If people live near where there’s a lot of car crime or own expensivecars, well they pay more. It makes sense.
There are lengths people don’t know that insurers have gone on just to get that accurate premium, such as working out that surgeons normally have more accidents than other professions or that Virgoes were the worst for accidents last year compared to Pisces who had more convictions.
If you describe yourself as a “chef” when filling in your car insurance application your average quote is higher than if you write “kitchen staff” comparisonsite GoCompare.com found – and it’s not just cooks that have this problem.
This recurs basically if your job fits more than one category – for example, “Music teachers” pay more than “teachers”, “office managers” pay more than “office administrators”, and “construction workers” pay more than “builders” who – in turn – pay more than “bricklayers”.
On the flipside, describing yourself as a parent, housewife, house-husband or retired instead of being unemployed will reduce your premium.
While it’s worth experimenting to see what different job titles affect your premium, make sure to not lie about your job i.e. don’t say you’re a butcher if you’re a baker. That is illegal and could get you prosecuted for fraud.
2. Add another more experienced driver to the policy
It’s a crime to say someone who isn’t the main driver of a car is but it’s perfectly legal to add in a secondary driver to your cover and can easily save you money.
It appears that most insurers “exploit the panic” of drivers who buy at the last minute, usually when their existing cover is close to expiration.
By contrast, the best time to buy cover would be three weeks before existing policies expire, as insurers were more likely to compete on price, given thatdrivers would have found more time to shop around.
4. Get some cash back
Comparison sites make money by getting a referral fee from insurers when they convince consumers top switch products with them.
If you look around though, you can get some of that money yourself.