Finance Professional Auto Insurance Rates

Finance professional auto insurance rates are $101.10/mo. Increased stress levels of the job indicate more risk of car accidents, leaving finance professional auto insurance rates to be more costly than most.

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A former insurance producer, Laura understands that education is key when it comes to buying insurance. She has happily dedicated many hours to helping her clients understand how the insurance marketplace works so they can find the best car, home, and life insurance products for their needs.

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: May 18, 2020

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Here's what you need to know...

  • Because of the stress involved in a financial career, car insurance rates are higher than average for finance professionals
  • Risk management advisors combine years of data and determine a client’s risk to an insurance company
  • Using a rate quote tool can help you find several car insurance rates to compare in a short period of time with no pressure

The insurance rates for people in careers with a focus on finance and/or insurance is proof positive that simply because someone has a college degree doesn’t mean that they are going to get the lowest rates for their auto insurance.

The national average insurance rates for these groups of professionals is $1,213.17 annually.

Enter your ZIP code above to get savings on your auto insurance by comparing auto insurance rates.

Finance/Insurance Professional with Degree: You Are Paying Higher Rates

Many people think that insurance professionals don’t know what it’s like for the average American that has to buy auto insurance.

The thing is, they are held by the same rules as everyone else in terms of their requirements for auto insurance. What’s more, most insurance companies don’t offer employee discounts for purchasing auto insurance.

Companies like Progressive offer an incentive program for employees that reimburses them at the end of each year if they will answer some questions about their experiences with their insurance, but that is about the extent of it.

Whether you are in finance or you are in the insurance field, you will find that the insurance rates for these fields, on average, are higher than a great many other occupations.

The reason for this is that their jobs can be stressful and there is a lot of responsibility associated with them.

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Finance/Insurance Professional with Degree: What’s affecting your rates?

The reason your occupation affects your rates is that a risk assessment is assigned to certain careers. In the case of finance and insurance, a higher risk has been placed on these careers because of the higher levels of stress involved.

What’s interesting is that if you didn’t have a college degree, even if you were performing the same exact job, you would be paying more than you currently are paying.

The reason for this is that people with a college education have a lower risk of having an accident than someone who doesn’t have a college education.

While you may feel as if this is an unfair assumption, the truth is that this information comes from years of data collected from auto insurance companies regarding different groups of people.

It is this data that has shown that women are, overall, safer drivers than men, that teens are the most dangerous driving group and so on.

Finance/Insurance Professional w/ Degree: Saving Money on Your Insurance

Just because the national average for insurance for your career group is $1,213.17 doesn’t mean that this is how much you are going to have to pay. You can pay more or less depending several factors including:

Another important factor in determining just how much you are going to pay are the discounts for which you qualify. As mentioned above, as a college graduate, you are probably already receiving a discount for that.

In addition, however, you can also receive discounts for things like being married, being a good student, buying multiple policies with the same insurance company, driving a safe car and more.

The Benefits of Quote Tools

Another important way to save money on your auto insurance is to shop around for the best price for your insurance. Fortunately, this is easy to do because of auto insurance quote tools such as we offer here. Here are some of the benefits of using a quote tool:

  • Saves time – Quote tools allow you to type your information into a single location and then the tool enters that information into calculation tools from multiple auto insurance companies. You will receive quotes within seconds of submission and those quotes will be from top rated auto insurance companies.
  • Compare – Another benefit to using this method is that you can compare the quotes side by side. If your current plan offers the best price, then you continue as you are. If it doesn’t, then you have the option of selecting another auto insurance company if you want to.
  • No pressure – The great thing about using our free quote tool is that we aren’t going to call you and ask you why you didn’t make a purchase. All we want to do is ensure that you are able to compare quotes of reputable companies so that you can get the lowest rates possible!

Enter your ZIP code below and compare FREE auto insurance quotes right now!

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