How does your job title affect your car insurance?
Insurers keep a record of past claims made by each job title or occupation, so they can see which tend to be the most risky and thus more likely to claim. So if you’re in a role with high car insurance costs, it’s likely your colleagues across your industry are to blame.
Do you have to tell your car insurance if you change jobs?
Do you have to tell your insurer if you change jobs? Yes, you need to let your insurer know if your occupation changes. As with any other risk factor, such as where you live or the type of car you drive, your profession can affect the cost of your car insurance. If you don’t inform your insurer, you could invalidate your cover.
How long does it take to get auto insurance for a new car?
The deadline for informing your insurer about the new car varies by insurer, but is typically 14 to 30 days. Here’s more about extending coverage to new cars. Don’t bet on having automatic coverage, either; some car insurance companies don’t give you any.
What happens if you renew your car insurance at last minute?
The results were as follows: As well as your job title, the time you renew your insurance can also have a huge impact on how much it ends up costing. According to money saving expert Martin Lewis, if you renew your car insurance at the last minute it could end up costing you hundreds of pounds.
How does your job affect your car insurance?
People with car-related careers also tend to pay more, with car salesmen, mechanics, car valeters and car body repairers all featuring in the top 10 most expensive occupations. Insurers judge people in these professions to be riskier drivers and price their premiums accordingly. Can I change my job title to make my insurance cheaper?
Do you need to tell your insurance if you change your occupation?
Yes, you need to let your insurer know if your occupation changes. As with any other risk factor, such as where you live or the type of car you drive, your profession can affect the cost of your car insurance. If you don’t inform your insurer, you could invalidate your cover.
What kind of job can raise your car insurance premium?
Top 10 occupations that can hike your car insurance premium. The jobs most likely to increase your premium revealed some unexpectedly high risk, higher cost professions. Fruit and vegetable pickers. Waiters.
Do you pay more for car insurance if you are out of work?
If you’re unemployed you may pay more for your car insurance. BBC research found that car insurance premiums averaged 30% more for out of work drivers, but costs could be as much as 63% higher.