Your occupation and your car insurance rates: why do some occupations pay more for car insurance?

Is it really true that some people can get a cheaper auto insurance rate simply based on their job? What is the relationship between your occupation and your auto insurance rates? Is it fair for auto insurance companies to charge higher premiums for people who work in certain “high risk” occupations? These are all important questions for everyone to ask, especially those who are working (which is most of us!), as many people don’t realize that your occupation is one of the factors many insurance companies use to determine your auto insurance rates.

The world of occupations is very wide. Occupations don’t just label who you are and what you do for a living, they now have a lot to do with how much you’ll pay in the insurance business. Life insurance is an important example of this type of occupational division. High-risk occupations, such as construction workers, miners, and some other professions where the person is at risk of being killed or injured, generate more expensive premiums compared to those where the person is sitting behind a desk all day. A lot of people don’t think this is the job of auto insurance, but it’s my job to let them know how wrong they are. There are certain occupations that get a lot of attention from auto insurance companies, while others really pose a high risk to auto insurance companies. Next, you’ll be able to see where your occupation falls and whether it’s working for you or against you when trying to get auto insurance.

Based on the 2006 occupancy report provided by comparemarket.com, the following are the 63 occupations, starting with the cheapest to get auto insurance and ending with the most expensive.

1 Scientist $870.20

2 Retired $917.63

3 Currently not working $934.10

4 Pilot/Navigator $965.94

5 Disabled $968.14

6 Actor/Performer/Artist $971.10

7 Librarian/Historian $1,008.86

8 Farmers $1,015.62

9 Students $1,028.96

10 Official Hearing $1,068.83

11 Design Services $1,070.87

12 Waiter/Bartender/Host $1,071.25

13 Engineer $1,087.56

14 Athlete $1,088.29

15 Housewife $1,091.73

16 Instructor/Coach/TA $1,098.86

17 Breeders/Groomers/Trainers $1,102.83

18 Clerk/Cashier $1,105.93

19 Computer/Math/Research $1,110.15

20 Chef/Baker $1,114.89

21 Teacher/Dean/Education Degree $1,121.15

22 Machine Operators $1,126.34

23 Architect $1,130.71

24 Machinist/tool ​​maker $1,131.33

25 Marketing/Advertising $1,135.33

26 Housekeeping/Janitor $1,136.02

27 Mechanical $1,138.33

28 Repair/Maintenance $1,142.89

29 Null $1,146.46

30 Military Officer $1,147.96

31 Trader/Manufacturer $1,150.80

32 Customer Service $1,151.92

33 Other – Prof. with University Degree $1,156.33

34 Construction/Skilled Worker $1,159.93

35 Technician $1,160.09

36 Other – No college degree $1,181.74

37 Banking/administrative/office personnel $1,190.75

38 Nanny/Caretaker $1,193.97

39 Military E5+ $1,196.27

40 administrators. Assistant/Secretary $1,209.26

41 Clergy $1,209.72

42 Driver $1,209.94

43 Health Worker $1,212.75

44 Finance/Ins Prof with title $1,213.17

45 Barber/Esthetician $1,214.47

46 Sales/Real Estate $1,215.04

47 Government GS1-GS5 $1,215.50

48 Self-employed $1,217.59

49 Professional Worker $1,219.49

50 Security/Prison Worker $1,227.74

51 Administrator $1,229.80

52 Supervisor/assistant Manager $1,231.67

53 Manager/Director $1,240.14

54 Government GS6 or higher $1,262.45

55 Police/Fire – other $1,264.62

56 Doctor/Dentist $1,277.63

57 Military E1 to E4 $1,294.69

58 Public Accountants/Controllers $1,301.36

59 Police/Fire – Lieutenant/Captain/Chief $1,314.88

60 Nurses $1,316.40

61 Lawyer/Attorney/Judge $1,370.39

62 Executive $1,375.38

63 Businessman $1,405.11

There is a good explanation for each of the following occupations and why they rank at the top or bottom of the table. Let’s start with the top and why scientists, retirees, and pilots or navigators rank there. When you’re a scientist, your important research is done at home or at a company that pays you to be meticulous and find valuable information. These people often take those careful practices they learn on the job and use them on the road. Scientists are believed to be careful people who think twice and always give their full attention to the actions they are performing. For this reason, they tend to be better drivers than many other occupations, and for these reasons, the average premium is $870 per month.

After this comes the retiree with a premium of about $917 a month. Retirees don’t get much done throughout the day and many of them stay at home watching TV or doing things around the house. Sometimes they decide to go out and drive to the supermarket and other places, the places they travel to however; they are short distances, so there is a lower chance that these people will have a car accident when they are driving. It’s good to note that many retirees do a lot of driving, but these are an average of all retirees and since there are so many of what we call “baby boomers” in our population, most retirees follow the pattern. described above.

Pilots and Navigators rank fourth on the list with an average premium of $965, which is relatively low compared to other professions. Auto insurance companies see these people as responsible people who are good at what they do. These people usually have the lives of other human beings in their hands and that usually translates into the road. When these people drive, they are believed to be cautious and defensive, and many of them often perform the same actions they do at work, making them excellent drivers and very defensive behind the wheel.

On the other side of the table we see lawyers, lawyers and judges with an average monthly premium of $1,370. A big reason for the change may be due to the fact that these people buy more expensive vehicles than the three occupations we’ve discussed above. Since most of these people are still making car payments or leasing the car, they find themselves with a full coverage policy, which can be very expensive. Their cars are often more difficult to fix and require more expensive parts and labor, which is why insurance companies try to offset the “risk” by offering them more expensive policies.

Next to last we see executives paying around $1,375 for auto insurance a month. There people also buy expensive cars that are more difficult and expensive to fix, but another detail must be added. Executives are constantly on the phone with people across the country and the world. For this reason, they are more likely to pay attention to their cell phones while driving, which has been shown to be one of the leading causes of accidents in the United States. Because of this little thing called a cell phone, executives face one of the most expensive monthly bonuses of any occupation.

Last but not least, we find ourselves with the most expensive occupation for an auto insurance company to insure, business owners. With an average monthly premium of a staggering $1,405, business owners command the highest rate of any profession. The reason for this is that these people live a very stressful life. Trying to keep your main source of work running smoothly can take a toll on these people and increase the stress you are driving under; the greater your chances of making mistakes on the road. Add to this that they spend countless hours on the road and some of them use their cars for business purposes; and you will face the most expensive premium that exists.

As you can see, your occupation has a lot to do with how you are perceived by a car company. Unfortunately for people who fall into one of the expensive categories and are good drivers, they will always be seen as part of the group they work for. Occupations have a lot to do with who you are and how you are viewed, and now you can see that your profession goes further because it is not used to determine your car rates.