All About Occupational Discounts for Auto Insurance

Learning about occupational discounts for auto insurance could save you, over time, hundreds of dollars on your insurance premiums. If you fall into the right category, then you may be able to receive a discount on what it costs to cover you. However, depending on the occupation in which you work, your career could work against you.

The occupational discount explained

Insurance companies have been offering discounts on auto insurance coverage for a number of different reasons. Among them are reduced rates for good driving, experienced driving, and owning a vehicle that has a high safety rating and safety features. Many insurance providers are now offering the occupational discount.

Insurance companies like Farmers Insurance Group, Allied, and Esurance now offer discounted rates for police officers, firefighters, registered nurses, scientists, engineers, physicians or surgeons. Depending on the state in which you live, you could receive a discount of up to 30% on your annual premium.

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Why certain occupations don't qualify for auto insurance discounts

An insurance provider that offers this discount will be able to inform you all about occupational discounts for auto insurance. Usually, if they offer this discount, it is only offered to professionals who give back to society like police officers or occupations that require an advanced degree, such as a professor. Occupations that put a person at a high risk of being involved in an accident (think movie actor who could be chased at high speeds by the paparazzi) wouldn't be covered.

The following are the results of a study that followed more than one million motorists over a 22-month period. The study set out to show which occupations were most accident-prone. The lower the score, the lower risk that occupation has of getting in an auto accident. Chances are, if you're in the bottom four (Politician, Pilot, Fireman, or Farmer), then you might be able to negotiate an occupational discount from your auto insurance provider.

• Student - 152
• Medical Doctor - 109
• Lawyer - 106
• Architect - 105
• Politician - 76
• Pilot - 75
• Fireman - 67
• Farmer - 43

It may be a financial benefit to you to learn all about occupational discounts for auto insurance. Request a free quote right here to get started.