Best Car Insurance for Real Estate Agents in 2024 (Top 10 Companies)

The top pick overall for the best car insurance for real estate agents are Farmers Insurance, State Farm and Progressive, offering competitive rates and providing tailored coverage options.

With features such as coverage for business vehicle use, liability protection during client meetings, and flexible policies, these companies ensure comprehensive protection for real estate professionals on the go.

Our Top 10 Company Picks: Best Car Insurance for Real Estate Agents

From safeguarding against potential liabilities to providing tailored solutions for their unique work environments, real estate agents can rely on these insurers to deliver peace of mind while on the go. Explore your car insurance options by entering your ZIP code above and finding which companies have the lowest rates.

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#1 – Farmers: Top Overall Pick

Pros

• Diverse Policy Options: Farmers stands out with a range of policy options, allowing customers to tailor coverage to their specific needs.
• Competitive Discounts: Farmers car insurance review highlights the opportunity for substantial savings with discounts of up to 10% for real estate agents and up to 15% for insuring multiple cars.
• 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.

#2 – State Farm: Best for Maximizing Savings

Pros

• Generous Bundle Discounts: State Farm car insurance review highlights its appeal with bundle discounts of up to 20%, making it an enticing choice for customers combining various 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.

#3 – Progressive: Best for Customizing Policy

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 car insurance review highlights the company’s strength lies in its robust online system for obtaining quotes, managing policies, and processing claims efficiently.

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.

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#4 – Allstate: Best for Discounts Savings

Pros

• Generous Safe-Driving Discounts: With up to 15% discounts, Allstate incentivizes and rewards safe driving habits.
• Variety of Discount Options: Allstate car insurance review highlights a variety of discounts available beyond just safe-driving, presenting chances for further cost reductions.
• 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.

#5 – Nationwide: Best for Wide Coverage

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 provides an extensive selection of coverage options tailored to meet various customer requirements, as included in Nationwide car insurance discounts.

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: Best for Multi-Policy Discounts

Pros

• Multi-Policy Discounts: Liberty Mutual provides up to 14% discounts for customers bundling multiple policies, leading to potential significant savings.
• Coverage Variety: Liberty Mutual car insurance review provides a diverse range of coverage choices, enabling clients to customize their plans according to their individual requirements.
• 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.

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#7 – Travelers: Best for Peace Assured

Pros

• 24/7 Support: Travelers car insurance review highlights customers with constant support, ensuring assistance is available at any time.
• 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.

#8 – American Family: Best for Swift Solutions

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: American Family car insurance review highlights personalized assistance through an extensive network of local agents.

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.

#9 – Esurance: Best for Seamless Coverage

Pros

• Online Convenience: How do you get an Esurance car insurance quote? 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.

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#10 – AAA:  Best for Roadside Assistance

Pros

• Roadside Assistance: AAA car insurance review highlights the renowned roadside assistance services offered by AAA, ensuring customers feel secure when encountering unforeseen vehicle problems.
• 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.

Real Estate Car Insurance Rates and Property Insurance Expenses

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.

Car Insurance for Real Estate Agents: Monthly Rates by Coverage Level & Provider

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 JCPenney versus someone who works in sales at a car lot. For detailed information, refer to our comprehensive report titled “What cars will increase the cost of insurance?”

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.

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Case Studies: Real Estate Agent Car Insurance Rates

Finding the best car insurance for real estate agents is paramount for safeguarding their livelihood while on the road. From meeting clients to inspecting properties, having comprehensive coverage tailored to their profession is essential.

• Case Study #1 – Tailored Protection for a Realtor on the Move: Sarah, a busy real estate agent, found her match in Farmers Insurance. With tailored discounts and flexible policies, she saves big while staying protected during her hectic schedule, from open houses to property viewings.
• Case Study #2 – Bundle and Save for a Busy Real Estate Professional: John, a seasoned real estate pro, chose State Farm for its 8% real estate agent discount and 20% bundle savings. With up to 18% safe-driving discounts, State Farm’s responsive support sealed the deal.
• Case Study #3 – Customized Coverage Solutions for a Tech-Savvy Realtor: Emily, the busy realtor, chose Progressive for her insurance needs. With up to 12% realtor discounts and customizable policies, she tailored coverage, using technology like Snapshot for extra savings. To expand your knowledge, refer to our comprehensive handbook titled “Car Insurance Discounts: Compare the Best Discounts.”

Securing the best car insurance for real estate agents involves considering coverage that aligns with their unique needs and offers flexibility and reliability. By prioritizing protection and convenience, real estate professionals can confidently navigate their daily responsibilities knowing they are adequately insured.

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.

The Bottom Line: Essential Insurance for Real Estate Agents

When seeking the best car insurance for real estate agents, it’s crucial to consider policies that cater to the unique needs of this profession. Look for coverage that offers ample protection for business-related driving, such as visiting properties or meeting clients.

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. To gain in-depth knowledge, consult our comprehensive resource titled “Compare Monthly Car Insurance: Rates, Discounts, & Requirements.”

Get the minimum car insurance coverage you need to drive legally by entering your ZIP code into our free quote comparison tool below.

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