How Much Does Auto Insurance Cost for Real Estate Agents in North Dakota?

For realtors, one of the largest things that is looked at to determine the annual cost of car insurance is the neighborhood you call home. Cities with larger populations or higher claims like Carrington, Rugby, and Hazen tend to have more expensive auto insurance rates, whereas areas that are not as densely populated benefit from lower prices.

The information below sorts the most expensive places in North Dakota for real estate agents to buy an auto insurance policy in.

Price information shown is approximated as the specific geographic location can alter insurance rates noticeably.

Trying to buy affordable insurance is tough enough, and figuring out which companies quote the lowest-priced auto insurance rates for real estate agents may require even more work.

Every auto insurer uses a different method to set policy rates, so let’s rank the auto insurance companies that tend to be cheaper in North Dakota. It’s important to know that North Dakota auto insurance rates are determined by lots of factors which can substantially change the policy price. Simply improving your credit score, buying a safer car, or getting a DUI may prompt premium changes resulting in some rates now being way too expensive in comparison to the competition.

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USAA quotes some of the lowest car insurance rates in North Dakota at around $725 each year. Allied, Nodak Mutual, Grinnell, and State Farm also make the cut as some of the best North Dakota insurance companies.

As shown in the table above, if you buy coverage from Grinnell and switched to Allied, you may see savings of around $165. Insureds with State Farm could save as much as $214 a year, and Safeco policyholders might see rate reductions of $228 a year.

Remember that these prices are averages for all insureds and vehicles and are not factoring in a price discount for real estate agents. So the insurer that can offer you the best price may not even be featured in the list above. That’s why you need to compare rates from as many companies as possible using your own personal information and vehicle type.

Get discount North Dakota insurance rates

Auto insurance companies that provide cheap car insurance for real estate agents in North Dakota could also offer premium discounts that may potentially lower prices by as much as 35% if you meet specific eligibility requirements. Companies and a partial list of their discounts are shown below.

• State Farm offers discounts for passive restraint, good student, driver’s education, safe vehicle, and defensive driving training.
• American Family discounts include multi-vehicle, good driver, defensive driver, accident-free, good student, Steer into Savings, and TimeAway discount.
• AAA has savings for anti-theft, multi-car, multi-policy, good student, good driver, education and occupation, and AAA membership discount.
• GEICO includes discounts for good student, anti-lock brakes, defensive driver, emergency military deployment, federal employee, air bags, and multi-vehicle.
• Mercury Insurance may include discounts for type of vehicle, annual mileage, anti-theft, accident-free, ease of repair, age of vehicle, and location of vehicle.
• Farmers Insurance may have discounts that include mature driver, good student, alternative fuel, bundle discounts, youthful driver, electronic funds transfer, and switch companies.
• Progressive has discounts for homeowner, good student, multi-vehicle, multi-policy, continuous coverage, online quote discount, and online signing.

The information below shows the difference between car insurance costs with and without some available policy discounts. The data is based on a male driver, a clean driving record, no claims, North Dakota state minimum liability limits, full coverage, and $500 deductibles.

The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with homeowner, multiple vehicle, marriage, accident-free, vehicle safety, and safe-driver discounts applied. When taking advantage of discounts, the the amount saved on auto insurance for real estate agents is 28% or $396.

Cheapest insurance quotes for realtors

There are many different ways to quote and buy auto insurance in North Dakota, but the most preferred methods are from an independent or non-exclusive agent, an exclusive insurance agency such as Allstate or Liberty Mutual, or direct from companies such as Progressive or Geico.

They all have the same end result, but it’s good to know the differences in how they work.

Independent insurance agents have contracts with multiple insurance companies and can provide price quotes from every one. Independent agents have the option to give you more rates, which can give you a better overall rate comparison. If prices rise, they simply move the coverage in-house which makes it easier to save money.

Exclusive agents are usually just provide rates from one insurance company, two of the more popular are a Liberty Mutual or State Farm agent. These agents are unable to quote prices from more than just one company, so keep that in mind.

If you choose to buy auto insurance direct, you skip an agent and instead shop from a direct company like Esurance. Shopping direct may be preferred by people who have lower risk management needs and have an above average understanding of what specific coverages and deductibles they need.

When shopping for auto insurance, which way works best to find cheap car insurance for real estate agents in North Dakota? Most drivers assume that buying from a direct car insurance company saves the most money because you bypass the agent, but that is generally not the case. A good argument could also be made that an independent agent guarantees the best prices due to increased selection, but that is not accurate either. In many circumstances, exclusive agencies have price quotes that are impossible to beat.

Since auto insurance companies use so many rating factors, really the only way to get rock-bottom rates is to compare, compare, and compare some more. Industry experts recommend getting price quotes from independent, exclusive, and direct to have a good selection of rates to choose from. To see some of the cheapest online companies available, click here to view.