What Auto Insurance is Cheapest for Real Estate Agents in Raleigh?

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.

Car insurance prices in Raleigh
Rank City Annual Premium
1 Fayetteville $932
2 Jacksonville $864
3 Charlotte $832
4 Gastonia $803
5 Durham $789
6 Raleigh $760
7 Wilmington $758
8 Goldsboro $758
9 Greensboro $756
10 Huntersville $756
11 High Point $753
12 Cary $749
13 Wilson $746
14 Rocky Mount $740
15 Apex $739
16 Hickory $732
17 Indian Trail $731
18 Greenville $730
19 Chapel Hill $724
20 Winston Salem $716
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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.

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Cheapest North Carolina car insurance ranked by price
Rank Company Cost Per Year
1 Progressive $632
2 Utica National $643
3 Liberty Mutual $707
4 Penn National $717
5 NC Farm Bureau $737
6 GEICO $742
7 State Farm $749
8 Titan $759
9 Auto-Owners $870
10 National General $881
11 Erie $904
12 Travelers $927
13 Allied $928
14 Peerless $1,002
15 Unitrin $1,012
16 Nationwide $1,041
17 Safeco $1,044
18 MetLife $1,049
19 Encompass $1,063
20 Allstate $1,097
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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.

Cheapest Vehicles to Insure in Raleigh, NC
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
Toyota Prius $1,052
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

Cheaper Raleigh, NC auto insurance for realtorsCar 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.

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.

More Raleigh, NC insurance agents

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.

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.