Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jan 25, 2021

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Group Car Insurance Summary
Group Car InsuranceDetailSource
Organization members may qualify for a group insurance policy. Group policies are offered to alumni, employees, and members of certain organizations. Member Organizations
GEICO is one of several insurance companies that offers alumni discounts.GEICO offers a discount of up to 8%.GEICO Insurance Company
Potential DiscountsUp to 20% off annual rates Quadrant Data
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Buying group car insurance can give you a number of benefits. In fact, you may already belong to a group through which you can reap those benefits. In some cases, car insurance discounts for group affiliation can be found if you are an employee, an alumnus, or a member of certain organizations.

We know that looking for car insurance can be anything but easy at times and that’s why we’re here to help. Group car insurance quotes could lead to significant savings. How does group car insurance work? In this guide, we’ll be exploring several avenues through which a group car insurance policy might allow you to get cheaper insurance. We’ll also talk about the perks of using group car insurance plans and some restrictions as well.

If you are looking for affordable group car insurance or something else, use our free tool above to find multiple group car insurance quotes.

Group Car Insurance Through Your Employer

Employers are well-known for offering group health plans, but you may be wondering, “Is car insurance offered through an employer?” That option may exist at your place of employment. If it doesn’t, however, you may be able to persuade your employer to look into it, especially if you have enough backing from fellow employees.

Larger companies may be more apt than smaller firms to provide group options for car insurance, and they may also be able to provide the biggest perks along with it. This is because more employees lead to more advantages when it comes to insuring a group.

Employers that are exceedingly large may be able to offer group insurance options that extend far beyond health and car insurance.

The state of Idaho, for example, offers group insurance programs across the board to its current and retired employees as well as their dependents, according to the state’s Office of Group Insurance website.

MetLife also offers group insurance programs to its customers. On their website, this is the case for their life insurance policy and their car insurance policy. Call the MetLife auto insurance phone number at 1-844-887-1795. There you will be able to find if MetLife offers good auto insurance and learn all things MetLife, including MetLife auto claims.

If you already are a MetLife member, you may be able to find group opportunities with your MetLife auto insurance login. While MetLife auto insurance may not be as popular as Progressive auto insurance, MetLife auto insurance reviews are readily available for your discretion

If your company does offer a car insurance group option, you will probably have to pay for it out of your own pocket. The price and method would depend on the personalized options you choose with your company. Keep in mind that it would also be affected by the bare state minimum car insurance required.

Just as not every employer offers health plans, not every company offers car insurance group options. In addition, every employee may not be eligible for group car insurance plans.

Requirements may include several different factors, including working a minimum amount of work hours each week, having tenure with the company, or being in a specific profession with the firm.

How can I find out more about employer group insurance?

To find out more about what car insurance group options your employer may offer, if any, you may want to start by contacting your company’s Human Resources Department. The information may also be published in your employee handbook or on the firm’s website.

Like group health insurance offered by your employer, group car insurance could save you a significant amount. It is worth checking it out with your employer.

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Group Car Insurance Through Schools

Full-time high school students often get a break with car insurance discounts if they maintain good grades. But current students are not the only ones who may get a break on car insurance rates. Geico is one company that offers discounts to alumni of certain schools. Geico offers up to 8 percent off insurance rates for alumni.

Depending on where you received your advanced education or additional training beyond high school, you may be part of a group that has a car insurance option already in place. Colleges or trade schools may offer car insurance group options, with one example coming from the City University of New York (CUNY).

Car insurance discounts are on the list of the many benefits that come with being a CUNY alumnus, according to the benefits segment of the Alumni Association website. Alumni benefits include discounts on a number of other items as well. Among those benefits were:

  • home insurance
  • dining and travel
  • theater and movie tickets
  • access to CUNY libraries, professional development, and continuing education programs

To be eligible for the benefits that come from being a graduate of a specific school or institution, you are usually required to officially join that particular alumni organization or group as a paying member.

The price of annual membership, however, can balance out the money you save if you take advantage of the car insurance breaks and other cash-saving benefits. Schools may require graduation as a term for membership rather than attendance. Find out more about group options through your school by contacting the development staff or alumni office.

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Group Car Insurance Through Organizations

If I belong to a professional group can I get cheaper car insurance rates? Your profession or your interests may also come into play for car insurance group options if you are part of a professional group or organization.

Many vocations have one or more professional groups associated with them, such as societies for journalists, attorneys, accountants, teachers, and actors. Honorary groups and societies are another set of organizations that may offer car insurance group options to its members.

One example is the Golden Key International Honor Society, which lists insurance discounts as one of the membership benefits on the official website. Membership also merits additional discounts from banks and bookstores.

Even if the group is not related to your profession or education, those that focus on special interests may also offer group options for car insurance. These may include organizations for individuals interested in certain activities and hobbies, such as gardeners or train enthusiasts.

The field can be wide open for membership perks from each particular group, depending on the size, budget, and connections of each specific organization.

Because the perks that come with being a paying member to a particular organization are usually a huge selling point, you may be able to research the availability of car insurance group options directly on an organization’s website. If not, you can always contact the head of the group or chapter in your area to glean the specifics.

Benefits of Car Insurance Group Plans

Perhaps the biggest benefit of obtaining car insurance as part of a group rather than an individual is the cost. Because insurance companies are extending coverage to a larger amount of people, they can offer prices that allow each individual to save money. In terms of a discount, a group plan can vary from company and policy, however, the discount can be as much as 20 percent.

If the car insurance company is saving money by working with a group, they can more easily pass along the savings to members of the group.

Car insurance companies may also be able to offer other discounts in addition to lower premiums. These include:

  • discounts for parking in select parking garages or facilities
  • discounts on car rentals, car accessories
  • services related to your car, such as towing or repairs

Group car insurance plans may also allow for greater flexibility when it comes to the method of payment. For instance, some companies may allow you to automatically pay your premiums through payroll deductions that may be pre-tax. Or you may get additional leeway when it comes to setting up payment plans, such as those scheduled on a monthly, annual, or semi-annual basis.

In order to encourage loyalty to your employer as well as the car insurance company, your car insurance policy could also become less expensive the longer you remain employed.

Tenure discounts may be the term you hear relating to such a break. Car insurance companies may offer similar discounts to individuals, calling them loyalty discounts.

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Cons of Car Insurance Group Plans

Anyone who is a free spirit may dislike the idea of a group plan due to the potential limitations it may impose. An organization that offers group plan options may only do so through a specific auto insurance carrier.

That means you may have to abandon a company you have long enjoyed while setting up a trusting relationship with a new one. This can particularly backfire if the car insurance company offered as part of your group plan has its own set of detriments, such as:

  • poor customer satisfaction
  • an unstable financial portfolio
  • harsh or ridiculous guidelines for filing claims
  • sparse coverage

If you leave or lose your job for any reason, you are also out of the group car insurance plan. While you may be able to retain the same type of coverage and level of car insurance with the same insurance company, you can probably bet your rates will increase, and you’ll no longer enjoy the perks that came with being part of a larger group.

The same potential hazards apply if you drop out of any organization from which you received a car insurance group plan option.

Tips on Shopping for Car Insurance

One of the top tips for getting the best coverage at the best rates is to compare various car insurance companies. Below you will find the average annual rates for the top US-based car insurance companies.

Average Annual Car Insurance Rates from Top Car Insurance Companies
CompaniesAverage Annual Rate
USAA$2,541.91
Geico$3,216.39
State Farm$3,267.63
American Family$3,443.09
Nationwide$3,446.70
Progressive$4,043.83
Farmers$4,188.80
Travelers$4,444.85
Allstate$4,898.25
Liberty Mutual$6,095.54
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These rates may be cheaper through a group policy, so keep that in mind as you are comparing companies. Also, be sure that you are getting the state’s legal requirements when you are looking for car insurance. Here’s a look at minimum car insurance by state.

Car Insurance Requirements by State
StatesInsurance RequiredMinimum Liability Limits
ALBI & PD Liab25/50/25
AKBI & PD Liab50/100/25
AZBI & PD Liab15/30/10
ARBI & PD Liab, PIP25/50/25
CABI & PD Liab15/30/5 (3)
COBI & PD Liab25/50/15
CTBI & PD Liab, UM, UIM25/50/20*
DEBI & PD Liab, PIP25/50/10
DCBI & PD Liab, UM25/50/10
FLPD Liab, PIP10/20/10 (4)
GABI & PD Liab25/50/25
HIBI & PD Liab, PIP20/40/10
IDBI & PD Liab25/50/15
ILBI & PD Liab, UM, UIM25/50/20
INBI & PD Liab25/50/25*
IABI & PD Liab20/40/15
KSBI & PD Liab, PIP25/50/25
KYBI & PD Liab, PIP, UM, UIM25/50/25 (4)*
LABI & PD Liab15/30/25
MEBI & PD Liab, UM, UIM, Medpay50/100/25 (5)
MDBI & PD Liab, PIP, UM, UIM30/60/15
MABI & PD Liab, PIP20/40/5
MIBI & PD Liab, PIP20/40/10
MNBI & PD Liab, PIP, UM, UIM30/60/10
MSBI & PD Liab25/50/25
MOBI & PD Liab, UM25/50/25*
MTBI & PD Liab25/50/20
NEBI & PD Liab, UM, UIM25/50/25
NVBI & PD Liab25/50/20
NHFR only25/50/25
NJBI & PD Liab, PIP, UM, UIM15/30/5 (6)
NMBI & PD Liab25/50/10
NYBI & PD Liab, PIP, UM, UIM25/50/10 (7)
NCBI & PD Liab, UM, UIM30/60/25
NDBI & PD Liab, PIP, UM, UIM25/50/25
OHBI & PD Liab25/50/25
OKBI & PD Liab25/50/25
ORBI & PD Liab, PIP, UM, UIM25/50/20
PABI & PD Liab, PIP15/30/5
RIBI & PD Liab25/50/25
SCBI & PD Liab, UM, UIM25/50/25
SDBI & PD Liab, UM, UIM25/50/25
TNBI & PD Liab25/50/15 (4)
TXBI & PD Liab, PIP30/60/25
UTBI & PD Liab, PIP25/65/15 (4)
VTBI & PD Liab, UM, UIM25/50/10
VABI & PD Liab (9), UM, UIM25/50/20
WABI & PD Liab25/50/10
WVBI & PD Liab, UM, UIM25/50/25
WIBI & PD Liab, UM, Medpay25/50/10
WYBI & PD Liab25/50/20
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And while this may not apply if you are offered only one company option for group plans, you can still compare other companies to make sure you are getting the best deal.

The group car insurance rate may weigh in cheaper than an individual rate all around, but you should still look at other factors that are just as important as a low premium.

These include customer satisfaction, ease and convenience of filing claims, company reputation, a strong financial outlook, and how comfortable you are with the company’s policies.

Ask about additional discounts that may apply, even beyond the group rate discount you may already be getting.

You may be offered a reduced premium for things like being a good driver, low annual mileage, and having a number of safety and security features installed on your vehicle.

Common Car Insurance Discounts Offered by Top Companies
Discounts
Adaptive Cruise Control
Adaptive Headlights
Anti-lock Brakes
Anti-Theft
Claim Free
Continuous Coverage
Daytime Running Lights
Defensive Driver
Distant Student
Driver's Ed
Driving Device/App
Early Signing
Electronic Stability
Emergency Deployment
Engaged Couple
Family Legacy
Family Plan
Farm Vehicle
Fast 5
Federal Employee
Forward Collision Warning
Full Payment
Further Education
Garaging/Storing
Good Credit
Good Student
Green Vehicle
Homeowner
Lane Departure Warning
Life Insurance
Low Mileage
Loyalty
Married
Membership/Group
Military
Military Garaging
Multiple Drivers
Multiple Policies
Multiple Vehicles
New Address
New Customer/New Plan
New Graduate
Newer Vehicle
Newly Licensed
Newlyweds
Non-Smoker/Non-Drinker
Occasional Operatior
Occupation
On Time Payments
Online Shopper
Paperless Documents
Paperless/Auto Billing
Passive Restraint
Recent Retirees
Renter
Roadside Assistance
Safe Driver
Seat Belt Use
Senior Driver
Stable Residence
Students & Alumni
Switching Provider
Utility Vehicle
Vehicle Recovery
VIN Etching
Volunteer
Young Driver
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If you don’t ask, you may never know about these additional discounts.

Ready to buy group car insurance? Now that you know more about group car insurance, start comparing and finding multiple group car insurance rates today; feel free to enter your ZIP code in our free tool below.

Frequently Asked Questions: Group Car Insurance

If you’re still missing a few answers to your questions, you may find them here.

#1 – What does an insurance group mean?

This is a term used in the UK. It doesn’t apply to U.S. car insurance, so if you’re wondering what cars are in the group 1 insurance, or what is the cheapest car insurance group, a UK site may be better suited to answer your questions. If this does apply to you, a car group insurance check can tell you which group your car is in and how much you might pay. There are also several car group insurance checker resources and websites to help you.

#2 – Who are the top five insurance companies?

By market share, the top five insurance companies in the U.S. are:

  • State Farm
  • Geico
  • Progressive
  • Allstate
  • USAA