Job titles and costs

Did you know that the average cost of insuring a car has increased by £94.61 in the past two years?

Research by Vanarama has  calculated how much car insurance premiums will cost this year for the top 100 most common jobs in the UK.

The biggest hikes

As part of the study, the biggest jump in their car insurance costs in 2023 were ranked according to job titles. Compared to 2021, the last time the survey was carried out, premiums have not stopped climbing.

Careering about

Unfortunately, it’s not good news for mechanics as they will be paying a staggering £154.83 more than they were two years ago. Back in 2021, mechanics would pay £298.61 for their annual car insurance, however, that price is set to rise to £453.44 this year.

This is then followed by estimators who will be paying an average of £134.83 more for their car insurance this year. Back in 2021, the price was much lower at £313.75, however, it’s set to cost £448.58 in 2023.

Next rounding up the top three are administrators who follow closely behind costing £132.08 more. Whilst the average cost insurance premium cost £308.44 in 2021, it’s now predicted to cost £440.52.

Maybe its good news

Of the 100 job roles analysed, only those who drive for a living will spend less on car insurance than they did two years (£479.80 down to £421.76).

Six simple ways to lower your car insurance costs in 2023

As you can, the cost of insuring a car can be incredibly high, which can be a real burden for many people, especially during a cost-of-living crisis. However, there are ways to lower your car insurance costs.

Here are Vanarama’s top tips to help you save money on your car insurance:

1. Check your credit score: If you have a poor credit score, then it’s likely that you will have to pay higher premiums, so checking your credit rating before applying for insurance is essential. If there are any mistakes on your report, get them corrected before applying for any form of financial product – including home loans and credit cards.
2. Get yourself an older model car: Older models tend to be cheaper than newer ones. This is because they are less likely to suffer from theft or vandalism and therefore don’t need as much protection from the insurer. They also tend to be safer than newer models because they have more airbags and other safety features fitted as standard.
3. Choose your own number plate carefully: The number plate on your car has a huge impact on how much you pay for insurance, so choose wisely! For example, if you choose a number that has been used previously or one that looks like another (even slightly), then this could result in higher premiums being charged by insurers because there’s a greater chance of a stolen number plate being put back on your car. If you’re looking for a personalised number plate, then you may find that it will cost more to insure than one which has been issued by the DVLA.
4. Reduce your mileage: If you drive less, then your insurance is likely to be cheaper. The more miles you cover each year, the more likely it is that an accident will occur, and this can be reflected in your premium. So try car sharing and/or using public transport more if you can.
5. Shop around for new quotes before renewing — even if you’re happy with its service and price. What many motorists are unaware of is that prices can change as often as once a month, so it’s worth researching over the space of a few weeks before signing up with an insurer.
6. Avoid accidents, penalty points, and reckless driving. Accidents can raise your rates dramatically. Penalty points and reckless driving are even worse. If you’ve been in any major accidents or have been cited for speeding or other traffic violations, look for companies that specialise in high-risk drivers. They tend to offer lower premiums because they know the risks involved with insuring you.

You can read the full research here.