Which Car Insurance Companies Have Discounts for Teachers?

Depending on the insurance company, teacher discounts may function a bit differently. For example, companies like Horace Mann offer a discount just for being a teacher. Others, like GEICO, have discounts for being affiliated with certain organizations, which teachers can take advantage of if they are members of these organizations. These include the Association of American Educators and the National Education Association.

The following are our top three picks for auto insurance companies for teachers:

Horace Mann

Full coverage monthly average: Data unavailable
Minimum coverage monthly average: Data unavailable
In-depth review: Horace Mann Car Insurance Review

Why We Like It:

• Products designed with the educational community in mind
• Specific teacher discount and educator benefit package
• Availability of additional financial services like retirement accounts

Liberty Mutual

Full coverage monthly average: $255
Minimum coverage monthly average: $122
In-depth review: Liberty Mutual Car Insurance Review

Why We Like It:

• Discounts and perks for teachers
• Generous telematics discount program
• Wide range of coverage options

GEICO

Full coverage monthly average: $144
Minimum coverage monthly average: $43
In-depth review: GEICO Car Insurance Review

Why We Like It:

• Many discount opportunities, including for organizational affiliation
• User-friendly digital tools
• Option to get quotes and purchase policies online

Here’s a look at some of the biggest car insurance companies that offer discounts for teachers:

Average Cost

Here are the average rates for full and minimum coverage from auto insurance companies that have discounts and benefits for teachers.

Each company has its own eligibility requirements for the various discounts it offers, so always check with the company you’re interested in to confirm how you can get a teacher discount added to your policy. You may need to provide a copy of your school ID, pay stub, or other documentation.

For organization membership discounts, you’ll need to provide your insurer with proof of your membership status, which could be a membership card or a letter from the organization confirming your membership.

Discounts can help reduce the cost of your insurance premiums, but they’re far from the only — or even the best — way to save money. Here are some more strategies to help teachers get the best deal on auto insurance.

Compare rates

When shopping for car insurance, get quotes from at least three different companies to compare. The insurers listed here are good starting points for teachers, but other companies may also offer affordable rates and great coverage, so don’t feel limited. Make sure you get quotes for the same coverages to fairly compare them.

Maintain good credit

In most states, insurers can use credit as a rating factor when determining premiums. Drivers with low credit pay an average of 80 percent more for car insurance than those with good credit, so your credit can have a significant impact on your premiums. To ensure you get the best possible rate, maintain a strong credit history. If your credit is poor, work to improve it by paying bills on time and reducing your credit utilization ratio. Improving your credit over time will lead to lower rates.

Lower your coverage

If your priority is saving money on premiums, you may opt to lower your coverage or get only the state-required minimum coverage. The downside of this option is that you will have less financial protection if you get into an accident or otherwise damage your car, so weigh your options and financial situation carefully before deciding to lower your coverage.

Look for other discounts

Teacher-specific discounts, while nice to have, are far from the other discount options available from auto insurers. Teachers can also take advantage of any other discounts offered by their chosen insurance company, which may include discounts for having a new car, completing a defensive driving course, having a good student driver on their policy, insuring a car with anti-theft or safety equipment, and more.

Bundle policies

Teachers who can add a second policy in addition to auto with the same company, such as a home or renters policy, may save a lot of money thanks to insurers’ generous bundling discounts. Ask about bundling options when you get quotes, as some companies only allow auto to be bundled with property insurance, while others have more flexible bundling options.

Increase your deductible

If you add full coverage to your policy, which is recommended, you will have a separate deductible for comprehensive and collision coverage. The deductible is the amount you need to pay out of pocket in the event of a claim before the insurance starts to pay. The lower your deductible, the higher your premium, since the insurer is taking on more financial risk. If you want to lower your rate, raising your deductible is one way to do so — just make sure you can afford to pay it if needed.

Teachers are often underpaid for their work, which makes savings opportunities all the more important. Car insurance is a necessary expense for many teachers, and many insurance companies recognize teachers’ work by offering them exclusive discounts and other benefits. Horace Mann, Liberty Mutual, and GEICO offer some of the best rates and discounts for teachers, but it’s always a good idea to shop around with multiple companies to find the best deal, even if they don’t offer as many discounts.