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Your MONEY: Play the Name Game and Save Big Money ; CASHPOINT

Jun 28, 2007

By John Husband

A CREATIVE job description can cut your car insurance by a third, but be careful - get it wrong and the price goes up.

Insurers raise premiums if they think your job makes you a bigger risk, so altering your job title can save you money.

A barrister, for example, would pay pounds 459 to insure a Fiat Brava. Say you're a lawyer and it drops pounds 83 to pounds 376.

A bricklayer may be charged pounds 321 but call yourself a builder and the premium jumps to pounds 374.

These are the findings of a survey by car insurance website Spokeswoman Jennifer Rose says: "You break the law if you lie about what you do.

"But there's nothing wrong with checking whether a different title for the same job will save you money." It's easy to do that online. But you can discuss alternative descriptions when you're talking to a broker or call centre.

Your job title doesn't only affect car insurance. It makes an even bigger difference to an income protection policy.

One paying out pounds 250 a week while you're off work through illness or injury might cost pounds 16 a month if you say you work in an office.

But if you're in a profession, such as painting and decorating that is seen as being injury-prone it could cost as much as pounds 48.

(c) 2007 Daily Mirror. Provided by ProQuest Information and Learning. All rights Reserved.

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