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Your Job Could Make Your Car Insurance Less Affordable

In our continuing effort to find affordable car insurance for our readers, we tested Geico Auto Insurance as a 38-year-old single male living in the Bronx New York. Our test subject, Mr. Bob Testquoter drives a 2006 Mazda 6 and has no traffic incidents within the past five years. Mr. Testquoter works as an accountant, traveling ten miles to and from work, five times a week.

The insurance coverage we selected was as follows:

-Bodily Injury Liability: $25,000 / $50,000
-Property Damage Liability: $10,000
-Personal Injury Protection: $50,000 per person per accident ($200 Deductible)
-Uninsured Motorist: $25,000 / $50,000
-Comprehensive: $500 deductible
-Collision: $500 deductible

Mr. Testquoter’s quote came up for $1,075.60 for six months or $204.74 per month, not bad for such a high incident area as the Bronx. When we left everything else the same, yet changed the profession from accountant to computer software engineer, our rate jumped to $1,316.40 for six months or $249.89 a month! Do accountants really deserve to have more affordable car insurance than computer software engineers?

Affordable Car Insurance

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Insurance companies make money on statistical analysis that determines the optimal (read: profitable) mix of how much to charge and who to charge it to. Throughout the course of a week, most of us spend more time driving to work than we do anywhere else so the fact that insurance companies factor this in shouldn’t be a surprise.

Anyone who drives for a living, delivery or sales people for example, should obviously expect to pay more, but those of us who work high stress, long hour jobs should expect to pay more as well. Statistics show people who talk on the phone more often have more accidents and busy professionals use the phone while they drive. See the correlation? It’s really just a numbers game.

The bottom line… if you want to find more affordable car insurance, try classifying your occupation under a number of different categories before committing to a policy. Spend a few extra minutes examining the input options and those few extra mouse clicks could save you big bucks over the life of your policy!

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