The type of vehicle you are buying coverage for is one of the largest factors that determines the availability of the most economical auto insurance for real estate agents. Vehicles with more horsepower, poor crash test ratings, or high incidents of liability claims will cost more to insure than more economical and safe models. The table below features car insurance premiums for some of the most cost-effective automobiles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda Odyssey EX||$1,331|
|Honda CR-V EX-L 4WD||$1,338|
|Toyota RAV4 Limited 4WD||$1,357|
|GMC Sierra SLE Crew Cab 2WD||$1,364|
|Chevrolet Equinox LS 2WD||$1,357|
|Ford Escape Limited 4WD||$1,401|
|Hyundai Elantra SE Touring Station Wagon||$1,409|
|Toyota Tacoma 4WD||$1,403|
|Toyota Camry SE||$1,432|
|Toyota Corolla XRS||$1,459|
|Volkswagen Jetta SE 4-Dr Sedan||$1,468|
|Dodge Grand Caravan CV||$1,461|
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Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Rates do not factor in your specific Laredo, TX location which can lower or raise prices considerably.
Based upon the rates shown, we can presume that vehicles like the Honda Odyssey, Honda CR-V, and Toyota RAV4 will be the most affordable vehicles to insure for realtors.
For realtors, one of the more important things that determine auto insurance rates is the neighborhood you call home. Areas with increased crime or more people are more likely to pay higher prices, whereas less populated areas can boast about having cheaper rates.
The illustration below shows the priciest cities in Texas for real estate agents in which to purchase auto insurance. Laredo is listed at #3 having an annual price of $1,889 for the average policyholder, which is around $157 monthly.
|Rank||City||Average Per Year|
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Annual rates are comparative as the specific zip code location can increase or decrease coverage rates noticeably.
Finding cheap insurance is challenging, and deciding which insurers offer the cheapest car insurance rates for real estate agents requires even more perseverance. Each auto insurer uses their own formula for determining prices, so first let’s look at the rankings for the car insurance companies with the most affordable rates in Laredo.
Find Cheaper Auto Insurance for Realtors
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,247|
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Travelers quotes some of the most affordable car insurance rates in Laredo at around $1,021 each year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also some of the cheapest Laredo, TX insurance companies.
In the above rates, if you currently buy coverage from Germania Mutual and switched to USAA, you might see an annual savings of roughly $128. Customers with Esurance might save as much as $251 a year, and California Casualty customers might lower prices by up to $268 a year.
Be aware that those estimates are averages across all ages of drivers and types of vehicles and do not factor in a specific zip code for real estate agents. So the company that has the lowest price for you may not even be in the list above. That is why you need to get car insurance quotes using your own driver and vehicle profiles.
Texas car insurance company ratings
Selecting a high-quality insurer is difficult considering how many companies provide coverage in Texas. The company ratings below may help you select which providers to look at shopping your coverage with.
These ratings include the largest companies in America, so companies that may only write in Texas are not taken into consideration for these rankings. To get price quotes from these and other competitive companies, just click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Rate comparison of full coverage and liability-only
Reducing the cost of car 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 illustration below shows the comparison of insurance costs with liability coverage only compared to full coverage. The rate quotes are based on no driving violations, no at-fault accidents, $1,000 deductibles, marital status is single, and no other discounts are factored in.
If averaged out across all ages, physical damage coverage on your policy costs $1,598 per year more than buying just liability insurance. Many drivers may wonder when is the right time to remove full coverage. There is no specific rule to exclude physical damage coverage, but there is a general convention. If the annual cost of coverage is more than about 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.
How to find economical car insurance for real estate agents
The list below shows many penny-pinching suggestions that can help Texas drivers quote cheaper coverage.
- Choose a safer vehicle and pay lower rates
- Increase your comprehensive and collision deductibles
- Remain accident-free and save
- Clean up your credit
- Serious violations like DUI or reckless driving can increase rates dramatically
- Shop around for lower rates once a year
The last tip in the list is highly significant, as we discussed in this article. Prices charged by companies in Laredo change frequently, so you should be ready to switch carriers if a better rate can be found. We understand brand loyalty, but it’s not a great idea if that loyalty results in overpaying a fortune every year. It only takes a couple minutes to compare rates to find cheaper insurance for real estate agents.
The insurance agencies below can probably help you decide which insurance coverage you need, since some drivers wish to get some professional input when comparing insurance rates for realtors. It’s not always simple to do it yourself, so a professional agent can bring peace of mind knowing your policy gives you sufficient protection if you have a claim. To locate a Laredo car insurance agency using an interactive map, click the link at the bottom or click here to compare price quotes now.
- Cavazos Insurance Agency
2107 San Bernardo Ave – Laredo, TX 78040 – (956) 723-4623
- Medina Wright Insurance
1419 Clark Blvd – Laredo, TX 78040 – (956) 722-4618
- Castillo Insurance Agency
1413 E San Carlos St – Laredo, TX 78041 – (956) 727-0129
- Kike Trevino – State Farm Insurance
517 Shiloh Dr #4 – Laredo, TX 78045 – (956) 791-5453
- Lozano Insurance
519 E Gustavus St – Laredo, TX 78040 – (956) 725-2167