I've been with Tesco Bank car insurance for a couple of years now and have always been happy with the price & service.
I've recently been made unemployed so asked how my premium would change to use my car for business use as a sole trader when I start my own business in the next couple of weeks. At first they told me it would reduce my premium by £13 due to significantly reduced annual mileage (previously 30K per year). Great I thought!
Then they asked when I changed occupation to being self employed. So I explained that I was currently unemployed and will be starting self employment in the next couple of weeks. "Ah well ", said Tesco, "if you are currently unemployed, we'll have to charge you an additional £99 premium for the remainder of your cover". What!!!!! So it seems that my change in circumstances from travelling 30000 miles a year all over the country, to having the car standing on the driveway at home pretty much all day every day is a far greater insurance risk!!
Can anyone please explain to me the logic - preferably someone from Tesco? The agent I spoke to certainly couldn't explain it; he just resorted to, "well that's what it's come back as."
Whatever happens in future, there is no way on God's Earth, that Tesco will ever get any more business from me!!
Reviewed on: 6th September 2017
