"Lots of factors are used to set insurance rates, having a college education is one of those factors.
All insurance companies want the people that are least likely to ever file a claim. If the stats show that upper middle income is the best group to insure they will ask seemingly unrelated questions to find out if you may be in that group.
Few people would want to disclose their income ( if it were even legal to ask) to get insurance, so by being college educated they can sort out those most likely to fit the group they want to insure."
i assume Farmers already knew my level of education (from my occupation) and income bracket (from my address).
they lamely insinuated that my credit (probably along with > 97% of their other customers) was less than excellent and, as a result, lost a long term customer who had few claims.
as a group, people with good FICO scores and decades of steady emplyment and credit history (IN ADDITION TO having college educations) will always be a better credit risk than someone right out of college.