Donate Car to Charity California, Donate Car for Tax Credit, Donate Cars in MA, Donate Your Car Sacramento, How to Donate A Car in California, Donate Your Car for Kids, Donate a Car in Maryland, Donating a Car in Maryland, Donate Cars Illinois, Donate Old Cars to Charity, Met Auto, Car Donate 5 professions that practically guarantee you’ll pay less for car insurance For years, we’ve told you that many insurers use your level of education and job title to help set your auto insurance premiums. Now if New York has its way, that practice will be banned! RELATED: 4 hidden factors that help determine your auto insurance premiums 5 jobs that mean lower car insurance—and 4 professions that mean the opposite! With the average annual cost of an auto insurance policy pushing $900, we all need any help we can get to lower that premium. The Wall Street Journal is reporting that state regulators in New York are weighing the merits of banning the use of questions about occupation to set insurance rates. Basically, the New York Department of Financial Services has asked four major insurers—Allstate, Geico, Liberty Mutual and Progressive—to justify why they should be allowed to continue this practice! (Other legitimized factors insurers use to quote your premium include age, gender, driving history, vehicle type and mileage projections.) Despite the prevailing public sentiment against using occupation to set rate, insurers have been steadfast in relying on this practice. So with that in mind, here are several occupations that can either help you or hurt when it comes time to get an insurance quote, according to the Wall Street Journal. Occupations that can help you Occupations that can hurt you Accountants Day-care employees Dentists Stock clerks Engineers Bank tellers Military Officers Retail workers Teachers Whatever the outcome of the inquiry in New York, this much is certain: Insurance is regulated at the state level—not the federal level. So if the Empire State does decide to stop insurers from asking about your occupation to set rates, it will only impact customers in that state. What happens in the Empire State stays in the Empire State! But hopefully, if we do see some positive movement in this direction for consumers, it will be echoed around the country by other state insurance regulators. RELATED: 6 health benefits you should never have to pay for Here’s the reason car insurance rates are on the rise State-by-state map shows how much a ticket increases your car insurance Nearly 94 million people will hit the roads for the year-end travel season from Friday, December 23 to Monday, January 2, 2017, according to AAA. So when you’re out there driving, remember to slow down… particularly if weather conditions are bad! Nobody wants to get a speeding ticket or worse — wind up in an accident of some kind. But if you do happen to get that ticket, here’s how much you can expect it to jack up your auto insurance… How much your insurance goes up if you get a ticket NerdWallet has put together this handy chart that illustrates the average amount your insurance will go up by state for a speeding ticket or a DUI. That average increase is 62% across the nation for a DUI and 14% for a speeding ticket. Some states are worse than others, of course. Speeders in North Carolina will face an average 62% hike in their insurance rates, while those caught driving under the influence of drugs or alcohol will face a whopping 368% increase on average. On the other end of the spectrum, you have Louisiana. Intoxicated drivers in the Pelican State will only face an underwhelming 17% increase on average. Read more: Do I need car rental insurance?
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