Retired v housewife

Archergirl

Will there be a difference between the two for car ins , anyone know?

teddysmum

I imagine that a housewife could be a teenager, whereas a retired person is more than likely over 50.


However, the insurer would have the applicant's age anyway, so will have appropriate categories in which to place a 19 year-old housewife (while most of this age work), 45 year-old retiree (when most have not retired at this age) or even a 70year-old who continues to work.

System

It is of course possible to be both.

ninetyfables

If you claim a pension you are retired. If you claim no pension and receive no unemployment benefit, stay at home, and are married (although some insurers may overlook the last one) then you are a housewife. If you claim unemployment benefit you are unemployed.

MadisonWelch

I don't know about you, but to me the hardest part of being housewife are the domestic cleaning chores. I would do anything to get back to work and have someone doing all the house work for me.

Archergirl

Well, just phoned to renew and the girl said they are they are the same, so I asked how a 25yr old with 3 kids and a couple of dogs in the back is the same risk as a 63 yr old (no grand kids and no dogs) she ran it through as retired and it went UP by £98....but that was as a new policy. She said best to leave it,although she has changed it on the renewal to retired(which was what I wanted in the first place......)

teddysmum

Archergirl wrote: »

Well, just phoned to renew and the girl said they are they are the same, so I asked how a 25yr old with 3 kids and a couple of dogs in the back is the same risk as a 63 yr old (no grand kids and no dogs) she ran it through as retired and it went UP by £98....but that was as a new policy. She said best to leave it,although she has changed it on the renewal to retired(which was what I wanted in the first place......)

Policy does vary greatly from company to company, so it looks as though you will need to shop round come renewal.


We found Saga to be the cheapest by far for one of our cars (mark1 Fiat Punto), even with an increase because of a no fault accident, yet they refused to insure our mark 3 Punto Sporting. (Don't know why, as they insured my sister's Mazda sports car).


I thought younger 'old' people (ie in their sixties) were lower risk.

Takedap

Archergirl wrote: »

Well, just phoned to renew and the girl said they are they are the same, so I asked how a 25yr old with 3 kids and a couple of dogs in the back is the same risk as a 63 yr old (no grand kids and no dogs) she ran it through as retired and it went UP by £98....but that was as a new policy. She said best to leave it,although she has changed it on the renewal to retired(which was what I wanted in the first place......)

I've just had a similar experience. Took VR & went from being a shift worker to unemployed/retired & the cost went up by over £30 just on the change of occupation. I pointed out that I had previously been travelling back & forth at all times & in all weathers. Now, if it is raining/snowing/thick fog, I'd probably just stay at home. But it made no difference, they still want more cash!!

System

teddysmum wrote: »

Policy does vary greatly from company to company, .

True.
I have been employed, company director and retired (as in receiving state pension) all at the same time. When I gave up employment, I asked Privilege what they wanted me to put as my occupation. They said it didn't make any difference - I had been down as company director regardless of anything else, so could continue as that if I wished.
They pointed out that was more beneficial to me, because it would automatically give cover when driving occasionally into work, whereas "retired" would not.