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Car insurance for medical professionals
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Best car insurance for medical professionals
Working in health care comes with unique challenges that your insurance company may help to address. The following list outlines several top-rated insurance providers that might offer car insurance discounts for healthc are workers, along with the average cost of coverage from each company.
| Car insurance company | Medical professional discount? | Average annual full coverage premium |
|---|---|---|
| Farmers | ✔ | $3,403 |
| Liberty Mutual | ✔ | N/A |
| Geico | ✔ | $2,107 |
| Travelers | ✔ | $1,996 |
| California Casualty | ✔ | $2,372 |
Farmers offers a wide range of coverage options, including specialty ones such as new car replacement and accident forgiveness. In addition to discounts for medical professionals, there are discounts for paying in full or being a homeowner. Farmers also scores above average among carriers in the 2023 J.D. Power U.S. Auto Claims Satisfaction Study, earning 878 out of 1,000 points. Another feature is the Farmers Signal program, which is a usage-based telematics program where you can earn additional discounts based on your driving habits. However, the program may not be available in all states.
Geico offers a robust list of discounts, including some discounts for members of professional medical associations such as the American Academy of Audiology and American Psychological Association. There are also discounts for safety equipment, good driver discounts and a discount for bundling your auto insurance with homeowners, renters or condo coverage. Geico also has a highly-rated mobile app that lets you manage your policy via your smartphone, and you can report and track a claim online or make payments and add a vehicle to your policy. However, Geico does not offer a large list of endorsements, so opportunities to customize your policy may be more limited.
Liberty Mutual partners with employers and professional organizations to offer discounts to their employees, including some medical facilities, so it may benefit you to check with your employer to see if you could be eligible for a discount through this type of partnership. In addition, Liberty Mutual offers a standard range of coverage options and a generous list of discounts, including a claims-free discount, digital payment discount and more. It also offers several unique add-ons, such as a lifetime repair guarantee if you use an insurer-approved shop for repairs. It’s worth noting, though, that Liberty Mutual scored well below average in the J.D. Power Auto Claims Satisfaction Study and has a higher-than-average customer complaint rating with the NAIC.
Travelers offers the range of coverage choices you would expect from a carrier, but it does have some less common options too, such as gap insurance and discounts for hybrid and electric vehicles. Its A++ (Superior) rating from AM Best highlights the historical financial strength of the provider in its ability to pay out claims. However, Travelers historically receives lower ratings for customer satisfaction through third parties like J.D. Power and the NAIC complaint index.
California Casualty sells policies in every state except Alaska, Hawaii, Massachusetts, Michigan, New York and Wisconsin. It is focused on car insurance for health care workers and first responders, including police and firefighters. For example, the company offers deductible waivers to nurses, which can save you money if you’re involved in an at-fault accident. In addition, it offers other types of standard discount options, including a mature driver discount and a discount for college graduates.
Does education and occupation affect car insurance rates?
Some auto insurance companies do use education and occupation as a way to assess risk for a driver, but these factors typically have a low impact on insurance costs compared to key rating factors like age, driving history and credit. Some states, such as California, Massachusetts, New York and Michigan, have outlawed the use of education and occupation information in car insurance pricing.
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Compare auto insurance rates
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Ways to save on car insurance as a medical professional
Medical professionals have options to help further save on auto insurance premiums. In addition to discounts, there are other tactics for savings such as:
- Keep a low annual mileage: The less you drive, the less likely you are to get in an accident. Carpooling, opting for public transit or taking a bike to work can all reduce your annual mileage and unlock potential discounts.
- Bundle policies: Purchasing your auto insurance policy from the same insurance provider as your home, renters or condo insurance could provide more savings. Most providers offer a significant discount for bundling.
- Comparison shop: Comparison shopping is an effective way to spot potential savings. Because every insurance company uses a different algorithm to calculate rates, you could be eligible for significantly lower or higher premiums from one carrier over another.
- Try usage-based insurance: Telematics, or usage-based insurance programs, may allow you to qualify for lower rates based on your driving habits. These devices monitor your driving habits and could help lower your rates if you meet certain criteria — but if you work the night shift, keep in mind that many telematics apps consider late-night driving an unsafe habit.
- Review your coverage regularly: Many drivers choose coverage for their auto policy once and then forget to regularly review it. As your life circumstances and driving habits change over time, it’s important to regularly review your policy and adjust where necessary. Doing so could result in spending less on your policy.
Frequently asked questions
Methodology
Bankrate utilizes Quadrant Information Services to analyze November 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a single, 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2022 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.
