Jessica Sautter is a Content Writer for with a Bachelor’s Degree from Eastern Michigan University in Elementary Education with a Major in Reading and a Minor in Mathematics.

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Chris Harrigan has an economic degree from Limestone College and an MBA from Clemson University. He previously managed auto insurance claims for Enterprise Rent-A-Car. Currently, he is using his business and insurance expertise to provide insurance data analysis and visualizations to enhance the user experience.

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Reviewed by Chris Harrigan
Former Auto Insurance Claims Manager

UPDATED: Nov 3, 2020

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Key takeaways...

  • Doctors need to purchase higher limits of liability than the average individual because of their high salaries
  • Since doctors work under very stressful conditions, their profession could negatively impact the car insurance rates
  • Some companies offer affinity discounts to licensed medical professionals who are part of a professional association
  • When you commute to and from different offices and hospitals to see patients, you’ll pay a business insurance rate
  • More expensive vehicles tend to cost more to insure because of parts and labor cost more when a claim is filed

As a doctor, you take a Hippocratic oath that you will treat your patients to the best of your ability and you follow a sacred code of conduct.

Each year you work hard to fulfill your duties as a trusted physician while you expand your knowledge and stay up-to-date on the latest advances in the medical community.

You dedicate so much of your time on your career, it’s hard to focus on other things that car insurance.

As busy as physicians may be, it’s crucial that everyone sets aside some time to do a car insurance check-up.

Not only do you need to understand how your premiums are determined, you also need to know what type of coverage you need to have a comprehensive auto insurance policy.

Compare car insurance options today by entering your zip code into our free comparison tool. Here’s a guide to car insurance just for doctors:

Take Advantage of the Discounts While You Can

If you’re studying for your undergraduate degree or you’re in medical school, you should take advantage of every discount that you can.

The average college student studying for a four-year degree spends enough money pursuing a post-secondary education, but medical students spend significantly more.

According to research, the average medical school graduate accrues at least $166,750 in medical school debt.

Since it takes most students 10 to 14 years to complete school and costs them hundreds of thousands of dollars, students must live on a very meager budget during their student careers. Fortunately, students are eligible for car insurance discounts.

One of the most common discounts that undergraduate students can qualify for while they’re earning their Bachelor’s degree is the Good Student Discount.

Young adults (under 25) can get this discount on their own policy or on their parents’ insurance as long as they’re earning acceptable grades.

Some carriers with special student organization affiliations may also give students in medical school these discounts.

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Why are car insurance rates for doctors so high?

Some professionals are more at-risk than others when it comes to auto accidents. You don’t even have to drive your vehicle for work purposes for your occupation to have a direct effect on your total policy premium.

While you’d think that holding a medical degree would make you less of a risk, that couldn’t be further from the truth.

Studies conducted by various insurance companies and institutes have been used to justify the fact that doctors must pay higher auto insurance rates than other professionals.

According to the studies, physicians and emergency doctors are at a higher risk of having an auto accident than the average professional. In turn, they have high occupational class ratings for auto insurance.

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Why are doctors often at-risk drivers?

Doctors are among one of the highest risk professionals in terms of auto insurance rates.

Entertainers, lawyers, real estate agents, architects, salespeople, and executives join doctors in the high-risk class.

Each occupation has different reasons why professionals in the field get into a high rate of accidents. Here are some reasons why doctors are high-risk drivers:

  • Doctors work long hours and often drive while they are suffering from exhaustion which makes them likely to have accidents
  • Odd working hours can leave doctors exposed to different levels of traffic at peak times of the day
  • Doctors tend to drive expensive vehicles which cost insurers more to repair
  • Doctors may be on-call and required to drive in the event of an emergency. Urgency can lead to more preventable accidents
  • Doctors work under serious levels of stress. The stress and tension can lead to poor driving habits and decisions

Other Factors to Help Calculate Premiums

It’s only natural to get defensive if you’re told that you’re an at-risk driver just because you’re a doctor.

Once you look over all of the reasons why doctors fall into a riskier classification, you can’t deny that certain aspects of your job do lend to the possibility that you could get into more accidents than the average professional.

Just because one of the risk factors that are used to determine your rates isn’t favorable doesn’t mean that all of the risk factors will lean that way.

There are a lot of different risk factors that all play a role in helping agents give you personal quotes. Here are other factors that can contribute to your high premiums or help drive them down:

  • Age, driving experience, gender, and marital status
  • Zip code where your vehicle is stored
  • Annual mileage and commuting distance
  • Vehicle usage and driving habits
  • Driving record and accident history
  • Insurance history
  • Vehicle type, model, and ISO class code
  • Credit-related insurance score

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Look for a Carrier Offering Other Discounts

There’s a difference between your underwriting risk rating and a discount. The risk factors above are used by all carriers to determine your personal premium. They won’t change at all during the term.

An insurance discount is a savings applied to some or all of your coverage premiums.

Most often, discounts are given as an incentive to minimize your risk of having a loss. It is possible to lose a discount in the middle of the term, but most often your eligibility is verified each renewal.

Here are some of the most common discounts that you can ask for:

  • Multi-line
  • Multi-car
  • Prior Insurance
  • Loyalty
  • Excellent Credit
  • Professional Affiliation
  • Homeowner
  • Accident-free
  • Claims-free
  • Good Driver
  • Good Student
  • Alarm
  • Non-smoker
  • Gated Community

Don’t ever skimp on your level of protection just to save money. You should budget enough money towards your insurance expense to be able to buy sufficient coverage limits.

If you’re tired of paying a climbing rate with your current carrier, get instant online quotes for insurance now and compare your options.