Insurance providers look at a whole host of things when calculating a premium. Along with things about you, such as your profession, age, and address they will also look at your car.
No, when buying car insurance, you don't need to prove your occupation to your insurer. However, don't let this tempt you to be dishonest about your job title. If you do make a claim, your insurer may ask for proof of occupation and you could risk invalidating your policy, as well as charges of insurance fraud.
The insurance company will enter all the information you provide into a national database that contains details about: Past and current insurance contracts. Prior claims. Injuries sustained in previous car accidents and more.
Usually, you can only insure a partner's car, one owned by a parent, an employer's car or a leased vehicle. Most insurers assume that you own the car insured. If this is not the case, and you have not told the insurance company about ownership details, the policy will be invalid.
Some companies that provide care workers will supply a car or van. If they do, make sure you are covered on the policy, but if you use your own car for work purposes you'll still need Business Class insurance. Some care workers and carers may be asked to drive a car belonging to a patient or client.
Car insurance is all about risk, therefore if an insurer thinks your job is low risk, your car insurance will be cheaper. Occupations such as secretaries, medical secretaries, legal secretaries, personal assistants, and clerical assistants are favoured by most insurers.
If you're unemployed, your car insurance might be more expensive compared to when you're employed. This is because insurance providers assume you might make more journeys as you search for a new job. For example, you might travel during any time of day (even rush hour) to and from interviews.
Insurance providers get your claims history from CUE and use this to calculate the cost of your premium. So when you're buying car insurance, always be honest about past claims. If you're not truthful or you forget to disclose something, your insurance provider might well find out from CUE.
Can someone else get insured on my car? Yes, someone else can take out insurance to drive your car without being the owner or registered keeper. However, many insurers will only allow those with a defined relationship with you to take out a separate policy on your car.
Can I add someone to my car insurance that doesn t live with me?
If someone asks you whether they can be added, you might wonder whether or not they need to live at your address. The answer here is no, it's perfectly possible to add a named driver who lives at a different address to you.
What happens if I don't declare a claim on car insurance?
If you don't report something and your insurance provider finds out about it later, they could consider this 'non-disclosure', which could invalidate your policy.
The Claims and Underwriting Exchange (CUE) enables insurers to share information and help combat insurance fraud. It's a central database of motor, home and personal injury/industrial illness incidents that have been reported to insurance companies.
Even in road traffic accidents where blame appears obvious, the other party may still choose to deny liability. Fortunately, even if an offending party chooses to deny liability and dispute insurance claim details, you can still make a personal injury claim.
An employment verification letter (EVL), also referred to as a proof of employment letter, is a document that an employer uses to write and confirm the employment status of their current or former employees. A verification letter usually includes information such as: Employment start or end dates. Salary information.
It can also refer to your role within an organization. Stating your occupation in an interview holds implications for you, your job, your profession and your career in a single answer. An occupation is a work situation had by a person who has a specific field of interest and distinct skills that benefit that field.
Does occupation affect the cost of life insurance?
Many factors affect a life insurance policy, and occupation is one of them. People in high-risk professions, such as the armed services should expect to pay more money for life insurance because the provider is taking on additional risk by insuring them.
Named driver insurance, sometimes known as additional or second driver insurance, lets you add someone to your policy so they can drive your car occasionally - with your permission. It extends your car insurance to a family member or friend, typically giving them the same level of cover you have as the main driver.
Yes, you can insure a car you don't own. However, you need to let your insurance provider know that you're not the owner or registered keeper of the vehicle. This is known as non-owner car insurance. There are all sorts of reasons you might want to get insurance on someone else's car.
The main and named driver have the same level of cover on the car. But a named driver could be the main driver on another vehicle. You can be the main driver of more than one car. But insurance companies will often question it… to check for fronting.
When you add a named driver to your policy, the insurance company will typically check their driving history. This includes any motoring convictions they may have, as well as their driving record and claims history.
Insurers share details on all claims through an industry database called the Claims and Underwriting Exchange (CUE). This means they can review your complete history regardless of provider, not just incidents you directly disclosed.
When applying for car insurance, you are required under the Road Traffic Act 1998 to declare any penalty points on your driving licence to your insurance company. Both current and prospective insurers must be made aware of any motoring offences, as it may impact your quote.
Is it better to be a housewife or unemployed for car insurance?
Best policy is to avoid saying 'unemployed' Next time your car insurance renewal comes through, don't fall into the trap of describing yourself as unemployed if, for example, you are retired, a student or a housewife/house husband. If you do, you could end up paying 50% more.
Insurance providers may consider that unemployed drivers are: Less likely to maintain their car – with less disposable income to hand, out-of-work drivers may try to save money on their car's upkeep. A higher credit risk – unemployment may make it harder to settle debts.
It's also worth bearing in mind that some insurance providers offer car discounts for public sector workers, which means civil servants can sometimes get civil service discounts when they are taking out a new car insurance policy.
