Car Insurance, Risk And Engineers
While there are many good reasons to become a chartered engineer- cheaper car insurance is not one of them
Another year, another artificially inflated car insurance quote, another annoying evening spent searching out a reasonable premium. But this year there was a silver lining to my annual frustration; I discovered a site that essentially reveals just how risky insurers feel the various employments are behind the wheel, which is an answer that begs a question if ever I saw one.
So as a fun exercise I decided to take a look how car insurance brokers rate us civil engineers against our counter parts and colleagues:
Interestingly, we are the lowest insurance risk of almost every other field of engineering (exluding computing); although quantity surveyors win out within construction- getting a premium reduction of 1.5%. To put that into perspective, the lowest premium I could find was for police officers, who enjoy a whopping 7.2% off their car insurance compared to us civil engineers. It also turns out that, while there are many good reasons to become a chartered engineer- cheaper car insurance is not one of them (with no premium reduction for us unchartered civil engineers!).
So next time you car insurance needs renewing- why not consider a stint as a quantity surveyor?