Why is car insurance hiked up if your unemployed? (UK)?

[neiceywalker]

I was made compulsorily redundant on 31st Dec, my insurance is due today.

My renewal notice come through from ecar (who have been very good for last 3 years) saying £384, so I updated my details saying I was unemployed and its hiked up to £700+

I've gone on loads of other sights and they are in the region of £400-£600

Its unfair, I didn't choose to lose my job ||

Any suggestions on how to get it cheaper?

I've been on confused.com, moneysupermarket, gocompare, comparethe market, Tesco, churchill, morethan etc.
Would it make a much of a difference if I added someone else on the policy?

Note* I graduated from uni in 2001, got a job unrelated to my degree, worked for this company for almost 7 an half years. I don't know what career to go for now, and obviousily I want a new job, I have a mortgage on my own.

DAMN THE CREDIT CRUNCH and MONEY GRABBING INSURANCE COMPANIES

 

[Dennis B]

I used to work at an insurance brokers so here goes.....
Insurance companies work on statistics when calculating how much it will cost to insure you for the next 12 months...
EG New drive= high risk therefore high insurance cost
Insurance company's know you have MORE spare time on your hands and are therefore MORE likely to "swan about" in your car, Therefore this increases the chances of it being involved in an accident.
You COULD tell a fib, By saying you work in retail for example BUT please see the word BUT It will make the insurance policy null and void IF you have a claim (And believe me they WILL find out if you need to make a claim they check EVERYTHING before paying out, That is why it takes so long to sort out a claim ) ..The choice is up to you.

 

[woodwinman]

Because instead of your car being in the car park while you're at work, you will have more idle time to be driving about in it.... in addition, people are more prone to having a few adult beverages and them stepping behind the wheel while unemployed!