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How to take advantage of education employee status when buying auto insurance in New Jersey:
Insurance regulations in New Jersey allow companies to use occupation as a basis for setting rates. As a result, a handful of New Jersey insurance carriers have rates and insurance products specifically tailored to specific occupations, like teaching. Educators, it has been found, have many characteristics that make them good insurance risks and ideal customers. This opens the door for insurers to create special discounts, or, in the case of a company like Teachers’ Insurance Plan of NJ, to design an entire company and rating plan around offering educators lower rates. be used to tell a story and let your users know a little more about your product or service. How can you benefit them?
Rates vary greatly by carrier, even among companies that have special products or discounts for teachers. That’s because insurance companies focus on different customer segments and look at different rating factors when determining your insurance premium. As an educational employee, you should be careful to research which companies offer special rates for NJ teachers, administrators and staff.
Shopping these companies raises your likelihood of saving money and may also bring with it other benefits that apply only to educators. Be discerning though: while multiple companies will offer a small discount for your profession, it is much rarer to find an insurer whose entire pricing and benefit model is structured exclusively around educators. In NJ, Teachers’ Insurance Plan is the only auto insurer in this category.
Be sure to compare apples to apples: exact coverage amounts and limits may not be the same. That could mean lower coverage levels in exchange for a lower rate.
Insurance shopping checklist for educators
Does Your Insurance Offer Educator Discounts?
Check how much you could be saving on auto insurance from Teachers' Insurance Plan. Request a free no-obligation quote!
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"Remember, Teachers’ Insurance Plan of NJ is the only NJ company that offers specially priced auto and homeowner insurance, with added educator benfits, exclusively for NJ educators. And as an educator-focused company we’re involved in the NJ teaching community with grants, fundraisers and special resources for teachers."
Call 800-521-4084 to speak to an agent!
Identify NJ insurers that offer special rates for school employees, especially if your current carrier is not such a company.
Compare multiple carriers with equivalent coverages and limits.
Ask about special, educator-specific benefits. Educators are valuable customers, so you should expect to get some additional benefits that others do not get.
Tailor your coverage to your budget: options like pre-payment or higher deductibles can save you money
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