For realtors, one of the more important considerations that aid in calculating the amount you pay for auto insurance is where you keep your vehicle in Raleigh. More populated areas are more likely to pay higher prices, whereas more rural areas tend to receive cheaper rates.
The next table rates the most expensive areas in North Carolina for real estate agents to buy an auto insurance policy in. Raleigh comes in at #6 with the yearly price of $760 for the average insured, which is about $63 per month.
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Premium amounts are comparative as specific Raleigh zip code can change price quotes significantly.
Deciding which insurers offer the cheapest auto insurance rates for real estate agents requires a bit more effort in order to find the best policy. Each company uses a different method for filing rates in each state, so let’s take a look at the most competitive auto insurance companies in North Carolina.
We do need to point out that North Carolina auto insurance rates are determined by lots of factors which can substantially change the cost of having a policy. Simply turning a year older, increasing liability limits, or getting into an accident may cause policy rate changes resulting in some companies being more affordable than others.
Find the Cheapest Auto Insurance for Realtors
|Rank||Company||Cost Per Year|
|5||NC Farm Bureau||$737|
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Progressive offers some of the lowest car insurance rates in Raleigh at around $632 annually. Utica National, Liberty Mutual, Penn National, and NC Farm Bureau also make the cut as some of the cheaper Raleigh, NC auto insurance companies.
As the rates illustrate above, if you are a policyholder with Penn National and switched to Utica National, you might see annual savings of in the vicinity of $74. Drivers with NC Farm Bureau might save as much as $94 a year, and GEICO policyholders might see rate reductions of $99 a year.
To get a fast rate comparison, click here or click through to the companies below.
These policy prices are averages for all types of insureds and vehicles and and are not calculated with an exact location for real estate agents. So the company that has the lowest price for you may not even be in the list above. That affirms the importance of why you need to compare prices as often as possible using your own specific driver information and vehicle.
The make and model of vehicle needing coverage is one of the main factors that determines if you can find the best cheap insurance for real estate agents. Vehicles with high performance features, a lack of modern safety features, or an increased likelihood of liability claims will cost more to insure than safer, lower-performance models. The information below estimates auto insurance prices for some of the cheapest automobiles to insure in North Carolina.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLT 4WD||$854|
|Honda CR-V EX 4WD||$863|
|Honda Accord LX-P 4-Dr Sedan||$930|
|Volkswagen Jetta S 2.5 Station Wagon||$988|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$1,008|
|Ford Explorer Eddie Bauer 2WD||$1,017|
|Hyundai Elantra Blue 4-Dr Sedan||$1,020|
|Dodge Grand Caravan CV||$1,042|
|Ford Edge Limited 2WD||$1,051|
|Chevrolet Malibu LTZ||$1,060|
|Chevrolet Equinox LS 2WD||$1,073|
|Toyota Camry LE||$1,082|
|Chevrolet Impala LT||$1,073|
|Toyota RAV4 Sport 4WD||$1,078|
|Chevrolet Silverado LS Regular Cab 2WD||$1,091|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$1,100|
|Jeep Grand Cherokee Laredo 4WD||$1,104|
|Toyota Camry Hybrid||$1,129|
|Ford F-150 FX4 Super Cab 4WD||$1,136|
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Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Rate quotes do not factor in specific garaging location which can raise or lower price quotes greatly.
Looking at the numbers, we can infer that models like the Ford Escape, Honda CR-V, and Honda Accord are the cheapest vehicles to insure for realtors.
Responsible drivers pay cheaper auto insurance rates
The common sense way to find affordable auto insurance prices in Raleigh for realtors is to drive safely and not receive tickets or have accidents. The chart below illustrates how violations and at-fault accidents increase premium costs for different insured age categories. The rates are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied to the premium.
In the previous example, the average cost of car insurance per year with no violations or accidents is $810. Get one speeding ticket and the average cost rises to $944, an increase of $134 each year. Then add one accident along with the one speeding ticket and the 12-month cost of auto insurance for real estate agents increases to an average of $1,314. That’s an increase of $504, or $42 per month, just for not being more responsible behind the wheel!
Types of discounts on Raleigh auto insurance rates
Car insurance companies that provide coverage for real estate agents may also give you rate discounts that could lower prices by 30% or more if you can meet the requirements. The best auto insurance companies and a partial list of their discounts can be read below.
- American Family has discounts for TimeAway discount, good driver, air bags, multi-vehicle, accident-free, early bird, and Steer into Savings.
- Nationwide may have discounts that include business or organization, easy pay, Farm Bureau membership, multi-policy, anti-theft, defensive driving, and good student.
- MetLife has savings for claim-free, multi-policy, good student, accident-free, good driver, defensive driver
- 21st Century offers discounts including automatic seat belts, anti-lock brakes, theft prevention, good student, and early bird.
- Farmers Insurance offers premium reductions for pay in full, alternative fuel, multi-car, mature driver, business and professional, and distant student.
- Allstate may include discounts for EZ pay plan discount, utility vehicle, premier discount, passive restraint, good payer, and eSmart discount.
The diagram below illustrates the difference between insurance rates with and without discounts applied to the policy rates. The costs are based on a male driver, no claims or driving violations, North Carolina state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with anti-theft, homeowner, passive restraint, safe-driver, vehicle safety, and marriage discounts applied. When these discounts are applied, the average savings per year on auto insurance for real estate agents is 27% or $361.
The insurance agencies below can aid you in deciding which auto insurance policy fits you best, since lots of drivers aren’t clear which coverage they need and would like to have some professional guidance when trying to find the best insurance rates for real estate agents. It’s not always simple to find the cheapest auto insurance company, and agents can bring peace of mind knowing your policy gives you adequate protection.
To find a Raleigh insurance agency close to where you live, click the button following the list or click here to compare rates now.
- Blackmon Insurance
3416 Poole Rd # 110 – Raleigh, NC 27610 – (919) 231-8131
- Mary Wilson – State Farm Insurance – Raleigh
9660 Falls of Neuse Rd #165 – Raleigh, NC 27615 – (919) 872-1225
- Chapman Insurance Agency, Inc.
6829 Falls of Neuse Rd #103 – Raleigh, NC 27615 – (919) 676-5066
- Green and Wooten Insurance
800 Salem Woods Dr – Raleigh, NC 27615 – (919) 870-0021
How to find economical insurance for real estate agents
Lowering your rates is not difficult, and here are a few thrifty solutions that can help Raleigh drivers get low-cost coverage.
- Having at-fault accidents will increase rates
- Don’t waste money on full coverage for older vehicles
- Violations and traffic tickets increase rates
- Improve your credit rating
- Increase your physical damage deductibles
- Buy vehicles with five-star safety ratings
- Shop around for cheaper prices
That final tip is notably significant, as we hit on in the prior information. Car insurance rates adjust frequently, so drivers shouldn’t be reluctant to buy a policy from a new company if you can save money.
Sticking with a specific company is fine, but it’s not recommended if that dedication is costing money that could be spent on other things. It only takes a couple minutes to compare prices to find cheaper auto insurance for real estate agents in Raleigh.