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College Degrees Save Money on Car Insurance

cg-3Earning a college degree will save you money on car insurance.  Studies show that over a lifetime, a college graduate will pay considerably less than a high school drop-out for their car insurance.

Your choice of degree, and occupation can also earn you a discount on your auto premium.  Scientist, engineers, physicians and teachers are offered discounts, usually 10-15%, by some auto insurers.  There are also some insurance carriers that offer affinity programs with specific schools and professional associations.

Even if you didn’t finish college or earn a professional degree in a preferred occupation, you can still drive smart and save money.

The Good Driver discount is how insurance companies reward drivers with a consistent record of safe driving.  To earn the discount, you need five years with no violations or accidents.

Completing a Defensive Driver Course is another way to earn a discount for being a smart driver.  Discounts range from 5 -15% for successful completion of a program.  The courses are available online, so you can earn the discount without leaving home.

80% of All Drivers Overpay for Insurance. Do You? Start Saving Now. If it’s been decades since you first took Drivers Ed, you might want to consider a refresher course.  There are driver safety courses designed for drivers over 50.  In addition to reducing your risk of an accident, you may qualify for a discount.

Here are some other ways to drive smart, avoid accidents and save money on car insurance. Follow these tips and you enjoy a drive with less stress, arrive early and spend less money on insurance, gas and auto maintenance:

  • Always allow plenty of time to reach your destination.  Many accidents result from drivers who are in a hurry.
  • Beware of following too close.  Leave enough distance from the car in front of you to avoid an accident if they stop suddenly
  • Limit distractions such as cell phones, eating, and conversation with other passengers, particularly when you are in heavy traffic and other situations where you need to focus intently.
  • Drive less – carpool, walk more and think of other ways to lower the mileage you drive.   That way, you’ll qualify for a lower rate on your insurance, spend less for gas and auto maintenance and may even lose weight and otherwise improve your health.
  • Don’t be an angry driver.  Behaviors like speeding, rapid lane changes, hitting the brakes hard and taking off suddenly increase the risk of an accident, lower fuel efficiency and increase maintenance costs.