The make and model of vehicle that is being insured is one of the primary factors when quoting the most economical coverage for teachers. Vehicles with lots of speed or power, poor safety ratings, or high incidents of liability claims will cost much more to insure than more economical and safe models.
The next list features coverage prices for the most budget-friendly automobiles to buy coverage for.
|Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$1,096|
|Hyundai Elantra SE Touring Station Wagon||$1,188|
|Ford F-150 XLT Regular Cab 4WD||$1,229|
|Ford Escape XLT 4WD||$1,283|
|GMC Sierra SLE Crew Cab 2WD||$1,295|
|Dodge Grand Caravan SXT||$1,319|
|Ford Explorer Limited 2WD||$1,328|
|Honda Accord LX-P 4-Dr Sedan||$1,343|
|Toyota Corolla XLE||$1,364|
|GMC Sierra 2500HD SLE Crew Cab 4WD||$1,388|
|Chevrolet Equinox LTZ 2WD||$1,393|
|Honda Civic DX 4-Dr Sedan||$1,457|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,469|
|Chevrolet Malibu Hybrid||$1,485|
|Toyota Tacoma 4WD||$1,504|
|Ford Focus SES 4-Dr Sedan||$1,535|
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Table data represents single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Estimates do not factor in specific location information which can affect insurance rates greatly.
Based on these rates, we can assume that makes and models like the Honda CR-V, Hyundai Elantra, Ford F-150, Ford Escape, and GMC Sierra will definitely be a few of the most affordable vehicles to insure for teachers and educators.
For teachers and educators, one of the more important components that aid in calculating the annual cost of car insurance is where you call home. Areas with high crime rates or more dense population are more likely to have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates have the luxury of cheap car insurance rates.
The information below sorts the highest-priced areas in Indiana for teachers to purchase car insurance in. Indianapolis comes in at #6 with an annual cost of $1,082 for the average insured, which is approximately $90 monthly.
|Rank||City||Premium Per Year|
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Rate quotes are approximated as specific location information can affect price quotes considerably.
Insurance rate increases from tickets or accidents
One of the best ways to maintain cheap auto insurance prices in Indianapolis for teachers and educators is to be an attentive driver and avoid at-fault accidents and violations. The chart below illustrates how traffic citations and at-fault accidents can affect car insurance costs for each age group. The data assumes a married female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied.
In the prior example, the average cost of car insurance in Indianapolis per year with a clean driving record and no accidents is $1,024. Get written up for two speeding tickets and the average cost hikes up to $1,448, an increase of $424 each year. Now include two accidents along with the two speeding tickets and the annual cost of auto insurance for teachers goes up to an average of $3,103. That’s an increase of $2,079, or $173 per month, just for not driving attentively!
Get discounts on Indianapolis auto insurance rates
Car insurance companies that offer coverage for teachers may also offer discounts that could potentially reduce rates by 30% or more if you qualify. A few of the larger companies and some of the discounts are outlined below.
- GEICO may offer discounts for driver training, good student, anti-theft, anti-lock brakes, defensive driver, and membership and employees.
- Mercury Insurance may have discounts that include accident-free, good student, low natural disaster claims, multi-car, and location of vehicle.
- Farmers Insurance includes discounts for good student, teen driver, switch companies, early shopping, bundle discounts, alternative fuel, and youthful driver.
- Auto-Owners Insurance offers premium reductions for multi-policy, paid in full, safe vehicle, air bags, safe driver, multiple vehicles, and anti-lock brakes.
- Liberty Mutual has savings for newly married, newly retired, teen driver discount, multi-policy, safety features, and new graduate.
- SAFECO policyholders can earn discounts including teen safety rewards, accident prevention training, bundle discounts, teen safe driver, and safe driver.
- Progressive offers discounts including good student, continuous coverage, multi-vehicle, online signing, multi-policy, online quote discount, and homeowner.
- USAA discounts include vehicle storage, defensive driver, multi-vehicle, family discount, loyalty savings, and military installation.
The diagram below visualizes the comparison of insurance prices with and without discounts applied to the premium. The premiums assume a male driver, no claims, a clean driving record, Indiana state minimum liability limits, full physical damage coverage, and $1,000 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, vehicle safety, claim-free, marriage, multiple policy, and passive restraint discounts applied. When these discounts are applied to the policy premium, the average savings per year on auto insurance for teachers is 28% or $441.
The information below illustrates how your deductible choice can increase or decrease insurance rates when researching cheap insurance for teachers. The price estimates are based on a single male driver, comprehensive and collision coverage, and no policy discounts are applied.
The data above shows that a 50-year-old driver could lower their car insurance rates by $312 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $470 by switching to a $1,000 deductible. Young drivers, such as the 20-year-old example, could lower their rates as much as $1,042 each year by using a higher deductible.
When choosing a higher deductible, it will be required to have emergency funds available to allow you to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
Tips for buying budget-friendly car insurance for teachers
It is possible to find better rates, and here are a few thrifty suggestions that can help drivers quote lower-cost coverage.
- Drive safe vehicles
- Earn a discount by not filing claims
- Avoid at-fault accidents and claims
- Do not insure for full coverage
- Bundle home and auto and earn a discount
- Do not get tickets
- Ensure you have the best deal by shopping around regularly
The last tip is particularly important, as was discussed in the prior article. Insurance prices go up and down frequently, so drivers shouldn’t hesitate to switch to a new company if you find a better deal. Sticking with a specific company is fine, but it isn’t a good idea if that loyalty ends up costing a wad of cash every year. Now is a great time to compare prices and find cheaper insurance for teachers in Indianapolis.
If you wish to have a consultation when buying car insurance for teachers, the agents shown below can provide answers to your questions and help you determine which auto insurance policy fits you best. To find an Indianapolis insurance agency closest to you, click the link after the list or click here to compare rates now.
- Indiana Auto Insurance Group
201 N Illinois St – Indianapolis, IN 46204 – (317) 641-4572
- Chris Stringer – State Farm Insurance Agent
4875 W 56th St g – Indianapolis, IN 46254 – (317) 803-2241
- Gregory and Appel Insurance
1402 N Capitol Ave #400 – Indianapolis, IN 46202 – (317) 634-7491
- Brenda Bond – State Farm Insurance Agent
4475 W 71st St – Indianapolis, IN 46268 – (317) 328-0882
- Sarah Holtrup – State Farm Insurance Agent
1480 W Southport Rd c – Indianapolis, IN 46217 – (317) 888-5200