Professionals in the building and construction sectors are being lumbered with the highest car insurance premiums in the UK, according to new research by Quotezone.co.uk.
The data, which covers the full spectrum of trades and roles within both sectors, reveals that the average median car insurance premium comes in at £1,186.
Taxi drivers and workers in the hospitality industry and farming sector follow close behind, with medium insurance premiums of £1,150, £1,182 and £1,072 respectively.
By contrast, police and community support professionals in the UK are enjoying car insurance premiums that are less than half those quotes, with a median premium of £499. Driving instructors and examiners enjoy the second-cheapest car insurance premiums in the UK, with a median price of £615.
The findings are based on over 60,000 car insurance quotes across fifteen specific professions in the UK, which Quotezone compiled in August 2019. While each of the quotes the company analysed were for personal car insurance policies rather than commercial policies, a driver’s occupation can still have a significant affect on their premium.
Launched in 2005, Quotezone is one of the country’s leading car insurance comparison websites, in addition to helping users find better deals on insurance for vehicles as diverse as campervans, quads, ice cream vans, buses and coaches. It also compares quotes for motorbikes and vans, and in August the firm launched one of the UK’s first insurance comparison services for bicycle users.
Explaining why a driver’s occupation can effect their insurance premium even when they’re taking out a personal car insurance policy, Greg Wilson, founder of Quotezone, said: “Insurers use a wide range of variables when they’re calculating premiums, and your occupation is one of them.
“That’s because your occupation has the potential to say something about your risk appetite and your driving style, in much the same way as your age can do.
“In addition, insurance companies have built up a huge volume of data relating to which occupations are least likely or most likely to make an insurance claim, which can then be used to assess the risk of a new policyholder with a particular occupation making a claim.”
