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Jobs That Can Save You Money on Auto Insurance

    3 minute read


    Everyone seems to be searching for their dream job. For many, it is about more than just making a nice salary. It is about perks such as having their own office, gourmet coffee service in the break room, a pool table in the recreation area, monthly complimentary chair massages, or a key to the executive washroom.

    Even if you have not yet found an employer who offers all of these goodies, there is still one perk you may be able to take advantage of wherever you are currently employed. What is the benefit in question? Cheaper auto insurance.

    One of the best-kept secrets in the world of auto insurance is employer-sponsored discounts. Here are five ways in which your occupation or where you work can result in significant savings on your car insurance premiums:

    5 Ways to Save On Your Auto Insurance

    1. Occupation-related discounts. This category provides discounts on what your actual job duties are as opposed to who signs your paychecks. Some insurers offer lower rates to people employed as firefighters, law enforcement personnel, physicians, registered nurses, engineers, scientists, and educators. These discounts are not necessarily motivated by altruism; research has shown that people with these occupations are statistically better drivers, and therefore, they present a lower risk to insurers.

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    2. Benefits programs management companies. Many companies, both large and small, prefer to outsource their benefits management tasks, which range from health insurance and pension investment plans to wellness and retirement initiatives. Companies hire outside firms to handle all of these time-intensive programs. Many outside benefits management companies offer reduced rate auto insurance as one of the provided benefits. This is how employees at educational institutions from Harvard in New England to the University of Arizona in the western hemisphere get auto insurance rate discounts.

    3. Subsidiary-related discounts. The whole idea behind reducing auto insurance rates is about sharing the risks of driving as much as possible. Therefore, the larger the pool of insured drivers, the lower the premiums may be for each individual. In this manner, corporations and conglomerates can pass on auto insurance savings to employees in every one of their subsidiary companies. For example, Berkshire-Hathaway helps workers at subsidiaries Fruit-Of-The-Loom and See’s Candies get access to discounted car insurance programs.

    4. Labor unions. Speaking of strength in numbers, labor unions were organized on that very premise when it came to dealing with companies concerning compensation and working conditions. Today, many groups that are affiliated with labor unions can leverage their strong membership into discounted car insurance for their members. Union Plus, a program which traces its origins back to the AFL-CIO, offers substantial premium savings to drivers who wear the union label.

    5. Public sector employees. State governments are among the largest employers in the nation, so it stands to reason that these workforces can band together to receive lower auto insurance rates. Idaho for example, offers insurance discounts not only to current state employees, but also to employee dependents and state retirees.

    So tomorrow when you go to work (or now, if you are already at work), check with your human resources manager or benefits liaison about possible auto insurance discounts you may be eligible for. You can also contact Auto Insurance Specialist to see about getting a free auto insurance quote that may be lower than your employee discount!

    Image credit #2 & #3: SIUE, paraflyer

    This content is offered for educational purposes only and does not represent contractual agreements. The definitions, terms and coverage’s in a given policy may be different than those suggested here and such policy will be governed by the language contained therein. No warranty or appropriateness for a specific purpose is expressed or implied.