Military E5+ Car Insurance Rates

Military E5+ car insurance rates are on average $99.42/mo. Heightened stress and responsibility of the job may make military E5+ car insurance rates higher than most even with a discount.

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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: May 18, 2020

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Here's what you need to know...

  • Military careers tend to be stressful and this is factored into car insurance rates
  • Most car insurers offer military discounts as a way to give back to those who serve our country
  • There are discounts available that everyone should look into

Being in the military is an honorable commitment. Some individuals enlist for one or more 4-year terms while others make the military their career.

As individuals continue in the military, their enlisted number can increase from E1 to E9 and beyond. Most car insurance companies will offer a military discount to enlisted military.

Even with the discount, the average yearly cost of car insurance for an E5+ in the military is $1,196.27.

To see what type of car insurance rate you qualify for, enter your ZIP code in the FREE box now!

Where They Range

The average yearly rate for car insurance for the military in the E5 class is in the middle to high range for many reasons.

The reason that the E5 class is factored into car insurance is because if someone reaches an E5 status, it usually means they have made the military their career.

An E5 status has different titles depending on what branch of the military you serve in.

  • In the Army, an E5 is a Sergeant (Sgt).
  • In the Navy and in the Coast Guard, an E5 is a Petty Officer Second Class (PO2).
  • In the Air Force, an E5 is a Staff Sergeant (Ssgt).
  • In the Marines, an E5 is a Sergeant (Sgt).

With an E5 status comes an increase in salary, an increase in pension benefits, and an increase in responsibilities.

When car insurance rates are set, occupations are taken into consideration.

This is because each occupation has a typical set of driving habits. For E5 military status, there are a few factors that the insurance industry has taken into consideration when setting car insurance rates.

The first factor taken into account is that many E5s are stationed overseas for periods of time. This means that their spouses, who remain on US soil, will be doing most of the driving.

The other factor considered is stress. Being in the military is stressful and if you are the spouse of a soldier overseas, stress is part of daily life.

Stress changes the driving habits of people. Stress can decrease concentration and stressful individuals have the tendency to drive faster. In 3 out of 5 accidents where a direct cause is not known, drivers admit to being under stress at the time of the accident.

Because of this, insurance carriers raise the coverage rates of individuals who have a stressful job, and being in the military is considered a stressful job.

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Do You Get A Military Discount On Car Insurance?

It hasn’t always been the case that enlisted military members receive discounts on car insurance.

However, in the last 10 years with all the United States military situations that have been taking place around the world, many companies, including car insurance carriers, have decided to honor the military in any way possible.

Almost every car insurance carrier offers a military discount to active duty or reserve individuals as well as to veterans. All that is needed to receive this discount is proof of your enlisted status via a paycheck or enlistment papers.

For veterans, a copy of discharge papers or a copy of a pension paycheck is all that is needed.

In addition to the military discount, there are other discounts available to those in the military and anyone else who qualifies.

Things like anti-theft devices, being a good driver, having no moving violations, paying your car insurance premiums on time, and as a student, making good grades can get your discounts on your car insurance policy.

Be sure to always ask about discounts when purchasing a policy.

Shopping Tips

When looking for a car insurance carrier, the first thing to do is look for companies that offer the military discount.

In addition to this, you need to look for a carrier that is licensed in your state. This can be done by going to your state’s department of insurance and looking at their list of licensed companies. Being licensed means the company is backed up in the case of a financial crisis.

Another thing you can do it look at the company’s financial rating. Independent rating companies such as A.M. Best, rate insurance companies on their overall financial stability.

In order to do this, companies are assessed on their assets and cash value versus how much they have in total policies. Lastly, compare rates from several companies to find your best deal.

To compare car insurance rates now, enter your ZIP code in the FREE box!

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