Rant: Why is Car Insurance so expensive and forms so intrusive these days?

1234mas430

My wife had to renew her insurance, in the last year we sold our house & are now renting. The premium went up by £6.06p, she also changed mileage as she is further from work etc so it was a bit more of a hike than just that. Whilst on the phone to the new insurers she asked why is their an increase in premium due to being a homeowner or a tenant?

She was told that its deemed that Homeowners are more responsible due to committing to buy a house & tenants are considered more of a risk...She replied how we had been homeowners not "Buyers" for the past 7 years prior to taking this temporary tenancy & did this apply to people as us who were not "home buyers" but owners who had paid off the mortgage?

Apparently there was a pregnant silence & a supervisor came on & after a similar conversation the insurance rate was dropped by £10.

My wife thanked them & told them to keep the £10 as she would rather be classed a someone Risky(read Risque ) as she found that quite flattering at her age ...

ps:wife did not like my comment...on naughty step...

GingerBob_3

1234mas430 wrote: »

On the question regarding homeownership.

My wife had to renew her insurance, in the last year we sold our house & are now renting. The premium went up by £6.06p, she also changed mileage as she is further from work etc so it was a bit more of a hike than just that. Whilst on the phone to the new insurers she asked why is their an increase in premium due to being a homeowner or a tenant?

She was told that its deemed that Homeowners are more responsible due to committing to buy a house & tenants are considered more of a risk...She replied how we had been homeowners not "Buyers" for the past 7 years prior to taking this temporary tenancy & did this apply to people as us who were not "home buyers" but owners who had paid off the mortgage?

Apparently there was a pregnant silence & a supervisor came on & after a similar conversation the insurance rate was dropped by £10.

My wife thanked them & told them to keep the £10 as she would rather be classed a someone Risky(read Risque :rotfl:) as she found that quite flattering at her age ...:T

They just make it up as they go along. Lies, dammed lies, and insurance statistics.

onomatopoeia99

1234mas430 wrote: »

On the question regarding homeownership.

My wife had to renew her insurance, in the last year we sold our house & are now renting. The premium went up by £6.06p, she also changed mileage as she is further from work etc so it was a bit more of a hike than just that. Whilst on the phone to the new insurers she asked why is their an increase in premium due to being a homeowner or a tenant?

She was told that its deemed that Homeowners are more responsible due to committing to buy a house & tenants are considered more of a risk...She replied how we had been homeowners not "Buyers" for the past 7 years prior to taking this temporary tenancy & did this apply to people as us who were not "home buyers" but owners who had paid off the mortgage?

Apparently there was a pregnant silence & a supervisor came on & after a similar conversation the insurance rate was dropped by £10.

My wife thanked them & told them to keep the £10 as she would rather be classed a someone Risky(read Risque :rotfl:) as she found that quite flattering at her age ...:T

You think the person in the call centre has access to all the actuarial data that goes into calculating a premium and the knowledge to answer questions about it accurately?

If they did, they wouldn't be working in a call centre

dannyrst

onomatopoeia99 wrote: »

You think the person in the call centre has access to all the actuarial data that goes into calculating a premium and the knowledge to answer questions about it accurately?

If they did, they wouldn't be working in a call centre

Maybe they're friends with someone with that access.

1234mas430

onomatopoeia99 wrote: »

You think the person in the call centre has access to all the actuarial data that goes into calculating a premium and the knowledge to answer questions about it accurately?

If they did, they wouldn't be working in a call centre

I think it would have been an entirely reasonable enquiry to an Insurance company..."Amazingly" the supervisor appeared to know...unless they were lying, after all, they are only "Call center Staff"...:(

Car_54

1234mas430 wrote: »

I think it would have been an entirely reasonable enquiry to an Insurance company..."Amazingly" the supervisor appeared to know...unless they were lying, after all, they are only "Call center Staff"...:(

It is indeed an entirely reasonable question.

However, it is also entirely reasonable for the insurance company not to answer. Their actuarial data and decisions are commercially sensitive.