Auto Insurance For Managers, Professionals, and Directors

Auto Insurance for managers, professionals, and directors is generally affordable due to the low-risk nature of their jobs. Auto insurance for managers from Geico averages $151/mo. Auto insurance rates for managers and other professionals may be higher if you drive an expensive car. Ask about car insurance discounts through your employer to save.

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Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Cynthia Lanctot is an insurance professional with ten years of industry experience. Cynthia is licensed in several states, and holds an associate in claims law, as well as a bachelor’s degree in English. Cynthia’s experience includes the New England and Northeast states. She currently works as a liability claims professional and an occasional online contributor.

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Reviewed by Cynthia Lanctot
Licensed Agent

UPDATED: Jul 16, 2021

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A Concise Overview:

  • Professionals, managers, and directors pay less for auto insurance as a percent of income.
  • Individuals in managerial positions have better credit.
  • Car insurance discounts can help save hundreds per year.

The cost of auto insurance for professionals, managers, and directors depends on the auto insurance company. Car insurance rates for managers are affordable, but the challenge for any occupation is to find a reliable insurance company. Auto insurance for people in manager jobs isn’t likely to take up a large percentage of income. Because people in management positions often drive more expensive vehicles, full coverage auto insurance will likely be needed.

If you want to search for the cheapest car insurance in your area, enter your ZIP code to see car insurance quotes for managers, professionals, and directors from the best companies near you.

Auto Insurance for Professionals, Managers, and Directors

Professionals, managers, and directors earn enough per year to pay for auto insurance from the top companies in the United States. Therefore, the only challenge for these occupations is getting a dependable provider. Managers should reference reliable insurance reviews from A.M. Best and J.D. Power to find a reputable insurance company.

A.M. Best and J.D. Power are financial strength and credit rating agencies that measure companies’ finances and credit each year.

Auto insurance for managers, professionals, and directors is no different than any other occupation. Most consumers have to go through the voluntary market to get insurance. They will also need to have at least liability car insurance.

Why do insurers ask about your occupation?

Car insurance companies want to know your occupation to verify your identity, determine how much you drive your vehicle, and estimate your education level. All these factors determine your level of risk.

According to the Bureau of Labor Statisitics, administrative service managers require Bachelor’s Degree and less than five years of professional experience.

Watch this informational video on administrative service managers from the Bureau of Labor Statistics.

Statistics say that people with college degrees are less likely to file a claim. If you have a job where a Bachelor’s Degree is required, you may eligible for a discount. You may also apply for an alumni discount.

Find out how much car insurance will cost for you by entering your ZIP code in the free comparison tool.

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Auto Insurance Rates for Managers

Car insurance for managers is generally affordable. Here are some Geico insurance rates by occupation.

Geico Average Auto Insurance Rates for Managers, Directors, and Professionals
Auto Insurance Policy TermGeico Average Rates
Monthly Rates$151
Six-Month Rates$906
Annual Rates$1,812
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Executives and other professionals in manager positions receive the same auto insurance rates.

Does your annual mileage affect auto insurance for managers?

During the car insurance quote process, you’ll be asked what your vehicle is used for and how often. Cars that you drive every day to work are considered vehicles for general use, while vehicles you drive on the weekend are known as pleasure use.

Auto insurance companies will issue cheaper rates if you plan to drive your car less than average. According to the Federal Highway Administration, The average licensed driver in the United States drives 14,425 miles per year. However, auto insurance companies will issue higher rates if you drive 12,000 or more. The following table examines coverage rates based on annual commute mileage from top insurance companies.

Average Annual Auto Insurance Rates by Commute
CompaniesAverage Annual Rates for
10 Miles Commute
6000 Annual Mileage
Average Annual Rates for
25 Miles Commute
12000 Annual Mileage
USAA$2,483$2,592
GEICO$3,163$3,267
State Farm$3,176$3,344
American Family$3,401$3,485
Nationwide$3,437$3,463
Progressive$4,030$4,041
Farmers$4,179$4,209
Travelers$4,400$4,470
Allstate$4,842$4,934
Liberty Mutual$5,995$6,152
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Despite having the largest market share, State Farm auto insurance is more expensive than USAA car insurance. Geico is the second cheapest company, while Liberty Mutual is the most costly.

Which companies offer auto insurance discounts for managers?

Managers with an Associate’s, Bachelor’s, Master’s, or Doctorate’s Degree can receive a further education discount. Here is a list of companies with further education discounts available:

  • Ameriprise
  • Country Financial
  • Esurance
  • Geico
  • Liberty Mutual
  • Nationwide
  • Safeco
  • The Hanover
  • Travelers

If you have a good credit score, an auto insurance company may lower your rates. According to the Federal Trade Commission, car insurance companies use credit scores to determine the risk of the consumer.

You can also qualify for safe driver and defensive driver discounts if you have a clean driving record. Insurance companies will look back at least three years to make sure you haven’t had any violations, accidents, or convictions before you are eligible for these discounts.

Compare auto insurance for managers by entering your ZIP code in the free comparison tool below.

Frequently Asked Questions: Auto Insurance for Managers

Check below for answers to some common questions.

#1 – What occupation is the cheapest for auto insurance?

The top 10 occupations with the cheapest auto insurance are clerical assistant, local government officer, medical secretary, secretary, classroom aide, book-keeper, legal secretary, police officer, secretary and PA, and retiree.

#2 – What insurance company has the best auto rates?

USAA, Geico, and State Farm generally have the best car insurance rates, though it may depend on what discounts you’re eligible for.

#3 – How much should full coverage auto insurance cost?

Full coverage auto insurance should cost $1,030, according to the National Association of Insurance Commissioners (NAIC).

#4 – What coverage do you really need for auto insurance?

The minimum requirement for car insurance is liability coverage.

#5 – Which insurance company is best for auto?

The best company for auto insurance is USAA. However, USAA is only available to members of the U.S. Armed Forces and their immediate families.

#6 – Does my personal auto insurance cover business use?

No. You’ll need to purchase commercial auto insurance if you drive your vehicle for business use.

#7 – Who usually has the cheapest auto insurance?

USAA usually has the cheapest car insurance, but it can vary by state.

#8 – Should I keep full coverage on my car?

If you have a financed car, the finance company will require you to get full coverage. Full coverage ensures that your vehicle will be covered regardless of who is at fault.

References:

  1. https://www.bls.gov/ooh/management/administrative-services-managers.htm
  2. https://www.fhwa.dot.gov/ohim/onh00/onh2p11.htm
  3. https://www.consumer.ftc.gov/articles/0152-credit-scores

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