Many people may wonder what their occupation has got to do with their car insurance. It is common knowledge that insurance companies base their rates mainly on statistics. Studies have shown that there is a relationship between an individual’s occupation and his auto insurance risk. This aspect greatly affects the car insurance rates depending upon the level of risk to the auto insurance company. This relationship can be seen clearly in the 2006 Occupation report released by Insurance.com. According to this report Actors, performers, artists, pilots, navigators, retired people and scientists get to pay only the yearly average premium of $935.76. On the other hand those from the professions of executives, lawyers, judges, attorneys and business owners are charged an average of $1383.63 for a year.
For the insurance company, motorists with jobs that are stressful pose higher risk for auto insurance. As they spend more time driving and spend a lot of time peaking on their cell phones which means they are more prone to mishaps while driving their cars. They expose themselves to accidents by their bad driving habits. But the scientists are seen to be safer drivers due to their being meticulous and careful and think twice before taking any action and also their attention of 100% in whatever they do that includes driving as well. These traits are developed from their work as scientists and they are useful while they are driving. That makes them much better drivers than others. The insurance companies reward safe drivers with lower rates for their car insurance.
The retired people also get lower rates as most of them stay at home and spend a lot of their time at home. Even if they drive the distance is very short and there is only a low probability of getting into accidents. This is a major factor that is taken into account for their low car insurance rates.
Pilots and navigators come next in the list as they are in professions that make them responsible for many lives. They naturally have the habit of using utmost care and responsibility and this becomes a habit when they drive their cars also. Due to their training that lays emphasis on the safety of others, they use much caution and drive defensively on the roads. The other reason for their being so careful and safe in driving is that there is the likelihood of losing their jobs if they cause an accident or have a DUI on their records which will seriously impact their career. They often use the public transport and drive less. According top priority to safety comes naturally to the people in the occupations of pilots and navigators. These are the reasons why they are considered safe drivers and are charged lower car insurance premiums.
The insurance companies have categorized occupations as “high-risk” and “low-risk” based on the driving habits of the people of various occupations. The high risk drivers have to pay more for their car insurance than those in other professions.
But there is no need to despair for those who face high car insurance premium rates due to their occupations. Being a member of AAA or certain alumni groups and associations can entitle you for a significant discount on your car insurance in you are in their eligible list of occupations. You can find out what your chances are for getting these discounts you can do a thorough internet research and compare quotes from many leading car insurance providers.