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.