Jobs are an important part of most people’s life. They pay the bills, put a roof over your head, and maybe even give you a sense of purpose. But your job may also be able to get you a discount on your car insurance rates.
Many insurers will reward you for working certain types of jobs. These jobs are often professional. This includes attorneys, first responders, and educators. Some insurers will give a special discount for working a job. Other companies might just lower your rates because of your specific profession.
In this article, you’ll learn all about how your job can help lower your insurance rates. This includes a breakdown of how the discount works. We’ll tell you about all the types of jobs that may count for this discount. You’ll also learn about who offers a discount for certain professions.
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How the Professional Discount Works
Insurance companies provide many discounts that can help you lower your rates. Discounts are a great way to pay less for car insurance. Most people can qualify for some sort of insurance discount. These discounts will take a percentage off of your insurance. The exact amount of savings depends on the discount and insurer.
Like other discounts, some insurers offer a professional discount. This caters to people who work certain jobs. You’ll only receive this discount if you work the right type of job. Insurance companies offer discounts to these people because they tend to file fewer claims than others.
Keep in mind that only some insurance companies offer this as an actual discount. Other insurers might simply lower your rates because of your education level. The higher your education level, the less you’ll usually pay for insurance. Providers may also lower your rates because of details that your job says about you, like how far you commute or the industry you work in.
Professional vs. Employee Discount
It can be easy to mix up the professional and employee discounts. They both seem fairly similar. Both discounts are for people who work a job, after all. But the two discounts are actually different in many ways.
Professional discounts are for people who work a certain type of job. These are people who work in specialized fields or positions. Insurers reward these people with a discount. They may also offer benefits to you or lower your rates because of something related to your job. This could be due to:
- Length of commute
- Education level
- Employee affiliation
Employee discounts are affiliation-based. This means that you could get a discount just for being a part of a certain company or group. These companies usually have a deal with your insurer to hand out discounts. An example of this is a government employee discount. Federal government employees can receive a discount because of their job.
The two differ because professional discounts give you a discount for the type of job you work. Employee discounts, on the other hand, give you a discount because of the company you work for. But both discounts can overlap. For instance, if you’re a teacher and work for the government, you can get both discounts.
Which Jobs Can Get You a Discount
Not all types of jobs can help you get a discount. Some fields are more beneficial to work in than others in terms of car insurance. Here are the fields that can land you some nice car insurance benefits:
Many insurers provide benefits to people who work in the education field. Teachers can especially receive discounts from insurers. But not all insurers will just give you a flat discount off of your rates. Often, teachers will need a master’s degree to enter the field. This high education level can help you get a discount as well.
Liberty Mutual also offers a special program for teachers. It provides extra benefits, such as protection from vandalism when your car is on campus. It also offers coverage for stolen school materials from your car.
Service members are eligible for a lot of insurance benefits. First, they can qualify for the military discount with many insurers. This would knock a large amount off of your rates. You can also take advantage of companies like USAA, which only provide insurance for military members and their families.
If you work in the medical field, you may be able to receive discounts on your car insurance. To reach this type of job, you usually need a high level of education. This can pay off in the form of a discount or lower rates. Other insurers may also provide discounts for medical professionals, such as:
- Registered nurses
- Occupational therapists
You should check with your agent if you work in any one of these jobs. Chances are that you can qualify for a discount. Oftentimes, this discount can be pretty large. For example, Farmers Insurance offers a discount of up to 15% for medical professionals.
First Responders and Emergency Services
You may be able to get a discount if you’re a first responder. Firefighters, police, and EMTs are all positions that fit into this category. It’s common for people in these jobs to live close to their work. Because of this, they may have a smaller commute and less yearly mileage. Insurers will give you a discount if this is the case.
Some insurers may also offer you a discount if you work as a first responder. Though, this might be rare. It’s worth asking your agent if your carrier has some type of discount like this.
Scientists and Engineers
People who work in science or engineering roles may be eligible for a discount of some sort. These types of people usually work hard to achieve a high level of education. Insurance companies may lower your rates because of this. Some insurers will also give you an employee discount because of where you work.
Which Companies Give You a Discount for Your Job
Not all companies will give you a discount because of your job. Each insurer will also likely run their discount program a little differently than the next. Here are some of the top insurers that offer some sort of job-related discount (may also include lower rates because of your job):
Note: these may not be the only insurance companies that offer discounts for working in a specific field. The professional discount is a broad term and can apply to actual benefits or simply a lowering in your rates. Be sure to speak with your agent or compare insurance quotes to find out which discounts you may qualify for.
Frequently Asked Questions
Q: Why do insurers ask me about my occupation?
A: Insurers may ask you about where you work or what you do when you sign up. This is so they can know more about you and your potential for filing claims. Jobs speak to a certain education level and can also tell insurers about how far you commute. Your occupation can also get you a discount in some situations.
Q: Can my college degree get me a discount?
A: In many cases, your level of education can help you get a discount on car insurance. Many insurers give out discounts to those with degrees in certain fields. They may also simply lower your rates because of your education.