Your Car Insurance Premium Is Not Only About Your Car
- Author Stephanie Andrew
- Published September 27, 2010
- Word count 644
What title do you ascribe to your job?. Are you a dustman or an
environmental hygiene technician?. A shop assistant (executive retail
consultant)? Are you a van driver or a logistics solutions provider? One can
only laugh at the recent reclassification of so many job titles. But
describing your occupation could save or lose you money when it comes to car
insurance.
People working in the licensed trade, members of the armed forces and
journalists are considered risky but less so than actors, TV presenters and
sports professionals. These people would find themselves receiving much
higher quotes than the average. Highly paid footballers and entertainers
will, naturally, drive expensive cars.
It's not generally known that car insurance premiums can vary according to
the job done by the applicant. If you travel to work each day in your car,
the insurers are likely to regard your occupation as a safe one. If a job
entails having a safe place in which to park your car, this will lead the
insurers to consider your job a safe one too.
Insurance companies will want to know everything they can about you; if you
are a smoker or drinker, married or single. Often a health check-up may
indicate that you are healthier than others in your age or occupation
bracket, so you could save money that way.
Another important factor determining the cost of some insurance products is
your postcode. It could be that a Bentley-driving person whose job,
lifestyle and place of residence are totally different from yours pays less
than you, a Fiesta driver.
Insurance companies also publish a list of high-risk, high-crime areas
around the country. Your postcode not only affects insurance but the price
you pay for a car warranty as
well. Bizarrely, some towns in the UK have areas in the 'A', low-risk
category as well as 'F', high-risk areas, but the majority are centred
around the B, C or D mid-risk range.
Some occupations with high and low risks, as far as insurers are concerned,
are surprising. Computer engineers and retail managers are near the top of
the list, accompanied by doctors and chefs, working long hours in stressful
jobs. Also among the top ten are, according to research by Churchill, estate
agents, students and social workers. At the other end of the scale, the
safest risks include farmers, green keepers and, reassuringly, pilots and
ambulance drivers.
Whether or not you can park your car in a garage or off-street will also be
taken into consideration. Young or new drivers will understandably pay more,
not only for car insurance but warranties and gap insurance as well.
Car insurance is usually more expensive for men than for women. People will
always argue about the contention that this suggests women are better
drivers. It's true that men and women are responsible for an equal number of
accidents, but women's accidents are generally less serious. Men pay higher
premiums because they are responsible for 85% of serious accidents.
In the world of publishing, premiums vary for different job descriptions.
Moneysavingexpert.com has a job description tweaking tool. In the world of
publishing, when someone describing themselves as a journalist pays £400 per
year, a reporter would pay £396 while a proof-reader would get away with
only paying £356. A journalist could legitimately describe himself as a
proof-reader as it's a necessary part of his job.
By calling yourself a shop manager instead of a shop assistant you would pay
less than the £500 the shop assistant would be charged. Drivers of coaches,
minibuses and buses are charged less than someone described as a van driver.
It is worth thinking carefully about aspects of your job and which best
describes you for insurance purposes. Don't risk invalidating your policy by
being less than honest, but equally don't deny yourself the chance of
reducing your premium by using the moneysavingexpert.com site.
When buying any vehicle, it's wise to consider the effects of
depreciation. Buying additional insurance products from online companies
such as Future 45 Ltd. can help UK motorists save money on their gap insurance, for example, by
buying direct from the insurer.
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