Home insurance premiums can vary significantly based on occupation, with a £364 gap between the cheapest and most expensive job titles, according to comparison website Go Compare.
The median annual premium for a warehouse packer was £155, compared to £519 for an investment manager. Those in financial services, senior management and the legal sector consistently attracted the highest premiums.
Investment managers paid a median annual premium of £519 in 2024, investment bankers £518, barristers £477, surgeons £463 and finance directors £404. At the other end of the scale, warehouse packers paid £155, shelf fillers £179 and car delivery drivers £180.
Go Compare found that nearly one in four Brits (24%) intentionally lied on a personal finance application, with 14% of those lying about their profession or job title. Tamzin Metcalfe, home insurance specialist at Go Compare, warned: 'Lying on an insurance application, including about your job title, is not a grey area. It is fraud, and it can have serious consequences.'
Other factors that can impact home insurance price include location, property type, age, claims history and contents value. The best way to save money is to check prices using a comparison website when your current policy is up for renewal.
