The cost of fame: entertainers and sportspeople pay highest car insurance premiums
New data from comparethemarket.com has revealed how the cost of a year’s car insurance could increase by nearly double, based solely on a chosen career path, with entertainers and sportspeople topping a new league table for the highest costs.
Professional highs
An analysis of 100 professions, keeping all risk factors the same, showed there’s a price to pay for fame. Entertainers and sportspeople top the league, both at £1,408.61 for a year’s cover. In third place, £257 cheaper, is a DJ at £1,151.86, followed by those who drive for a profession, with taxi drivers paying from £1,105.97 per year. Those who spend most of their time cooking might be surprised to find that chefs are in fifth place for the most expensive annual premiums at £1,084.16.
Top 5 Most Expensive Car Premiums By Profession
Profession - Car Insurance Quote
Entertainer £1,408.61
Sportsperson £1,408.61
DJ £1,151.86
Taxi Driver £1,105.97
Chef £1,084.16
Professional lows
On the other end of the spectrum, it pays being good with numbers as accountants strike out luckiest, paying the lowest in car insurance at £706.72 per year. The verdict is good for judges who also feature on the lower-end scale, alongside astronomers, police officers and fire fighters, who all pay less than a NHS surgeon, soldier or Member of Parliament.
Top 5 Least Expensive Car Insurance Premiums By Profession
Profession - Car Insurance Quote
Accountant £706.72
Ambulance Driver £738.08
Judge £738.08
Queens Council £748.08
Paramedic £748.16
Simon McCulloch, Director of Insurance at comparethemarket.com said: “Insurers use a complex algorithms to determine an individual’s premium, with profession making a big impact on the annual cost of an individual’s car insurance. An assumption on the time of day a professional is likely to be on the road, plus the number of hours behind the wheel, may be taken into consideration, in addition to the insurer’s claims experience with each job category. Our new league table puts entertainers and sportspeople neck and neck at £1,408 whilst the cheapest profession comes in a massive £660 cheaper at £748.”