Auto Insurance for Drivers with Master’s Degrees

Drivers with their master's degree can buy auto insurance that provides great coverage and costs less than the average rate of $124 a month. While points on your license can increase your rates, your auto insurance rates with a master's degree may be lower than rates for others. Insurance companies also offer a wide range of discounts that can help you obtain full coverage insurance at an affordable rate.

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Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Cynthia Lanctot is an insurance professional with ten years of industry experience. Cynthia is licensed in several states, and holds an associate in claims law, as well as a bachelor’s degree in English. Cynthia’s experience includes the New England and Northeast states. She currently works as a liability claims professional and an occasional online contributor.

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Reviewed by Cynthia Lanctot
Licensed Agent

UPDATED: Aug 24, 2021

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A Concise Overview

  • Your master’s degree could help you secure a lower auto insurance rate
  • If you have a subpar driving record, discounts can help you keep your rates low
  • Shopping for auto insurance online empowers you to compare different insurance companies with ease

If you have your master’s, affordable auto insurance is within your grasp. A driver with their master’s can buy auto insurance at a great rate that still provides excellent coverage when they shop online.

When you gather auto insurance quotes for master’s degrees, you are empowering yourself to find the best rates and discounts, like usage-based insurance programs, at your leisure.

Auto insurance for drivers with a master’s degree is easier to obtain than ever. Enter your ZIP code into our free tool above if you have a master’s degree and get free car insurance quotes.

Can having a master’s reduce auto insurance rates?

Your education level certainly can keep your auto insurance rates lower than the national monthly average of $124. If you have your master’s, an auto insurance company may see you as a reduced risk and, in turn, reduce your insurance rates.

Of course, you can also keep your rates low by limiting your time on the road, resist driving above the speed limit, maintaining a good credit score, and keeping the number of claims you file to a minimum.

What if I have a bad driving record?

Auto insurance for master’s degree program graduates can be expensive if you have a lot of speeding tickets or points on your license. If this scenario applies to you, there are options available to you that can help you reduce your rates.

After a certain amount of time, your points will come off your license, but you can always see what kind of discounts an insurance company offers; even if the percentage of each individual discount is small, they can work together to provide you with a hefty amount of savings.

If you would like to review your policy and make sure every discount you qualify for is being applied to it, take a look at this list. This is an excellent resource that you can use whenever you compare quotes from other insurance companies:

Types of Auto Insurance Discounts Available
Vehicle DiscountsDriver/Customer DiscountsPersonal Discounts
Active Disabling DeviceClaim FreeEmergency Deployment
Adaptive Cruise ControlContinuous CoverageFamily Legacy
Adaptive HeadlightsDefensive DriverFamily Plan
Anti-lock BrakesDriver's EducationFederal Employee
Audible AlarmDriving Device/AppFurther Education
Automatic BrakingEarly SigningGood Student
Blind Spot WarningFull PaymentHomeowner
Daytime Running LightsGood CreditLife Insurance
Economy VehicleLoyaltyMarried
Electronic Stability ControlMultiple PoliciesMembership/Group
Farm/Ranch VehicleMultiple VehiclesMilitary
Forward Collision WarningNew Customer/New PlanNew Address
Garaging/StoringOccasional OperatorNew Graduate
Green/Hyrbid VehicleOnline ShopperNon-smoker/Non-drinker
Lane Departure WarningOn-Time PaymentsOccupation
Newer VehiclePaperless/Auto BillingRecent Retirees
Passive RestraintPaperless DocumentsStable Residence
Utility VehicleRoadside AssistanceStudent Away
Vehicle RecoverySafe DriverStudent or Alumni
VIN EtchingSeat Belt UseVolunteer
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Auto insurance discounts for graduates with a master’s degree are great tools that reduce your rates even if you have a subpar driving record.

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How much is full coverage car insurance for drivers with a master’s degree?

If you would like to buy full coverage auto insurance but aren’t sure how much it may cost you, feel free to examine this breakdown of the average auto insurance rates by state:

Geico Availability and Average Rates by State & Annual Premiums by State
StateAverage by StateGeico Annual Premiums by StateHigher/Lower than AverageHigher/Lower than Average %
Alabama$3,567$2,867-$700-19.63%
Alaska$3,422$2,880-$542-15.83%
Arizona$3,771$2,265-$1,506-39.94%
Arkansas$4,125$3,485-$640-15.52%
California$3,689$2,886-$803-21.78%
Colorado$3,876$3,092-$785-20.24%
Connecticut$4,619$3,074-$1,545-33.45%
Delaware$5,986$3,727-$2,259-37.74%
District of Columbia$4,439$3,693-$746-16.81%
Florida$4,680$3,784-$897-19.16%
Georgia$4,967$2,977-$1,990-40.06%
Hawaii$2,556$3,359$80331.43%
Idaho$2,979$2,771-$208-7.00%
Illinois$3,305$2,779-$526-15.92%
Indiana$3,415$2,261-$1,154-33.79%
Iowa$2,981$2,296-$685-22.98%
Kansas$3,280$3,221-$59-1.80%
Kentucky$5,195$4,634-$562-10.81%
Louisiana$5,711$6,155$4437.76%
Maine$2,953$2,823-$130-4.41%
Maryland$4,583$3,833-$750-16.37%
Massachusetts$2,679$1,510-$1,169-43.63%
Michigan$10,499$6,430-$4,069-38.75%
Minnesota$4,403$3,499-$905-20.55%
Mississippi$3,665$4,087$42311.53%
Missouri$3,329$2,885-$444-13.33%
Montana$3,221$3,602$38211.84%
Nebraska$3,284$3,837$55416.87%
Nevada$4,862$3,662-$1,200-24.67%
New Hampshire$3,152$1,615-$1,537-48.76%
New Jersey$5,515$2,755-$2,760-50.05%
New Mexico$3,464$4,458$99528.72%
New York$4,290$2,428-$1,862-43.40%
North Carolina$3,393$2,937-$456-13.45%
North Dakota$4,166$2,668-$1,498-35.95%
Ohio$2,710$1,867-$843-31.09%
Oklahoma$4,142$3,437-$705-17.02%
Oregon$3,468$3,220-$248-7.14%
Pennsylvania$4,035$2,605-$1,429-35.43%
Rhode Island$5,003$5,603$59911.98%
South Carolina$3,781$3,178-$603-15.95%
South Dakota$3,982$2,940-$1,042-26.17%
Tennessee$3,661$3,283-$377-10.31%
Texas$4,043$3,263-$780-19.29%
Utah$3,612$2,966-$646-17.89%
Vermont$3,234$2,196-$1,038-32.11%
Virginia$2,358$2,062-$296-12.57%
Washington$3,059$2,569-$491-16.04%
West Virginia$2,595$2,121-$475-18.29%
Wisconsin$3,606$3,926$3208.88%
Wyoming$3,200$3,497$2969.26%
Median$3,661$3,074-$587-16.04%
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Bear in mind, that many personal attributes like your age and gender will feed into your rate calculations whenever you fill out the form for an online quote. This means that every rate for any driver with a master’s degree will be unique.

How can drivers with a master’s degree find the best auto insurance company?

Shopping for auto insurance online empowers you to compare different insurance companies with ease. By reviewing quotes in the comfort of your home, you can take time to analyze the benefits that each one offers without being hampered by the pressure of a salesperson.

Auto Insurance for Driver’s with Master’s Degrees: The Bottom Line

Your master’s degree, even if you have points on your license, can help you obtain cheap auto insurance. Some insurance companies offer discounts for those with degrees, but you can also make use of other discounts to reduce your rates.

You should always review your policy to check that all discounts which apply to you are active on your insurance policy. If you are in the position to do so, work to maintain a good credit score and avoid filing claims. All these strategies can greatly increase your savings.

Shopping online for auto insurance is also an easy, yet effective, way to compare insurance quotes and find the company that is the best fit for you.

If you’re eager to save money on your auto insurance, you don’t have to wait. Enter your ZIP code into our free tool to receive free auto insurance quotes for drivers with their master’s today.

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