What Job Titles Lower Car Insurance
They help insurance companies decide how much to charge for various types of coverage.
What job titles lower car insurance. Insurers use what s called actuarial risk tables which show the different risks each group of people tends to have they ve built this up based on years worth of data. You need to pick one from the list that matches what you do. Actuaries use analysis to predict the risk that an event will occur. When it comes to car insurance tweaking your job title can be a quick win eg a sales assistant often pays less.
New research reveals the most expensive and cheapest job titles for car insurance. Of the insurance jobs listed here actuaries make one of the highest salaries with a median income of 102 880 a year. While for some jobs your choice is limited there are also some that are niche overly specific or downright odd. How you describe what you do how you do your job especially if you drive regularly for your company or carry expensive equipment and stock in your vehicle can.
The weirdest job titles on car insurance quotes. If you work as a chef you could also be a caterer. Here are some which will make you scratch your head. There s usually more than one accurate option.
Picking the best job title to get cheaper car insurance. 5 jobs that mean lower car insurance and 4 professions that mean the opposite. The that s not a real job job titles. The average car insurance premium for a nurse is just 255 according to the data.
How do job titles affect car insurance policies. 4 hidden factors that help determine your auto insurance premiums. Tweaking your job title for cheaper insurance. It s good news for mechanics but bad news for professional drivers.
The cost of your car insurance is a result of many factors including your age the car you drive where you live and your occupation. For example you might find that a proof reader is a lower risk than an editor. Moneysupermarket say that nurses tend to be female which is reflected in the lower premiums they pay. With the average annual cost of an auto insurance policy pushing 900 we all need any help we can get to lower that premium.
What you do for a living is an important consideration for insurance providers when calculating the price of your car insurance.
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