Job titles are crucial to car insurance companies, as they assess how risky a proposition new clients are.
Small changes in the wording can make a big difference to the quotes that are offered.
A report by Rex who's convertible is his pride and joy, but he has two different job titles and they have very different effects on his premium.
So the same man, the same car and a saving of 40%. It's because insurance companies see people who work in the media and entertainment as risky. There's an idea that they're driving around trying to meet tight deadlines, are more likely to have famous passengers and to drink on the job. Insurance companies use facts about your work to decide how much to charge you. It's often common sense; plumbers are likely to drive a lot and have expensive tools in their cars so they pay high premiums. But teachers and office workers are seen as a safer bet.
But like Rex, you can tweak your job title whilst still telling the truth and save yourself some money.
If you are looking for new insurance, it's always worth checking how your job title can affect your policy and to make sure you're fully covered.
But the law on this is very clear: if you lie to insurers or give them false information it's fraud. If you've got any doubts at all, the best option is to check with the company.
Small changes in the wording can make a big difference to the quotes that are offered.
A report by Rex who's convertible is his pride and joy, but he has two different job titles and they have very different effects on his premium.
So the same man, the same car and a saving of 40%. It's because insurance companies see people who work in the media and entertainment as risky. There's an idea that they're driving around trying to meet tight deadlines, are more likely to have famous passengers and to drink on the job. Insurance companies use facts about your work to decide how much to charge you. It's often common sense; plumbers are likely to drive a lot and have expensive tools in their cars so they pay high premiums. But teachers and office workers are seen as a safer bet.
But like Rex, you can tweak your job title whilst still telling the truth and save yourself some money.
If you are looking for new insurance, it's always worth checking how your job title can affect your policy and to make sure you're fully covered.
But the law on this is very clear: if you lie to insurers or give them false information it's fraud. If you've got any doubts at all, the best option is to check with the company.
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