Job titles 'alter insurance premiums'
Published On 27 June 2007
New research suggests that job titles could dramatically alter the car insurance premium that someone from the UK has to pay.Data gathered by confused.com shows that different job titles for the same work can alter the cost of car insurance by up to 33 per cent.
For example, a reporter who calls themselves a 'journalist/correspondent' would pay £282.45 to insure Fiat Brava. However, if they described themselves as a 'newspaper reporter' then their premium would increase by 33 per cent to £376.22.
Similarly, a builder could save 17 per cent on their premiums by saying they were a bricklayer and a landlord could save £82.22 simply by becoming a publican.
"Insurance premiums are influenced by a host of factors ranging from the number of miles you drive per year through to your job title," explained Debra Williams, the managing director of the insurance site.
"Adjusting the way you describe your job can have a surprising impact on premiums.
"The reason for this lies in the fact that insurers essentially keep a record of claims history against specific job titles."
However, the company urged people not to lie outright about their job, as this - or any other untruth - could invalidate an insurance policy.
