Penalised For Being Honest!

Aretnap

Retired drivers are generally a good risk I believe. However they all get lumped together as "retired". Employed people get significantly different risk ratings depending on their occupation - partly because some occupations have an inherently high risk of motor accidents (motorcycle courier anyone?) but mostly because occupation is a marker for social class, and there's a correlation between social class and accident rate (random linky from Google). So if you go from a "low risk" occupation to being simply "retired" you might still see an increase in your premium. If insurers distinguished between "retired doctor" and "retired factory worker" you might not, but in my experience most insurers seem not to.

However we could be over analysing this. Even when my risk factors have certainly reduced (trading down from a 2.0L Mondeo to a 1.4L Fiesta for example), I can't remember ever getting a reduction in my premium mid-term.

Strider590

arcon5 wrote: »

What a load of rubbish. You can't honestly think the daytime risk is higher than rush hour risks when people are tired, traffic is busy and far too many people sitting bumper to bumper getting all territorial when somebody wants to change lanes in front of them.

For as hard as it is to believe, the insurance companies do clearly think this.....

zappahey

Strider590 wrote: »

For as hard as it is to believe, the insurance companies do clearly think this.....

You seem to be well-informed on this so I presume you can link to some evidence?

GAZ237

arcon5 wrote: »

His does the value of ops car make the fee value for money.

This is a mere administrative excerise for them. Hardly a change that would make the risk much higher! We know that, they know that and for some reason we seem to be more a accepting of ridiculous charges.

My point was. If he did not inform then of a change in circumstances. He may find that they would not pay him out on his car in the event of an accident.

So £25 is well spent.