Occupation and Membership Discounts

In almost every state, liability auto insurance coverage is required by law. However, just because you need car insurance to drive legally doesn't mean you have to pay top dollar.

Conventional wisdom dictates that it pays to shop around for coverage, but merely collecting quotes isn't enough. To ensure you get the lowest possible rates, it's crucial to ensure you're getting all the discounts to which you are entitled.

Did you know that belonging to a certain occupation or organization may entitle you to significant savings? Learn more about car insurance discounts like these by reading on below.

Occupational Discounts

You can get discounts on auto insurance for things like having a safe driving record or having anti-theft devices installed in your vehicle. However, did you know you can save even more money with occupational discounts?

Depending on your occupation and your educational background, you may be entitled to discounts ranging from 5 to 30 percent.

Some insurance companies provide occupational discounts for drivers who are identified as working in low-risk professions. Statistics have shown those who work in certain fields tend to file relatively fewer car insurance claims, so insurance companies are willing to offer extra discounts.

Different companies have different lists of qualifying occupations, but some common examples include:

  • Scientists.
  • Pilots.
  • Engineers.
  • Medical professionals.
    • In certain states, RNs, dentists, chiropractors, surgeons, physicians, and physical and occupational therapists are entitled to discounts of anywhere from 15 to 20 percent.
  • Teachers and professors.
    • In some states, K-12 educators may receive discounts of up to 10 percent.
  • Certified public accountants.

The amount you can expect to save with an occupational discount varies depending on the insurance provider's specific policies.

Additionally, if you hold a degree in a certain field, you may be entitled to auto insurance discounts, even if you don't work in the field in question. The types of degrees that qualify for discounts largely coincide with the types of careers highlighted above.

Membership & Affiliation Discounts

Most car insurance providers offer car insurance discounts to drivers who belong to certain organizations, known as membership discounts, affiliation discounts or affinity discounts. These discounts can save you anywhere from 5 to 30 percent on your premiums. Currently, about half of the 10 largest insurance providers offer affinity discounts of at least 5 percent.

Many times, these types of discounts fly under drivers' radars, but some are better known.

Some of the largest insurance companies offer discounts for as many as 300 different clubs, organizations and associations. These vary widely, but some common examples include:

  • Military.
    • For retired and active-duty military members as well as their spouses and children.
    • Some providers offer extra discounts for soldiers who are deployed in areas that qualify for imminent danger pay.
  • Auto clubs.
  • Credit unions.
  • Labor unions.
    • Some companies may offer insurance premium deferments for strikes and even grants for extras like driver's education classes.
  • Fraternities and sororities.
  • Vocational groups.
  • Alumni associations.
  • Professional organizations.

Asking for Membership and Occupational Discounts

Though auto insurance companies dig deeply into your personal information, they usually won't go out of their way to identify the discounts to which you're entitled. In other words, auto insurance providers aren't going to research your occupation and affiliations to see if any discounts apply.

The only way to ensure you get every discount to which you are entitled is by asking your insurance provider for a complete list of available discounts. Remember, not all companies offer the same discounts. If you have an affiliation or occupation that you believe qualifies for a discount but your current provider doesn't offer one, it could be time to shop around for a different insurance company.

By taking a proactive approach and identifying occupational and membership insurance discounts that apply to you, you may be able to slash your car insurance costs significantly. It takes a little extra work, but the payoff is well worth it.