We all know that insuring our vehicle is a legal requirement. Even if your car is off the road for some time it is required to be insured or a SORN document submitted to the vehicle licensing centre. That’s right even if you keep the car in your private garage only accessible along your drive. If a person is still able to see it from a public space for example, if you leave the garage doors open one day it is required to be both taxed and insured.
So what we can do to save money on the car insurance?
The first thing we do is visit all the car insurance comparison sites as well as those who are not on those websites like Direct Line, Aviva and Zurich. (You did know didn’t you that each of the car insurance comparison websites could quote you different prices for the same insurance cover? It is worth checking all of them!)
But that should be the second thing to consider. Before that think about your job title.
The car insurance company will base their prices on risk assessment and your occupation plays a major part in that assessment.
Just as an example if you put down your occupation as an “office worker” you may have been quoted £200 a year. Let’s leave everything the same and and change only your occupation and go back to those same comparison sites we were going to look at..
|Inland Revenue Officer||£168.20|
|Local Government Officer||£187.00|
The quotes were all taken from a website for the same insurance company.
Did you notice there is a £3.40 difference between a normal “civil servant” and an “Inland Revenue Officer civil servant”.
What is the main difference between those two? The inland revenue people know how to squeeze blood out of a stone but still pay more for their car insurance premium. Is this revenge being taken on them by the insurance company actuary?
To prove it is not just a fluke. Lets look at a nurse currently paying £200 a year. If he/she described her job a little differently these figures below would be the premium charged.
|Carer – Professional||£192.30|
According to car insurance companies, the safest driver on the above list is a care assistant but if you describe yourself as a professional carer you could be paying £9.30 a year extra for doing the same job.
Car Insurance And Unemployed People
Incidentally, if you are unemployed you can save money by putting down your normal occupation or thinking differently about what you actually do. I have even studied reports that show unemployed people in some cases could end up paying over twice as much as when they are working. Presumably, because they are not working they may be out on the road more often so more likely to be involved in an accident.
|Housewife or Househusband||£200.00|
I could class myself as retired or unemployed or a househusband because I have not stopped work I still work around the house doing my own cleaning etc. But because I have a part-time job I use that and save myself just over £30 a year. That saving goes a long way towards the cost of my regular car service.
NOTE: If your normal premium is far higher than £200 a year the proportional percent differences between jobs will be far bigger as well.
The differences in car insurance premium between job titles can be large. However, NEVER give a false occupation when completing the quotation form. If your name is Lewis Hamilton and working as a car racing driver don’t state you are a mystery shopper for Tesco. Doing so can both invalidate your car insurance and put you in front of the judge to decide on your future.
It is possible to save money by a little tweak of your job title. But take care you are still being truthful at all times. If you have an accident and submit a claim with a totally different occupation on it they WILL investigate. As we saw above if you are working in a civil service office you can describe yourself as a civil servant rather than an office worker and save yourself £35 but be honest don’t describe yourself as a civil servant unless you actually are.
Remember it is a criminal offence to drive without valid car insurance.