Unemployed? Check your car insurance!!

Sandtree

frugalstephen said:
At last! Took a while, but got there in the end LOL

Not really but you have to remember you are on a site that too often promotes price above value

Grumpy_chap

Sandtree said:

Most 'insurers' will give 'DOC' cover to unemployed 'policyholders' however most insurers 'also' will load premiums for 'being' unemployed.

I thought that many insurance companies had now stopped including DOC cover in any case?

Also, I am just wondering whether "profession" is actually altered by change of employment status?  If someone is a lawyer, that is their profession.  An unemployed lawyer still has the same profession, but a change of employment status.

TELLIT01

I went from employed to retired, but that wasn't what reduced the cost.  It was my wife's change from data input clerk to administrator!  Work that one out!

davidmcn

Grumpy_chap said:

Sandtree said:

Most 'insurers' will give 'DOC' cover to unemployed 'policyholders' however most insurers 'also' will load premiums for 'being' unemployed.

Also, I am just wondering whether "profession" is actually altered by change of employment status?  If someone is a lawyer, that is their profession.  An unemployed lawyer still has the same profession, but a change of employment status.

I think you are generally asked whether or not you are employed.

TELLIT01

That's what I always see when looking at new insurers.  First asked employment status and then for type if relevant.

frugalstephen

Interesting to see the choice you have for employment status on the CompareNI web site. Maybe I should have stated, 'club' as I'm a member of the unemployment club LOL

Sandtree

frugalstephen said:

Interesting to see the choice you have for employment status on the CompareNI web site. Maybe I should have stated, 'club' as I'm a member of the unemployment club LOL

If your claiming benefits then "Government" or if you arent then "independent means"... aggregators are a bit of a pain because they need to cater for all the brokers and insurers that sit on their panel (or at least the big ones, little ones get what they're given) and so if a big name wants to differentiate between employee and government the aggregator adds it to the list and everyone else then has to decide what they will map "government" to when they do their quote... hence why you're always told to double check the details of the quote on the insurers/brokers site before buying.

Jfk1988

I really think DOC is overrated as a benefit anyway, when I wanted to drive a friends car last year for a couple of hours I arranged temporary insurance for about 5 quid.

Third party only insurance isn't worth the risk of damaging someone else's car, plus with so many vehicles on finance, is your mate/mum/colleague actually the owner who can give you permission? 

frugalstephen

Jfk1988 said:

Third party only insurance isn't worth the risk of damaging someone else's car, plus with so many vehicles on finance, is your mate/mum/colleague actually the owner who can give you permission? 

In my case, and I was the one that raised the issue, my mum's car is a 15 year old Toyota Yaris worth pretty much nothing. She can give me full permission to drive it. I would never dream of borrowing someone else car!

Sandtree

Jfk1988 said:

I really think DOC is overrated as a benefit anyway, when I wanted to drive a friends car last year for a couple of hours I arranged temporary insurance for about 5 quid.

Third party only insurance isn't worth the risk of damaging someone else's car, plus with so many vehicles on finance, is your mate/mum/colleague actually the owner who can give you permission? 

The problem with many insurers and brokers is that it would be £5 additional premium plus a £50 admin fee.

DOC on normal motor insurance is of limited value and certainly some insurers have either withdrawn it or changed wording to try and make it a real "for emergencies only" type thing (though nothing actually binding in there). On HNW Motor policies however DOC tends to give Comp cover and so a little more valuable.