Cheap Car Insurance for Real Estate Agents in Texas

One of the key things that insurance companies use to determine the amount you pay each year for auto insurance is where your residence is. Urban areas that are densely populated like McAllen, Dallas, and Amarillo tend to pay slightly more, whereas cities that are not as densely populated profit from lower rates.

The table below shows the most expensive cities in Texas for real estate agents to purchase car insurance in.

Price information shown is approximated as the specific area where the vehicle is garaged can raise or lower premium rates greatly.

The make and model of vehicle that is being insured is one of the largest considerations that determines the availablility of cheap auto insurance for real estate agents in Texas. Vehicles with lots of horsepower, poor safety features, or an increased likelihood of liability claims will cost significantly more to insure than more economical and safe models. The next table presents auto insurance prices for a handful of the more afforable vehicles to insure.

Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Estimates do not factor in zip code location which can raise or lower premiums noticeably.

Based upon the rates shown, we can infer that vehicles like the Chevrolet Traverse, Toyota Tacoma, Dodge Grand Caravan, and Toyota Prius are a few of the cheaper vehicles to insure for realtors.

Illustration showing the impact of accidents and violations

The obvious way to snag the cheapest auto insurance rates for realtors is to pay attention while driving and avoid accidents and keep your driving record clean. The diagram below illustrates how violations and fender-benders can influence premium costs for different categories of driver ages. The premium estimates are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and Two Accidents’],[‘Age 20’, 2403,3117,5649],[‘Age 30’, 1685,2399,4931],[‘Age 40’, 1665,2379,4911],[‘Age 50’, 1459,2175,4709],[‘Age 60’, 1391,2107,4641],[‘Age 70’, 1491,2207,4741]]);var options = {title: ‘Effect of Violations and Accidents on Texas Insurance Premiums’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Texas’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the example above, the average cost of car insurance in Texas per year with no accidents or violations is $1,682. Receive two speeding tickets and the average cost jumps to $2,397, an increase of $715 each year. Now get two accidents along with the two speeding tickets and the annual cost of auto insurance for real estate agents jumps again to an average of $4,930. That’s an increase of $3,248, or $271 per month, just for not driving responsibly!

The chart below highlights how deductible selection can increase or decrease insurance premiums when researching cheap insurance for real estate agents. The premium estimates are based on a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 5127,4661,4157,3681],[‘Age 30’, 2631,2419,2167,1927],[‘Age 40’, 2617,2387,2127,1877],[‘Age 50’, 2381,2175,1941,1721],[‘Age 60’, 2299,2103,1879,1669],[‘Age 70’, 2791,2565,2315,2081]]);var options = {title: ‘Impact of Deductible Levels on Auto Insurance Cost in Texas’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

As shown above, a 40-year-old driver could cut expenses by $440 a year by changing from a $100 deductible up to a $500 deductible, or save $660 by using a $1,000 deductible. Even younger drivers, like the 20-year-old, could drop their prices up to $1,446 each year by choosing a larger deductible amount. When increasing deductibles, it will be necessary to have enough funds in savings to allow you to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

Which car insurance company is best?

If you want reliable auto insurance for realtors in Texas, four of the larger companies to compare rates for are State Farm, Geico, Progressive, and Allstate. The next table ranks some of the different features .