyone know if this is correct as it seems ridiculous.

InsideInsurance

What is your current situation?

Are you seeking work? - in which case you're unemployed
Are you simply inactive for a period? - in which case you're a Housewife/husband
Are you never going to work again? - in which case you're retired

Quentin

Threepints wrote: »

The CS rep stated that as I am not in receipt of a pension I cannot class myself as retired. Although she seemed uncertain.

Does anyone know if this is correct as it seems ridiculous.

Totally incorrect. (And many people retire, then come out of retirement for different reasons)

Threepints

InsideInsurance wrote: »

What is your current situation?

Are you seeking work? - in which case you're unemployed
Are you simply inactive for a period? - in which case you're a Housewife/husband
Are you never going to work again? - in which case you're retired

I am not seeking any work at all. I will be setting my own business up next year but at present I am at home.

InsideInsurance

So I would argue that you are currently a Housewife/husband or Independent Means - depending on if they have the second one or not.

Quentin

InsideInsurance wrote: »

So I would argue that you are currently a Housewife/husband or Independent Means - depending on if they have the second one or not.

But if being "retired" works out £500 cheaper, then I would say go "retired", then change that if you come out of retirement and start a new venture in the future.

Threepints

Many thanks for the replies.