Connect
To Top

4 Ways in Which Your Job Influences What You Pay for Car Insurance

It is no secret that your job, or rather your career, influences all other spheres of your life, including insurance.

Truthfully, the influence may be that much more significant in health insurance, but that’s not to say that car insurance has been left behind.

Insurers have to have an almost perfect profile of the customer intending to take out a plan, and it is in assessing this profile that they determine what premiums the potential client will have to pay.

No matter the insurance, your job will always be among the most significant building blocks of said profile. All the same, how many reasons can you come up with concerning exactly why car insurance companies are that interested in your job?

Distance from Home to Work

Among the questions a car insurance company will ask about your job, best believe that this one may very well be among the very first once.

They’ll want to know exactly where you check in every morning, and how long it is from your residence. The longer the distance, the higher the premiums you will pay.

The longer the drive to work, the higher the premiums you will pay

How so? Well, long distances translate to more potential exposure to incidents on the road, and you are, therefore, a higher risk client in this regard.

Also, if you head out to work daily, you may pay more in premiums that a fellow who only goes to work three times a week.

Nature of Your Work

The insurance company just wants to know if you work in a high-stress field, as driving while stressed may interfere with your concentration while out on the road.

Driving while stressed may interfere with your concentration

Additionally, they may also want to know about the equipment you take home from work or vice versa. Should they be expensive, you’ll have to fork out some more money to be adequately insured.

Financial Stability and Income

No one wants to share their financial details with anyone, and that’s pretty much understandable.

However, when it comes to taking out a car insurance plan, the provider has to know about your financial situation. How else will they know whether you’re capable of keeping up with the monthly payments?

If you happen to change jobs often by any chance, insurance providers may be reluctant to cover you. Should they agree, you may find yourself paying way much more than a person who’s held onto the same job for considerable years.

Working Hours

Do you work till the ungodly hours of the night? This is a question for entertainers such as exotic dancers, dance musicians, and DJs whose bulk of work is in the nighttime, and they’ll definitely have to pay more for coverage.

DJs work mostly at night, and they have to pay more for insurance for this single reason

While we may call these unsociable hours, they happen to be very social ones for these individuals. In the eyes of an insurer, a DJ or dancer is more likely to go out partying compared to someone who owns a guesthouse.

As such, they may often be on the highway at times when other drivers may not be as careful as they should be, which can lead to unfortunate accidents.

They are also more likely to be intoxicated, and smart ones will avoid driving under the influence. However, this also means that they’ll leave their vehicles in high-risk places in the wee hours of the night. Should anything happen, won’t the insurer have to compensate them?

More in Life Style

You must be logged in to post a comment Login

Leave a Reply