Hospitality sector pay highest car insurance says report

Hospitality workers pay the highest car insurance premiums for insuring their personal vehicles, according to new data from a leading UK motoring insurance comparison website

Quotezone.co.uk found the average annual premium for bar managers was £928, with restaurant owners following at £934, and bar staff, £964. Restaurant managers have the highest premiums, £968.

At the other end of the scale, police officers have the lowest average insurance premiums at £489, followed by ministers of religion, £547, and driving instructors, £591.

The analysis is based on a sample of over 800,000 car insurance policies compiled from across the UK during 2020.

Responding to the data, Quotezone.co.uk founder Greg Wilson comments: “Your occupation is just one of the variables that go into an insurance provider’s premium calculation, but it is an important one.

“This has been an incredibly difficult time for the hospitality sector with furlough and redundancies across the industry. If workers from restaurants, bars and hotels are struggling to find an affordable policy, I would advise using a comparison website such as ours so you can see a wide range of quotes, which should increase your odds of finding a suitable policy at a cheaper price. If the policy is still beyond your budget you could consider taking out telematics insurance, which is usually cheaper, or downgrading your car for one in a lower insurance group, which could help to lower your premium a little.

“But whatever your occupation happens to be, it’s clear that your job title can have a significant impact on your car insurance premium. Given how many people have changed jobs recently and the fact that many may be thinking about doing so as we begin a new year, it’s worth stressing that policyholders have an obligation to inform their car insurance providers if there has been a material change to their policy details, such as job title.

“It’s also worth bearing in mind that smaller changes to the way people work can sometimes affect the premium too. For example, if policyholders now work from home, parking their car on a private driveway, not using their car for business use or the commuter journey could potentially result in a reduced premium.”

Recommended by 97% of reviewers, Quotezone.co.uk helps around 3 million users every year, with over 400 insurance brands across 60 different products including niche items such as pub insurance, restaurant insurance and public liability insurance.