How your job affects your car insurance
You may be an accountant, a lorry driver or a reporter. Find out more about how your job can affect your car insurance.
Most people don’t really think about their job title when applying for car insurance. But what you do for a living and how you describe it to your provider can have you paying more for your policy.
How does my job affect my car insurance?
The cost of your insurance could be higher or lower depending on whether you travel regularly as part of your job or whether you carry equipment or stock in your vehicle. Certain jobs also carry with them certain assumptions. For example, athletes and entertainers are known to pay much more for car insurance as their jobs are considered to have a higher risk of injury and thus they are more likely to file a claim.
Nurses, on the other hand, pay some of the lowest premiums, as insurers consider them to be of lower risk and less likely to file an expensive claim.
Other high risk occupations include:
- Fruit and vegetable pickers
- Builder’s labourers
- Factory packers
- Car valets
- Security guards
- Construction workers
- Delivery couriers
What else is used to calculate my premium?
The amount you pay for your car insurance policy is a reflection of how likely an insurer thinks you are to make a claim, and how expensive that claim is likely to be.
Some of the main factors that’ll help determine how much you pay include:
- Your age
- The car you drive (its value, power, desirability)
- The security of your car
- How you use your car
- Your driving history and whether you have a no-claims bonus
- Your excess
- The type of cover you buy
How can I avoid invalidating my cover?
If you are changing jobs, it’s important that you inform your car insurance provider. Failing to do so may invalidate your insurance policy and, as a result, the provider may refuse to pay out in the event that you make a claim.
It’s also important to be aware that changing your job title could result in a higher or lower premium. You could also face a charge for amending the details of your policy. On average, insurers can charge between £20 and £50, depending on the insurer.
How to reduce costs
Essentially, your car insurance premium is based on how likely you are to make a claim. In order to reduce your premiums, buy a policy that is just enough to cover your needs.
Choosing your level of cover
There are three different types of car insurance to choose from. The more at-risk your occupation is for certain hazards, the more important it is to be covered for that hazard, but it will typically cost more.
- Comprehensive. This is the highest level of cover available and it’s the only policy that typically includes effective cover for weather damage. This means that it may be disproportionately more expensive, but it also may be more important if you travel to locations that are prone to extreme weather. Parking in a garage or under cover can help lower the cost of comprehensive cover.
- Third party with fire and theft. This is a liability policy with cover for fire and theft, unlike third party only policies. Occupations with a higher risk of car theft will attract higher prices. Car security systems, such as immobilisers, alarms or VIN etchings, can help you keep costs down.
- Third party only. This is the most affordable type of policy. This policy generally comes with little or no cover for damage to your own car. If you work in a high-risk industry, then this policy may be missing the type of cover you need.
There are many other factors which affect car insurance prices besides your job. It may be worth looking over your policy for other ways to cut down on your car insurance premiums. Once you’ve done that, getting even lower prices simply comes down to comparing policies side-by-side.
Read more on this topic
John Lewis Finance car insurance review Find out the key details about John Lewis Finance car insurance in our review and compare quotes to get the right deal for you and your car.
InsureLearnerDriver discount codes You can save on expensive car insurance using our InsureLearnerDriver discount codes and vouchers.
Voided and cancelled car insurance Read our guide to understand why honesty is always the best policy to avoid your car insurance being voided or cancelled.
How car modifications affect insurance Before you pimp your ride, find out which modifications are likely to increase your insurance premiums and which ones will see your car cover fall.
Tax free cars Thinking about buying a new car? Read our guide first as you may find a way to avoid paying road tax altogether and save on your car insurance.
Specialist car insurance Read our guide to discover all the different types of specialist car insurance and find out if you can save on your car cover.
By Miles car insurance review By Miles offers pay-as-you-go car insurance for those who only drive occasionally.
Why is car insurance so expensive? Find out how to cut the cost of your car insurance without cutting any cover.
Instant car insurance See how you can get immediate cover and compare instant car insurance quotes now.
Cheap car insurance for new drivers over 30 See how car insurance works if you're over 30, and ways you can save as a new driver.