Vertextra

If you’re planning to purchase insurance for your vehicle, property, health, or life, you may think that insurance coverage amounts are the same for everyone. But in reality, your job and wages sometime determine how much you’re supposed to pay to get yourself insurance.

Take a look at the following tips on how to get good insurance with affordable prices based on your occupation. Then, you can take full advantage of the benefits all types of insurance can offer you should anything untoward happen to you.

1. Save money when purchasing insurance by slightly tweaking your description of your current occupation. Choosing insurance may initially be a difficult choice for someone who has little to no idea at all as to why he or she needs it. Worse, your chosen provider might charge you what you feel is an absurdly expensive premium for insurance after you’ve told them about your occupation. Here are some tips:

• You should choose a job description that best represents your current occupation and can save you money on your insurance premium.
• The less fancy your job description is, the less expensive your insurance premium may be. For example, instead of “shop assistant,” you can describe your occupation as “sales assistant,” which is to some a less impressive title, so that you can perhaps save money come insurance premium payment time. Your insurance providers will have an idea of your general income based on your job description or title.
• You should be careful not to completely misrepresent yourself when negotiating with your provider, as they can charge you with fraud if you do so. Be honest.

Opt for insurance that charges different premium rates depending on your current high-risk occupation rather than settling for one with a flat rate. Insurance providers charge higher premium rates if they determine that a policyholder’s current line of work is high-risk. However, some insurance providers…