For realtors, one of the more important considerations that aid in calculating auto insurance rates is where you choose to live. Regions with more people or even just more weather-related claims tend to have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates have the gratification of cheaper auto insurance rates.
The illustration below shows the highest-priced places in California for real estate agents to purchase car insurance in. San Jose shows up at #18 with the yearly price of $1,437 for the average policy, which is around $120 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Glendale | $2,121 |
| 2 | Los Angeles | $2,083 |
| 3 | San Francisco | $1,745 |
| 4 | Oakland | $1,687 |
| 5 | Sacramento | $1,652 |
| 6 | San Bernardino | $1,628 |
| 7 | Long Beach | $1,610 |
| 8 | Santa Clarita | $1,595 |
| 9 | Garden Grove | $1,570 |
| 10 | Fontana | $1,566 |
| 11 | Stockton | $1,556 |
| 12 | Modesto | $1,547 |
| 13 | Riverside | $1,542 |
| 14 | Moreno Valley | $1,536 |
| 15 | Santa Ana | $1,497 |
| 16 | Anaheim | $1,474 |
| 17 | Fresno | $1,457 |
| 18 | San Jose | $1,437 |
| 19 | Huntington Beach | $1,416 |
| 20 | Fremont | $1,403 |
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Premium amounts are approximated as the specific garaging location can decrease or increase premium rates considerably.
The make and model of vehicle requiring coverage is one of the largest considerations when comparing quotes for the most affordable insurance for real estate agents. Vehicles with reasonable performance levels, a plethora of safety features, or low incidents of liability claims will cost quite a bit less to insure than adrenaline junky models. The list below ranks auto insurance costs for a handful of the cheapest vehicles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $927 |
| Ford Escape XLS 2WD | $1,016 |
| Honda CR-V EX-L 2WD | $1,040 |
| Ford Focus S 4-Dr Sedan | $1,077 |
| Ford Explorer Eddie Bauer AWD | $1,118 |
| Toyota Prius | $1,131 |
| Honda Accord EX-L 4-Dr Sedan | $1,133 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $1,153 |
| Toyota Tacoma X-Runner 2WD | $1,155 |
| GMC Sierra SLT Extended Cab 2WD | $1,177 |
| Volkswagen Jetta SE 4-Dr Sedan | $1,184 |
| Honda Odyssey Touring | $1,177 |
| Toyota RAV4 Sport 2WD | $1,203 |
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Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Premium costs do not factor in zip code location which can affect price quotes significantly.
Looking at the data, we can tell that makes and models like the Hyundai Elantra, Ford Escape, Honda CR-V, and Ford Focus will be the most budget-friendly vehicles to insure for realtors.
Liability-only versus full coverage
Saving money on car insurance is the goal of most vehicle owners, and one of the easiest ways to lower the cost of insurance for real estate agents is to only buy liability coverage. The example below visualizes the comparison of insurance costs with full coverage and liability only. The prices are based on no claims or violations, $1,000 deductibles, single marital status, and no discounts are factored in.
Averaged out for all age groups, comprehensive and collision coverage on your policy costs $2,501 per year more than carrying just liability coverage. That is a big expense that brings up the question if buying full coverage is a good investment. There isn’t a written rule to delete full coverage, but there is a general convention. If the yearly cost of full coverage is more than around 10% of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.
Best car insurance in San Jose
Buying coverage from a high-quality auto insurance provider can be difficult considering how many companies sell insurance in San Jose. The ranking information in the next section could help you analyze which auto insurers you want to consider to insure your vehicles.
These rankings are for large insurance companies, so smaller companies are not taken into consideration for the list. To compare rates and find the cheapest rates for real estate agents, just click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| AAA of Southern California | 91 | 94 | 97 | 92% | A+ | 94.1 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
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Data Source: Insure.com Best Car Insurance Companies
How to find low-cost auto insurance for real estate agents
It’s not impossible to find cheaper rates, and here are a few thrifty suggestions that can help you buy cheaper coverage.
- Good credit can help you save money
- Do not file small claims
- Serious violations like DUI or reckless driving can increase rates dramatically
- Avoid having at-fault accidents
- Buy a vehicle with excellent safety ratings
- Compare rates often to find the best deal
The last idea is remarkably valuable, as was affirmed in the prior article. Insurance rates can change significantly in a year, so drivers shouldn’t be resistant to buy a different policy if a cheaper price is available. Brand loyalty is not necessarily bad, but it isn’t a good idea if that stubbornness costs you several hundred dollars every year. Now is a great time to shop around to find cheaper car insurance for real estate agents in San Jose.
The professional agents shown below are willing to help you make a decision which policy fits your needs best, as lots of people like to have some advice when trying to find lower insurance rates for realtors. It can be time-consuming to find the cheapest rates, so getting advice from a licensed California insurance agent can bring comfort knowing your policy gives you suitable coverage if you have an accident. To find an agent using an interactive map, click the button after the list.
Frank Kachkouche – State Farm Insurance Agent
901 S White Rd – San Jose, CA 95127 – (408) 923-2073
Rachel Bhan – State Farm Insurance Agent
1625 N Capitol Ave – San Jose, CA 95132 – (408) 272-2629
Art Holland – State Farm Insurance Agent
5520 Almaden Expy – San Jose, CA 95118 – (408) 229-7870
Farmers Insurance
1080 Minnesota Ave # 4 – San Jose, CA 95125 – (408) 294-4348