Compare Real Estate Agent Car Insurance Rates in 2024 (Top 10 Companies)
Compare real estate agent car insurance rates with top providers like Farmers, State Farm, and Progressive. Renowned for their competitive rates, these companies offer tailored coverage, bundle discounts, and customizable policies, making them the top choices for real estate professionals.
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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: Feb 12, 2024
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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: Feb 12, 2024
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
Company Facts
Average Monthly Rate For Good Drivers
A.M. Best Rating
Complaint Level
Company Facts
Average Monthly Rate For Good Drivers
A.M. Best Rating
Complaint Level
Pros & Cons
Company Facts
Average Monthly Rate For Good Drivers
A.M. Best Rating
Complaint Level
Farmers, State Farm, and Progressive stand out as the top companies when you compare real estate agent car insurance rates. Factors such as credit score, mileage, coverage level, and driving history play significant roles in determining insurance premiums. These leading insurers cater to diverse customer profiles with tailored rates.
For those of you who have chosen a career in sales or real estate, your chosen occupation affects car insurance, leading to higher insurance rates, or higher realtor car insurance. Searching for real estate agent car insurance quotes? Enter your ZIP code above to compare car insurance rates from multiple car insurance companies!
Company | Rank | See Pros/Cons | Real Estate Agent Discount | Multi-Car Discount | Best for |
---|---|---|---|---|---|
#1 | Farmers | Up to 10% | Up to 15% | Policy Options | |
#2 | State Farm | Up to 8% | Up to 20% | Bundle Discounts | |
#3 | Progressive | Up to 12% | Up to 12% | Customizable Policies | |
#4 | Allstate | Up to 15% | Up to 18% | Safe-Driving Discounts | |
#5 | Nationwide | Up to 10% | Up to 15% | Vanishing Deductibles | |
#6 | Liberty Mutual | Up to 8% | Up to 14% | Multi-Policy Discounts | |
#7 | Travelers | Up to 10% | Up to 16% | 24/7 Support | |
#8 | American Family | Up to 7% | Up to 13% | Quick Claims | |
#9 | Esurance | Up to 9% | Up to 14% | Online Convenience | |
#10 | AAA | Up to 12% | Up to 15% | Roadside Assistance |
#1 – Farmers: Tailored Coverage Solutions
Progressive stands out as the top choice for real estate agents, offering customizable policies and innovative solutions tailored to their dynamic lifestyles.
Melanie Musson Melanie Musson
Pros
- Diverse policy options: Farmers stands out with a range of policy options, allowing customers to tailor coverage to their specific needs.
- Competitive discounts: Offers up to 10% real estate agent discounts and up to 15% multi-car discounts, providing potential for significant savings.
- Well-established company: Farmers has a long-standing presence in the insurance industry, offering stability and reliability to customers.
Cons
- Discount limitations: While offering competitive discounts, the maximum percentages may be lower compared to some competitors.
- Lack of online convenience: Online services may not be as user-friendly or convenient as some other companies.
Read more: Farmers Car Insurance Review
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#2 – State Farm: Maximize Savings With Bundle Discounts
Pros
- Generous bundle discounts: State Farm offers up to 20% bundle discounts, making it an attractive option for customers bundling multiple policies.
- Wide range of discounts: With up to 8% real estate agent discounts, State Farm provides various discount opportunities to save on premiums.
- Highly rated for safe driving: State Farm’s safe-driving discounts, up to 18%, reward customers with good driving records.
Cons
- Potentially higher rates: Rates may be higher for certain individuals, especially if they don’t qualify for the maximum discounts.
- Limited online discounts: While offering online convenience, some discounts may be more accessible through traditional channels.
Read more: State Farm Car Insurance Review
#3 – Progressive: Your Policies and Your Way
Pros
- Customizable policies: Progressive’s strength lies in offering highly customizable policies, allowing customers to tailor coverage to their exact needs.
- Robust discounts: With up to 12% real estate agent discounts and 12% multi-car discounts, Progressive provides substantial savings opportunities.
- Online convenience: Progressive excels in providing an online platform for quotes, policy management, and claims processing.
Cons
- Varied customer service reviews: While some customers praise Progressive’s customer service, others report mixed experiences.
- Rate increases: Progressive’s rates may increase over time, affecting long-term affordability for some customers.
Read more: Progressive Car Insurance Review
#4 – Allstate: Deductibles That Vanish and Savings That Stay
Pros
- Generous safe-driving discounts: With up to 15% discounts, Allstate incentivizes and rewards safe driving habits.
- Variety of discount options: Offers a range of discounts beyond safe-driving, providing opportunities for additional savings.
- Feature-rich policies: Allstate’s policies come with a variety of features and optional coverages, allowing customers to tailor their plans.
Cons
- Potentially higher rates: While offering discounts, some customers may find Allstate’s base rates to be on the higher side.
- Mixed customer service reviews: Customer experiences with Allstate’s customer service vary, with some reporting satisfaction and others facing challenges.
Read more: Allstate Car Insurance Review
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#5 – Nationwide: Deductibles That Vanish and Savings That Stay
Pros
- Vanishing deductibles: Nationwide’s unique vanishing deductibles program rewards safe driving, offering deductible reductions over time.
- Diverse discount opportunities: Beyond vanishing deductibles, Nationwide provides various discount options for additional savings.
- Wide range of coverage options: Nationwide offers a comprehensive range of coverage options, catering to different customer needs.
Cons
- Limited safe-driving discounts: While vanishing deductibles are a highlight, the safe-driving discounts may be less competitive compared to some rivals.
- Online presence: Nationwide’s online services may not be as intuitive or advanced as those offered by some tech-focused competitors.
#6 – Liberty Mutual: Multi-Policy Discounts for Comprehensive Coverage
Pros
- Multi-Policy discounts: Liberty Mutual provides up to 14% discounts for customers bundling multiple policies, leading to potential significant savings.
- Coverage variety: Offers a variety of coverage options, allowing customers to tailor their policies to their unique needs.
- Established company: As a well-established insurer, Liberty Mutual provides stability and reliability.
Cons
- Limited real estate agent discounts: While offering multi-policy discounts, the specific real estate agent discounts may be lower than those of some competitors.
- Potentially higher base rates: Some customers may find Liberty Mutual’s base rates to be less competitive.
Read more: Liberty Mutual Car Insurance Review
#7 – Travelers: Around-the-Clock Support for Your Peace of Mind
Pros
- 24/7 support: With round-the-clock support, Travelers ensures customers have assistance whenever they need it.
- Variety of discounts: Offers a range of discounts, including safe-driving discounts, providing multiple avenues for savings.
- Customizable policies: Travelers allows customers to customize their policies, ensuring coverage meets individual needs.
Cons
- Limited real estate agent discounts: While offering various discounts, the real estate agent discounts may not be as high as those of some competitors.
- Potentially higher rates: Depending on individual circumstances, Travelers’ rates may be comparatively higher.
Read more: Travelers Car Insurance Review
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#8 – American Family: Swift Solutions With Quick Claims
Pros
- Quick claims processing: American Family prioritizes quick claims processing, ensuring a streamlined experience for customers.
- Customizable coverage: Offers customizable coverage options, allowing customers to tailor policies to their specific needs.
- Local agent presence: With a strong local agent network, American Family provides personalized support.
Cons
- Limited real estate agent discounts: The real estate agent discounts may be lower compared to some competitors.
- Potentially higher rates: Depending on individual factors, American Family’s rates may be less competitive.
Read more: American Family Car Insurance Review
#9 – Esurance: Seamless Coverage at Your Fingertips
Pros
- Online convenience: Esurance excels in providing a user-friendly online platform, offering convenience for policy management, quotes, and claims.
- Competitive discounts: Offers up to 9% real estate agent discounts and up to 14% multi-car discounts, providing potential for substantial savings.
- Technology-driven approach: As a digital-focused insurer, Esurance leverages technology for efficient and streamlined customer experiences.
Cons
- Limited physical presence: Esurance’s online-centric approach may be less appealing to customers who prefer in-person interactions.
- Coverage options: While competitive, the range of coverage options may be more limited compared to some traditional insurers.
#10 – AAA: Roadside Assistance and More for Total Security
Pros
- Roadside assistance: AAA is renowned for its roadside assistance services, providing peace of mind to customers facing unexpected vehicle issues.
- Varied discounts: Offers up to 12% real estate agent discounts and up to 15% multi-car discounts, allowing for potential savings.
- Membership benefits: Beyond insurance, AAA provides additional membership benefits, including travel and retail discounts.
Cons
- Membership costs: AAA’s membership fees may add an additional cost, which might not be appealing to customers solely seeking insurance.
- Potentially higher rates: Insurance rates may be higher for certain individuals, impacting overall affordability.
Read more: AAA Car Insurance Review
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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.
Insurance Company | Full Coverage | Minimum Coverage |
---|---|---|
Farmers | $139 | $44 |
State Farm | $86 | $33 |
Progressive | $105 | $39 |
Allstate | $160 | $61 |
Nationwide | $115 | $44 |
Liberty Mutual | $174 | $68 |
Travelers | $99 | $37 |
American Family | $117 | $44 |
Esurance | $114 | $46 |
AAA | $86 | $32 |
Examining the average monthly car insurance rates for real estate agents reveals a competitive landscape. Farmers leads with a full coverage rate of $139 and a minimum coverage rate of $44, closely followed by State Farm at $86 and $33. Progressive maintains balance at $105 and $39, while Allstate is slightly higher at $160 for full coverage and $61 for minimum coverage.
Liberty Mutual trends higher with $174 for full coverage and $68 for minimum coverage. Travelers strikes a balance at $99 and $37, American Family offers affordability at $117 and $44, and Esurance is competitive at $114 and $46. AAA stands out as budget-friendly with a full coverage rate of $86 and a minimum coverage rate of $32.
These rates reflect a spectrum of options tailored to diverse needs and budgets within the real estate agent community. 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.
The Exceptions to the Rule
Not everyone who works in sales and/or real estate will have to pay higher real estate agent car 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 car 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.
Case Studies: Real Estate Agent Car Insurance Rates
Case Study 1: Farmers – Tailored Protection for a Realtor on the Move
Meet Sarah, a successful real estate agent with a hectic schedule. Farmers Insurance proved to be the perfect match for her dynamic lifestyle. With up to 10% real estate agent discounts and an additional 15% multi-car discount, Sarah experienced substantial savings.
What sets Farmers apart is its policy flexibility, offering Sarah a range of options to customize coverage based on her unique needs. Whether she’s hosting open houses or commuting to property viewings, Farmers’ tailored protection ensures Sarah is covered every step of the way.
Case Study 2: State Farm – Bundle and Save for a Busy Real Estate Professional
John, a seasoned real estate professional, found his ideal insurance partner in State Farm. With up to 8% real estate agent discounts and an impressive 20% bundle discount, John saved significantly by combining his car and home insurance.
State Farm’s reputation for safe-driving discounts, up to 18%, was an added benefit for John, reflecting his commitment to responsible driving habits. The convenience of managing policies and claims with State Farm’s responsive customer support further solidified its position as John’s top choice.
Case Study 3: Progressive – Customized Coverage Solutions for a Tech-Savvy Realtor
Emily, a tech-savvy realtor always on the go, discovered Progressive as the insurance provider that matched her lifestyle. With up to 12% real estate agent discounts and customizable policies, Emily had the flexibility to tailor coverage to her exact needs.
Progressive’s innovative use of technology, such as Snapshot, allowed Emily to earn additional discounts based on her driving habits. As a realtor with a penchant for customization, Progressive’s approach to providing personalized solutions made it the perfect fit for Emily’s insurance needs.
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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 car insurance. Regarding car insurance requirements for real estate agents, car 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 car insurance, by entering your ZIP code below and comparing car insurance rates between several reputable car insurers today.
Frequently Asked Questions
What Factors Impact Real Estate Agent Car Insurance Rates?
Car insurance rates for real estate agents can be influenced by factors such as driving history, mileage, credit score, and the level of coverage needed. Insurance providers may also consider the type of vehicle and the specific demands of a real estate profession.
How Can I Save on Car Insurance as a Real Estate Agent?
To maximize savings, real estate agents should explore discounts offered by insurance providers. Taking advantage of multi-car discounts, bundling policies, maintaining a clean driving record, and considering safe-driving programs can contribute to reduced premiums.
Which Car Insurance Company Offers the Best Discounts for Real Estate Agents?
Farmers, State Farm, and Progressive are recognized for providing competitive discounts for real estate agents. These discounts may include multi-car discounts, bundle discounts, and specific incentives for individuals in the real estate profession
What Coverage Options are Essential for Real Estate Agents?
Real estate agents may benefit from comprehensive coverage options, including liability coverage, collision coverage, and coverage for business use of the vehicle. It’s important to tailor coverage to individual needs and consider options like rental car reimbursement and roadside assistance.
Can I Customize My Car Insurance Policy as a Real Estate Agent?
Yes, many insurance companies, such as Progressive, provide customizable policies. This allows real estate agents to tailor coverage to their unique requirements, adjusting limits and adding specific endorsements to meet the demands of their profession.
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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.