Your job title could add as much as £364 to your home insurance bill, according to new data from comparison website Go Compare. The analysis reveals a significant gap between the cheapest and most expensive occupations when it comes to premiums.
Occupations and Premiums
Warehouse packers pay a median annual premium of just £155, while investment managers face £519—a difference of £364. Other high-premium roles include investment bankers (£518), barristers (£477), surgeons (£463), and finance directors (£404). At the lower end, shelf fillers pay £179, and car delivery drivers pay £180.
Variations Within Professions
The gap also appears within similar roles. An account director pays a median premium of £338, compared to £269 for an account manager and £292 for an account executive.
Warning Against Lying
Go Compare warns that 24% of Brits have lied on a personal finance application, with 14% misrepresenting their job title. Tamzin Metcalfe, home insurance specialist at Go Compare, states: "Lying on an insurance application, including about your job title, is fraud. It can lead to policy cancellation, claim refusal, or being added to fraud databases."
She advises updating your insurer if your circumstances change, such as a promotion or career shift, and ensuring your job description is fair and accurate.
Other Factors Affecting Premiums
Location, property type, age, claims history, and contents value also influence home insurance costs. Go Compare analyzed combined buildings and contents policies from January 2024 to December 2025.
Tips to Save on Home Insurance
To save money, compare prices using a comparison website at renewal. MoneySavingExpert recommends shopping 21 days before expiry for the best deals. If you find cheaper quotes, ask your current provider to match them.
