Compare Real Estate Agent Car Insurance Rates [2023]
Real estate agent car insurance rates, or realtor car insurance, are $101.25/mo. Increased risk of accidents from higher travel time and stress levels often leads to higher real estate agent car insurance rates, or real estate agent insurance cost.
Free Car Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Michael Vereecke
Commercial Lines Coverage Specialist
Michael Vereecke is the president of Customers First Insurance Group. He has been a licensed insurance agent for over 13 years. He also carries a Commercial Lines Coverage Specialist (CLCS) Designation, providing him the expertise to spot holes in businesses’ coverage. Since 2009, he has worked with many insurance providers, giving him unique insight into the insurance market, differences in ...
Commercial Lines Coverage Specialist
UPDATED: Nov 7, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Nov 7, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- People in sales and people in real estate have higher travel time than other careers
- Due to the increased time in the car, these drivers have an increased risk of having an auto accident
- This increased risk can lead to higher insurance rates
- Remember to take advantage of the discounts that are available to you by your insurer
The national average annual rate for auto insurance for people with careers in sales or real estate is $1215.04. This is in the higher range in terms of what people pay by career.
Wondering why you are paying so much for auto insurance for realtors? Everything goes back to how much stress you have on the job and how much time you spend driving for your job. That’s some of the details we will be discussing below, not details on the best car for real estate agents.
Searching for real estate agent auto insurance quotes? Enter your ZIP code above to compare auto insurance rates from multiple auto insurance companies!
Real Estate Car Insurance Rates / Real Estate Insurance Cost
Both of these types of jobs rely heavily on commissions in order to be successful (and we understand the type of real estate agent car can help play a role).
As far as the insurance company is concerned, this means that every sale that you try to make is vital for your financial wellbeing.
This type of stress can make you a more careless driver and it increases your risk factors with the insurance company.
Another thing that you need to think about is just how much time you spend in your vehicle for work.
People both in sales and in real estate spend more time driving (hopefully, you have the best real estate car) while talking or texting on the phone than in most other career types which also increases your risk of having an accident since you are being distracted.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
Secured with SHA-256 Encryption
The Exceptions to the Rule
Not everyone who works in sales and/or real estate will have to pay higher real estate agent auto insurance rates.
For example, there is a major difference between someone who works in sales at JC Penny versus someone who works in sales at a car lot.
It is important to make that distinction when you are getting auto insurance quotes because if you simply say you are in sales rather than a sales associate, then you will end up paying higher rates.
The same thing applies to real estate. There is a difference between a real estate agent (real estate agent insurance) and someone who works in a real estate office.
Again, it is important that you answer questions regarding your career, and not in regards to the field in which your career is situated.
The Downside to Using Occupation as a Marker
No matter what occupation you have chosen for yourself, there is one major downside to insurance companies using your occupation to determine how much you will pay for your auto insurance.
Regarding auto insurance requirements for real estate agents, auto insurance companies don’t account for how successful you are or what type of role you might have in your company.
For example, there are some real estate agents who have not been impacted at all by the economic downturn, but insurance companies don’t take how much you are making into consideration when quoting you your rates.
A car salesman, for example, will probably have a higher stress level if they work at a place like Ford rather than a place like CarMax. CarMax works in a rotation so that everyone gets a chance to sell, it isn’t first come first serve.
Every dealer gets the same commission no matter what vehicle that they sell, so the stress is reduced.
However, car insurance companies (not real estate insurance companies) simply don’t make this distinction, which means that your rates are the same no matter how easy or stressful your job might be.
What Insurance Does A Real Estate Agent Need? / Real Estate Agent Insurance Quote
Saving money is just as easy for a real estate agent or someone in sales as it is for any other career.
In addition, you also need to shop around for your insurance so you can be sure that you are getting the lowest rates.
You can do that right now, if you are looking for affordable real estate agent auto insurance, by entering your ZIP code below and comparing auto insurance rates between several reputable auto insurers today.
Frequently Asked Questions
Do real estate agents need special car insurance coverage?
Real estate agents typically do not need special car insurance coverage solely based on their profession. However, they may have specific needs or risks associated with their job, such as using their personal vehicles for property showings or transporting clients. It’s important to inform your insurance provider about any business or work-related use of your vehicle to ensure you have appropriate coverage.
What type of coverage do real estate agents need for their vehicles?
Real estate agents generally require standard personal auto insurance coverage for their vehicles. This includes liability coverage, which provides protection if you cause damage or injury to others while driving, as well as comprehensive and collision coverage to protect against damage to your vehicle in the event of an accident, theft, or other covered perils. It’s advisable to discuss your specific needs with insurance providers to ensure you have adequate coverage.
Can real estate agents use their personal vehicles for work-related purposes?
Yes, real estate agents often use their personal vehicles for work-related purposes, such as showing properties to clients or attending meetings. However, it’s important to inform your insurance provider about any business or work-related use of your vehicle. Personal auto insurance policies may not cover accidents or incidents that occur during work-related use. Additional coverage, such as a business use endorsement or a commercial auto insurance policy, may be necessary.
How can real estate agents find the best car insurance rates?
To find the best car insurance rates as a real estate agent, consider the following tips:
- Shop around: Obtain quotes from multiple insurance providers to compare rates and coverage options.
- Review coverage needs: Assess your specific coverage needs and choose the appropriate policy options.
- Maintain a good driving record: A clean driving record can help lower your insurance premiums.
- Look for discounts: Inquire about available discounts, such as multi-policy discounts or safe driver discounts, to potentially reduce your insurance costs.
Are there any coverage options tailored for real estate agents?
There are no specific coverage options exclusively for real estate agents. However, real estate agents have access to the same coverage options as any other policyholder. It’s important to choose coverage that aligns with your specific needs and circumstances. Additionally, if you use your vehicle for business purposes, you may need to consider additional coverage options, such as business use endorsement or commercial auto insurance.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
Secured with SHA-256 Encryption
Michael Vereecke
Commercial Lines Coverage Specialist
Michael Vereecke is the president of Customers First Insurance Group. He has been a licensed insurance agent for over 13 years. He also carries a Commercial Lines Coverage Specialist (CLCS) Designation, providing him the expertise to spot holes in businesses’ coverage. Since 2009, he has worked with many insurance providers, giving him unique insight into the insurance market, differences in ...
Commercial Lines Coverage Specialist
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.