Auto Insurance for PhDs (Rates & Discounts)

The best car insurance as a recent college graduate with a Ph.D. may have lower rates thanks to discounts on Ph.D. auto insurance. Insurance companies include college degrees in the factors they consider signs of responsibility, making you lower risk to insure. If you’re looking for the best Ph.D. auto insurance for college graduates, you should shop around for companies that offer further education discounts.

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Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insurance...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Apr 19, 2021

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What You Should Know

  • Many insurance companies use education as a factor when determining your perceived risk as an insured
  • With a Ph.D., you may find you qualify for lower insurance rates
  • The best car insurance for college graduates includes discounts for further education

If you have a Ph.D., you may qualify for lower insurance rates. Why? Understanding auto insurance can help explain how factors like your education can affect your rates. So what do you need to know about shopping for Ph.D. auto insurance? Read this article to find out.

Ready to shop for affordable Ph.D. auto insurance? Before we get started, use your ZIP code in the free tool on this page to start comparing Ph.D. auto insurance rates today.

Does having a Ph.D. affect auto insurance rates?

If you have a Ph.D., you could qualify for lower insurance rates and discounts based on your education level and sometimes the job you can obtain with your degree. While you’re still in school, you may also qualify for some student discounts.

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Why does your education impact your auto insurance?

An advanced degree like a Ph.D. can mean lower insurance rates because insurance companies see this as a sign that you’re a responsible person and, therefore, a responsible driver who is lower risk to insure.

As we noted earlier, in addition to lower rates, you may also qualify for discounts for further education (we’ve listed some of the companies that offer this in the following table) as well as other discounts for your occupation, good driver discounts, and more.

Auto Insurance Companies with Higher Education Discounts
Insurance CompaniesPercent Discount
AmeripriseNot Available
AmicaNot Available
Esurance15%
GEICONot Available
Liberty Mutual10%
Nationwide15%
SafecoNot Available
The GeneralNot Available
The HanoverNot Available
TravelersNot Available
USAANot Available
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Because by some, it is perceived as potentially discriminatory, offering lower rates based on education level is a controversial practice and is prohibited in states like California. In the same vein, occupation-based discounts are also somewhat controversial, and the California Department of Insurance is trying to change insurance laws to prohibit this.

When you’ve completed your doctoral program and officially have your Ph.D., it’s a good idea to shop around and compare insurance rates to make sure you’re still getting the most affordable coverage.

Auto Insurance for Ph.Ds: The Bottom Line

With a Ph.D., you may find that car insurance for recent college graduates is cheaper than without a college degree because insurance companies often consider higher education a sign of personal responsibility.

The best car insurance for recent college graduates may also include discounts for further education and other discounts, so make sure to ask about what you may qualify for.

When you’re looking to buy Ph.D. auto insurance, the best thing to do is shop around. Use your ZIP code in our free tool to start comparing Ph.D. auto insurance quotes right now.

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