Affordable Auto Insurance Quotes for PhDs (2024)
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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Zach Fagiano
Licensed Insurance Broker
Zach Fagiano has been in the insurance industry for over 10 years, specializing in property and casualty and risk management consulting. He started out specializing in small businesses and moved up to large commercial real estate risks. During that time, he acquired property & casualty, life & health, and surplus lines brokers licenses. He’s now the Senior Vice President overseeing globa...
Licensed Insurance Broker
UPDATED: Dec 15, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Dec 15, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- 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.
Read more: Affordable Auto Insurance Quotes for Master’s Degree Holders
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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.
| Insurance Companies | Percent Discount |
|---|---|
| Ameriprise | Not Available |
| Amica | Not Available |
| Esurance | 15% |
| Geico | Not Available |
| Liberty Mutual | 10% |
| Nationwide | 15% |
| Safeco | Not Available |
| The General | Not Available |
| The Hanover | Not Available |
| Travelers | Not Available |
| USAA | Not Available |
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.
Read more:
- Affordable Auto Insurance Quotes for Disabled Veterans
- Affordable Auto Insurance Quotes For Administrators
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.
Frequently Asked Questions
Does having a Ph.D. affect auto insurance rates?
Yes, having a Ph.D. can qualify you for lower rates and discounts because it shows responsibility.
Why does education impact auto insurance?
Insurance companies see higher education as a sign of responsibility, making you a lower risk to insure.
Are education-based discounts controversial?
Yes, offering lower rates based on education level is controversial and prohibited in some states.
What should I consider when buying Ph.D. auto insurance?
Compare quotes from different companies and ask about discounts for education and occupation.
What should I do after completing my Ph.D. program?
Shop around and compare insurance rates to ensure you’re getting the most affordable coverage.
Compare over 200 auto insurance companies at once!
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Zach Fagiano
Licensed Insurance Broker
Zach Fagiano has been in the insurance industry for over 10 years, specializing in property and casualty and risk management consulting. He started out specializing in small businesses and moved up to large commercial real estate risks. During that time, he acquired property & casualty, life & health, and surplus lines brokers licenses. He’s now the Senior Vice President overseeing globa...
Licensed Insurance Broker
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.