Shuman Roy is an entrepreneur, business owner, and musician. He started RoysNoys, LLC in 2013 as a music production and education service company. He also offers small business consulting and advisory services to help businesses get from start-up mode to turn-key operations. Shuman earned his M.B.A from the Stern School of Business in 2001 and has an undergraduate degree from Manhattan College in ...

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Joel...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jul 19, 2021

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If you’re looking to save money on car insurance, be sure to see if you qualify for each and every discount available to you. You’d be surprised at the number of discounts out there.

We’ve already talked about the good student discount, the good driver discount, the combo discount, and even the hybrid discount, but a lesser known discount comes courtesy of Mercury Insurance.

The car insurance company, which writes much of its insurance in California, has a so-called “Alumni Discount.”

In short, if you’re part of an alumni association, you’re eligible for a discount on your Mercury car insurance.

The alumni discount is around 10%, but be sure to contact your insurance agent for the exact number.

As far as qualification, simple proof of alumni association enrollment in the form of an e-mail or similar seems to be all you need.

On a $600 auto insurance policy, you’re looking at roughly $120 in savings per year, which should eclipse the cost of most alumni association fees.

Mercury is the third largest private passenger automobile insurer in California, and also writes insurance in Arizona, Florida, Georgia, Illinois, Michigan, Nevada, New Jersey, New York, Oklahoma, Pennsylvania, Texas and Virginia.

The company offers homeowners insurance as well, so you may be able to get a 15% combo discount on top of all the discounts mentioned above.

Bonus discount: Members of the California Medical Association (CMA), which is a professional organization representing physicians in California, are also eligible to receive an exclusive 10% discount from Mercury Insurance.