Some companies price insurance in direct correlation to the level of education you have received. A college graduate will pay less than a high school graduate. Other companies have coupled this logic with the risk attributes of educators and offer a substantial teacher auto discount.
Why the Lower Rate?
Every insurance company is different, but some may offer a discount to teachers simply based on their profession. There are several reasons why insurance companies view teachers as being a lower risk, and therefore offer them discounts. This includes:
Membership in a Professional Organization: As a teacher, you may be a member of a variety of professional organizations, like National Education Association or the Association of Teacher Educators. These groups often offer their members discounts through their own auto insurance program or through private insurance companies.
Low Risk for Accidents: Teachers generally work on a set schedule. They travel to and from the school in the same vehicle at the same time every day, and their job does not require them to drive throughout the day. In addition, being a teacher means that they will (hopefully) not be involved in regular emergency situations in which they will need to drive fast or recklessly. Their driving habits are predictable and involve fewer risks.
Role Models: As a teacher, you are a role model for your students both inside and outside of the classroom. Insurance companies understand this and know that this means you will likely model good driving behaviors too. This means that teachers have fewer DUIs, speeding or distracted driving tickets, and accidents.
Good Driving Records: Insurance companies like statistics. It gives them a way to measure and quantify your driving in an impartial manner. As a group, teachers have proven to be good drivers, especially when compared to drivers in other occupations. They have a lower number of accidents, moving violations, and insurance claims. Therefore, if you are a teacher, there is an assumption by the insurance company that you are likely also a good driver. So, if you have a good driving record and are a teacher, you will probably be offered a lower insurance rate.
Aside from receiving a discount on your annual insurance premium, which can vary between insurers, there are other benefits as well. Some companies may offer additional assistance if your car is involved in an incident while on school property. This may include a reduced deductible after your car is vandalized or in an accident as well as additional personal property coverage for theft or damage to the car.
Ways to Qualify
According to Autos.com, there are four steps to getting a teacher discount on your car insurance:
- Prove It: Your insurance company will ask you to prove that you are a teacher. This may include providing them with certain employment documents or allowing them to contact your school for verification.
- Contact Teacher Insurance Companies: There are organizations that offer auto coverage at a lower rate specifically for teachers. It is best to search around and gather information about coverage and costs from these providers.
- Contact Other Insurance Companies: Providers geared specifically toward offering coverage for teachers are not the only companies that have discounts. Many of the major insurers have teacher auto discounts as well, so be sure to speak with your independent agent to find out which avenue is best for you.
- Pick Your Coverage: After comparing companies, and the teacher discounts they offer, it’s time to choose. Make sure that you don’t just pick the cheapest option because it will save you the most money in the short run. You also need to consider the amount of coverage you will have so that if you are ever in an accident, you will feel assured that the damage will be paid for.
Speak to An Agent
Set up an appointment or speak to your independent insurance agent over the phone today. They will have the knowledge and experience necessary to recommend the right insurance for you. They will also be able to speak with you about other qualifying discounts, such as the bundling discount, multi-car discount, and annual mileage discount.
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