Insurers will take many factors into account when calculating the cost of your car insurance. In this post we’ll explore car insurance occupation categories and discuss how the work you do might affect the price you pay.
How Does Your Job Affect Your Car Insurance?
Insurers view some jobs as riskier than others. Generally speaking, the more driving your job involves, then the more you might expect to pay for cover. Insurance is all about risk. When calculating the price of your policy, insurers are essentially trying to work out how likely it is that you’ll make a claim on your policy.
The more likely you’ll make a claim, the more likely the insurer will have to pay a settlement. So the higher your risk profile, the more you’ll have to pay for cover.
What Are Car Insurance Occupation Categories?
There is no single list of car insurance occupation categories. Each car insurance company may refer to their own list of occupations when calculating insurance premiums. As a general rule of thumb, you might expect to pay more for insurance if your job involves:
- High mileage. Not only does this increase the risk of an accident due to the increased time spent on the road, but it can also increase the wear and tear on your car.
- Driving through the night, during rush hour, or at other times when accidents may be more likely.
- Driving long distances, either for your commute, or for work purposes.
- Storing valuable goods in your vehicle, as this can make theft more likely.
- Making a large number of stops over the course of a day, such as a series of deliveries or professional calls. This may increase the wear and tear on your vehicle. But insurers may also consider you to be vulnerable to theft every time you stop.
Note: each insurer might have a different idea of the relative risks associated with each job.
Can I Save Money On Car Insurance If I Work in a High Risk Occupation?
First, you should always be open and honest with your insurer. Don’t be tempted to lie about your job so as to save money on the cost of cover. If your insurer ever finds out, it could:
- Invalidate any claims you make
- Lead to your insurer cancelling your policy
How Much Does Your Job Affect Car Insurance?
Bear in mind that your job is just one of many factors your insurer will use to calculate the cost of your cover. They will also consider your age, your driving history, the specific vehicle you’re driving, and more. So, while your occupation can affect your premiums, ultimately it may not matter as much as other factors.
Affordable Car Insurance From Go Girl
At Go Girl we specialise in driving down the cost of car insurance for careful drivers.
