There are over 1.6 million engineers in the United States, the bulk of which work as civil, mechanical, and industrial engineers. These problem solvers are highly-qualified high-earners, and as a result, they could secure some sizable discounts when applying for car insurance.
In this guide, we’ll discuss potential car insurance discounts for engineers and see how much they should expect to pay for their premiums.
How Much do Engineers Pay for Car Insurance?
Insurance is based on risk and a lot of your risk stems from your work. Drivers with long commutes, irregular hours, and high-stress professions will be charged higher rates. For example, a high-pressure lawyer who travels long distances will pay much more than a freelance designer or writer who works from home.
Income also comes into it. High earners tend to cover many small expenses and are more cautious of increasing their premiums, whereas low-income earners don’t have the means to pay those costs and will rely on their insurance company.
So, where do engineers come in?
Well, engineers generally don’t need to travel long distances and they don’t have extensive commutes. Of course, there are exceptions. You may have a particularly long commute and you may be required to visit multiple locations across the country.
Keep in mind we’re talking about averages here, and on average, commutes are short, and travel is limited. Engineers also earn an average of over $90,000. It’s a pretty broad profession, so salaries can differ considerably, but they are usually much higher than the national average.
Car Insurance Discounts for Engineers
Occupation-based discounts and benefits are typically reserved for those in the military, healthcare, and education professions, and there are no specific discounts for engineers. However, engineers can benefit from other car insurance discounts, including all of the following:
- Multi-Policy Discounts: Purchasing home insurance, renters insurance, or life insurance from the same provider.
- Multi-Car Discounts: Adding more than one vehicle to the same policy.
- Payment Discounts: Provided to policyholders who pay upfront, go paperless, or select auto-pay.
- Car Features: Available in most states, these discounts reduce policy costs for cars with anti-theft features and safety features, including anti-lock brakes and airbags.
You could also save on your car insurance by increasing your deductible and reducing your coverage. For instance, if you drive an older and cheaper car, you may not need comprehensive coverage and collision coverage. Speak with your insurance agent, compare quotes, and don’t accept the first seemingly decent offer that comes along.