Farmers Guardian
News
Word ‘milk’ banned for use in branding of plant-based products

Word ‘milk’ banned for use in branding of plant-based products

This Is Agriculture - Sponsored

This Is Agriculture - Sponsored

DataHub

DataHub

Auction Finder

Auction Finder

LAMMA 2020

LAMMA 2020

You are viewing your 1 free article

Register now to receive 2 free articles every 7 days or subscribe for unlimited access.

Subscribe | Register

Farmers face some of the highest car insurance prices on the market

Only taxi drivers, workers in the hospitality sector and those in the building trade faced higher premiums.

TwitterFacebook
Share This

Farmers face some of the highest car insurance prices

The farming industry was facing some of the most expensive personal car insurance quotes on the market, according to research by comparison site Quotezone.co.uk.

 

The median quote for the industry comes in at £1,072 for those in roles including farmers, farmworkers, tractor drivers, agricultural consultants and engineers.


Read More

Farmers - here's how to make sure you have the insurance you need...Farmers - here's how to make sure you have the insurance you need...
Farmers promised sheep insurance if lynx trial goes aheadFarmers promised sheep insurance if lynx trial goes ahead
Innovative insurance business protects farmers from price dropsInnovative insurance business protects farmers from price drops

  1. Police: £499.41
  2. Driving Instructor: £615.07
  3. Nurse: £717.49
  4. Architect: £744.80
  5. Religion: £751.02
  6. Accountant: £778.80
  7. Lawyer: £787.24
  8. Dentist: £787.26
  9. GP: £805.92
  10. Engineer: £823.44
  11. Financial Adviser: £994.13
  12. Farmer: £1,072.18
  13. Taxi: £1,149.85
  14. Hospitality: £1,181.80
  15. Construction: £1,186.16

Source: Quotezone.co.uk

And only taxi drivers, workers in the hospitality sector and those in the building and construction industry faced higher premiums than those in agriculture.

 

Police and community support professionals had the cheapest insurance.

 

Calculations

 

Greg Wilson, founder of Quotezone.co.uk, said insurers used a ‘wide range of variables’ to calculate premiums, and occupation was one of them.

 

"That's because your occupation has the potential to say something about your risk appetite and your driving style, in much the same way as your age can do,” he said.

 

"In addition, insurance companies have built up a huge volume of data relating to which occupations are least likely or most likely to make an insurance claim, which can then be used to assess the risk of a new policyholder with a particular occupation making a claim."

TwitterFacebook
Post a Comment
To see comments and join in the conversation please log in.

Most Recent

Facebook
Twitter
RSS
Facebook
Twitter
RSS