Compare Rates and Save on Auto Insurance

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Although occupation doesn’t affect a car insurance premium much, some insurance carriers offer discounts for occupational and organizational affiliations, such as being a doctor, medical professional or healthcare worker.

When comparing coverage and rates, the cheapest full coverage car insurance rate is often the best option for a doctor’s car insurance. If you’re unsure if your insurance company offers a discount, ask your agent. When comparing coverage and rates, the cheapest full coverage car insurance rate is often the best option for a doctor’s car insurance.

Rather than trying to find an insurance policy that is specifically for doctors, you are better off searching for the cheapest full coverage car insurance. Not only can you get coverage faster, but you can also potentially save even more with additional discounts like safe driving and bundling home and auto insurance. Most carriers allow stacking discounts, which can help you maximize savings when comparing quotes for car insurance for doctors and other professions.

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Key Takeaways

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The cheapest car insurance company is GEICO for doctors’ car insurance.

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Although doctors may get an occupational discount, finding the cheapest company offering the coverage you need is the best option.

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Healthcare workers can save on car insurance by shopping around, raising deductibles and getting rid of unnecessary coverages.

Cheapest Car Insurance Companies for Doctors

We set out to find the cheapest car insurance companies for doctors. Our sample quotes were based on a 40-year-old man with no claims history and a clean driving record. We found the cheapest doctors’ car insurance is from State Farm. Since occupation only has a minimal effect on an auto insurance premium, it’s best to find the cheapest car insurance companies offering the coverage you need rather than a company offering a car insurance discount for doctors.

Average Annual Premium for Different Providers
Company
Average Annual Premium

Farmers

$1,192

Allstate

$1,124

Progressive

$1,120

Travelers

$1,037

GEICO

$936

Nationwide

$930

State Farm

$883

USAA

$679

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How Doctors Can Save on Car Insurance

Doctors and other medical professionals can save on car insurance by taking advantage of available discounts — not just those available for healthcare workers. To make shopping around easier, use the MoneyGeek calculator to estimate the cost of car insurance to get an idea of what you might pay for coverage. Consider these ways to save when searching for car insurance for medical professionals.

1

Shop Around

Whether you’re searching for the cheapest rate or focused on getting the exact coverage you need, shopping around and comparing quotes from several carriers is the best way to get what you want at the best price.

2

Remove Unnecessary Coverages

Before gathering quotes, you should know how much coverage you really need, so you’re not paying more than you need to for doctors’ car insurance. For instance, if you drive an older car that isn’t worth much, you may no longer need comprehensive and collision coverage (full coverage).

3

Increase the Deductibles

Another way to save is to increase the deductible for comprehensive and/or collision coverage. Although raising your deductible can lower your premium, you’ll have to pay more out of pocket if you file a claim.

4

Ask About Discounts

Discounts that you may qualify for can help you save on car insurance. Some common auto insurance discounts you may be eligible for include bundling home/renters and auto, safe driving, multiple car and automatic payment.

Even having a car with airbags and/or anti-lock brakes may get you a discount, as can an anti-theft device or having low mileage per year.

How Much Is the Average Doctor's Car Insurance?

So, how much is insurance for doctors? Not much different than for other professions because being a doctor may only make a small difference in how much you pay for car insurance. The average cost of car insurance for a 40-year-old male with no claims, tickets, or at-fault accident is $987 based on PBI National Coverage Baseline annual average.

How Much Is Doctor’s Car Insurance Based on Credit Score

Although car insurance for healthcare workers may be cheaper with an occupation or affiliation discount, depending on what state you live in and how car insurance rates are calculated, your credit score may negate that discount. A good FICO credit score is 670-790. If you have a poor credit score (FICO score of 300-579), you could end up paying more for coverage, even with a car insurance discount for doctors on your policy.

Average Doctors Car Insurance Rates by Credit Score
Credit Score
Annual Premium

Good

$1,163

Good

$1,301

Poor

$3,488

Poor

$3,982

How Much Is Doctor’s Car Insurance Based on Driving History?

Driving history can have a major effect on auto insurance for healthcare workers and any other professional. For instance, if you have a DUI, an at-fault accident or just a speeding ticket on your driving record, it could mean the difference between paying a cheap rate for doctors’ car insurance or a high premium.

Doctor's Car Insurance Based on Driving History
Driving Record
Average Annual Premium

DUI

$2,055

DUI

$1,652

Speeding Ticket

$1,169

DUI

$2,214

Accident

$1,361

DUI

$1,862

DUI

$867

Clean

$1,138

Accident

$1,316

DUI

$2,022

Clean

$1,054

Clean

$1,244

Speeding Ticket

$1,385

Clean

$1,159

Speeding Ticket

$1,448

Speeding Ticket

$607

Clean

$1,116

DUI

$1,596

Speeding Ticket

$1,420

Clean

$942

Accident

$1,627

DUI

$1,807

Speeding Ticket

$769

Speeding Ticket

$1,314

Accident

$1,541

Accident

$1,828

DUI

$1,967

Clean

$1,048

Accident

$1,697

DUI

$1,844

Accident

$718

Clean

$1,031

Speeding Ticket

$1,279

Accident

$1,070

Accident

$1,517

Speeding Ticket

$1,554

Clean

$615

DUI

$1,279

Clean

$489

Clean

$920

Accident

$1,671

Clean

$723

Accident

$1,496

DUI

$1,094

Speeding Ticket

$1,303

Speeding Ticket

$898

Accident

$915

Speeding Ticket

$1,133

Do Doctors Get Car Insurance Discounts?

Yes, some companies offer a car insurance discount for doctors and other healthcare workers. These discounts are occupational discounts, like the car insurance discount for nurses. When getting auto insurance as a doctor or other medical professional, ask the insurance company about these types of discounts. If an occupational discount isn’t available for doctors, consider an organization affiliation discount, like being a member of the American Medical Association (AMA).

Frequently Asked Questions

Finding the best, cheap doctors’ car insurance doesn’t have to be hard, especially if you consider discounts. Here are answers to some common questions about auto insurance for medical professionals.

About Mandy Sleight, Licensed Insurance Agent


Mandy Sleight, Licensed Insurance Agent headshot

Mandy Sleight is a licensed insurance agent and has worked in the industry since 2005. She has her property, casualty, life and health licenses. Mandy has worked for well-known insurance companies like State Farm and Nationwide Insurance, and most recently as the Operations Coordinator for a startup employee benefits company.

Mandy earned her Bachelor of Science degree in Business Administration and Management from the University of Baltimore and her Master of Business Administration from Southern New Hampshire University. She uses her vast knowledge of the insurance industry and personal finance combined with her writing background to create easy-to-understand and engaging content to help readers make smarter choices with their budgets and finances.