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They asked me if any driver on the policy is currently "employed, retired, or a student".
LOL! Obviously, everyone is one of those three things, so it is pointless to ask that question.
For fun, I played around with the quote and answered the question negatively. My quotes rate then went up $5 a month.
The only thing I can think of if you are not one of those three is if you are a stay-at-home mom/dad, housewife/househusband, unemployed, disabled, independently wealthy, on welfare, or a loafer. Regardless, why would being any of those cause a rate increase?????
They asked me if any driver on the policy is currently "employed, retired, or a student".
LOL! Obviously, everyone is one of those three things, so it is pointless to ask that question.
For fun, I played around with the quote and answered the question negatively. My quotes rate then went up $5 a month.
The only thing I can think of if you are not one of those three is if you are a stay-at-home mom/dad, housewife/househusband, unemployed, disabled, independently wealthy, on welfare, or a loafer. Regardless, why would being any of those cause a rate increase?????
You contradict yourself. First you say, "Obviously, everyone is one of those three things..." then come up with examples of several categories of people that would NOT be one of those 3 things.
You contradict yourself. First you say, "Obviously, everyone is one of those three things..." then come up with examples of several categories of people that would NOT be one of those 3 things.
Yep. I was just going through my initial thought process when I first saw the info. I should have corrected that before posting. I meant to say the overwhelming majority of people are in one of those three categories. But why would at stay-at-home parent be charged more though, or someone who is independently wealthy and does not work? That is my question.
But why would you charge the unemployed a higher premium? Are they more risky from an underwriting perspective? Same risk as a stay-at-home parent? Both pay the $5 a month premium increase.
It’s basically asking if anyone in the household has income. If not, yes far more likely to make a claim for that shopping cart ding.
Thank you for that explanation. But people who are disabled have an income, as do people on welfare and the unemployed. And for the independently wealthy who do not work, it doesn't matter. This is why people hate insurance companies...for stereotyping.
All statistics. Just like at first it may not seem like credit score is relevant, but it is an accurate predictor of likelihood of a claim. If you’ve got a better way for them to price premiums I’m sure they would take suggestions.
Believe it or not,there are people that aren't retired,a student or employed.
He's called my nephew.And yes,he is on a policy as well has a drivers license. Why do I even post. I must be bored .
Don't shoot the messenger, but they ask these questions because they give discounts if you are in the military or retired military and a discount if you are a college graduate. The reason they want to know if you are unemployed is because a SAHM's actually do drive around a lot. They are typically driving to and from school, kids practice, grocery store, etc. Unemployed in their eyes shows not responsible.
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