Home insurance increase because retired

Gma8

I have today called insurance company to renew home insurance, 2nd year of 3 year fixed, my quote was £912.77 paid on dd, asked if anything changed and I said yes now retired quote changed to £1459. I asked why and was told didn’t know! I can’t believe the difference. I was a part time bookkeeper working from home.

MyRealNameToo

Gma8 said:

I have today called insurance company to renew home insurance, 2nd year of 3 year fixed, my quote was £912.77 paid on dd, asked if anything changed and I said yes now retired quote changed to £1459. I asked why and was told didn’t know! I can’t believe the difference. I was a part time bookkeeper working from home.

Probably two things...

1) You would have just been a book keeper, insurers dont ask if you WFH or not etc

2) Presumably as you have made a change you no longer get the fixed price and so the increase represents not only your change in occupation status but also the other changes that hadn't been applied whilst things were unchanged and the price fixed

Ultimately do quotes elsewhere and decide who's representing better value. Insurance is priced on statistics and the call centre agent won't be empowered or trained to integrate the database to validate how the claims experience differs between book keepers and retirees 

Robin9

Even £912.77 is  a WOW. As above do some online quotes

millie

Is this with Saga. I was on a fixed price for home insurance with them. This would have been year 2 and I decided to check other companies. They were much cheaper so I phoned Saga and by changing a couple of things on the policy which I did not need anyway It was cheaper. I cancelled the fixed deal which was £460 and took out another policy with them for £300. I wished I had got other quotes for the motor insurance which is also a 3 year fixed with them too but I just paid that in June. They did say at the start of the 3 year deal that if prices of insurance went down it the fixed price would too. I kept on reading about insurance prices going down thats what made me ceck it.

virgo17

Can a mod please move this thread to a more appropriate forum please?

MyRealNameToo

virgo17 said:

Can a mod please move this thread to a more appropriate forum please?

Hit the report post button... there is an option to select to get a thread moved

virgo17

MyRealNameToo said:

virgo17 said:

Can a mod please move this thread to a more appropriate forum please?

Hit the report post button... there is an option to select to get a thread moved

Had done that as well.