When it comes time to take out motor insurance, it may surprise you that one of the most important boxes you will be required to fill out is the one related to your occupation.
Indeed, carefully choosing how you describe your job could save you up to 25% in premium payments.
Claims record
Research by insurance comparison sites over the years has shown that insurers place almost as much emphasis on a driver’s job as they do on their claims record. GPs and other workers in the health industry are considered among the worst risks. This may be because of the high-stresslevels they suffer in their professions. Stress is also considered to be an issue in other sectors, such as education and social care.
On the other hand, those who work in the vehicle industry are considered among the least likely to attract high premiums. This will be of interest to those seeking motor trade insurance, which is widely available at sites such as Quote me today.
Premiums are still affected by claims records, and it may be that those in the vehicle industry have a better understanding of how the system works and are reluctant to make a claim unless it is essential.
Cheaper quote
How might you alleviate this problem when it comes to your job description? First, do not lie about your occupation. This is fraud and could lead to you facing prosecution, and it will certainly invalidate your insurance policy.
Although driving and claims records cannot be changed, your job can legitimately be described in several ways, affecting the premium you are likely to pay. For example, writing down journalist as your occupation will earn you a higher quote than if you described yourself as a writer or reporter.
Similarly, you might say you are a builder rather than a bricklayer and find that you receive a cheaper premium.
A studio photographer will find themselves paying less for motor insurance than someone describing themselves as a wedding photographer. This may have something to do with the fact that the job description suggests clients travel to you rather than the other way around.
There are lots of similar examples, so take some time to think about how best to describe your work.
