The words "affordable" and "insurance" really shouldn't be used together, in particular when you are looking for the best car insurance for teachers. In an attempt to save some money, let's go over a few of the factors that determine insurance rates, and find a few ways to lower the cost of your next policy.
The make and model of vehicle on the policy is one of the largest factors when trying to find the lowest-priced insurance for teachers. Vehicles with more horsepower, poor crash test ratings, or an increased likelihood of liability claims will cost substantially more to insure than more economical and safe models. The next list ranks auto insurance rates for a handful of the most budget-friendly automobiles to buy coverage for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$460|
|Honda Accord LX 4-Dr Sedan||$469|
|Jeep Wrangler Rubicon 4WD 2-Dr||$517|
|Ford Escape Limited 2WD||$539|
|Volkswagen Jetta SE 2.5 Station Wagon||$548|
|Chevrolet Equinox LT 2WD||$545|
|Toyota RAV4 Sport 4WD||$552|
|Chevrolet Malibu LT||$556|
|Honda Odyssey LX||$579|
|Jeep Grand Cherokee Limited 2WD||$585|
|Toyota Tacoma 4WD||$591|
|GMC Sierra 3500HD SLE Crew Cab 2WD||$594|
|Toyota Camry LE||$624|
|Hyundai Sonata Limited 4-Dr Sedan||$634|
|Ford Explorer XLT AWD||$633|
|Dodge Ram Quad Cab ST 2WD||$638|
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Premium data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Table data does not factor in specific location information which can change coverage prices noticeably.
Based upon these rates, we can tell that cars like the Honda CR-V, Honda Accord, Jeep Wrangler, Ford Escape, and Volkswagen Jetta are going to be a few of the most economical vehicles to insure for teachers and educators.
Establishing which company offers the most affordable insurance rates for teachers in Virginia takes a little more sweat in order to find coverage that fits your budget. Each insurer has their own formula to set policy rates, so we need to take a look at the insurance companies with the overall cheapest rates in Virginia.
It's a good idea to be aware that Virginia insurance rates are impacted by many things which can significantly increase or decrease the price you pay. Simply turning a year older, having a claim, or getting a reckless driving citation can produce rate changes that may make certain companies more affordable than competitors.
Find Cheaper Car Insurance for Educators
|Rank||Company||Cost Per Year|
|9||Virginia Farm Bureau||$826|
|15||National Grange Mutual||$1,093|
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Travelers generally has some of the cheapest car insurance rates in Virginia at around $673 per year. USAA, Penn National, Cincinnati Insurance, and Auto-Owners are also some of the most economical Virginia insurance companies.
In the rate table above, if you are a customer of Penn National and switched to Travelers, you may realize a yearly price reduction of in the vicinity of $45. Virginia drivers with Cincinnati Insurance could save as much as $68 a year, and Auto-Owners insureds might realize rate reductions of up to $85 a year.
These premium estimates are averaged across all ages of drivers and types of vehicles and and are not figured with a rate discount for teachers. So the company that can offer the best rates for your situation may not even be in the top 30 companies in the list above. That underscores the importance of why you need to get rate quotes using your own driver data and vehicle information.
One of the many factors that are used to help calculate the annual cost of car insurance is where you keep your car. Areas with high crime rates or more dense population like Dale City, Lake Ridge, and McLean are more likely to have higher rates, whereas areas with lower crime rates and fewer weather claims receive better rates.
The next table lists the priciest cities in Virginia for teachers in which to purchase auto insurance.
|Rank||City||Premium Per Year|
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Table data uses comparative as specific location information can affect premium rates greatly.
Get discounts on Virginia car insurance rates
Insurance providers that sell policies for teachers could also offer policy discounts that could lower prices by 25% or more if you meet certain criteria. A list of companies and the discounts they provide can be found below.
- 21st Century has savings for automatic seat belts, 55 and older, early bird, theft prevention, and defensive driver.
- State Farm offers premium reductions for driver's education, anti-theft, passive restraint, defensive driving training, and multiple policy.
- AAA policyholders can earn discounts including good driver, education and occupation, good student, multi-car, multi-policy, and AAA membership discount.
- Liberty Mutual has discounts for new graduate, teen driver discount, preferred payment discount, exclusive group savings, and safety features.
- Progressive offers discounts for good student, online quote discount, continuous coverage, multi-vehicle, online signing, multi-policy, and homeowner.
The diagram below shows the comparison of insurance costs with and without some available policy discounts. The data assumes a male driver, no claims or violations, Virginia state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, accident-free, defensive driving course, passive restraint, claim-free, and vehicle safety discounts applied. With discounts applied, the average amount saved each year on insurance for teachers is 28% or $558.
Violations and accidents raise rates
The recommended way to score cheap insurance prices in Virginia for teachers and educators is to drive carefully and avoid accidents and keep your driving record clean. The diagram below highlights how speeding tickets and at-fault collisions raise car insurance costs for different age categories. Data assumes a single male driver, comp and collision included, $100 deductibles, and no other discounts are factored in.
In the previous chart, the average cost of a car insurance policy per year with no violations or accidents is $1,981. Add in one speeding ticket and the average cost hikes up to $2,232, an increase of $251 each year. Then include one accident along with the one speeding ticket and the annual cost of insurance for teachers in Virginia goes up to an average of $2,947. That's an increase of $965, or $80 per month, just for not driving safely!
The information below illustrates how choosing a deductible can impact yearly insurance costs when quoting cheap insurance for teachers in Virginia. The data is based on a single male driver, comp and collision included, and no additional discounts are factored in.
The data above shows that a 50-year-old driver could lower their car insurance rates by $286 a year by switching from a $100 deductible up to a $500 deductible, or save $430 by selecting a $1,000 deductible. Even younger insureds, like the 20-year-old, can save as much as $956 or more by using higher deductibles when buying full coverage.
When using a larger deductible, it is a good idea to have additional funds squirreled away to enable you to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.