Machinist/Toolmaker Rates for Car Insurance

Machinist and toolmaker car insurance rates are higher than the national average due to the high-risk work environment. The average machinist and toolmaker car insurance rates are $94.28/mo.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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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 27, 2020

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Here's what you should know...

  • Mechanists or toolmakers pay an average of $1,131,33 per year on auto insurance
  • Because of the high-stress work environment, the average car insurance rate for people in these professions is higher than the national average
  • You can lower your premiums by talking to your insurance provider about discounts you may qualify for

As a machinist or a toolmaker, you can expect to pay an average of $1,131.33 per year. This is national annual average for other men and women who purchase auto insurance that work in the mechanical industry.

The truth is that you could pay more or less than what this number is because your insurance rates are based on a number of factors such as your driving record, what kind of car you drive, how often you drive and so on. However, what you do need to understand is that many insurance companies are also including occupation as a factor when they consider what you will pay for your auto insurance premiums.

While $1131.32 a year is the national average for this field, you need to know that this includes the rates of people who are terrible drivers, people who live in dangerous locations, people with all levels of coverage and more.

That is why your rates may be lower or higher than what you see here, this is just an average of all of these people combined.

Enter your ZIP code for a no obligation look at auto insurance quotes from multiple companies!

Machinist/Toolmaker Car Insurance: What Affects Your Rates

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As a machinist or a toolmaker, you could potentially have a dangerous job. While your auto insurance company has nothing to do with what happens to you in the workplace, statistics show that those who work in high-stress environments are more likely to be in an accident or drive aggressively.

There are some exceptions to this rule of course. For example, a single mom who works as a cashier might pay more for her insurance because the insurance companies count her financial stress as a factor that puts her at a higher risk.

Regardless, machinists and toolmakers do have specific statistics that relate to their field and the amount of accidents that they have.

When an insurance company uses your occupation as a factor when determining your rates, they assign an actual monetary amount to that occupation. This is an amount that doesn’t change, so as long as you are in your current occupation, you won’t be able to get rates lower than what this assigned number happens to be.

Find and compare a variety of rates regardless of occupation by entering your ZIP code into the below FREE tool now!

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Enter your ZIP code below to view companies that have cheap car insurance rates.

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Enter your ZIP code below to view companies that have cheap car insurance rates.

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Does your job affect car insurance rates?

Not all insurance companies consider occupation.

There are two reasons why an insurance company may not consider your occupation as part of your premium costs. The first reason is that they may not have permission to do so. The Insurance Commissioner simply gives permission across the board for a rate increase or change to occur. In other states, each insurance company is required to submit a written request, at which time the commissioner can determine the validity or reasonableness of the request.

The other reason is that some insurance companies just choose not to use occupation as a marker. That’s right, even though it is an acceptable practice among insurance companies to use occupation as a factor, not all of them do. In this case, you may be in a position to save some money on your auto insurance.

Just because an insurance company uses your occupation as part of the way they determine your rates doesn’t necessarily mean that you are going to pay more for your insurance.  There are a lot of other factors that determine whether you are viewed as a high-risk driver.

A company could easily determine that you qualify for all of their discounts that put you at lower rates than companies that don’t use occupation at all. You won’t know until you start comparing rates!

Keeping Your Rates Low

If you want to keep your rates low, then you need to ensure that you are getting the lowest rates by comparing your rates between multiple companies. You can reassess your current coverage and decide exactly how much you need, then compare rates from multiple companies to land the best deal.

Enter your ZIP code below and compare auto insurance quotes between several reputable insurance companies. today!

References:

  1. https://www.statefarm.com/simple-insights/saving/these-7-factors-determine-car-insurance-premiums
  2. https://www.insurance.wa.gov/
  3. https://www.kbb.com/car-advice/articles/how-much-and-what-kind-of-car-insurance-you-need/

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