Why is there car insurance specifically for people with higher education?

It’s also true that car insurance premiums for people with higher education may be lower. Why is that? Isn’t this discrimination? How does this differ from regular car insurance? We’d be happy to provide you with more information on these topics.

Why Get Car Insurance for College Graduates?

It may sound a bit strange that there are car insurance policies specifically for people with higher education. Fortunately, insurers don’t do this haphazardly—there’s a good reason behind it. Research conducted by various insurers has shown that people with higher education file claims less often. This difference compared to other types of policyholders is so significant that there is a special insurance policy for people with higher education. With insurance for highly educated individuals, insurers are thus targeting a specific market, based on research.

Who are highly educated individuals?

What exactly constitutes a “highly educated person” in the context of these insurance policies? Many insurers follow the same guidelines in this regard. As a general rule, the following groups are considered highly educated:

• People who have completed a program at a university of applied sciences (HBO program).
• People who have studied at a university (higher education programs, including both bachelor's and master's degrees).

Some insurers also classify people with a Level 4 vocational education (MBO) as part of the group of higher-educated individuals.

One indication can be given in this context: the premium for car insurance for people with higher education is usually between 3 and 8 percent lower.
This significant difference in premiums certainly makes it worthwhile for those with higher education to shop around. After all, it would be a shame not to take advantage of this “premium-reducing” circumstance.

Isn't car insurance specifically for people with higher education a form of discrimination?

Car insurance for people with higher education… It might sound like discrimination. Why would an insurer create inequality in this way? In this context, it’s important to realize that this term shouldn’t be taken too literally. Why not? Taking out insurance essentially means covering a risk. A good insurer prefers to paint as complete a picture as possible of the “situation to be covered.” An assessment is made on a case-by-case basis. This also involves examining the personal circumstances of the (potential) policyholder. This isn’t all that unusual: an incorrect risk assessment can be very detrimental to the insurer. The fact that educational level can lead to a lower premium is simply a given. It is merely one part of a much broader risk assessment. There is therefore absolutely no discrimination in car insurance for people with higher education. It is simply part of how insurers operate. Without this precise approach, insurance premiums in general would, incidentally, be significantly more expensive.

Easily Calculate Your Car Insurance Premium with Alpina

Wondering if “standard” auto insurance is more expensive than insurance for higher education students? On the Alpina website, you can quickly and easily compare auto insurance policies by premium. Or contact us, and we’ll answer your questions!