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Car insurance renewal 300% difference in quotes.

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jon2012
jon2012 Posts: 17 Forumite
edited 29 July 2018 at 11:24AM in Insurance & life assurance
My 18 year old son will have 1 years no claims next month on his 1.25 fiesta.
He will not know until he receives his A level results next month if he will carry on being a student or go into full time employment with a job offer he has received.
The insurance quotes for a student with many insurance companies including Admiral are coming out around the £800 mark.
If he goes into full time employment and enters a job title the insurance shoots up to around £2400.
I though student car insurance was more expensive but these quotes contradict this and a 300% increase is ridiculous.
Has anyone else has this issue and found a legal way around it or have an explanation for the premium difference.

Thanks in advance.

Comments

  • keith1950
    keith1950 Posts: 2,597 Forumite
    1,000 Posts Combo Breaker
    I hope when you did these dummy quotes you did so anonymously?.
    If insurers think you are playing around with "occupation" it will eventually be flagged up as fraudulent.
  • Quentin
    Quentin Posts: 40,405 Forumite
    Different occupations affect premiums differently


    See the MSE job picker tool to see if changing the title will reduce the premium:https://www.moneysavingexpert.com/insurance/car-insurance-job-picker/


    (As advised, use dummy details when playing with quotes!)
  • dunstonh
    dunstonh Posts: 119,646 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Some of those changes could be down to the anti-fraud measures kicking in. Many providers have software that increases the pricing (often significantly) where people change key data on high-risk areas of fraud. Such as occupation.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • daveyjp
    daveyjp Posts: 13,533 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    The premium difference is because students must have fewer claims than those in whatever occupation you chose.
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