The vehicle that is being insured is one of the primary factors in finding the best cheap coverage for real estate agents. Vehicles with higher performance, a lack of advanced safety features, or a track record of large liability claims will cost substantially more to insure than more economical and safe models. The next list presents auto insurance prices for some of the most budget-friendly vehicles to buy coverage for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 4WD | $1,609 |
| Toyota Prius | $1,740 |
| Honda Odyssey EX | $1,825 |
| Ford Edge SE AWD | $1,830 |
| Volkswagen Jetta S 4-Dr Sedan | $1,862 |
| Nissan Altima 2.5 4-Dr Sedan | $1,868 |
| Ford Fusion S 4-Dr Sedan | $1,862 |
| Jeep Grand Cherokee Laredo 2WD | $1,867 |
| Ford Escape XLS 4WD | $1,930 |
| Hyundai Elantra GLS 4-Dr Sedan | $1,959 |
| Toyota Camry XLE | $1,968 |
| Nissan Rogue SL 2WD | $1,999 |
| Dodge Grand Caravan CV | $2,021 |
| Chevrolet Silverado 3500HD LT Crew Cab 2WD | $2,030 |
| Chevrolet Impala LS | $2,093 |
| Ford Explorer XLT AWD | $2,161 |
| Toyota RAV4 Limited 4WD | $2,283 |
| Chevrolet Equinox LTZ AWD | $2,289 |
| Chevrolet Malibu Hybrid | $2,283 |
| Toyota Corolla XRS | $2,290 |
| Chevrolet Silverado LT Extended Cab 4WD | $2,283 |
| Jeep Wrangler Unlimited Sahara 4WD 4-Dr | $2,323 |
| GMC Sierra 2500HD SLT Extended Cab 4WD | $2,397 |
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Above prices assume single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Washington minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Estimates do not factor in zip code location which can lower or raise rates noticeably.
Looking at the numbers, we can tell that makes and models like the Honda CR-V, Toyota Prius, Honda Odyssey, Ford Edge, and Volkswagen Jetta are a few of the more affordable vehicles to insure for realtors.
Finding decent, cost effective auto insurance is challenging, and figuring out which companies quote the lowest-priced insurance rates for real estate agents requires more quotes for comparison.
Every car insurance company has their own process to determine premium rates, so we’ll take a look at the overall cheapest insurance companies in Seattle.
Best Auto Insurance Prices for Realtors
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Capital | $761 |
| 2 | Grange | $813 |
| 3 | Nationwide | $952 |
| 4 | PEMCO | $964 |
| 5 | Travelers | $1,008 |
| 6 | Mutual Enumclaw | $1,034 |
| 7 | The Hartford | $1,080 |
| 8 | USAA | $1,092 |
| 9 | California Casualty | $1,116 |
| 10 | Chubb | $1,116 |
| 11 | State Farm | $1,141 |
| 12 | Allied | $1,142 |
| 13 | Safeco | $1,180 |
| 14 | American Family | $1,196 |
| 15 | Amica | $1,219 |
| 16 | Liberty Mutual | $1,309 |
| 17 | Farmers | $1,369 |
| 18 | Progressive | $1,480 |
| 19 | National General | $1,540 |
| 20 | MetLife | $1,697 |
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Capital offers some of the most affordable car insurance rates in Seattle at around $761 a year. This is $651 less than the average rate paid by Washington drivers of $1,412. Grange, Nationwide, PEMCO, and Travelers are also some of the more affordable Seattle, WA insurance companies.
As the example above demonstrates, if you currently have a policy with Grange and switched to Capital, you may realize an annual premium reduction of upwards of $52. Drivers with Nationwide might save as much as $191 a year, and PEMCO policyholders might cut rates by $203 a year.
If you would like to find cheaper car insurance rates, click here to begin a quote or feel free to get quotes from the companies below.
It’s important to note that these premiums are averaged for all drivers and vehicles and do not factor in a specific vehicle garaging location for real estate agents. So the insurer that has the lowest price for you may not even be in the top 25 companies in the list above. That illustrates why you need to get rate quotes using your own personal information and vehicle type.
For realtors, one of the largest factors that are looked at to help calculate the amount you pay for auto insurance is where you call home. Regions with more people or even just more weather-related claims tend to have more expensive car insurance rates, whereas less populated areas benefit from lower coverage costs.
The next table lists the most expensive cities in Washington for real estate agents in which to buy car insurance. Seattle is ranked at #2 with a yearly cost of $1,405 for coverage, which is around $117 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Auburn | $1,422 |
| 2 | Seattle | $1,405 |
| 3 | Federal Way | $1,393 |
| 4 | Kent | $1,391 |
| 5 | Tacoma | $1,385 |
| 6 | Lakewood | $1,378 |
| 7 | South Hill | $1,354 |
| 8 | Renton | $1,348 |
| 9 | Shoreline | $1,326 |
| 10 | Everett | $1,276 |
| 11 | Bellevue | $1,256 |
| 12 | Redmond | $1,251 |
| 13 | Marysville | $1,221 |
| 14 | Sammamish | $1,196 |
| 15 | Kirkland | $1,195 |
| 16 | Vancouver | $1,181 |
| 17 | Lacey | $1,122 |
| 18 | Spokane Valley | $1,087 |
| 19 | Olympia | $1,072 |
| 20 | Spokane | $1,060 |
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Prices are approximated as specific Seattle zip code can modify premium rates significantly.
Should you buy full coverage?
Saving money when shopping for insurance should be important to most vehicle owners, and one of the easiest ways to find cheaper insurance for real estate agents is to buy only liability coverage. The chart below compares auto insurance costs when comparing full coverage to liability only. The rates are based on no accidents, no driving violations, $500 deductibles, single marital status, and no discounts are applied.
If all age groups are averaged, comprehensive and collision coverage on your policy costs $1,858 per year more than just insuring for liability. A very common question is if buying full coverage is a good investment. There is no definitive guideline to delete full coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.
For example, let’s pretend your vehicle’s book value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $6,000 after paying your policy deductible. If it’s costing in excess of $600 annually to have full coverage, then you may need to consider dropping full coverage.
There are a few situations where dropping full coverage is not financially feasible. If you haven’t paid off your loan, you have to maintain full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not drop full coverage.
Responsible drivers pay cheaper Seattle insurance rates
In a perfect world, the ideal way to score the best insurance premiums for realtors is to be an attentive driver and avoid at-fault accidents and violations. The example below illustrates how traffic citations and at-fault collisions can raise car insurance costs for each age group. The data is based on a single female driver, full coverage, $250 deductibles, and no policy discounts are applied.
In the previous example, the average cost of auto insurance per year with no violations or accidents is $1,967. Receive one speeding ticket and the average cost rises to $2,230, an increase of $262 each year. Now throw in one accident along with the one speeding ticket and the yearly cost of insurance for real estate agents increases to an average of $2,974. That’s an increase of $1,007, or $84 per month, just for not driving attentively!
Don’t make the mistake of not shopping around
Seattle insurance rates are determined by lots of factors which can significantly increase or decrease the price you have to pay for coverage. Getting older, buying a different home, or getting a ticket for careless driving can produce rate changes that can make some companies more affordable than before.
Not only may things change on your end, but car insurance companies change the rates they charge in Washington multiple times each year to adjust for unexpected claims or profits. Larger than normal claims may result in price increases, while a lower level of claims can produce lower-cost Seattle car insurance rates.
To help illustrate this point, the graph below shows the company with the cheapest car insurance in Seattle, WA for a 35-year-old female driver with a clean driving record, no accidents, and a high credit rating. If we estimate prices based on her current risk profile, Capital quotes the cheapest car insurance rates in Seattle at $1,073 annually. This is $339 less than the average price paid by Washington drivers of $1,412. Grange, Nationwide, PEMCO, and Travelers are the remaining cheapest Seattle, WA auto insurance companies.
The next chart shows rates after we give the driver from the first rate comparison an accident claim, slightly worse credit, and a blemish on her driving record. Because each company has their own formula to establish rates, comparing rates will most likely result in a new list of companies as shown below.
Mutual Enumclaw now has the best car insurance rate in Seattle, WA with The Hartford, California Casualty, Allied, and Chubb now being in the top five. This example illustrates why it is critical to spend some time comparing rates when trying to get the most economical car insurance rates for real estate agents. Insurance prices are impacted by many different factors and change dramatically, so the most economical option the last time you shopped your coverage around may now not even be in the top five.
The insurance agencies listed below can provide answers to your questions and help you determine which car insurance company is the best fit, since some people have coverage questions and would like to have some advice when shopping for the best coverage for realtors. It can be complicated to find coverage yourself, and insurance agents licensed in the state of Washington can add peace of mind knowing you have adequate coverage if you have an accident or claim. To locate a Seattle insurance agent nearest to you, click the button link following the list.
- Gurry and Rogers Insurance Inc
1200 5th Ave #1825 – Seattle, WA 98101 – (206) 621-6444 - Spangler Insurance
431 15th Ave E – Seattle, WA 98112 – (206) 329-7447 - Chris Gibbens – State Farm Insurance Agent
607 W McGraw St – Seattle, WA 98119 – (206) 331-4864