Huge difference in car insurance premiums based on jobs
November 5, 2007 by admin
Filed under News, News-Insurance
A recent survey has shown that there is a huge difference in the amount of money drivers have to pay for their car insurance based on their job – even in cases where their jobs do not involve driving in many cases.
As part of the research thirteen insurance companies were used and quotes compared for 465 different professions. The results of the research showed that there was a difference of around £850 between the premiums paid by those in the highest bracket professions and the amount paid by those in the lowest bracket professions.
At the top of the league tables and paying the highest in terms of insurance premiums are footballers, who are charged an average of £1348 a year for fully comprehensive car insurance. Other professions in the top ten included comedians, who were charged the second highest premiums, stuntmen, circus employees, cab drivers, fortune tellers, builders, and national press journalists. Other professions made up the top fifteen highest paying policyholders, including bin men, driving instructors, mechanics, telephone salesmen, and bizarrely beekeepers.
Amongst those paying the lowest premiums on their car insurance cover were secretaries, who enjoyed the lowest premiums of all the professions included in the research, police officers, paramedics, doctors, lawyers, bank managers, teachers, firemen, and computer consultants. One insurance professional stated: “Insurers assess risk in many different ways — one of which is profession.”
However, she added that it was still important for people to compare quotes despite their profession, as many insurance companies also base premiums on their own claims experience of different professions.
The research was carried out by insurance price comparison website confused.com, and in order to get the different quotes the company used the character of a man aged 32, living in the London area, driving a Ford Mondeo, and enjoying maximum no claims bonus.
Tom Smith
5th November 2007
