The words “low-cost” and “insurance” really shouldn’t be used together, especially when searching for the cheapest auto insurance for real estate agents. In an attempt to save some money, let’s go over some things that have an effect on car insurance prices, and figure out some ways to take the bite out of the next policy you buy.
The type of vehicle on the policy is one of the main factors that determines if you can find the lowest-priced insurance for real estate agents. Vehicles with lower acceleration and performance, excellent safety ratings, or a track record of few liability claims will cost substantially less to insure than fast, unsafe models. The next list outlines auto insurance premiums for a handful of the most economical automobiles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX-L 4-Dr Sedan | $1,756 |
| Honda Odyssey LX | $1,779 |
| Toyota Prius | $1,794 |
| Ford F-150 XL Crew Cab 2WD | $1,817 |
| Honda CR-V EX 4WD | $1,901 |
| Ford Escape Limited 2WD | $1,910 |
| Toyota Camry LE | $1,918 |
| Toyota RAV4 Sport 2WD | $1,924 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $1,955 |
| Dodge Grand Caravan Crew | $1,963 |
| Ford Edge SE 2WD | $2,042 |
| Volkswagen Jetta 2.0T 4-Dr Sedan | $2,054 |
| Ford Explorer XLT AWD | $2,085 |
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Premium data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Estimates do not factor in Phoenix, AZ location which can modify auto insurance rates noticeably.
Looking at the rates, we can presume that makes and models like the Honda Accord, Honda Odyssey, and Toyota Prius should be a few of the most budget-friendly vehicles to insure for realtors.
One of the more important considerations that are used to help calculate the price you pay for insurance is where you live in Phoenix. Areas with more people or higher crime rates will most likely have higher rates, whereas areas with less people or fewer weather incidents receive better rates.
The illustration below shows the most expensive areas in Arizona for real estate agents to purchase auto insurance in. Phoenix comes in at #3 costing $1,218 for the average insurance policy, which is about $102 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Glendale | $1,226 |
| 2 | Avondale | $1,222 |
| 3 | Phoenix | $1,218 |
| 4 | San Tan Valley | $1,185 |
| 5 | Buckeye | $1,144 |
| 6 | Gilbert | $1,142 |
| 7 | Goodyear | $1,131 |
| 8 | Scottsdale | $1,129 |
| 9 | Tempe | $1,118 |
| 10 | Maricopa | $1,118 |
| 11 | Chandler | $1,115 |
| 12 | Mesa | $1,113 |
| 13 | Peoria | $1,104 |
| 14 | Tucson | $1,072 |
| 15 | Surprise | $1,058 |
| 16 | Casa Grande | $1,047 |
| 17 | Casas Adobes | $1,040 |
| 18 | Catalina Foothills | $1,040 |
| 19 | Oro Valley | $1,020 |
| 20 | Yuma | $992 |
| 21 | Flagstaff | $960 |
| 22 | Prescott | $914 |
| 23 | Bullhead City | $905 |
| 24 | Sierra Vista | $899 |
| 25 | Lake Havasu City | $852 |
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Rates are estimated as zip code location can decrease or increase coverage rates greatly.
The illustration below illustrates how your choice of deductibles can impact yearly insurance costs when quoting cheap insurance for real estate agents. The information is based on a single female driver, comprehensive and collision coverage, and no additional discounts are factored in.
The data above shows that a 50-year-old driver could save $286 a year by increasing from a $100 deductible to a $500 deductible, or save $430 by switching to a $1,000 deductible. Youthful drivers, such as the 20-year-old example, could drop their prices $724 or more just by choosing higher deductibles.
If you make the decision to raise deductibles, it’s a good idea to have plenty of savings on hand to cover the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
Insurance rate increases from tickets or accidents
The obvious way to earn the best auto insurance prices in Phoenix for realtors is to drive safe and avoid accidents and violations. The diagram below highlights how speeding tickets and at-fault accidents influence auto insurance costs for each age group. The rate quotes are based on a single female driver, comp and collision included, $100 deductibles, and no additional discounts are factored in.
In the example above, the average cost of an auto insurance policy per year with no violations or accidents is $1,633. Receive two speeding tickets and the average cost increases to $2,194, an increase of $562 each year. Now add one accident along with the two speeding tickets and the 12-month cost of auto insurance for real estate agents increases to an average of $2,758. That’s an increase of $1,125, or $94 per month, just for not driving attentively!
The agents listed below can probably help you make a decision which coverage meets your needs best, since lots of people like to get help from a professional when shopping for the best coverage for realtors. It can be complicated to find the best policy on your own, and getting advice from a licensed Arizona insurance agent can add comfort knowing your policy gives you suitable coverage if you ever need to use it. To find a Phoenix insurance agent by location nearest to you, click the button after the list or click here to get price quotes now.
- Best Buy Insurance
3917 S Central Ave – Phoenix, AZ 85040 – (602) 268-2548 - Oasis Insurance
317 N 19th Ave – Phoenix, AZ 85009 – (602) 233-5500 - Justin Crain – State Farm Insurance Agent
6146 N 35th Ave #103 – Phoenix, AZ 85017 – (602) 242-4141
More insurance agents in Phoenix, AZ
How to find low-cost car insurance for real estate agents
The list below details a few money-saving suggestions that can help Phoenix drivers find more affordable coverage.
- Avoid accidents
- Discounts for being claim-free can be substantial
- Bundle home or renters insurance to earn a discount on car insurance
- Safer vehicles cost less to insure
- Do not get traffic citations
- Do not pay for comprehensive and collision coverage on older vehicles
- Compare price quotes at least once a year
The last tip is particularly critical, as was stressed in the prior article. Prices charged by companies change frequently, so drivers shouldn’t be reluctant to buy a different policy if a better deal can be had. Many drivers tend to have loyalty to a certain company, but is isn’t recommended if that inflexibility results in costing you several hundred dollars every year. In just a few minutes you could shop around to find cheaper car insurance for real estate agents in Phoenix.