Don't crash and burn your mortgage insurance premium

Published:
Topic:
Press Release,Insurance,Car

Motorists taking to the roads after an at-fault accident could see their insurance premiums hiked by over 60 per cent1, says moneysupermarket.com...

  • Insurance premiums could rise by over 601 per cent after an at-fault accident
  • moneysupermarket.com reveals the best and worst professions for crashing

 

Motorists taking to the roads after an at-fault accident could see their insurance premiums hiked by over 60 per cent1, says moneysupermarket.com.

 

Research based on 10 million user quotes from the UK's leading price comparison site shows bus conductors and GPs as the professions most likely to crash2. It also reveals motor insurance premiums could rise and hit consumer pockets hard as a result of having an at-fault claim. 

 

Peter Gerrard, head of insurance research at moneysupermarket.com, said: "Being at fault in a car accident is terrifying enough for any motorist but with purse strings tightening all over the country a hike of over 60 per cent on premiums should make Brits think twice about running risks on the roads1. When an insurer risk assesses a driver, any history of accidents will no doubt mean motorists pay more."

 

The research reassuringly shows driving examiners practise what they preach on the roads, with under 1.5 per cent responsible for motoring accidents.  Au pairs and magistrates are also low offenders according to the research.

 

At the other end of the scale, bus conductors are the most likely to crash while in their own cars (almost one in six or over 16 per cent), and Brits with careers related to health and well-being are also popular culprits. GPs, speech therapists, psychologists, keep fit instructors and surgeons are all amongst the professions most prone to crash.

 

Peter Gerrard added: "Driving examiners are clearly used to being extra vigilant on the roads and take one of the top spots in the list of professions least likely to cause an accident - it's encouraging that new drivers are in safe hands! Worryingly it is the healthcare professionals who seem to be releasing their work-related stress when behind the wheel."

- Ends -

 

Notes to editors:

 

1 Insurance premiums before and after an at-fault crash:

 

Provider

Clean Licence

With Accident
(£2,000 damage)

Percent increase

Swiftcover

£504.79

£817.05

38.22%

Quotea.co.uk

£526.99

£1,398.74

62.32%

LV=

£651.44

£1,466.20

55.57%

More Th>n

£718.70

£1,255.74

42.77%

Swinton

£774.64

£1,173.38

33.98%

Average

£635.31

£1,222.22

47%

40 year old male (Bus Conductor) in Manchester.

Driving a Ford Focus LX, 10,000 miles a year. Parked on driveway.

Sourced by www.moneysupermarket.com 29.10.2008

                                               

 

2 Professions most and least likely to crash:

 

Those most likely to have an at-fault accident

 

Those least likely to have an at-fault accident

 

16.30%

Bus Conductor

0.36%

Engraver

14.21%

Metallurgist

0.72%

Horse Dealer

14.14%

General Practitioner

0.78%

Zoologist

12.57%

Psychologist

1.10%

Milliner

12.54%

Speech Therapist

1.14%

Butler

12.35%

Keep Fit Instructor

1.38%

Golf Caddy

11.83%

Surgeon

1.39%

Anthropologist

11.65%

Nuclear Scientist

1.41%

Driving Examiner

11.57%

Barrister

1.41%

Au Pair

11.43%

Draughtsman

1.52%

Cobbler

11.42%

Party Planner

1.65%

Magistrate

11.13%

Claims Assessor

1.72%

Botanist

11.09%

Fund Raiser

1.73%

Bingo Hall Staff

11.06%

Underwriter

1.90%

Chimney Sweep

11.05%

Furniture Dealer

2.07%

Ice Cream Vendor

10.91%

Air Cabin Crew

2.08%

Member of Parliament

10.86%

Town Planner

2.16%

Taxidermist

10.85%

Immigration Officer

2.70%

Gravedigger

10.73%

Quantity Surveyor

2.78%

Tobacconist

10.67%

Archaeologist

2.82%

Abattoir Worker

Figures taken from 10 million quotes on moneysupermarket.com this year. A minimum of 100 people in each profession must have had a quote and have at least two years' driving experience

 

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Clare Francis
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