One study found that the average smoker paid 56% more than a non-smoker. The study was based on nine of the UK’s top insurance companies and examined the premiums quoted for two men aged 30 asking for £100,000 cover over 25 years. The only difference between the application details was that one was a smoker and the other wasn’t.
Whether this is fair or not is a matter of opinion. From the point of view of the insurer, the issue is simple; smoking increases the risk of someone developing certain types of cancer and serious illnesses. If there is a potential risk, it will be factored into your premium.
Giving up smoking can reduce a person’s premium, although, to qualify as a non-smoker, most insurance companies insist
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