CC Insurance - penalised for retiring
I recieved a renewal quote from C C insurance and rang up to advise that we no longer needed cover for commuting to place of work as we had retired. Astounded to be told that instead of a decrease in premium we would have to pay 12.5% more for being retired.
Despite using C C insurance for some years we checked for other companies.
Needless to say we saved a lot of money for exactly the same cover, £103 pounds, to be honest..
Beware any outfit that takes advantage of older people!! The fact it is the Caravan Club makes it worse. Member for almost 30 years, would not have believed it till now.
Disgusted!
Comments
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Well, they probably think you will now be on the road much more with all your new found free time!!
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Skoda insurance is the same, told them I will not be using car to and from work and also for business use (claimed milage allowance) went up £30.00!
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68 years on the clock not exactly early retirment. Running our own business meant a commute of 300/400 miles per week!
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Moral is: ALWAYS shop around. Loyalty counts for nothing (as you have found).
(Sadly I couldn't save £103 on car insurance .... I don't pay that much to start with.
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Hi , Just had phone call from Caravan Club! Nice chat but the reason is I had the silly idea that retirement would be less stressful than running our own business, traveling 300/400 miles a week in a variety of cars and trains, wrong!
Apparently they do not penalise retirees, just jack up the price when you do.
So I saved £103 pounds this year alone and they lost the business, result for me I think.
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Well, they probably think you will now be on the road much more with all your new found free time!!
When I retired 5 years since I thought I would play more golf than when I worked but that's not the case.
What the CC is doing is blatant age discrimination so they don't deserve the business!
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My insurance went up when I said I'd been on a speed awareness course. Surely having been made aware of the problems of speed my insurance should have reduced!
I wouldn't have told them
I never did MM
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The club insurance is a brokerage and does not set the premiums, the insurers do but if the insurer is not competitive then they should move the business.
I am afraid though age will vount against you. Statistically once over 60 the risk in reases as older drivers have more accidents than those in the 30 to 50 age group. I did read recently that in fact they are now starting to overtake young drivers for claims
costs so I am afraid higher premiums are going to happen as you get older but different companies might increase the premiums at different ages according to how their statistics stack up.0 -
Wildwood,
I have not heard before, any suggestion that drivers in the 60-80 bracket have more accidents than younger drivers. Drivers older than 80 perhaps, but even then it is much more dependant on their general health and their level of situational awareness.
If indeed the CC Insurance is penalising older members, then I will most definately look elsewhere when my caravan Insurance next comes up for renewal.
TF
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Frankly I believe that it is rubbish! The problem here is that very few "Consultants" actually reveal who is paying for their research!
I actually believe that by law all consultants should be forced to reveal who exactly paid for their research/ report at the time of its publication!
And I say that because for twelve years I was one of the so called specialists in my area of research. Indeed it was my insistance that I disagreed with the policy and approach of my paymasters that brought about my enforced 'retirement".
TF
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All insurance is based on actuarial data wether that's car, life home etc. I can't say if you are retired or over a certain age you are more or less likely to have a prang however we all know as we get older we are not as sharp as we once were and perhaps
we are more likely to be in an accident. This seems to be based on the fact the OP has retired so more likely to be using the van more which means there is more chance of being involved in an accident. Unfortunately unlike motorhomes it's impossible to measure
the actual use (mileage) so I guess insurer's load the premium to cover costs. Not saying it's right but for them if they insure you they have to weigh the risk versus cost.0 -
When I retired mine stayed the same, although they would give no discount for removing the use in conjunction with ones work add on, which is still there. So in effect it went up. However, now when it goes up, how do I differentiate between what they are
adding on for my increasing age and what is just inflation and general increases due to market forces. I know I can compare prices, and I do to an extent. ( not the go compare type sites as they want to many details up front ) I assume the only way to be sure
is generate some quotes with fictitious birth dates.0 -
All insurance is based on actuarial data wether that's car, life home etc. I can't say if you are retired or over a certain age you are more or less likely to have a prang however we all know as we get older we are not as sharp as we once were and perhaps
we are more likely to be in an accident. This seems to be based on the fact the OP has retired so more likely to be using the van more which means there is more chance of being involved in an accident. Unfortunately unlike motorhomes it's impossible to measure
the actual use (mileage) so I guess insurer's load the premium to cover costs. Not saying it's right but for them if they insure you they have to weigh the risk versus cost.OP was talking about car insurance!
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All insurance is based on actuarial data wether that's car, life home etc. I can't say if you are retired or over a certain age you are more or less likely to have a prang however we all know as we get older we are not as sharp as we once were and perhaps
we are more likely to be in an accident. This seems to be based on the fact the OP has retired so more likely to be using the van more which means there is more chance of being involved in an accident. Unfortunately unlike motorhomes it's impossible to measure
the actual use (mileage) so I guess insurer's load the premium to cover costs. Not saying it's right but for them if they insure you they have to weigh the risk versus cost.OP was talking about car insurance!
My car insurance was limited to 6,000 miles a year on tow car. When I increased it to 9,000 miles the cost was nearly £25 cheaper .................. go figure??
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OP was talking about car insurance!
My car insurance was limited to 6,000 miles a year on tow car. When I increased it to 9,000 miles the cost was nearly £25 cheaper .................. go figure??
As my wife refuses to tow or even to drive my large automatic car then I insure it for only me. However the insurer said I could make a saving by adding my wife. Now I am not making any assertions about her skills but do they really believe their risk is lower, as she never will drive it?
We insure in that way as a person we know lost her husband on holiday in France, and the recovery insurance refused to recove the unit as the wife was named as a driver on the car's insurance. In the event the family recovered her, the unit and the body. A dreadful experience the recovery insurance inflicted when least needed.
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....As my wife refuses to tow or even to drive my large automatic car then I insure it for only me. However the insurer said I could make a saving by adding my wife. Now I am not making any assertions about
her skills but do they really believe their risk is lower, as she never will drive it?We insure in that way as a person we know lost her husband on holiday in France, and the recovery insurance refused
to recove the unit as the wife was named as a driver on the car's insurance. In the event the family recovered her, the unit and the body. A dreadful
experience the recovery insurance inflicted when least needed.My SWMBO is also on my car's insurance (R CLass ... large auto 4x4) because it's cheaper to have a spouse on the policy. Re recovery. We've had this discussion before and Jean confirmed that Green Flag will still send a replacement driver even in the case
of AN Other driver WON'T drive the tow car rather than CAN'T0 -
A female friend of mine lives on her own as does her neighbour. They actually reduced their insurances by putting each other as a named driver. No idea why.
This is because the statistics do show this to be less risky but it is not going to work universally. If you have a young son or daughter starting out driving it pays to put you on as well if you have a good record even if you will never drive it.
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