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New study reveals which professions pay the most in car insurance premiums

New study reveals which professions pay the most in car insurance premiums | Insurance Business

New study reveals which professions pay the most in car insurance premiums

If new research by Comparethemarket.com is anything to go by, then it looks like fame means fat motor insurance bills.

Read Cars reported on Comparethemarket.com data showing that celebrities like entertainers and sportspeople pay exorbitant premiums, from £1,408.61 for a year’s cover. The study analysed 100 professions.

Next on the list of most expensive car premiums by profession are DJs (£1,151.86), taxi drivers (£1,105.97), and chefs (£1,084.16).

Entertainers, therefore, might want to switch to a career in accounting as the study found accountants paid the least (£706.72 on average) in yearly premiums.

Also paying less expensive premiums are ambulance drivers and judges (£738.08), barristers (£748.08), and paramedics (£748.16).

“Insurers use complex algorithms to determine an individual’s premium, with profession making a big impact on the annual cost of an individual’s car insurance,” said Simon McCulloch of Comparethemarket.com, as quoted by the report.


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