Compare Group Car Insurance: Rates, Discounts, & Requirements [2023]
Group car insurance is offered at discounted rates to members and employees of certain groups. A discount insurance group can get you up to 20% off. Compare great car insurance quotes for free below.
Free Car Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Joel Ohman
Founder & CFP®
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...
Founder & CFP®
UPDATED: Sep 22, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Sep 22, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
Insurance Detail | Summary & Advice |
---|---|
Criteria for Eligibility | To be eligible for group insurance, individuals typically need to be alumni, current employees, or members of specific organizations. |
Benefits of Group Insurance | Due to the collective bargaining power of the large group, group insurance policies usually offer discounted rates. |
Insurance Providers Offering Group Discounts | A variety of insurance providers offer discounts to individuals who are members of specific groups or affiliations. |
Range of Potential Discounts | Depending on the insurer and the specifics of the group, members might receive discounts that could reach up to 20% off the standard annual rates. |
Recommendation | It's recommended that individuals check with their affiliations, like their alma mater or employer, to see if any group insurance discounts are available to them. |
Specific Alumni Discounts | Alumni from certain institutions may qualify for special discounts, but these can vary based on the provider and the specific agreement with the institution. |
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, you can get discount car insurance for group affiliation 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.
How do you get auto group 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 out 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 at your discretion.
If your company does offer a group insurance car 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 discount insurance groups?
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.
If your employer doesn’t currently offer any sort of group insurance plan for car insurance, ask if they would be open to the possibility. They may be able to get a good deal through the provider they use for health insurance or business insurance. Since many providers offer discounts on insurance premiums to people and companies that purchase multiple policies, this might be beneficial to both your employer and the employees.
If your employer’s insurance provider does not offer auto insurance, consult with an independent insurance agency to find out about the best options for a group car insurance plan for the company.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
Secured with SHA-256 Encryption
How do you get 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.
How do you find insurance groups for cars 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 their 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 of 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.
What are the benefits of insurance car groups?
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.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
Secured with SHA-256 Encryption
What are the drawbacks of group car insurance 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 insurance on a group of cars 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.
What are the best practices when shopping for group car insurance?
One of the top tips for getting the best insurance 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.
Insurance Company | Monthly Rate |
---|---|
Allstate | $160 |
American Family | $117 |
Farmers | $139 |
Geico | $80 |
Liberty Mutual | $174 |
Nationwide | $115 |
Progressive | $105 |
State Farm | $86 |
Travelers | $99 |
USAA | $59 |
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.
State | Coverages | Limits |
---|---|---|
Alaska | BI & PD Liability | 25/50/25 |
Alabama | BI & PD Liability | 50/100/25 |
Arkansas | BI & PD Liability | 15/30/10 |
Arizona | BI & PD Liability, PIP | 25/50/25 |
California | BI & PD Liability | 15/30/5 |
Colorado | BI & PD Liability | 25/50/15 |
Connecticut | BI & PD Liability, UM, UIM | 25/50/20 |
District of Columbia | BI & PD Liability, PIP | 25/50/10 |
Delaware | BI & PD Liability, UM | 25/50/10 |
Florida | PD Liability, PIP | 10/20/10 |
Georgia | BI & PD Liability | 25/50/25 |
Hawaii | BI & PD Liability, PIP | 20/40/10 |
Iowa | BI & PD Liability | 25/50/15 |
Idaho | BI & PD Liability, UM, UIM | 25/50/20 |
Illinois | BI & PD Liability | 25/50/25 |
Indiana | BI & PD Liability | 20/40/15 |
Kansas | BI & PD Liability, PIP | 25/50/25 |
Kentucky | BI & PD Liability, PIP, UM, UIM | 25/50/25 |
Louisiana | BI & PD Liability | 15/30/25 |
Massachusetts | BI & PD Liability, UM, UIM, Medpay | 50/100/25 |
Maryland | BI & PD Liability, PIP, UM, UIM | 30/60/15 |
Maine | BI & PD Liability, PIP | 20/40/5 |
Michigan | BI & PD Liability, PIP | 20/40/10 |
Minnesota | BI & PD Liability, PIP, UM, UIM | 30/60/10 |
Missouri | BI & PD Liability | 25/50/25 |
Mississippi | BI & PD Liability, UM | 25/50/25 |
Montana | BI & PD Liability | 25/50/20 |
North Carolina | BI & PD Liability, UM, UIM | 25/50/25 |
North Dakota | BI & PD Liability | 25/50/20 |
Nebraska | FR only | 25/50/25 |
New Hampshire | BI & PD Liability, PIP, UM, UIM | 15/30/5 |
New Jersey | BI & PD Liability | 25/50/10 |
New Mexico | BI & PD Liability, PIP, UM, UIM | 25/50/10 |
Nevada | BI & PD Liability, UM, UIM | 30/60/25 |
New York | BI & PD Liability, PIP, UM, UIM | 25/50/25 |
Ohio | BI & PD Liability | 25/50/25 |
Oklahoma | BI & PD Liability | 25/50/25 |
Oregon | BI & PD Liability, PIP, UM, UIM | 25/50/20 |
Pennsylvania | BI & PD Liability, PIP | 15/30/5 |
Rhode Island | BI & PD Liability | 25/50/25 |
South Carolina | BI & PD Liability, UM, UIM | 25/50/25 |
South Dakota | BI & PD Liability, UM, UIM | 25/50/25 |
Tennessee | BI & PD Liability | 25/50/15 |
Texas | BI & PD Liability, PIP | 30/60/25 |
Utah | BI & PD Liability, PIP | 25/65/15 |
Virginia | BI & PD Liability, UM, UIM | 25/50/10 |
Vermont | BI & PD Liability, UM, UIM | 25/50/20 |
Washington | BI & PD Liability | 25/50/10 |
Wisconsin | BI & PD Liability, UM, UIM | 25/50/25 |
West Virginia | BI & PD Liability, UM, Medpay | 25/50/10 |
Wyoming | BI & PD Liability | 25/50/20 |
Remember, the minimum insurance in the table above does not provide a lot of coverage. Liability insurance only covers other drivers’ damages after an accident you cause. To have your own damages covered, you will need to add collision coverage and comprehensive coverage to your auto policy. Doing so will raise your auto insurance premium, but you’ll be covered for just about every situation.
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 strength, 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. It’s always worth talking to your insurance provider and asking about any special discounts you might not know about.
Adaptive Cruise Control | Farm Vehicle | Military | Paperless/Auto Billing |
Adaptive Headlights | Fast 5 | Military Garaging | Passive Restraint |
Anti-lock Brakes | Federal Employee | Multiple Drivers | Recent Retirees |
Anti-Theft | Forward Collision Warning | Multiple Policies | Renter |
Claim Free | Full Payment | Multiple Vehicles | Roadside Assistance |
Continuous Coverage | Further Education | New Address | Safe Driver |
Daytime Running Lights | Garaging/Storing | New Customer/New Plan | Seat Belt Use |
Defensive Driver | Good Credit | New Graduate | Senior Driver |
Distant Student | Good Student | Newer Vehicle | Stable Residence |
Driver's Ed | Green Vehicle | Newly Licensed | Students & Alumni |
Driving Device/App | Homeowner | Newlyweds | Switching Provider |
Early Signing | Lane Departure Warning | Non-Smoker/Non-Drinker | Utility Vehicle |
Electronic Stability | Life Insurance | Occasional Operatior | Vehicle Recovery |
Emergency Deployment | Low Mileage | Occupation | VIN Etching |
Engaged Couple | Loyalty | On Time Payments | Volunteer |
Family Legacy | Married | Online Shopper | Young Driver |
Family Plan | Membership/Group | Paperless Documents |
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.
Frequently Asked Questions
How do you get auto group insurance through your employer?
Contact your company’s HR department or check the employee handbook for information on group car insurance options. Larger companies are more likely to offer group insurance.
How do you get group car insurance through schools?
Some schools offer car insurance discounts to alumni. Check with your school’s alumni office or development staff to find out if they have a group car insurance option.
How do you find insurance groups for cars through organizations?
Professional and special interest organizations may offer group car insurance. Check the organization’s website or contact them directly for information on group insurance options.
What are the benefits of insurance car groups?
Group car insurance can save you money, with discounts of up to 20%. Other benefits may include additional discounts, flexible payment options, and loyalty discounts for long-term employment.
Who are the top five insurance companies?
The top five insurance companies in the U.S. by market share are State Farm, GEICO, Progressive, Allstate, and USAA.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
Secured with SHA-256 Encryption
Joel Ohman
Founder & CFP®
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...
Founder & CFP®
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.