Best Cheap Car Insurance for Teachers
- State Farm has the cheapest car insurance for teachers at $134 a month.
- Horace Mann has the best insurance packages for educators.
- Companies like Farmers and Liberty Mutual have teacher discounts.
Cheap car insurance quotes for teachers
Teachers can often get the cheapest car insurance quotes from State Farm. Its rates average $1,604 a year for full coverage Full coverage includes collision and comprehensive, which cover your own car for damage and theft. , or $134 a month. Travelers comes in second at $151 a month.
Best teacher car insurance rates
| Company | Annual rate | LendingTree score | |
|---|---|---|---|
 | State Farm | $1,604 |  |
 | Travelers | $1,806 | |
 | American Family | $2,019 |  |
 | Progressive | $2,078 | |
 | Geico | $2,109 |  |
 | Nationwide | $2,402 |  |
 | Allstate | $2,960 | |
 | Farmers | $3,462 | |
What you pay for car insurance depends on factors like your driving record and location. In most states, your credit history also affects your insurance rate. Each company’s rates vary by customer. This is why it’s good to compare car insurance quotes from a few different companies.
Cheapest auto insurance for teachers with a ticket or accident
State Farm also has the cheapest car insurance for teachers with a speeding ticket or at-fault accident. Its rates climb to $146 a month after a ticket and $154 a month after an accident.
Travelers has the next-cheapest rates for teachers with a bad driving record.
Insurance rates after a ticket or accident
| Company | Annual rate ticket | Annual rate accident |
|---|---|---|
| State Farm | $1,755 | $1,846 |
| Travelers | $2,319 | $2,524 |
| American Family | $2,414 | $3,191 |
| Progressive | $2,728 | $3,102 |
| Geico | $2,763 | $3,634 |
| Nationwide | $3,178 | $3,853 |
| Allstate | $3,513 | $4,709 |
| Farmers | $4,589 | $5,535 |
Best car insurance companies for teachers
State Farm has the best car insurance rates for teachers. Horace Mann has the best insurance packages for educators. Travelers is often the best fit for teachers who want flexible coverage options.
Best rates for teachers: State Farm
State Farm generally has cheap insurance rates for most drivers. If you’re a teacher, you are also likely to qualify for many of the discounts it offers. These include discounts for being a good driver or driving a safe vehicle. You can get a generous discount for bundling auto and home or renters insurance policies, too.
State Farm’s website and smartphone app make it easy to get quotes and manage your policy. It also has local agents in most communities for more personalized service. However, it doesn’t have gap insurance Gap insurance covers the difference between your car’s value and your loan balance, if you total the vehicle. You may need this if you owe more for your car than it’s worth. or accident forgiveness Accident forgiveness prevents your first accident from making your rates go up. You have to add it to your policy before you crash. . Although these coverages are not required by law, they can come in handy.
Pros
Cheapest rates for most drivers
Discounts for good drivers and safe vehicles
Personalized service from local agents
Convenient website and app
Cons
No teacher-specific discounts
Does not offer gap insurance or accident forgiveness
Best insurance package for teachers: Horace Mann
Horace Mann’s Educator Advantage package includes perks designed specifically for teachers. These include coverage for educational materials stolen from your car. It also includes liability coverage while transporting students.
Horace Mann specializes in financial services for teachers and school administrators. Its services also include assistance with retirement planning and student loan repayment. Its car insurance includes common coverages like liability Liability insurance covers injuries and property damage you cause to others. It’s required by law in almost every state. , collision Collision covers damage to your car from a collision with another vehicle or object. and comprehensive Comprehensive covers your car for theft and damage from non-collision causes, like fire, flood and vandalism. (comp). However, it doesn’t offer many of the optional coverages you may need or want.
Pros
Competitive rates with discounts for educators
Customer coverage packages designed for teachers
Retirement planning and student loan repayment assistance
Cons
Lack of optional coverages to customize your auto policy
Best coverage options for teachers: Travelers
Travelers is the best choice for teachers who want flexible car insurance coverage options. The company offers features like gap insurance and accident forgiveness.
Travelers doesn’t have specific car insurance discounts for teachers. However, teachers can often qualify for standard discounts the company offers to all drivers. These include discounts for good driving and owning a home. Travelers also may give you a discount for driving a hybrid or electric vehicle.
Pros
Cheaper rates than most other companies
Flexible coverage options
Discounts for good drivers, homeowners and eco-friendly vehicles
Cons
No teacher-specific discounts or packages
Not as cheap as State Farm
Car insurance discounts for teachers
A few car insurance companies have specific discounts for teachers. It’s usually worth getting a quote to see if they can save you money.
Teacher insurance discounts
| Company | Discount highlights |
|---|---|
| AAA | Teachers, college professors and school administrators get a discount in Southern California, Texas and several other states. |
| Alfa | Discount for teachers and college professors in Alabama and Mississippi. |
| Country Financial | Discount of up to 15% for K-12 teachers. |
| Farmers | Affinity discount for certain professions, including teachers. |
| Horace Mann | Special rates and discounts for teachers and school administrators. |
| Liberty Mutual | Exclusive discounts and extra insurance coverage for teachers. |
The availability of these discounts and the amounts you can save vary by state.
Money saving car insurance tips for teachers
If you’re a teacher, you can often save money by shopping around for car insurance. It’s also good to get as many discounts as you can and scale back on coverages you don’t need.
Advantages of shopping around
Shopping around helps you find the best possible rate at a given point in time. Car insurance companies often update the way they set rates. A company that charged you a higher rate a few years ago may be a cheaper option today.
The things that qualify you for lower rates can also change. For example, you usually start qualifying for lower rates after your credit or driving record improves. Getting car insurance quotes from a few different companies helps you avoid overpaying.
Why discounts matter
The car insurance discounts that most companies offer can add up to huge savings. You usually get the biggest discounts for bundling car insurance with your home or renters policy.
Using your insurance company’s safe driving app usually gets you another big discount. These apps monitor how safely you drive. You get a discount just for signing up. If you avoid unsafe behaviors, you get additional discounts when you renew.
Make sure to read the fine print, though. Some of these programs, including Travelers’ Intellidrive, raise your rates for unsafe driving. With programs like this, you usually have to opt out early to avoid a rate increase.
Make sure to ask about these and other discounts, including discounts for teachers.
Reducing your coverage costs
You usually need to add collision and comp to your car insurance if you have a loan or lease. These coverages are also often worth it for any car worth more than a few thousand dollars.
You can save money on car insurance by raising your collision and comp deductibles Your deductible is your share of repair costs for a collision or comp claim. Your insurance company pays the rest. . Since your deductibles are your potential out-of-pocket costs, you don’t want them to be too high. However, just raising them from $500 to $1,000 usually results in noticeable savings. Raising them to higher amounts brings your rate down more.
Collision and comp only cover your car at its depreciated value. Once your car’s value drops below a few thousand dollars, you won’t get much insurance money if it’s damaged or stolen. At this point, it’s usually worth dropping full coverage.