Auto Insurance for Managers and Directors (Rates & Discounts)
Auto insurance rates for managers and directors can be as low as $90/mo or $1,080/yr. However, manager and director car insurance rates are determined by various factors, and if you own a high-value car you can expect higher rates. You can get cheap auto insurance quotes for managers and directors by shopping around. Compare director and manager car insurance to find the best rates.
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UPDATED: Apr 29, 2021
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- Auto insurance rates for managers and directors can be as low as $90
- Several factors determine auto insurance rates, such as age, company, credit score, driving record, and vehicle
- There are specialty insurance policies specifically for managers and directors
Auto insurance rates for managers and directors depend on what company they have and other factors that determine auto insurance.
Director and manager insurance is the same as any other driver, but you can get in-depth specialty policies from a manager insurance company.
Read through this short guide to learn how to compare auto insurance quotes for managers and directors, what factors impact your auto insurance rates the most, and how you can save money on your policy.
If you’re ready to start comparing auto insurance for managers and directors right now, enter your ZIP code in the free online quote tool above to shop around at multiple companies.
How much are auto insurance rates for managers and directors?
Car insurance rates for managers and directors are similar to any other driver in the United States. However, auto insurance premiums depend on several factors, such as:
- Gender (outlawed in some states)
- Marital Status
- Credit History
- Commute Mileage
- Driving Record
- Coverage Level
These factors will determine your auto insurance premiums at most companies, but your rates will vary. Let’s look at the auto insurance cost for managers and directors from the top companies in the United States.
|Company||Average Annual Auto Insurance Rates|
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Although USAA is the cheapest company, it’s only available to military veterans and their immediate families. All other companies on the list are public, though.
The most affordable auto insurance for managers and directors is found through State Farm, GEICO, and Nationwide.
Bear in mind that people in higher-income jobs often buy more expensive cars. That can cause your insurance rates to go up, since high-value cars cost more to insure.
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Can I get lower auto insurance rates for managers and directors?
The short answer is yes, but it depends on your situation. While managers and directors earn higher wages than some average drivers, car insurance companies focus on overall risk.
According to the National Association of Insurance Commissioners (NAIC), the average cost of full coverage auto insurance is $1,080 per year. However, the quote process adjusts rates based on risk.
One of those risks is your driving record. If you maintain a clean driving record, you can secure a low price and buy auto insurance for managers and directors that’s close to the NAIC average.
But other factors influence the overall cost. Therefore, discounts are the best way to save money and reduce the stress of your budget.
How do I get discounts on auto insurance for managers and directors?
When you get a quote online, some of these discounts are applied automatically. Your vehicle’s VIN and other personal information are matched up within an insurance company’s database and used to calculate your rates.
The company’s discounts are applied to that initial rate. However, there are some discounts that won’t be applied until you’ve had your policy for a while.
It may take some micromanaging of your policy to ensure you’re getting your money’s worth, but do whatever you can to make your budget more cost-efficient.
Bundling Other Products to Manager and Director Auto Insurance
Sometimes the best auto insurance companies won’t carry specialty insurance. Companies like InsureOne have special insurance just for managers and directors.
Here are the different types of work environment policies that can be bundled with other products.
- Directors and Officers Liability Insurance (D&O)
- Employment Practices Liability Insurance (EPLI)
- Employee Dishonesty Insurance
- Errors and Omissions Insurance (E&O)
These liability policies shield employers and employees from lawsuits, false claims, and other legal complications that they may face at the workplace.
They’re a standard for more complex and layered companies, but it’s not uncommon for smaller companies to add these policies for managers and directors.
Auto Insurance for Managers and Directors: What’s the bottom line?
Manager and director auto insurance rates can be the same as any other driver, but personal factors determine auto insurance. High-earning potential doesn’t disqualify anyone from cost-efficient coverage.
Use your credit history and other discounts to your advantage to secure affordable auto insurance for managers and directors.
Before you buy auto insurance for managers and directors, use our free comparison tool below to compare the best companies near you.