Why might I have to pay a higher premium for the same insurance cover than someone else of the same age etc?

Because the Insurance Company decides you represent a higher risk.

If the Insurance Company regards you as an above average risk you’ll have to pay a higher premium.

This is known as having a rated policy. To put this process in context, we understand that only around 12% of cases insured through the Internet are “rated”. The remaining 88% of applicants pay exactly the same as they were quoted online.

Please note : The information contained within the FAQ section has been written by Mortgage Protected Online

Related questions:

Will my medical history affect the premium?

Does it cost more if I’m smoker?

How does the Insurance Company calculate my premium?

Is the price I’m quoted the price I pay?

Will my premiums increase over time?

-- Please Note --
The URL for this web site is owned by Ecommerce Technologies Ltd, Sucursal em Portugal. Andromeda Webs Ltd under agreement with Ecommerce Technologies Ltd, uses, runs, manages, operates, designs, and produces copy and displays information on this web site.
In respect of Life, Critical Illness Insurance and Family Income Benefit Insurance, Andromeda Webs Ltd, is an Introducer Appointed Representative of MoneyNet (UK) Ltd. MoneyNet (UK) Ltd is authorised and regulated by the Financial Services Authority for insurance mediation.
In respect of Mortgage Payment Protection Insurance and Home and Contents Insurance, Andromeda Webs Ltd, is an Appointed Representative of Web Publishing House Ltd. Web Publishing House Ltd is authorised and regulated by the Financial Services Authority for insurance mediation.