Go Compare has warned there is a £364 gap between the cheapest and most expensive job titles when it comes to home insurance. The median annual premium for a warehouse packer was £155, compared to £519 for an investment manager.
Job Title Premium Disparities
Research shows investment managers paid a median annual premium of £519 in 2024, investment bankers £518, barristers £477, surgeons £463 and finance directors £404. An account director paid a median annual premium of £338, compared to £269 for an account manager and £292 for an account executive.
Warning from Go Compare
Tamzin Metcalfe, home insurance specialist at Go Compare, said: "Lying on an insurance application, including about your job title, is not a grey area. It is fraud, and it can have serious consequences. Your insurer could cancel your policy, refuse to pay out on a claim, or pass the information to fraud databases that affect your ability to get cover elsewhere in future."
Home insurance covers your property and possessions from damage or loss from things like fires, flooding, storms, and theft. So if you own your home or rent and own your contents, some form of home insurance might be worth your while.
Honest Reviews Matter
She added: "The right question to ask yourself is whether someone who genuinely knows your job would consider the description you have chosen to be fair and accurate. If the answer is yes, you are fine. If your circumstances have changed since you last renewed, a promotion, a career change, a move to part-time hours, it is always worth updating your details rather than rolling over on the same information. That kind of honest review is exactly what comparison is for."
It might not always be standard home insurance that you need. The policy that's right for you will depend on whether you own, rent, or are a landlord for the property you're insuring.
