Cheap Auto Insurance Quotes for Real Estate Agents in Virginia

Our content editors always give us grief that when writing about car insurance, the word “cheap” should never appear anywhere in the article to describe car insurance rates. It’s just a fact that cheap auto insurance for real estate agents is almost non-existent. Don’t let that discourage you, because we will tell you how you can find car insurance that is cheaper than what you have now.

Figuring out which companies have the cheapest auto insurance rates for real estate agents will require a bit more effort than just getting one or two price quotes.

Every auto insurer has their own unique process for filing rates in each state, so let’s take a look at the most budget-friendly auto insurance companies in Virginia.

Best Cheap Insurance Rates for Realtors

Compare Rates Now

Travelers offers some of the best car insurance rates in Virginia at around $659 per year. USAA, Penn National, Cincinnati Insurance, and The Hartford also make the cut as some of the most economical Virginia car insurance companies.

As shown above, if you buy coverage from The Hartford and switched to USAA, you may see annual savings of in the neighborhood of $61. Customers with Utica National might save as much as $65 a year, and Auto-Owners customers might lower prices by up to $72 a year.

Bear in mind that those policy rates are averaged across all types of drivers and the different vehicles they drive and do not take into consideration a rate decrease for real estate agents. So the auto insurance company that fits your situation best may not even be in the above rate chart. That point stresses why you need to get rate quotes using your own driver information and specific vehicle type.

The type of vehicle requiring coverage is one of the primary factors when consumers are trying to find cheap auto insurance for real estate agents in Virginia. Vehicles with higher performance characteristics, a lack of safety features, or high incidents of liability claims will cost significantly more to insure than safer models. The list below estimates insurance prices for the most economical vehicles to buy insurance for.

Prices based on married female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Price information does not factor in your specific Virginia location which can modify premium rates considerably.

Looking at the rates, you can assume that vehicles like the Ford Escape, Chevrolet Traverse, and Toyota Prius are likely to be some of the less-costly vehicles to insure for realtors.

The diagram below highlights how deductible selection can influence premium costs when quoting cheap insurance for real estate agents. The information is based on a married female driver, full coverage, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2173,1989,1783,1587],[‘Age 30’, 1521,1387,1237,1093],[‘Age 40’, 1505,1375,1229,1091],[‘Age 50’, 1321,1209,1083,963],[‘Age 60’, 1255,1149,1027,913],[‘Age 70’, 1359,1243,1117,997]]);var options = {title: ‘Effect of Higher Deductibles on Auto Insurance Cost in Virginia’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},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);}

In the chart above, a 40-year-old driver could lower rates by $238 a year by increasing from a $100 deductible to a $500 deductible, or save $358 by switching to a $1,000 deductible. Young drivers, like the Age 20 category, have the ability to save $586 every year just by choosing larger deductibles.

When choosing a higher deductible, it will be required to have enough savings set aside to allow you to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

Best cheap insurance quotes for realtors

Due to technology, there are many ways to compare auto insurance prices in Virginia, but the most preferred are through a non-exclusive or independent agent, an exclusive agency like Auto-Owners or State Farm, or direct either online or via phone. They all follow the same basic process, but it’s important to understand the differences in how they work.

Independent insurance agencies write business for many companies and can quote your policy with every one. They are appointed with more than one company and can quote rates with many companies, which can help you get a better comparison. If a cheaper price is found, your agent can switch companies and you do not have to find a new agent.

An exclusive ageny is only able to write with a single company, two popular examples being Allstate or State Farm agents. Exclusive agents cannot compare rates from other companies, so if rates are not competitive, they cannot give other choices.

Buying direct means you skip the middleman (the agent) and instead buy from a direct company like Progressive or Geico. This option may be preferred by people who do not need advice for asset protection and have a good understanding of what coverage limits and deductibles they need.

So which of those three methods works best to buy cheap auto insurance for real estate agents in Virginia? Most people assume that buying from a direct company yields the cheapest rates since there is no need to pay agent commissions, but that generally is not the case. We’d also like to say an independent agent saves the most money because they can shop around, but again, it’s not necessarily true. And occasionally, exclusive agents have coverage prices that are the cheapest.

Due to that fact that auto insurance uses so many rating variables, the only true way to ensure the lowest rates is to compare lots of quotes. To cover all the bases, get price quotes from independent, exclusive, and direct to give yourself enough choices. We compiled a list of companies with some of the cheapest online rates that you can click here to view.