The words “economical” and “insurance” really shouldn’t be used together, especially when you are trying to find the lowest insurance rates for teachers. Because of the high cost, let’s learn about a few of the factors the can have a considerable influence on auto insurance rates, and figure out some ideas to shave a little off the next policy you buy.
For teachers and educators, one of the largest considerations that are looked at to help calculate the amount you pay each year for auto insurance is where you live. Regions with more people or even just more weather-related claims will most likely have higher rates, whereas areas with less congestion have the gratification of cheaper auto insurance rates.
The following table rates the highest-priced places in California for teachers to buy an auto insurance policy in. San Jose is listed at #18 with a yearly cost of $1,423 for the average insured, which is about $119 per month.
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Premium costs are comparative as specific San Jose zip code can affect auto insurance rates noticeably.
Finding out which company offers the cheapest insurance rates for teachers may require a bit more effort than just picking a company at random.
Each company has their own process for determining rates in each state, so let’s rank the most budget-friendly insurance companies in San Jose. Keep in mind that San Jose, CA insurance rates are impacted by many things that control the price you pay for coverage. Simply getting older, buying higher coverage limits, or getting a few speeding tickets can produce rate changes that may make certain companies more affordable than competitors.
Find the Cheapest Auto Insurance for Educators
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USAA may offer some of the cheapest car insurance rates in San Jose at around $1,121 annually. Century National, Wawanesa, Nationwide, and CSAA are also some of the more affordable San Jose, CA car insurance companies.
As illustrated above, if you are insured with Century National and switched to USAA, you may see annual savings of around $57. Drivers with Wawanesa might save as much as $60 a year, and Nationwide insureds might see rate reductions of $92 a year.
Bear in mind that those premium estimates are averaged for all types of insureds and vehicles and do not factor in a specific vehicle garaging location for teachers. So the auto insurance company that has the cheapest price for you may not even be in the list above. That helps illustrate why you need to get auto insurance quotes using your own driver information and specific vehicle type.
Discount San Jose insurance
Insurance companies that provide policies for teachers may also give you policy discounts that could lower prices by as much as 40% or more if you qualify for them. Large insurance companies and a partial list of their discounts are detailed below.
- Farm Bureau has discounts for youthful driver, renewal discount, safe driver, multi-vehicle, multi-policy, good student, and 55 and retired.
- State Farm may have discounts that include accident-free, student away at school, safe vehicle, defensive driving training, driver’s education, and good student.
- Progressive may offer discounts for multi-vehicle, online quote discount, multi-policy, continuous coverage, online signing, homeowner, and good student.
- Allstate includes discounts for good student, senior citizen, early signing, economy car, utility vehicle, new car, and premier discount.
- Nationwide offers discounts including Farm Bureau membership, anti-theft, multi-policy, defensive driving, good student, and easy pay.
- MetLife offers discounts for defensive driver, good driver, good student, claim-free, accident-free, and multi-policy.
The example below visualizes the comparison of yearly insurance costs with and without policy discounts. The premiums are based on a male driver, a clean driving record, no at-fault accidents, California state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with anti-theft, vehicle safety, defensive driving course, accident-free, marriage, and passive restraint discounts applied. When discounts are applied, theamount saved on insurance for teachers is 28% or $944.
Irresponsible driving raises your rates
A great way to score the cheapest insurance prices for teachers and educators is to be an attentive driver and avoid getting tickets or having accidents. The chart below highlights how speeding tickets and at-fault collisions influence premium costs for each different age category. The rate quotes are based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no additional discounts are factored in.
The data charted above shows the average cost of auto insurance in California per year with a clean driving record and no accidents is $2,987. Get written up for two speeding tickets and the average cost surges to $4,016, an increase of $1,029 each year. Now add in one accident along with the two speeding tickets and the yearly cost of insurance for teachers jumps again to an average of $5,052. That’s an increase of $2,065, or $172 per month, just for not driving responsibly!
The chart below demonstrates how choosing different deductibles can impact premium costs when searching for cheap insurance for teachers. The premiums are based on a married male driver, full coverage, and no discounts are applied.
A 40-year-old driver could lower their policy premium by $308 a year by switching from a $100 deductible to a $500 deductible, or save $466 by switching to a $1,000 deductible. Younger drivers, like the Age 20 chart data, could reduce their rates up to $1,026 or even more just by choosing larger deductibles.
When choosing a higher deductible, it is necessary to have emergency funds available to enable you to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Why are you paying too much for car insurance?
California insurance rates are based on many factors which can significantly increase or decrease the price you pay. Simply getting older, buying a home, or getting a reckless driving citation can trigger changes in premium resulting in some rates now being more affordable than before. Additionally, insurance companies file new California car insurance rates as needed to adjust for gains or losses. Significantly higher losses can result in higher rates, while a better claims history can cause cheaper San Jose car insurance rates.
To illustrate this point, the bar chart below shows which company has the cheapest car insurance in San Jose, CA for a 40-year-old female driver with a clear driving record, no claims, and a decent credit rating. When comparing rates based on her personal risk profile, USAA might offer the most affordable car insurance rates in San Jose at $1,247 a year. This is $404 less than the average policy premium paid by California drivers of $1,651. Wawanesa, CSAA, Century National, and Nationwide are the rest of the cheapest San Jose, CA auto insurance companies.
In the next rate comparison, we’ll give the driver from the first set of rates a claim surcharge, a lower credit score, and a couple of points charged on her driving record. Since each company has a unique approach to establish rates, getting updated rate quotes may result in a slightly different list of the cheapest companies as shown below.
Grange now has the best price in San Jose, CA with Allstate, Mercury, Progressive, and GEICO now being in the top five. This example proves why drivers need to perform an extensive rate comparison when trying to find the best insurance quotes for teachers.
Prices are calculated by many things and can change without notice, so the best price the last time you shopped your coverage around may now be one of the more expensive options.
If you aren’t sure which coverage you need and prefer to have some advice when comparing insurance rates for teachers and educators, the agents below can provide answers to your questions and help you determine which car insurance policy is best.
To find an agent close to you, click the button at the bottom or click here to compare price quotes now.
- Allstate Insurance: Phuong Tran
510 N 1st St Ste 224 – San Jose, CA 95112 – (408) 993-9898
- Thachvu Ho – State Farm Insurance Agent
1025 Lincoln Ave – San Jose, CA 95125 – (408) 267-4100
- Jim Fiorentino – State Farm Insurance Agent
3150 Almaden Expy #204 – San Jose, CA 95118 – (408) 267-3276
- Sergio Plascencia Insurance Agency
3136 Story Rd – San Jose, CA 95127 – (408) 254-8336