been home owner impact on premium

Quentin

mildred1978 wrote: »

This is like pulling teeth. .....

Unnecessary.

(Who is forcing you to contribute to this thread?)

lisyloo

Why does this matter?
I could go to see what my premium who be if I were a man or 20 years younger but what would be the point?
No-one is likely to change their home ownership status in order to get a cheap quote in the same way that no-one would have a "cut & tuck" :-)

Spiderham

linuxuk44 wrote: »

make sense but not sure to what extent it could impact the premium

As has been said if you think the change in car insurance premium will affect your decision on buying a home then you probably don't have enough reserves to buy a home.

Insurance companies who do charge more/less for homeowners will do so as in their experience homeowners cost them more/less in claims costs respectively. They will be basing it on stats rather than a gut feeling.

As an aside, I do always get slightly concerned when people ask what is the cheapest option for X on car insurance without explaining their situation. It does worry me that they may be trying to "pull a fast one" by non-disclosing, as opposed to the "I do X, what's the best way of presenting it" which is understandable.

Back to OP, regarding jobs the same will be true of different jobs as what I said for homeowner or not.

linuxuk44

well i am not trying to give false information to insurance nor buy a home because of £50 insurance discount if that is even the case. they may increase your premium .

however why I asked is to find out what is the reason behind it really and whether it has a positive or negative impact

Spiderham

linuxuk44 wrote: »

however why I asked is to find out what is the reason behind it really and whether it has a positive or negative impact

Wasn't accusing you of doing it just warning that is how it can come across.

In that case as I said depends on the insurer. Any difference will be based on the insurer's experience of people who own their own home versus those who don't. It's like asking why do they charge more for different ages/postcodes/vehicles(for car)/building types(for home) etc.