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Police officers pay the least for their car insurance premiums

Police members pay the least on their auto insurance premiums for their personal vehicles, new research finds.

Their annual car insurance costs average £ 489, according to data from Quotezone, a price comparison site.

The next lowest premiums, by occupation, are for ministers who pay an average of £ 547 a year.

The next are driving instructors, who pay a little more, £ 591.

Members of the police pay the least on their car insurance premiums for their vehicles

Members of the police pay the least on their car insurance premiums for their vehicles

The analysis is based on a sample of more than 800,000 auto insurance policies collected on the Quotezone website from across the UK in 2020.

Police officers were found to have the lowest premiums, which is likely due to insurers taking into account the temperament and maturity of these professions, their likelihood of adhering strictly to the law for professional reasons, and also their training in safer driving.

At the other end of the scale, hospitality workers had to pay some of the highest average insurance premiums.

Restaurant managers were found to have the highest average premiums at £ 968.

Meanwhile, restaurateurs didn’t lag far behind at £ 934 and bar staff were charged an average of £ 964.

Insurance companies use a wide variety of variables when calculating auto insurance premiums, including the policyholder’s occupation.

While many bar staff tend to be younger workers, and their relative youthfulness is likely to drive up the average premium, it’s also worth noting that the average premium for restaurateurs is much higher than the insurance costs for people in many other professions, despite the fact that restaurateurs are often significantly older are bar staff.

Another factor that can drive up insurance costs for people in the hospitality industry is the fact that many of them are more likely to drive at night than office workers and those in other professions.

Driving at night increases the risk of a traffic accident, which some insurers may allow their premiums to take into account.

Engineers and accountants were at the center of the table with annual costs of £ 665.21 and £ 672.38 respectively.

Quotezone founder Greg Wilson said, “Your occupation is just one of the variables used in an insurance company’s premium calculation, but it’s an important one.

It’s probably not surprising that police professionals and driving instructors take advantage of some of the cheapest auto insurance premiums when insuring their own vehicles, as people who teach or obey the rules of the road are more likely to comply. those rules and regulations themselves.

But whatever your profession, it’s clear that your job title can have a big impact on your auto insurance premium.

OccupationAverage car insurance premium in 2020 (£)
Law enforcement488.97
Ministers of Religion546.92
Driving instructor590.54
Financial Advisor689.59
Company director696.58
Agricultural engineer819.14
Tractor drivers832.19
Construction (excluding architects)853.02
General practitioner873.85
Bar managers928.36
Agricultural workers931.31
Restaurant owners934.19
Bar staff964.44
Restaurant manager967.87
Source: Quotezone.co.uk

Given the number of people who have recently changed jobs and the fact that many are thinking about doing this as we start a new year, it is worth emphasizing that policyholders are required to notify their auto insurance companies if there is any material policy details, such as job title.

Also, keep in mind that smaller changes in the way people work can sometimes affect premium as well.

‘If, for example, policyholders now work from home, park their car in a private driveway, do not use their car for business use or the home-work trip, this could possibly lead to a lower premium.’

East London drivers pay the highest premiums

Auto insurance premiums started to rise in late 2020, after four consecutive quarters of falls, a separate study found.

According to data from MoneySupermarket, the cost of an average full auto insurance policy in the last three months of 2020 was £ 490.

This was after a period where prices gradually fell throughout 2020, partly due to people driving less due to lockdown restrictions.

However, premiums were up 3.6 percent at the end of December, compared to £ 473 between July and September.

The study also analyzed how location can affect a driver’s premium price.

It turned out that drivers in East London pay the most in the UK, £ 955 a year, which is almost double the national average of £ 490.

It is also £ 265 more than the average premium paid by London drivers as a whole, which is £ 690.

Many of the most expensive locations for bounties were located in the capital, including Ilford and Barking, North West London, Southall and Uxbridge, North London and South East London.

On the other hand, licensees in Kirkwall in the Orkney Islands have the cheapest premiums in the country at just £ 269.

This is £ 686 cheaper than the one in East London, reflecting the much lower risk of accident and theft.


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