The words “bargain” and “insurance” really don’t belong together, especially when trying to find the best price on coverage for real estate agents. Because of the high cost, let’s lead off by showing you a few of the things that have an impact on car insurance premiums, and see if you can take the sting out of the next policy you buy.
The vehicle model requiring insurance is one of the largest considerations that determines if you can find cheap auto insurance for real estate agents. Vehicles with higher performance, poor safety ratings, or a history of substantial liability claims will cost significantly more to insure than more modest models. The list below ranks car insurance costs for some of the most economical vehicles to insure.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Ford Escape XLT 4WD||$1,935|
|Honda CR-V LX 2WD||$2,163|
|Ford Edge Limited 2WD||$2,191|
|Toyota RAV4 2WD||$2,235|
|Dodge Grand Caravan SXT||$2,279|
|Jeep Wrangler Sahara 4WD 2-Dr||$2,432|
|Chevrolet Silverado 3500HD LT Crew Cab 2WD||$2,441|
|Chevrolet Impala LS||$2,516|
|Honda Odyssey EX||$2,523|
|Hyundai Elantra SE Touring Station Wagon||$2,522|
|Volkswagen Jetta SE 2.5 Station Wagon||$2,529|
|Toyota Camry Hybrid||$2,563|
|Toyota Tacoma Double Cab 4WD||$2,566|
|Ford F-150 XL Super Cab 4WD||$2,597|
|Dodge Ram Crew Cab Laramie 2WD||$2,607|
|Ford Explorer Limited 2WD||$2,613|
|Honda Civic VP 4-Dr Sedan||$2,650|
|Ford Focus S 4-Dr Sedan||$2,688|
|Toyota Corolla S||$2,700|
|Chevrolet Malibu LT||$2,800|
|Chevrolet Silverado 2500HD LTZ Crew Cab Diesel 2WD||$2,838|
|Hyundai Sonata SE 4-Dr Sedan||$2,888|
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Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Price information does not factor in zip code location which can impact premiums significantly.
By looking at the data, you can figure that models like the Ford Escape, Honda CR-V, and Ford Edge are going to be a few of the cheaper vehicles to insure for realtors.
One of the more important factors that are used to help calculate car insurance rates is where your car is garaged. Cities with larger populations or higher claim trends tend to have higher auto insurance costs, whereas less populated areas have the gratification of cheaper auto insurance rates.
The following table shows the most expensive cities in California for real estate agents to purchase a policy in. Los Angeles is ranked #1 with the annual price of $2,168 on average, which is around $181 monthly.
|Rank||City||Premium Per Year|
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Table data uses approximated as the specific area where the vehicle is garaged can modify coverage rates considerably.
Finding the right insurance provider can be difficult considering how many companies provide coverage in California. The company information shown next can help you choose which coverage providers to look at when shopping your coverage around.
The rankings below include the largest auto insurers in America, so companies with more of a regional focus are not taken into consideration for the list. To get rate quotes from the insurers below and more, simply click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
|AAA of Southern California||91||94||97||92%||A+||94.1|
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Data Source: Insure.com Best Car Insurance Companies
Get discount Los Angeles insurance rates
Insurers that offer quotes for real estate agents could also offer premium discounts that could lower prices by 30% or more if you meet the requirements. Popular car insurance companies and some of their more popular discounts are outlined below.
- Progressive may have discounts that include multi-policy, online quote discount, continuous coverage, multi-vehicle, homeowner, and good student.
- The Hartford policyholders can earn discounts including bundle, vehicle fuel type, anti-theft, good student, driver training, and air bag.
- Mercury Insurance may offer discounts for good student, good driver, professional/association, accident-free, and type of vehicle.
- GEICO discounts include driver training, anti-lock brakes, daytime running lights, military active duty, and seat belt use.
- AAA includes discounts for good student, good driver, AAA membership discount, anti-theft, multi-car, and pay-in-full.
- State Farm has discounts for student away at school, driver’s education, safe vehicle, multiple policy, anti-theft, multiple autos, and good driver.
The information below visualizes the comparison of insurance costs with and without policy discounts. The prices are based on a female driver, no violations or accidents, California state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with safe-driver, accident-free, marriage, claim-free, passive restraint, and defensive driving course discounts applied. When discounts are factored in, theaverage amount saved on car insurance for real estate agents is 28% or $549.
Rate comparison of full coverage and liability-only
Paying a lower price for car insurance is probably important to most vehicle owners, and an easy way to save on the cost of insurance for real estate agents is to not pay for full coverage. The diagram below compares insurance costs when comparing full coverage to liability only. Data assumes a clean driving record, no at-fault accidents, $250 deductibles, drivers are not married, and no additional discounts are factored in.
Averaged for all ages 20 through 70, physical damage coverage on your policy costs $3,147 per year more than insuring for liability only. That is a large expense and it proposes the question if buying full coverage is worth the money. There is no definitive guideline to stop paying for full coverage, but there is a general convention. If the yearly cost of comp and collision coverage is about 10% or more of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.
How to find cheaper auto insurance for real estate agents
The list below details some of the better money-saving solutions that can help drivers quote more affordable coverage.
- Ensure your driving record is clean
- Save money by staying claim-free
- Good credit scores may make rates cheaper
- Safe vehicles cost less to insure
- Accident-free drivers may qualify for discounts
- Shop around for cheaper rates regularly
That last piece of advice is notably important, as was noted in this article. Prices charged by car insurance companies in Los Angeles adjust often, so don’t be afraid to change to a new company if a more affordable rate is found.
Staying with the same company for years is fine, but it’s not recommended if that loyalty results in overpaying money that could be going to better use. In less than five minutes you could compare rates to find cheaper insurance for real estate agents.
The agents below can help you decide which coverage meets your needs best, as some drivers have questions and prefer to get some guidance when shopping for the best coverage for realtors. It can be hard to find the cheapest car insurance policy, so getting advice from a licensed California insurance agent can give you peace of mind knowing your policy gives you enough protection.
To locate a Los Angeles car insurance agency near you, click the link after the list.
Ted Hope – State Farm Insurance Agent
2049 W Manchester Ave – Los Angeles, CA 90047 – (323) 752-4885
Karla Greene – State Farm Insurance Agent
611 Wilshire Blvd #911 – Los Angeles, CA 90017 – (213) 239-9675
Paul Major – State Farm Insurance Agent
12030 Washington Blvd Ste A – Los Angeles, CA 90066 – (310) 482-3990
Bob Little – State Farm Insurance Agent
11654 W Pico Blvd – Los Angeles, CA 90064 – (310) 478-2001
621 S Westmoreland Ave – Los Angeles, CA 90005 – (213) 384-2062