The car, truck, or SUV on the policy is probably the largest consideration when looking for low-cost auto insurance for real estate agents. Vehicles with average performance, a plethora of safety features, or a low likelihood of having liability claims will cost quite a bit less to insure than fast, unsafe models. The next list showcases coverage costs for the most cost-effective automobiles to buy insurance for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda Accord EX 4-Dr Sedan||$1,378|
|Honda CR-V EX-L 4WD||$1,409|
|Ford Escape Limited 2WD||$1,419|
|Volkswagen Jetta S 2.5 Station Wagon||$1,637|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$1,711|
|Hyundai Elantra SE 4-Dr Sedan||$1,721|
|Ford Focus S 4-Dr Sedan||$1,748|
|Chevrolet Malibu LTZ||$1,750|
|Honda Odyssey Touring||$1,759|
|Toyota RAV4 Limited 2WD||$1,782|
|Ford F-150 SVT Raptor Super Cab 4WD||$1,819|
|Ford Explorer Eddie Bauer AWD||$1,824|
|Nissan Rogue SL AWD||$1,835|
|Chevrolet Impala LT||$1,841|
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Prices do not factor in specific location which can change price quotes substantially.
Based on these rates, we can conclude that vehicles like the Honda Accord, Honda CR-V, Ford Escape, and Toyota Prius are most likely to be some of the more affordable vehicles to insure for realtors.
For realtors, one of the more important components that are used to help calculate the amount you pay for auto insurance is the neighborhood you call home. Cities with larger populations or higher claim trends like Los Angeles, Oakland, and San Francisco tend to have higher rates, whereas areas with less people or fewer weather incidents have the benefit of cheaper car insurance.
The information below sorts the most expensive areas in California for real estate agents in which to purchase auto insurance.
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Prices are comparative as zip code location can decrease or increase coverage prices significantly.
Finding reliable, affordable auto insurance is not always easy, and deciding which companies quote the cheapest car insurance rates for real estate agents in California will involve even more work. Each auto insurance company uses slightly different criteria to determine premium rates, so first let's look at the rankings for the lowest cost car insurance companies in California.
Find Cheaper Auto Insurance for Realtors
|Rank||Company||Cost Per Year|
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USAA offers some of the cheapest car insurance rates in California at around $1,121 a year. Wawanesa, Century National, Nationwide, and CSAA also are some of the cheapest California auto insurance companies.
As shown in the table above, if you are currently insured with CSAA and switched to Wawanesa, you might achieve a yearly price reduction of about $65. Insureds with 21st Century may save as much as $181 a year, and Grange insureds might realize rate reductions of up to $276 a year.
To get a fast rate comparison, click here to start your custom quote or feel free to get quotes from the companies below.
It's important to note that these rates are averaged across all drivers and vehicles and do not factor in a rate decrease for real estate agents. So the car insurance company that can offer you the best price may not even be in the top 24 companies shown above. That underscores the importance of why you need to compare rates from as many companies as possible using your own personalized driver profile and vehicle information.
How much more does full coverage cost?
Reducing the cost of car insurance should be important to the majority of people, and one of the easiest ways to find cheap insurance for real estate agents in California is to not buy full coverage. The chart below compares yearly insurance costs with and without full coverage. The data is based on no accidents or driving violations, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.
If averaged out across all ages, comp and collision coverage costs $2,003 per year more than buying just liability insurance. That is a large expense and it proposes the question if buying full coverage is a waste of money. There is no definitive rule to stop buying physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of coverage is 10% or more of replacement cost minus your deductible, then you may want to consider only buying liability coverage.
How to get discounts on California insurance rates
Insurers that provide coverage for real estate agents could also offer price discounts that may potentially lower prices by as much as 35% or more if you are eligible. Popular car insurance companies and a partial list of their discounts are shown below.
- State Farm includes discounts for Steer Clear safe driver discount, safe vehicle, defensive driving training, passive restraint, anti-theft, good driver, and multiple autos.
- GEICO has savings for seat belt use, five-year accident-free, good student, driver training, anti-theft, and military active duty.
- SAFECO may offer discounts for homeowner, drive less, teen safety rewards, accident prevention training, and teen safe driver.
- Farmers Insurance offers discounts for business and professional, youthful driver, good student, alternative fuel, pay in full, and mature driver.
- AAA discounts include good driver, good student, multi-car, multi-policy, pay-in-full, and education and occupation.
- USAA policyholders can earn discounts including vehicle storage, defensive driver, multi-policy, good student, and family discount.
The information below shows the difference between auto insurance rates with and without discounts applied to the rates. Data assumes a female driver, a clean driving record, no claims, California state minimum liability limits, full physical damage coverage, and $100 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second shows the rates with claim-free, multiple policy, anti-theft, homeowner, accident-free, and safe-driver discounts applied. In this example, theaverage amount saved on car insurance for real estate agents is 28% or $905.
Tips to find economical car insurance for real estate agents
It's not impossible to find cheaper rates, and here are some money-saving ideas that can help California drivers quote cheaper coverage.
- Avoid getting tickets or violations
- If possible, do not file small claims
- Higher credit scores may earn you cheaper rates
- Choose a safer vehicle and pay lower rates
- Avoid at-fault accidents and claims
- Compare quotes from other companies often
That last idea is very critical, as was discussed in the prior information. Auto insurance rates go up and down frequently, so drivers shouldn't be reluctant to buy from a new company if a more affordable price is available. Brand loyalty is not necessarily bad, but we do not recommend it if that stubbornness costs you potentially thousands of dollars a year. In just a few minutes you could compare prices to find cheaper insurance for real estate agents.