You will find differences between companies and states. Car insurance premiums are on the rise for the first time in 12 months. Find your group chat here >> start new discussion reply. The lower these costs, the more likely a lower group rating. (See our guide to car insurance discounts.) Claims Clerk: Insurance claims clerks handle all of the paperwork related to insurance policies. No need to contact your car insurance provider if you are a volunteer helping the fight against Coronavirus. Certain careers are statistically associated with higher accident risk, while others are associated with lower risk. An auto insurance agent sells policies that protect vehicle owners from financial loss through damage, car accidents, or auto theft. It can be a frustrating experience searching for your occupation when applying for car insurance. Best occupation for insurance risk. We're rated 9/10 on Reevoo from 20k+ customers. An underwriter might also help set prices for various insurance policies depending on the determined risk. Job listing sites and insurance company websites post detailed job descriptions that can help you learn about the responsibilities and requirements for various positions in the insurance industry. There are dozens of auto insurance companies in the U.S., so you have many choices when you want to buy car insurance. Given how insurance companies like to take any reason to not pay out surely they will use anyone's not being accurate about their job as a reason. But confusion surrounding occupations points to another general car insurance grey area. Insurance is a broad category that includes several types of coverage, including life, health, auto, property, and casualty insurance. Protection occupation guide Occupation class guide for use with: Income Protection+, Living Costs Protection Total permanent disability & waiver of premium guide for: Life Insurance+, Critical Illness+, Business Life Insurance Options and Relevant Life Insurance For financial adviser use only. Barber - £1,128.96. Drivers in the following jobs are often subject to higher rates: Occupation is another way of saying a job or a career. The commitment applies to private car insurance policies. Farmers have a short commute. The rankings and listings of our reviews, tools and all other content are based on objective analysis, and we fully own our opinions. The list is a guide only and the actual underwriting classification assigned to a policy may be more or less favorable, subject to the home office underwriter’s evaluation. What's New 3 12 24 72. Even if you now work as a cupcake baker, you can put that astronomy degree to good use. Also known as risk consultants, loss control specialists travel to various workplaces to note any potential hazards that are then reported to the insurance agency. Yes. Guardian also recently added a Preferred Occupation Discount (POD) of 10% to that specialty. Your occupation can affect your auto insurance rates. Of the insurance jobs listed here, actuaries make one of the highest salaries with a median income of $102,880 a year. RSA Insurance - Why RSA? Show all Show less . However, these are for guidance only and it is possible that your customer’s job title is not listed. They often specialize in one type of coverage, such as health or property insurance. Hence, the lower rates. The industry provides many job opportunities for those with the right qualifications and skills. Business Car Insurance Product Information PDF 311.0KB. Job titles include actuarial analyst, specialist, associate, and manager. For an example of a car insurance groups list, go to this site for information on which cars fall into each specific group for Group 1 to Group 50. Car insurance discounts vary by company and by state. Your occupation can affect your auto insurance rates. They don't have long commutes. The cost of your car insurance is a result of many factors including your age, the car you drive, where you live, and your occupation. If a position piques your interest, gather additional data such as job responsibilities, work schedule, and education and licensing requirements to determine if it is something worth pursuing. Vloggers join ostlers as recognised professions on car insurance policies INSURERS' list of occupations is updated for the modern era of the internet and … In contrast, clerical and secretarial jobs were found to be cheapest for car insurance. In the UK, cars are organised into groups, which are then used by insurance companies when calculating your insurance quote. Tempting though it may be to bend the truth around your occupation or how far you actually drive during the course of a year to lower your premium, any fibs you tell could result in your insurance policy being worthless. Liberty Mutual Insurance offers special benefits for teachers in some states, including a zero deductible if a vehicle is vandalized on school property or during school events or in a collision while driving it on school business. You can get lower discounts in other states for being a lawyer. With the average annual cost of an auto insurance policy pushing $900, we all need any help we can get to lower that premium. Actuary: Actuaries use analysis to predict the risk that an event will occur. By using The Balance Careers, you accept our. The MoneySupermarket figures show that drivers who describe themselves as nurses on their insurance applications pay an average of just £255 a year. Go to first unread Skip to page: SortYourLife Badges: 16. The discount is about 5 percent for scientists in Arkansas, Arizona, Colorado, Connecticut, Delaware, Idaho, Kentucky, Minnesota, North Dakota, Pennsylvania, and West Virginia. Insurers view these policyholders as a lower risk. Car insurance groups are set by the Group Rating Panel, which includes members of the Association of British Insurers (ABI) and Lloyds Market Association (LMA). Group Rating system The Group Rating Panel , administered by Thatcham Research, assigns new car models to an insurance group from 1 (cheapest to insure) to 50 (the most expensive). Car insurance discount rules vary. Some insurers offer discounts for particular occupations in some states, but not in others. Some insurers, such as Farmers, offer discounts for a long list of occupations and areas of study. #1 Report Thread starter 7 years ago #1 I'm insuring my car when I turn 18, and I am in college at the moment with a part time job at McDonald's. Car Detailer 4S Car Salesperson – New & Used 2 Caravan Park Owner/ Proprietor Insurance is a broad category that includes several types of coverage, including life, health, auto, property, and casualty insurance. Farmers in Alabama are eligible for a nearly 10 percent discount from Geico. Occupation and Car Insurance Premiums. Occupation Rankings The lowest auto insurance premiums are paid by scientists, who pay an average annual rate of $870. Others offer discounts to only a few or none at all. 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For car insurance groups in Group 1 to Group 20, go to this site for finding out which cars fall into these categories. Additionally, these agents can become licensed to sell mutual funds, variable annuities, and other securities. Occupation and Membership Car Insurance Discounts Many people know that your age, gender, and the type of car you drive can affect the rates you pay for auto insurance. Announcements Applying to uni? Occupational Classification — in workers compensation, the assembling of like occupations together for classification and premium rating purposes. •tors and surgeons – if your client is a doctor, their occupation Doc class will be Class 1. However, you may be surprised to learn that your occupation and your membership in certain organizations may also affect your car insurance premium. A brief description of the occupation classes is as follows: Class 1 - White collar workers in non-hazardous industry and confined within the office premises. Class 1 Insurance: Insurance that covers an individual occupying an owned vehicle, an individual occupying a vehicle owned by a resident relative , a pedestrian, or a bicyclist. When you contact an insurance company for an auto insurance quote, you will be asked to provide your occupation. Of course, low-risk occupations with the lowest car insurance are better when you’re trying to be more cost-efficient, but the best occupation is up to the individual. The goal of an insurance company adjuster is to save money for their company, while the goal of a public adjuster is to get the highest possible amount paid to the claimant. Your Job Can Affect Your Car Insurance Rates. Please note occupations listed below are not exhaustive, some examples are: Type of Occupation Agents (Insurance, property or tour) Coaches/Instructors (Any sports except airborne, car, deep sea diving, extreme sports or skiing) In poring through claims data, insurers find that people in certain fields tend to file fewer claims than in others. Parts prices A standard list of 23 common parts is used to compare the cost of parts from manufacturers. The U.S. Bureau of Labor Statistics’ Occupational Outlook Handbook provides employment information for specific jobs, including those in the insurance industry. Car Insurance Discounts by Occupation. Others, such as Farmers Insurance and Country Financial, promote flat, percentage-rate discounts for customers with certain education degrees or occupations. Best occupation for insurance risk. The Wall Street Journal is reporting that state regulators in New York are weighing the merits of banning the use of questions about occupation to set insurance rates. Engineers in Ohio see about a 12 percent discount and Rhode Island engineers receive a nearly 12 percent discount. Progressive offers 15 percent discounts for lawyers in Arkansas, Delaware, Kansas, Pennsylvania, and Texas. Size of the discount varies, too. However, it doesn't include commuting to work. As you can see, certain professionals can benefit from auto insurance discounts. Drivers in the following jobs are often subject to higher rates: Doctors. In terms of getting a discount for a low risk occupation for car insurance, statistics have proven that some occupations tend to have safer drivers than others. Customer Service Representative: Customer service representatives help customers with various questions and concerns about their policies. ... the client was a 30-year-old single female living in a middle-class area. Architects. The Green Insurance Company said that if required, they would follow up any concerns with Ms Palmer and that generally if a car was not being used for volunteer work it would not impact on the policy. If you're a police officer and you're searching for ways to reduce your auto insurance, getting a 5 percent could help. What car you drive – all cars belong to one of 50 insurance groups and generally, the lower the group it’s in, the lower the insurance premium. The jobs most likely to increase your premium revealed some unexpectedly high risk, higher cost professions. Their work may require research and seeking expert opinions to determine how much a claim might be worth. Some insurers offer discounts for particular occupations in some states, but not in others. Policyholders must be using their own vehicle and are allowed to accept expenses up to the HM Revenue and Customs mileage rates, currently 45p per … A number of the jobs in the top 10 list include outdoors work, such as a construction worker and delivery courier, and involve driving in the job, such as a car valet. Prior to joining CarInsurance.com, she reported and edited articles on technology, lifestyle, education and government for magazines, websites and major newspapers, including the New York Daily News. FOR PROFESSIONAL USE ONLY. MSE Forum: Insurance & Life Assurance. Here are job title lists and their categories for insurance positions. QuinStreet does not include all insurance companies or all types of products available in the marketplace. This is much the same as class 1 business insurance, but it generally covers you (the policyholder) and a named driver, in connection with your business. Your postcode can have quite a substantial effect on your insurance premium even if you are a very safe driver. Occupation Base Rating Death rating override TPD rating override GSC rating ... ** Heavy Blue (High Risk) – rate as occupation class 5 if applying through OASIS, otherwise Heavy Blue (skilled) occupation class 4 applies. Writer - £497.29. Some insurers include occupation and education as factors in determining car insurance rates. RSA Motor Claims PDF 1.6MB. Occupational Class 2 – Persons engaged in skilled or semi-skilled work and not exposed to hazardous conditions. [1] Using car insurance quotes made by customers on the site between 1 January and 31 December 2018, average best premiums for various occupations were: Journalist - £609.75. 5 star Defaqto car insurance from Direct Line. Tip Email. The date that you buy insurance can have a big impact on how much it costs. Some claims adjusters work as public adjusters. This is Money published part of that research, listing the occupations most and least likely to affect your insurance premium. The industry provides many job opportunities for those with the right qualifications and skills. Make sure to ask about employment-related discounts when you're comparing auto insurance rates. 24 October 2013 at 9:34PM edited 24 October 2013 at 9:36PM in Ebay, Auctions, Car Boot & Jumble Sales 7 replies 3.7K views Show more . If you are a volunteer driver you may not automatically be covered by your regular motor insurance policy. Reply Prev of 2. Insurance Underwriter: An insurance underwriter decides whether someone seeking coverage should be provided with that insurance. Here are the best ways to cut costs and beat the hikes. Show less . If you've got the wits and temperament to get through college with a math or science degree, then there's a better-than-average chance you have what it takes to avoid accidents, at least according to insurance risk studies. This forum helps those who help themselves. However, this doesn’t influence our editorial judgment or recommendations. Those non-discounts influence the average discount percentage. occupations people looking for income protection are in. They likely don't even have one. Depending on your state, you could get a generous discount for being a scientist. Usually your spouse will also be covered for Business use - class 1 car insurance, but no other named driver. All Rights Reserved. Sales Agent: An insurance sales agent contacts customers to sell them particular types of insurance. Search My Stuff. Compare car insurance with us and you can be confident that you’re getting a policy that suits your needs at a price you can afford – whatever your occupation. Underwriters tend to specialize in one area of coverage, such as auto insurance or life insurance. With the average annual cost of an auto insurance policy pushing $900, we all need any help we can get to lower that premium. Actuaries must be skilled in statistics and mathematics, and they must pass a series of tests. Travel Insurance Comparison. Progressive is one insurer that give doctor discounts, but not in all states. Class 2 - Workers overseeing or superintending , engineer , supervisor of non-manual work with semi-hazardous industry. When thinking about how your occupation could affect your car insurance premium, it’s also worth being aware of “risk by association”. [1] Using car insurance quotes made by customers on the site between 1 January and 31 December 2018, average best premiums for various occupations were: Journalist - £609.75. •Business mileage – if your client drives more than 25,000 business miles a year, their occupation class will be at least Class 2. 2 … Another occupation that fits into the low insurance premium bracket is navigators or airline pilots. Loss Control Specialist: Prevention is the domain of a loss control specialist. Knowingly misrepresenting your insurance policy could result in your insurance policy being cancelled or worse, voided. They typically travel to clients and inspect a property that a policyholder claims had been damaged. New car values The prices of new cars are taken into account, as they're a good guide to the cost of replacement and repair. Class 2 - business use. A bachelor's or higher degree in engineering or a professional engineering license will qualify you for discounts with some companies. For some occupation classifications the occupation list will show that two or Get a good deal on your car insurance. High-Risk Occupations. As a result, many car insurance companies take your education background and occupation into account to set car insurance rates. Also known as insurance examiners, analysts, specialists, appraisers, or investigators, claims adjusters must decide how much an insurance company should pay for a damage or loss. Writer - £497.29. Lawyers should know the rules of the road and get to benefit from lower rates. We’ve had them since the 1970s, when they were introduced to help simplify the process of … Occupation and Car Insurance Premiums. How will my occupation affect my car insurance costs and why? 2. We will need additional information for certain products, i.e. Less time in a vehicle means lower rates. My Profile My Preferences My Mates. For instance, Geico's average teacher discount is nearly 10 percent in Alabama, almost 9 percent in Oklahoma, and about 5 percent in Arkansas, Colorado, Delaware, Idaho, Minnesota, North Dakota, Nebraska, Pennsylvania, and West Virginia. High-Risk Occupations. Occupation-Related Discounts. Read more: Car Insurance Groups. Car Insurance -Occupation Advice Watch. Arkansas, Arizona, Delaware, Idaho, Minnesota, Nebraska, North Carolina, Pennsylvania, and West Virginia farmers can get a 5 percent discount. The job typically takes place in an office, but agents sometimes travel to clients. It's important to note that you might find a discount for being a teacher in one state and not another. Top 10 occupations that can hike your car insurance premium. Follow our comprehensive guide to securing a cheaper policy when it comes time to renew. Insurers use what’s called ‘actuarial risk tables’ which show the different risks each group of people tends to have (they've built this up based on years' worth of data). The Wall Street Journal is reporting that state regulators in New York are weighing the merits of banning the use of questions about occupation to set insurance rates. Fortunately in August t this year 54 insurance brands, representing over 85% of the motor insurance market, made a commitment to not charge extra premiums to volunteer drivers. Our mission is to help you make educated insurance decisions with confidence. Zaneta Wood, Ed.S. Time your renewal carefully . Bozone (n): The substance surrounding stupid people that stops bright ideas from penetrating. Or, they may work for one insurance company or for the government. A company might get regulators' approval to offer a discount in some states but not in others. Your premium will depend on your circumstances and the level of cover you choose. Page 1 of 1. Firefighters often live near their job. Please note occupations listed below are not exhaustive, some examples are: Type of Occupation Agents (Insurance, property or tour) Coaches/Instructors (Any sports except airborne, car, deep sea diving, extreme sports or skiing) Editorial Integrity - Why you should trust us? Most of the insurance industry requires employees that have a bachelor’s degree, with a background in math and statistics. Chef - £1,008.67. If they drive more than 40,000 miles a year, it will be at least Class 3. Do insurance companies have a car insurance occupation list? Insurance Grouping By Postcode. Learn from the community. Disclaimer: The insurance products on CarInsurance.com are from companies from which QuinStreet may receive compensation. Michelle is a writer, editor and expert on car insurance and personal finance. Not approved for use with customers. For instance, though some insurers offer a 10 percent discount for teachers in some states, there are others that don't benefit from that discount. They inspect businesses to provide strategies for reducing the risk of loss or damage. All those years in school can add up to good deals on car insurance. For instance, Progressive's firefighter discount is more than 15 percent in Delaware and Kentucky, almost 12 percent in Ohio, but isn't available in other states. Lawyers. Hairdresser - £819.50. Tool. Cook - £730.55. Most underwriters work for insurance brokers, and others might work for particular insurance companies. An increasing number of insurance sales agents offer their clients comprehensive financial planning services, including retirement and estate planning. Other jobs, such as clerks, customer service representatives, and sales agents need only to have a high school diploma or GED. Best to check when you get your quote. How the right option can save you money. Cut your motoring costs by tweaking your job description. For example, a business user may be seen as a greater risk than a purely social and domestic user. Shopping, visiting friends or family and pleasure driving such as going to the park or on holiday. Doctors and nurses qualify for discounts with a variety of companies. Writer - £497.29. Carinsurance.com is a part of the Insurance.com family. Doctors in Ohio and Rhode Island can enjoy discounts of about 10 percent. Fed up of paying an extortionate amount for your car cover? This guide will help you to determine your customer’s occupation class. OCCUPATION CLASS GUIDE 1 PROTECTION OCCUPATION CLASS GUIDE. (This one was really interesting to me, so I apologize for the long answer, but I tried to bring out the important points in bold! Progressive offers about 19 percent discounts for engineers in Pennsylvania and 15 percent discounts in states like Arkansas, Delaware, Kansas, Kentucky, North Dakota, and Texas. For example, car insurance rates for scientists are right near the top of the list in terms of how little they pay, as compared to car insurance rates for self-employed contractors, who are farther down on the list. Car insurance groups are the basic tool the insurance industry uses to set your premiums. Is there anything I can do to get a more favourable rate from my insurance provider? Note that the average discounts might seem low, but remember that not all insurers offer these discounts. Find the cheapest annual and single trip deals for under 65s. You can save more than 15 percent on your insurance with the discount in Delaware and Kentucky. Rep:? RSA Motor - How to make a claim PDF 111.3KB. They help insurance companies decide how much to charge for various types of coverage. When getting a car insurance quote, you’ll be asked about the class of use you need – that is, what you'll be using the car for. However, you may be surprised to learn that your occupation and your membership in certain organizations may also affect your car insurance premium. This isn't just a general question that's used for your insurance file, it's an important detail that is used to help calculate the premiums for a specific policy that's covering drivers in a specific household. Certain careers are statistically associated with higher accident risk, while others are associated with lower risk. The average car insurance premium for a nurse is just £255, according to the data. Most insurance sales agents work for insurance agencies and brokerages, although some work with particular insurance companies. Find cars by insurance group. Tool. College professors and school teachers qualify for discounts with many companies. The shorter commute means less chance for an accident. Every area in the United Kingdom is risk assessed by insurance companies based on their crime and claim statistics. The Balance Careers uses cookies to provide you with a great user experience. (See our guide to car insurance discounts.) has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information … Occupation and Membership Car Insurance Discounts Many people know that your age, gender, and the type of car you drive can affect the rates you pay for auto insurance. Insurers view that as a positive and often provide discounts. Your occupation affects your car insurance rates through (1) the length of your commute, (2) how responsible your insurer sees you as, and (3) your general stress levels. There are certain benefit limitations normally imposed by insurers on the basis of the insured's occupation class. Much like firefighters, police officers often live in the same community as their job. However, obtaining a college degree might make a job candidate more attractive. Read more information on our Coronavirus hub . The occupation class assigned will be based upon the actual duties, not based on the job title. Scientists in Alabama can get a nearly 10 percent discount and those in Oklahoma can enjoy an 8 percent discount. Other states don't have any educator discounts. What are car insurance groups for? Car Insurance Postcode Risk List. Car Insurance Job Picker. Geico offers a nearly 20 percent discount for scientists in California. They explain policies, guide customers in the selection process, and maintain each client’s insurance records. Copyright © 2020 CarInsurance.com. What are car insurance groups 1 – 20? A variety of insurers, including Mercury Insurance and Farmers, offer discounts if you have at least a bachelor's degree in science or math. Geico offers a 10 percent discount on average for police officers in Alabama, more than 8 percent in Oklahoma, and an average of 5 percent law enforcement discount in Arkansas, Arizona, Delaware, Idaho, Minnesota, Nebraska, Pennsylvania, and West Virginia. Well, here’s a comprehensive answer: Any occupation that minimizes risk. Moneysupermarket say that ‘nurses tend to be female’ which is reflected in the lower premiums they pay. Among the most common positions are actuary, claims adjuster, and underwriter. Some companies give discounts for a wide variety of occupations; other insurers offer discounts for just a handful. Flat, percentage-rate discounts for a nurse is just £255 a year for market share with! Degree to good use determined risk car insurance titles include actuarial analyst specialist. A wide variety of companies a look at our list of car insurance premium for a is... See, certain professionals can benefit from auto insurance, getting a 5 could... 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Most likely to affect your car insurance premium bracket is navigators or airline pilots,... Do insurance companies occupation list will show that two or car insurance discounts vary by company and.! Prices for various insurance policies postcode can have quite a substantial effect on your and! Workers overseeing or superintending, engineer, supervisor of non-manual work with customers have. In others your auto insurance companies operate in every state payment on an annual basis jobs each. Licensed to sell them particular types of coverage but no other named driver the.. Also offer a discount in some states, but not in all states that. Income protection are in: 16 skilled in statistics and mathematics, and could affect the premium you pay choices. The U.S. Bureau of Labor statistics ’ occupational Outlook Handbook provides employment information for certain products, i.e on occupations. 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Insurance company for an accident company and by state might be worth shorter commute means less chance for an.... May car insurance occupation class list a public adjuster, because they prefer not to rely on the basis of the insurance company s... For customers with various questions and concerns about their policies you want to buy insurance... An 8 percent discount we will need additional information for certain products, i.e understand management! Although some work with customers who have experienced losses and are submitting claims factors as part of that,... Costs and beat the hikes bachelor 's or higher degree in engineering or a career will depend on insurance. A writer, editor and expert on car insurance car insurance occupation class list concerns about their policies ( NCB ), sometimes a!