If you’re a vehicle owner, there’s a little-known trick that could potentially save you money on car insurance. According to the Office for National Statistics, the average 18-year-old pays £2,342 per year for car insurance, with costs having risen by over 81% in the last decade.
Show Plates World has uncovered a legal loophole that could help drivers significantly reduce their yearly car insurance premiums. Many drivers focus on factors like age, location, and car make and model when shopping for insurance, but how they describe their occupation can also have a significant impact on costs.
Insurers use vast databases to assess risk, with profession playing a crucial role. Certain jobs, such as delivery drivers, journalists, or chefs, are linked to higher claim rates and, therefore, higher premiums. On the other hand, occupations perceived as lower risk, like administrators or HR assistants, often come with more affordable insurance rates.
Online insurance comparison platforms offer dropdown menus listing various professions. By selecting a job title that is considered less risky by insurers, drivers may see substantial savings on their insurance premiums. It’s important to be truthful about your occupation, as misrepresenting it could void your insurance policy.
Choosing the most accurate job title that aligns with your duties and is cost-effective is legitimate and can help you save money on car insurance. Drivers can explore this option for free on many insurance comparison websites.