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Car Insurance Companies charge more depending on your Education or Work Status
Insurance companies consider a lot of factors to determine the amount of premium you need pay. A report said that some companies includes your education level and work status and may charge you more for it.
According to a report by the Consumer Federation of America, companies like GEICO, Progressive, Liberty Mutual and Farmers will charge you more if you only have a high school diploma or work a "blue collar" job.
Geico, for instance, often charges a Seattle-based factory worker with only a high school degree $870 a year for insurance. Which is 45 percent higher than the $599 it would likely charges a plant supervisor with a college degree.
Comparison from different states: 45% more in Seattle ($870 vs. $599), 40% more in Hartford ($1299 vs. $926), 33% more in Oakland ($922 vs. $693), 23% more in Louisville ($2200 vs. $1791), 21% more in Chicago ($1013 vs. $840), and 20% more in Baltimore ($1971 vs. $1647).
The cost of owning a car just keeps on increasing with skyrocketing gas prices and exorbitant repair fees, now you need to pay more on insurance premiums based on your education and work status.
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