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Is car insurance for social workers cheaper?

One of the most effective ways to lower your insurance costs is to think like an agent. As a consumer who is shopping the market for insurance, it can be very helpful to learn how policies are rated and how different risk factors are even relevant. Where you drive, how often you drive, where your vehicle is parked, how your vehicle is used, and even what you do for a living can play a role in rate determination. If you would like to learn the most favorable ratings and how to avoid critical mistakes during the quoting process, you should become a self-proclaimed riskologist in addition to being a professional social worker.

A riskologist is a consumer who is equipped with the knowledge that they need to reduce risk and to lower their insurance costs. Before you really set aside the time to understand risk and how to lower your risk class, you may not have the fondest idea as to why an agent will ask you questions that seem to do nothing with your driving or your vehicle. Start comparing car insurance rates now by using our FREE tool below! You should know that all of the questions, even the one about your professional experience or your occupation, can have an affect on how much you pay. Learn more about insurance for social workers, and understand how this occupation can help lower your premiums.

What is a risk class?

The first step to being a wise consumer and a knowledgeable riskologist is to learn about the risk classes and why they matter so much to carriers. In a marketplace where the service provider never really knows whether they will pay claims, it is crucial that the company assesses risk and charges a client based on their risk profile. This is why all carriers that offer personal car insurance will have their own risk classes where they assign drivers to. Here are the industry standard car insurance risk classes that you may fall in:

  • Preferred Risk

A preferred status is the best that you can be given. If you are a preferred risk driver, you have years of driving experience and a clean driving record. Even multiple non-fault accidents can disqualify you from falling into a preferred class. In addition to your driving record and accident history, the company will look at demographic factors like your marital status, gender, location, and even your occupation before giving you preferred rates.

  • Standard Risk

A standard risk driver will not receive the best rates, but they also will not get the worst rates. If you are assigned to this class, you have a decent driving record that has some room for improvement. You can still have a moving violation or an accident and have a standard driving record. You must also have prior insurance, a good credit score, and some experience before you get out of high-risk classes.

  • High Risk

High-risk drivers pay the highest rates because they are the most likely to cost the insurer money. You do not necessarily need to have at-fault accidents or several citations just to be high risk. You could fall into this group with a combination of different factors that include:

  1. Poor credit score
  2. Major violations
  3. Accidents
  4. Minor infractions
  5. No experience
  6. Risky occupation
  7. Lapses in coverage

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Why does your occupation affect your risk classification?

It is not out of line to wonder why your profession helps the insurer decide if you are going to cost them money. After all, just because you have decided that you want to work in a specific industry does not mean that you make careless decisions behind the wheel. Unfortunately, insurers look at drivers in groups instead of looking at you personally when they are trying to see if you will have a costly claim.

While you might assume that your profession has nothing to do with your behaviors and choices behind the wheel, the statistics show it does.

Since insurance rates are based on statistics and data, everything from your driving record to your professional status will be considered to give the company an overall picture of your lifestyle and how it directly correlates with your driving.

Factors That Can Make an Occupation More Risky

Now that you know your occupation can have a dramatic affect on your rates, the next step is to learn what makes a title more risky than another title. The company will use generalizations when they are rating any given occupation. Here are the factors that are considered when they are deciding if a title deserves a lower or higher rating:

  • Level of stress
  • Hours worked
  • Training required
  • Whether or not there is a focus on safety to others
  • Job-related travel
  • Potential distractions
  • How often the professional drives
  • Transporting clients or employees

Is a social worker a higher or lower risk?

Social workers play a very important role in society. When you work in the field of social work, you protect children and families and provide them with the assistance that they need to get through the hard times. Since your core focus is on helping others get in a safe environment, most insurers will see you as a lower risk than the average person. Social workers also are assigned a lower rated class because they work regular business hours and do not tend to have any real distractions that can hinder their driving ability.

Other Factors That Might Help You Save

You have to consider all of the rating factors that are affected by your occupation when you are a riskologist. In addition to falling into a good profession risk class, you may also fall into a good usage class if you live close to work or you take public transportation instead of commuting. Be sure that you take the time to learn what rating factors will drive your already low rates up or down as you shop. Giving just one wrong piece of information can really increase your expenses.

There is a good possibility that your profession as a social worker can help you find low rates. If you have tickets, accidents or very little experience, this will bump you up to a higher class. To find out how much you will really pay for coverage, you need to start comparison shopping. The first step is to use an online rate tool that will lead you to instant quotes for quick review. Start comparing car insurance rates now by using our FREE tool below! After doing this, compare the companies and then decide which company you would like to do business with the most.

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