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Do insurance companies check your educational status?
Do insurers pay attention to education? I recently completed a Master's degree and am wondering if my higher educational status will affect my rates at all.
Sophie Newman · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“
Car insurance companies
look at many factors when calculating your insurance rates, which may include:- age
- location
- marital status
- type of vehicle
- driving history
- education
Since car insurance companies use statistics to help understand risk, an advanced degree may mean you’re paying less than a driver with less education, with all other factors being equal.
View full answer
- Gregory R.
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