LOS ANGELES, CA / ACCESSWIRE / October 14, 2020 / Compare-autoinsurance.org (https://compare-autoinsurance.org) has launched a new guide that explains how a policyholder's education level influences the cost of car insurance.
Car insurance companies are analyzing multiple factors before offering coverage to someone. The education level is among the factors that are analyzed. Many studies show that drivers with an advanced degree are less likely to file car insurance claims. Individual states tried to ban this practice, but they were unsuccessful.
Drivers who want to obtain cheaper car insurance based on their education level should consider the following:
- Obtain cheaper car insurance rates with a degree. Many car insurance providers are using the education level as a factor to determine rates. Some providers do not. Drivers who don't have a degree should search for an insurance company that doesn't offer discounts to drivers who have a degree.
- Get cheaper premiums with the help of a degree. Depending on their education level, drivers with a degree can save hundreds of dollars each year on car insurance. A high school diploma can help drivers save an average of $300 per year. Drivers who have a bachelor's degree will pay about $300 less on insurance than those who only have a high-school diploma. However, the insurance savings will start to decline as drivers get more degrees. For example, a driver with a Ph.D. will pay only $30 less than a driver with a master's degree.
- Consider student and alumni discounts. High school and college students who are under 25 and obtain good grades can obtain a discount that is between 5% and 15%. Many car insurance companies are offering discounts to students who are living away from home during the school year. To obtain certain discounts to their graduates, alumni groups are partnering with car insurance companies. Also, drivers who got a job based on their degree can obtain a professional discount. For example, doctors who graduated from a medical school are entitled to a significant discount.
For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.org
Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
"Despite criticism, many car insurance companies are using education level as a factor to determine a driver's car insurance premiums. Luckily, there are some methods to get cheaper car insurance rates without having a degree", said Russell Rabichev, Marketing Director of Internet Marketing Company.
SOURCE: Internet Marketing Company