Ever wondered how your job affects your car insurance premiums? Well now the top 15 most expensive professions have been revealed.
A comparison website took a profile of a 32-year-old male driving a Ford Mondeo LX living in London with the maximum no-claims bonus and investigated how the premiums he was quoted changed based on his profession. The results were staggering.
What a difference a job makes
The research found that premiums can differ by as much as £850 simply by switching job.
For example, if the driver was a footballer, he would be quoted £1,348 for annual cover. However, if the same driver was a secretary he would only have to pay out £501 a year – that’s a difference of £847.
The top 15 most expensive professions for car insurance were revealed to be: footballer; comedian; stunt man; fortune teller; circus employee; minicab driver; journalist on the National Press; builder; firewood merchant; cleaner; bee keeper; mechanic; driving instructor; bin man; and telephone sales.
By contrast, the top 15 cheapest professions for car insurance according to the study are: secretary; police officer; computer consultant; paramedic; bank manager; doctor; lawyer; teacher; fireman; nun; geographer; naturalist; office worker; chauffeur; underwriter.
Why are there such differing premiums?
Insurers take into account all aspects of a customer’s lifestyle when considering premiums. A profession can say a lot about a person and also about the way they drive.
Footballers appear to be tagged with the ‘boy racer’ image. As they are generally well-paid they often drive high performance cars which are more powerful and can be driven at faster speeds. Comedians tend to be on the road a lot, travelling from town to town – as do circus employees and fortune tellers. Minicab drivers and driving instructors clearly have professions that require them to be on the road regularly.
Obviously, the more time spent on the road the more likely you are to be involved in an accident.
How to cut premiums whatever your job
It’s unlikely you’ll want to change your job to save money on your premiums – but there are steps you can take to slash your costs.
Look at how you describe your job. For example if you work for the National Press you naturally give an insurer the impression that you are travelling at fast speeds trying to catch the latest story. However, in reality you may be an editor who simply commutes to and from work twice a day. So think about your job description and how it affects your costs.
Also make sure you’re getting a good deal on your car insurance to begin with. Use a comparison website to find cheap car insurance.
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