News with a Twist

Insurance companies charge lower rates for college graduates

Does it really pay to get that post-graduate degree? Well, if you’re trying to save money on your car insurance it does.

A new report from the Consumer Federation found that major auto insurance companies – like Progressive, Geico, and Farmers – charge lower rates for college graduates and higher rates to drivers with less education and lower-status jobs.

For example, Geico might charge a factory worker with a high school degree a much higher annual premium than a plant supervisor with a college degree.

VIEW & ADD COMMENTS

1 Comment to “Insurance companies charge lower rates for college graduates”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Advertisement

Advertisement