Householders who are made redundant could be hit with a further blow of increased home insurance premiums, new research has found.A study by Confused.com found homeowners could face higher insurance premiums if they are unemployed.The price comparison site said this is because insurance firms factor in the likelihood of customers defaulting on payments when they [...]

More: Insurers exploit unemployed with higher premiums

Thats crazy I thought it would be cheaper as you are less likely to be burgled as most burglary's happen during the day when most people are at work!

This is the sort of craziness that the FSA/ABI should look at, penalising people that can ill afford it with bizarre reasons that just can't be justified? It is just making money out of those that can't afford it. Another example of this is that unfortunately my husband was made redundant and is currently out of work, car insurance came up for renewal and because of change of circumstances he honestly told them he was unemployed the yearly premium went up by £50.00!