Car Insurance for Pharmacists

Auto insurance companies aren’t exactly searching the insurance market for pharmacists, but because of several factors, they’re still fairly likable candidates. Because of their higher levels of education, insurance companies see pharmacists as less likely to take risks while driving. Still, the savings are fairly minimal — in 2016, those with higher levels of education saved about $36 per year. With that figure in mind, let’s explore some companies that offer savings for pharmacists as well as some other ways to save on auto insurance.

Based on yearly collected data, car insurance companies like to insure individuals with occupations that require higher levels of education, such as pharmacists, because of the statistical correlation between safer driving and post-high-school level education. While the discount savings can range, you shouldn’t expect this discount to drastically alter your premium. For that, we have some other suggestions.

Car insurance is the second greatest expense of owning a car — after the original purchase, of course. And as we stated, the amount of savings you can receive with a profession based discount can vary and is also not consistent across every state. So, let’s explore some other ways to save on auto insurance.

Telematics is a part of the new trend of “insuretech.” Basically, telematics are plug-in devices that monitor the way you drive in order to more accurately predict what kind of client you will be. Driving cautiously will reward you with a lower premium, especially if other rating factors (like age and location) are against you. The amount you save will depend on how you perform after a preliminary monitoring period and the company you chose. Here are some examples.

Not available in every state.

Keeping all you insurable interests within one company can help you receive a multi-policy discount. The more policies you bundle, the more you can save!

This one is pretty obvious, but it should be noted how at-fault accidents or tickets can negatively impact your premium. You will not only be rated (i.e., charged) for 3 years (depending on your state and the accident), but you will be ineligible for discounts like the Safe or Good Driver.

Use caution when determining if you should file a collision claim. These claims are usually deemed as an at-fault claim and, as you can see above, can have major impacts on your premium. Consider if the amount of money you would pay for the accident (estimated claims minus your deductible) is less than what you should additional pay for your accident on your premium.

Unfortunately for us, our beloved 2005 Honda Civics (as do all cars) begin to lose their value over time. In terms of auto insurance, this means that the coverage you originally had on your aged vehicle might no longer be necessary. Follow our simple steps to determine if could save money by removing your comprehensive or collision coverage.

If you’re able to pay your insurance premium up front or with your bank account (electronic funds transfer), you could skip pesky transactional fees!

If you’ve examined every cost-cutting solution possible and are still paying too much for car insurance, consider that maybe you’re not with the right insurance company. By looking at as many companies as possible, you can make sure you’re getting the best rate out there. Only with The Zebra can you shop 200 companies at once. Get started today.