Cheap Car Insurance if You Don’t Have a College Degree

Drivers without college degrees can have higher car insurance rates, but a clean driving record, good credit score, and short commute can lower them.

Mary Kurz
Cheap Car Insurance if You Don’t Have a College Degree

Car insurance providers take many factors into consideration when determining your premiums, including whether or not you have a college degree. It seems unfair, but the inclusion of this factor is because people who have a college degree are statistically less likely to be involved in a serious collision. This article talks about four factors that can lower your premiums: Factor 1 is a clean driving record, Factor 2 is a good credit score, Factor 3 is a safe car, and Factor 4 is a short commute.

Factor 1 of 4: Clean driving record

Whether or not you have had speeding tickets or been involved in a collision recently will weigh heavily when determining your insurance premiums. If you have not had an accident or been cited for a moving violation for three years, you will pay lower premiums.

Factor 2 of 4: Good credit score

Drivers with a credit score of 580 or higher pay lower car insurance premiums. This is because, statistically, people with a higher credit score are more cautious and less likely to be involved in a serious collision.

You can get a free credit report through online sites like Credit Sesame and Free Credit Report to find out if you have this factor working in your favor.

Some online credit report sites will give you a basic credit report for free but charge a small fee to give you your credit score. If you do have a low credit score, you can bring it up by doing the following:

  • Pay your bills on time every month and pay more than the minimum amount due on credit cards and loans, when you can.

  • If you don’t have a credit card, get one. Make at least one small purchase with the card each month and pay off the balance each month.

Factor 3 of 4: Safe car

Buy a car that is considered very safe and has extra safety features. This will be a big factor in getting you cheaper insurance. The Insurance Institute for Highway Safety (IIHS) is an excellent resource for finding out which cars are considered the safest by car insurance providers.

Factor 4 of 4: Short commute

It’s no surprise that many car insurance providers will give you a cheaper rate if you work close to home. The fewer miles you have to travel each day, the less likely it is that you will be involved in a collision.

Even with all of these factors in your favor, you will still have to shop around to get the best deal on car insurance. Know your car’s make, model, and year and give local car insurance providers a call. One of them may be able to give you the best rates. You could also contact your homeowner’s or renter’s insurance provider. They may be able to give you a good deal if you bundle your home and car insurance.

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