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Car insurance for medical professionals
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Whether you’re a nurse, doctor, physician’s assistant, medical assistant or another type of medical professional, chances are good that you, like almost every other driver, would prefer not to overspend on your car insurance. But the good news is that, as a medical professional, you may not have to bust your budget to pay for car insurance coverage. There are car insurance companies that offer unique discounts to medical professionals, and if you qualify for one, it may cut down on the cost of your car insurance. While not all insurance providers offer specific discounts for those in healthcare, there are numerous car insurance companies that offer robust coverage options and earn high customer service marks that may also be worth considering.
Best car insurance for medical professionals
Medical professionals may be looking for insurance providers offering numerous coverage options, as well as discounts specifically for healthcare professionals. The following list outlines several insurance providers that might not only offer these discounts, but also score highly on the 2022 J.D. Power Auto Claims Satisfaction Study and demonstrate reliable financial strength through the AM Best ratings.
|Car insurance company||Medical professional discount?||Average annual full coverage premium|
Does education and occupation affect car insurance rates?
If a provider does factor education and occupation in setting car insurance rates, it is likely not a significant influencer. The most important factors will be your state, how much you drive your vehicle, your driving record and your age (except in Hawaii). Some auto insurance companies do use education and occupation as a way to assess risk for a driver, but the impact is low. Some states, such as California, Massachusetts, New York, and Michigan, have made this against the law.
Ways to save on car insurance as a medical professional
Medical professionals have options to help further save on auto insurance premiums. In addition to discounts, there are other tactics for savings such as:
- Keep a low annual mileage. Premiums are based on many factors, but the amount of miles you drive each year is one of them. By keeping mileage low, your risk of an accident reduces, which in turn may lower premiums.
- Bundle policies. Purchasing your auto insurance policy from the same insurance provider as your home, renters or condo insurance could provide more savings. Most providers offer a significant discount for bundling.
- Comparison shop. Comparison shopping is an effective way to spot potential savings. When you receive quotes from several providers, you can clearly see which carrier offers the best coverage options for the least amount of money. Remember that in addition to cost it may benefit you to consider other factors, such as customer service, when assessing insurers .
- Try usage-based insurance. Telematics, or usage-based insurance programs, may allow you to qualify for lower rates based on your driving habits. These devices monitor your driving habits and could help lower your rates if you meet certain criteria.
- Review coverages regularly. Many drivers choose coverage for their auto policy once and then forget to regularly review it. As your life circumstances and driving habits change over time, it’s important to regularly review your policy and adjust where necessary. Doing so could result in spending less on your policy.
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible