Hospitality sector pays highest car insurance, report finds

According to Quotezone, the average annual premium for bar managers is £928, with restaurant owners following at £934, and bar staff at £964

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

It found that the average annual premium for bar managers is £928, with restaurant owners following at £934, and bar staff at £964. Restaurant managers had the highest premiums at £968, however.

Meanwhile, police officers have the lowest average insurance premiums at £489, followed by ministers of religion at £547, while driving instructors pay an average of £591.

The analysis is based on a sample of over 800,000 car insurance policies compiled from across the UK last year founder Greg Wilson said “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. But whatever your occupation happens to be, it’s clear that your job title can have a significant impact on your car insurance premium.” 

He added: “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.”

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