Car Insurance Discounts for Healthcare Workers

Your occupation is one of the many things that insurance companies consider when determining your risk, and research suggests that healthcare workers are less likely to speed, drive drunk, and make claims. They are also in a higher income bracket, and statistically, that makes them even less likely to claim.

However, there are several factors at play here, and simply being a nurse, doctor, or surgeon doesn’t automatically qualify you for sizable savings.

What is the Average Cost of Car Insurance?

The average price of car insurance in the United States falls somewhere between $1,400 and $1,500, but this is just the average. It doesn’t mean you’re being robbed if you pay more or that you’re getting a great deal if you pay less.

If you’re under the age of 20 or you have a recent at-fault claim, it’s unlikely that you’ll get anywhere near this. Unless you’re a race car driver, your age, driving record, and even the type of car you drive has more of an impact on your premiums.

How Much do Healthcare Workers Pay on Their Car Insurance?

As a healthcare worker, you could save up to 15% more than the average member of the public, but as noted above, this doesn’t apply in all cases. You need to shop around, see which insurers offer you the best price, and secure whatever other discounts are available to you. 

For instance, you’ll save even more if you drive a vehicle with safety features and anti-theft features, such as airbags and anti-lock brakes, and will also be offered sizable discounts for completing defensive driving courses and joining telematics programs.

What you Need to Know About Healthcare Car Insurance Discounts

Before you search for car insurance discounts, consider the following:

COVID-19 Savings

COVID-19 has dramatically altered the consumer landscape and changed the way we shop, travel, and interact. Insurance companies have dealt with huge losses and massive uncertainty during this time, but American consumers have been hit even harder, with millions losing their jobs and their livelihood.

To provide some much-needed assistance, insurers have been offering discounts, cashback, and other deals. Many of these are targeted at the general population but others have focused specifically on first responders, doctors, nurses, and members of law enforcement.

They have been the frontline in the fight against the pandemic and are being rewarded for their tireless efforts. Even manufacturers have stepped in to help, with discounts and financing offers available.

Types of Car Insurance

There is no single type of car insurance. The type of coverage you need will depend on everything from your vehicle to your budget and location.

In most states, you are required to have a minimum amount of liability coverage, including property and bodily injury. If you stick with the minimums, you’ll pay much less, but it’s not a viable option if you’re driving a new and expensive car.

What happens if you hit a rail, tree, or animal? What happens if your car is vandalized? Liability coverage only applies to the other driver and property, and unless that tree has extensive liability coverage, you can’t make a claim!

Opting for minimum-only insurance makes perfect sense when you’re driving a vehicle worth just a few grand. If you’re involved in an at-fault accident, you can pay for the damage yourself or scrap your car. Even if you had full coverage insurance, you would still need to pay a deductible, and so you likely wouldn’t save much. 

Personal Injury and Property Loss

Your health insurance and homeowner’s insurance could step in to help when you’re involved in an accident. With the former, you’ll be covered for medical expenses, and with the latter, you will be covered for personal property stolen outside of the home. 

If you don’t have home insurance or medical insurance, look into Medical Payments, Personal Injury Protection (PIP), and Personal Items cover. That way, you’ll be covered if expensive medical equipment is stolen from your car or you suffer a serious injury.