The words “low-cost” and “insurance” really shouldn’t be used in the same sentence, in particular when trying to find the cheapest coverage for real estate agents. Because it’s so expensive, let’s get started by showing you a few of the factors that influence car insurance prices, and figure out some ways to take the bite out of the next policy you buy.
The vehicle model on the policy is a large factor in finding the most economical coverage for real estate agents. Vehicles with lower performance, modern passenger safety features, or a track record of few liability claims will cost significantly less to insure than higher performance models. The next list estimates coverage premiums for a number of the more affordable automobiles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 4WD | $1,131 |
| Ford F-150 XL Super Cab 4WD | $1,272 |
| Toyota RAV4 Sport 2WD | $1,342 |
| Honda CR-V LX 2WD | $1,390 |
| Honda Odyssey EX-L | $1,412 |
| Toyota Camry XLE | $1,422 |
| Toyota Prius | $1,436 |
| Kia Optima LX | $1,438 |
| Honda Accord EX 2-Dr Coupe | $1,509 |
| GMC Sierra SL Extended Cab 2WD | $1,542 |
| Chevrolet Silverado 3500HD LT Crew Cab Diesel 2WD | $1,559 |
| Dodge Grand Caravan Crew | $1,569 |
| Chevrolet Malibu LT | $1,575 |
| Toyota Tacoma Double Cab 4WD | $1,569 |
| Jeep Wrangler Unlimited Sahara 2WD 4-Dr | $1,591 |
| Ford Focus SE 4-Dr Sedan | $1,615 |
| Chevrolet Impala LS | $1,623 |
| Compare Cheap Rates Go | |
Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Rate information does not factor in vehicle garaging location which can influence rates noticeably.
Based on these rates, you can see that models like the Ford Escape, Ford F-150, Toyota RAV4, Honda CR-V, and Honda Odyssey will definitely be the most affordable vehicles to insure for realtors.
Determining which companies quote the cheapest insurance rates for real estate agents involves a little more work in order to find the lowest price. Every car insurance company uses their own formula for filing rates in each state, so we need to take a look at the overall cheapest insurance companies in Texas.
It’s a good idea to be aware that Houston insurance rates are based on many factors that control the price of coverage. Turning one year older, moving to a new city, or getting a driving violation can cause premium changes that can now make some companies cheaper than before.
Cheapest Insurance Rates for Realtors
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,021 |
| 2 | USAA | $1,084 |
| 3 | Texas Farm Bureau | $1,211 |
| 4 | Germania Mutual | $1,256 |
| 5 | Esurance | $1,365 |
| 6 | California Casualty | $1,424 |
| 7 | State Farm | $1,465 |
| 8 | Mercury | $1,476 |
| 9 | Nationwide | $1,553 |
| 10 | Safe Auto | $1,565 |
| 11 | Progressive | $1,664 |
| 12 | Allstate | $1,667 |
| 13 | Amica | $1,723 |
| 14 | Home State | $2,092 |
| 15 | GEICO | $2,093 |
| 16 | MetLife | $2,161 |
| 17 | Unitrin | $2,241 |
| 18 | Encompass | $2,255 |
| 19 | 21st Century | $2,469 |
| 20 | Titan | $2,594 |
| Get Personalized Rates Go | ||
Travelers normally has some of the lowest car insurance rates in Houston at around $1,021 each year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also be considered some of the most economical Houston, TX auto insurance companies.
As shown in the rates above, if you have coverage with Texas Farm Bureau and switched to Travelers, you might achieve a yearly price reduction of roughly $190. Drivers with Germania Mutual could save as much as $235 a year, and Esurance customers might lower prices by up to $344 a year.
To get a quick, customized rate comparison, click here to start a quote or quote prices from the following companies.
Remember that these premium estimates are averaged for all types of drivers and the different vehicles they drive and are not factoring in a specific location for real estate agents. So the auto insurance company that is best suited for you may not even be in the top 23 companies shown above. That helps illustrate why you need to get auto insurance quotes using your own personal information and vehicle type.
Rate difference between full and liability-only coverage
Finding cheaper insurance is important to most people, and one easy way to find cheaper insurance for real estate agents is to only buy liability coverage. The chart below illustrates the comparison of insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in Texas. Data assumes no claims or driving violations, $500 deductibles, single marital status, and no policy discounts are applied.
As an overall average, physical damage coverage on your policy costs an additional $2,393 per year more than just buying liability insurance. Lot’s of drivers question if physical damage coverage is worth the money. There is no clear-cut formula for excluding physical damage coverage, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.
For example, let’s assume your vehicle’s claim settlement value is $10,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $9,000 after paying your deductible. If you are paying more than $900 a year to have full coverage, then you may want to consider only buying liability coverage.
How to get discounts on Houston auto insurance
Auto insurance companies that provide policies for real estate agents may also provide price discounts that could reduce prices by 35% or more if you can meet the requirements. Popular insurance companies and the discounts they provide are outlined below.
- Farmers Insurance may include discounts for teen driver, early shopping, multi-car, electronic funds transfer, good student, switch companies, and pay in full.
- State Farm policyholders can earn discounts including Drive Safe & Save, good student, driver’s education, multiple policy, Steer Clear safe driver discount, and accident-free.
- Liberty Mutual includes discounts for hybrid vehicle, teen driver discount, exclusive group savings, new move discount, and preferred payment discount.
- MetLife has savings for defensive driver, multi-policy, good driver, accident-free, good student, claim-free
- Progressive offers discounts for continuous coverage, good student, online signing, multi-policy, online quote discount, and homeowner.
The chart below shows the difference between insurance rates with and without discounts applied to the premium. The prices are based on a male driver, no violations or accidents, Texas state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with claim-free, homeowner, passive restraint, safe-driver, anti-theft, and multiple policy discounts applied. When these discounts are applied to the policy premium, theaverage amount saved on insurance for real estate agents is 28% or $599.
Selecting a highly-rated insurance company can be challenging considering how many companies there are in Texas. The ranking information displayed below may help you pick which auto insurance companies you want to consider comparing prices from.
These rankings are only made up of companies that write coverage in many states, so companies that only write business in Texas or surrounding areas are not taken into consideration for these rankings. To compare rates from these and other top-rated companies, click this link.
Top 10 Major Auto Insurance Companies in Houston Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- Titan Insurance
- AAA Insurance
Ideas for buying cheaper car insurance for real estate agents
It is possible to find better rates, and here are some penny-pinching suggestions that can help drivers locate cheaper auto insurance.
- Maintain a safe distance and avoid accidents
- Do not pay for comprehensive and collision coverage on older vehicles
- Safer vehicles generally have cheaper insurance rates
- Home or renters coverage can save on auto insurance
- Violations like speeding or DUI increase rates
- Try to pay small claims out-of-pocket
- Shop around for cheaper prices
The last tip in the list is extremely valuable, as we noted in the prior article. Coverage rates change a lot, so you should be ready to buy from a different company if you can save money. Many drivers tend to have loyalty to a certain company, but is isn’t recommended if that inflexibility results in costing you hundreds of dollars a year. It only take a few minutes to shop around and find cheaper insurance for real estate agents in Houston.
The Houston car insurance agencies listed below can probably help you decide which auto insurance policy fits you best, since some people have coverage questions and would like to have a consultation when buying car insurance for realtors. It’s not always easy to find the cheapest car insurance policy, so using a licensed agent can provide you satisfaction knowing you have adequate coverage when you need it most.
To find a Houston insurance agent close to you, click the link at the bottom.
- Ben Speer – State Farm Insurance Agent
1110 E NASA Pkwy Ste 300 – Houston, TX 77058 – (281) 204-8282 - State Farm: Ken Quach
6489 Wilcrest Dr – Houston, TX 77072 – (281) 498-1010 - Gem Insurance Agencies
3355 W Alabama St #850 – Houston, TX 77098 – (713) 622-2330 - Allrisc Insurance Agency
6918 Corporate Dr – Houston, TX 77036 – (713) 771-6000 - AA-USA-Insurance
702 W Sam Houston Pkwy S – Houston, TX 77042 – (713) 914-0354