Job Titles and Car Insurance
Discussion
I've been doing the annual shop around for my main car insurance. I've often wondered which job categories are the cheapest to insure. Obviously, professional footballer or entertainer is going to be more than a driving examiner (or so I would imagine).
Is there a definitive list of occupations and their respective weightings? And what are other people's "creative" use of job titles?
SD.
Is there a definitive list of occupations and their respective weightings? And what are other people's "creative" use of job titles?
SD.
There is no definitive list as all insurance companies apply their own weighting...
However, there is a basic logic - think about the job and ask whether it is likely to lead to a higher risk - so salesman is perhaps more likely to travel than accounts clerk... a musician is more likely to give a lift to a professional violinist who maybe expensive to pay out on if you crash...
generally speaking the more mundane and boring the sound of the job title, probably the better the weighting on the premium
However, there is a basic logic - think about the job and ask whether it is likely to lead to a higher risk - so salesman is perhaps more likely to travel than accounts clerk... a musician is more likely to give a lift to a professional violinist who maybe expensive to pay out on if you crash...
generally speaking the more mundane and boring the sound of the job title, probably the better the weighting on the premium
MSE have a checker tool thing if you want to have a little look.
https://www.moneysavingexpert.com/insurance/car-in...
https://www.moneysavingexpert.com/insurance/car-in...
shed driver said:
I've been doing the annual shop around for my main car insurance. I've often wondered which job categories are the cheapest to insure. Obviously, professional footballer or entertainer is going to be more than a driving examiner (or so I would imagine).
Is there a definitive list of occupations and their respective weightings? And what are other people's "creative" use of job titles?
SD.
The most "creative" job title I've come across was Katie Price calling herself an author.Is there a definitive list of occupations and their respective weightings? And what are other people's "creative" use of job titles?
SD.
Tigerj said:
MSE have a checker tool thing if you want to have a little look.
https://www.moneysavingexpert.com/insurance/car-in...
That's quite surprising - apparently I could save 10% if I'm a "computer programmer" not a "software engineer".https://www.moneysavingexpert.com/insurance/car-in...
ADJimbo said:
I own and run a number of companies connected with the Funeral Trade.
If I put my occupation down as Funeral Director (which I am) opposed to Managing Director there is circa 20% reduction in both my personal motor insurance and home / contents policy for some reason.
Because you drive at 5 mph with a chap walking in front of the car...If I put my occupation down as Funeral Director (which I am) opposed to Managing Director there is circa 20% reduction in both my personal motor insurance and home / contents policy for some reason.
Lo-Fi said:
ADJimbo said:
I own and run a number of companies connected with the Funeral Trade.
If I put my occupation down as Funeral Director (which I am) opposed to Managing Director there is circa 20% reduction in both my personal motor insurance and home / contents policy for some reason.
Because you drive at 5 mph with a chap walking in front of the car...If I put my occupation down as Funeral Director (which I am) opposed to Managing Director there is circa 20% reduction in both my personal motor insurance and home / contents policy for some reason.
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