Best Car Insurance for Teachers

From summer projects to pre-algebra, teachers have a lot to cover. So let us cover your insurance.

What's the best insurance for a teacher?


Being a teacher can be difficult — you are underpaid, under-appreciated, and overworked. So, saving money anywhere is a must and that includes saving money on car insurance. We have our own guidelines for car insurance teachers. Beginning first with which company offers a discount and which practices to follow in order to get the best insurance as a teacher. Let’s get started.





Companies that offer discounts to our teachers


There’s a couple of reasons why some insurance companies give discounts or savings options to our teachers. Part of the reason has to do with wanting to give back something to those who teach our youths. The second reason, which isn’t consistent across all companies, is because insurance companies view teachers (and other professions) to be less risky of drivers and thus reward them with a slightly lowered premium.

Like using your credit score or other things about yourself that are not directly tied to your driving record, things like your profession can be indicators of what kind of client you will be to your insurance company. On average, teachers saved only about $36/year based on their occupation in 2017.


Teacher's Premium Other Profession Savings
$1,391 $1,427 $36

Here are some companies that offer teacher-specific savings:


You should consider, however, that these discounts aren’t available in every state and the amounts vary by company. Moreover, if your insurance company does offer it, will require proof of your profession. A photocopy of your teacher’s ID is often accepted.




The best ways to save as a teacher?


As we stated, it's not a guarantee every state and insurance company will have a discount for you based on your occupation. Furthermore, you should consider the possibility that a company that does offer the discount is still more expensive than a company that doesn't offer the discount. With that in mind, let's break down some other ways to save on auto insurance.


Multi-Policy Discounts

Chances are, you either own a home or rent an apartment and thus have a renters or homeowners policy. If that's the case, you can save money by grouping your policies together. Here are some anticipated savings.


National Average Annual Insurance by Homeowner Status

Savings w/ Renters Savings w/ Home Savings w/ Condo
$77 $132 $113


If, however, you don't have a renters policy, you should consider that they're relatively inexpensive (most are under $200 a year) and can protect you and your assets in the event of a total loss or you are found legally responsible for damages. For more information on renters insurance, check out our suggestions here.


Keep a clean driving record

It may seem like an obvious and unimportant suggestion, but keeping a clean driving record is imperative for your insurance. You should consider that many of your violations, you will actually be charged for 3 years - meaning charged financially. For example, if you are charged with an at-fault, your premium will raise nearly $500. Which, over that 3 years, is an average of $2,992. Bear in mind, as well, that if you're receiving discounts like "Good Driver," you will lose these discounts as well. Just another reason to drive safely.


Average Increase in Annual Premium in 2016

Accident/Violation 6 Month Premium Increase
None
Speeding 11 - 15 MPH Over Limit $141
Speeding 16 - 20 MPH Over Limit $153
Speeding 21 - 25 MPH Over Limit $165
At-Fault Accident $306
Reckless Driving $499
Racing $523
DUI $529


Change your payment plan

If you're able to pay upfront for your insurance, you can save money by doing so! On average, teachers can save $61 a year by paying in full versus in installments. If, however, you are able to pay an entire 6-month premium up front (which isn't an easy feat, we understand), you can also save money by paying directly from your bank account as opposed to a credit card. This method, referred to as an electric funds transfer (EFT) saves the insurance company on transactional fees. The savings, while smaller than a paid-in-full discount, is around $27 per year on average.


Average Rates by Electronic Funds Transfer

Yes No Savings
$1,295 $1,322 $27

Average Rates by Payment Plans

Paid In Full Installments Savings
$1,261 $1,323 $61


Be smart with your coverage

Unlike a home, a vehicle doesn't grow in value over time. It depreciates. So, if you own a vehicle and cost to keep comprehensive and collision are more expensive than the value of it, you might consider if it's worth it. Here's how to tell:

  • Determine the value of your vehicle by using Kelley Blue Book or NADA
  • Speak with your agent or customer service representative at your insurance company to determine the dollar amount of your physical protection coverage.
  • If it still makes financial sense to maintain physical protection, absolutely keep it. In the event your vehicle is totaled in an at-fault accident or stolen, these coverages are your only recourse.

If it's determined you still need these additional coverages but are still looking to lower your premium, consider if raising your deductible is an option. By raising your deductible, you lower your premium as you're taking on more financial responsibility.



Be smart with your claims

Another benefit of raising your deductible is it can discourage you from using it. Most insurance experts believe you should only use your collision coverage if your vehicle is significantly damaged. This is because of how your rates can charge after filing a claim. Most insurance companies will charge you for 3 years after at-fault accidents or other violations. Here's how to determine if you should file a claim or not.


  1. Get an estimate of the damage prior to speaking with your insurance company. This is what you would pay out of pocket.
  2. Consult our State of Insurance (page 58) to see how much at-fault accidents increased rates in your state.
  3. Multiple the rate of increase by 3 (for the 3 years you will be charged). Add the rate of increase determined in step 2 to your deductible. This is what you would pay if you went through your insurance company
  4. Compare the value and choose the least expensive option.


Shop Around

The best thing you can do as a teacher, or any insurance client for that matter, is to shop around often for car insurance. Because a “teacher discount” is a somewhat rare commodity, you shouldn’t only consider a company just because they offer it. You might find that, even with your discount, a company that doesn’t offer the discount is cheaper regardless. Because of this, it’s important to consider as many different companies as possible when looking for auto insurance. Only with The Zebra can you search hundreds of different companies - including the ones that offer teacher discounts. Start here.




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Recent Questions:

Best Car Insurance for Teachers

Why do certain jobs pay less for car insurance?

Apr 01, 2018

A friend of mine who has Farmers insurance said she gets a discount because she’s a teacher. She just had ...