Once upon a time, I was an advisor at a university. I often asked bright-eyed, bushy-tailed young college students what they wanted to be when they grew up. The answers often surprised, inspired, and amused me. I met people wanting to be sanitation engineers (the pay is incredible, by the way) and people wanting to be the next poet laureate. My next question was always, “Ok, why do you want to be a fill-in-the-blank?” I got quite the gamut of answers once again, but one thing I never heard was, “Oh, you know, I want to be a speech therapist to get a discount on car insurance.”
However, if you are a speech therapist or another kind of professional, you may indeed qualify for lower car insurance.
Finally, some good news! We’ll give you all the details below.
What Are Occupation-Related Discounts?
For some car insurance companies, certain professions represent a lower risk than others. This means that some companies see certain professionals as statistically less likely to be involved in an accident requiring a high payout. In return for proving yourself statistically less risky as a human being (and therefore presumably as a driver), your insurance carrier may well reward you with occupational discounts. Though companies differ, common professions eligible for discounts include:
- Teachers and professors
- First responders (EMTs, police officers, firefighters)
- Certified Public Accountants
What If I Have a Degree (But Not a Career) in One of These Professions?
Not a pilot, nurse, or scientist? Well, do you have a nursing degree even though you became a poet? Do you have a degree in accounting even though you became an orchestral trombonist? If you hold a degree in an approved field, you may also qualify for a discount despite working in another field.
Why Do Some Professionals Get Discounts?
We hinted at this earlier. Insurance companies are in the risk prediction business. Statistically, people who enter certain professions are less likely to have accidents. They are statistically more likely to be safer drivers. This is calculated based on how many claims are made by people who work in a specific field.
Not all insurance companies are the same, which means they won’t offer the same discounts. They also may not offer the same discounts to the same professions or calculate risk the same way.
How will you know? Ask your insurance provider if occupational discounts are available to you!
I’m Not a Professional nor Do I Hold a Degree in a Qualifying Profession. Am I Out of Luck?
Not necessarily. It may be that your professional or personal club memberships qualify you for car insurance discounts. You may be able to obtain a discount if you’re a member of:
- A credit union
- An alumni association
- A sorority/fraternity/other school/student group
- A professional organization
- An auto clubs
- The military
It may also be that your employer or union offers insurance discounts for members. These benefits can also extend to grants for driver education classes and premium deferment during lockouts, so be sure to ask about such benefits!