We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
Increased Car Insurance - Student to Unemployed
cc461
Posts: 1 Newbie
I graduated about a month ago and am still looking for a job, meaning that when updating my car insurance renewal I have had to put 'unemployed' in the job description. I have however decreased my annual mileage from 18,000 to 8,000 as I will no longer have a commute and travel during peak times, and have another years no claims and driving experience. My car insurance has increased by over £200, which I have found out is due to being unemployed. I'm hoping that the unemployment will be temporary, but it seems so unfair I'm paying over £200 more for something that will hopefully change. If anyone has any advice I'd really appreciate it.
0
Comments
-
Set up a company and make yourself a director. The savings made will pay for themselves. It can be free to set up a company and the ongoing costs of making the annual returns to companies house for a dormant company are quite low.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
Have you phoned them?
My son is in the same boat - Graduated this year, phoned his insurer Elephant and they put his occupation as 'Graduate Seeking Employment' with no increase in premium.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards