Why do some jobs get insurance discounts and others don't?

A friend of mine gets a discount based on their occupation, but I don’t, and we are with the same company. How is that fair?

Feb 25, 2017 Frankfort, KY

Neil Richardson

Feb 25, 2017

Insurance companies analyze a lot of information to better forecast risk (customers). This basically means that they try to determine how likely it is that a person will file a claim and charge that customer accordingly. Companies have found that drivers with higher levels of education and certain jobs are less likely to file a claim and offer a discount for being in a lower risk category. Each company rates drivers a bit differently so it may be time to consider shopping around for a new insurance company.

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