For realtors, one of the largest components that are used to help calculate the amount you pay for auto insurance is where you live. More populated areas tend to have higher rates, whereas areas with less crime or weather claims benefit from lower coverage costs.
The illustration below rates the highest-priced areas in California for real estate agents to buy auto insurance in. Irvine is ranked #19 with an annual rate of $1,384 for the average insured, which is approximately $115 monthly.
|Rank||City||Premium Per Year|
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Price information shown is estimated as the specific area where the vehicle is garaged can lower or raise insurance rates noticeably.
The car, truck, or SUV that needs insurance is probably the largest consideration when comparison shopping for the most affordable coverage for real estate agents. Vehicles with economical engines, excellent safety ratings, or a low likelihood of having liability claims will cost much less to insure than adrenaline junky models.
The next list ranks car insurance prices for a handful of the cheaper vehicles to insure in California.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$789|
|Ford Escape XLT 4WD||$807|
|Jeep Wrangler Sport 4WD 2-Dr||$819|
|Ford Edge SEL AWD||$916|
|Ford Fusion S 4-Dr Sedan||$934|
|Hyundai Elantra SE Touring Station Wagon||$981|
|Honda Odyssey EX-L W/Navigation||$983|
|Nissan Rogue SL AWD||$1,049|
|GMC Sierra 2500HD SLT Extended Cab 4WD||$1,051|
|Chevrolet Impala LS||$1,058|
|Ford F-150 XL Super Cab 2WD||$1,064|
|GMC Sierra Denali Crew Cab 4WD||$1,070|
|Toyota RAV4 4WD||$1,072|
|Dodge Ram Quad Cab TRX4 Off Road 4WD||$1,086|
|Ford Explorer XLT AWD||$1,094|
|Chevrolet Malibu LT||$1,092|
|Dodge Grand Caravan Crew||$1,098|
|Nissan Altima 3.5 SR 2-Dr Coupe||$1,118|
|Toyota Camry XLE||$1,128|
|Dodge Ram 2500 Crew Cab SLT 2WD||$1,136|
|Jeep Grand Cherokee Laredo 2WD||$1,146|
|Volkswagen Jetta SEL 4-Dr Sedan||$1,148|
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Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Prices do not factor in the specific area where the vehicle is garaged which can revise coverage rates greatly.
Looking at the data, you can infer that cars like the Honda CR-V, Ford Escape, and Jeep Wrangler are most likely to be a few of the most affordable vehicles to insure for realtors.
Types of discounts on Irvine insurance
Insurance providers that sell policies for real estate agents may also offer rate discounts that can lower rates by as much as 35% if you can meet the requirements. Popular insurance companies and some of the discounts can be found below.
- Esurance discounts include anti-lock brakes, online quote, anti-theft, defensive driver, claim free, multi-policy, and paid-in-full.
- The Hartford offers discounts for bundle, driver training, vehicle fuel type, defensive driver, and anti-theft.
- AAA has discounts for AAA membership discount, multi-car, education and occupation, good driver, good student, and pay-in-full.
- GEICO may include discounts for good student, air bags, five-year accident-free, multi-vehicle, daytime running lights, defensive driver, and military active duty.
- State Farm may have discounts that include safe vehicle, accident-free, passive restraint, defensive driving training, anti-theft, Drive Safe & Save, and good student.
The diagram below shows the comparison of insurance prices with and without discounts applied to the policy rates. The rate quotes are based on a male driver, no tickets, no at-fault accidents, California state minimum liability limits, full coverage, and $250 deductibles.
The first bar for each age group shows the price with no discounts. The lower bar shows the rates with marriage, anti-theft, accident-free, multiple policy, homeowner, and passive restraint discounts applied. When discounts are applied, theamount saved on insurance for real estate agents is 28% or $875.
Ratings for Irvine insurance companies
Picking the top auto insurance provider can be challenging considering how many companies sell coverage in Irvine. The rank data displayed below could help you choose which auto insurers to look at comparing rates with.
The rankings below are for companies that insure vehicles nationwide, so companies with more of a regional focus are not factored into the list. To view rates from these and other top-rated companies, click here.
Top 10 Major Auto Insurance Companies in Irvine Ranked by Customer Service
- AAA of Southern California
- State Farm
- The Hartford
- Mercury Insurance
- The General
- AAA Insurance
- American Family
The diagram below demonstrates how deductibles can influence yearly insurance costs when trying to find cheap insurance for real estate agents. The premiums assume a married male driver, full coverage, and no additional discounts are factored in.
The data above shows that a 40-year-old driver could pocket $416 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $626 by changing to a $1,000 deductible. Even younger drivers, like the age 20 example, could shave $1,398 each year just by choosing higher deductibles when buying full coverage. If you do make the decision to raise your deductibles, it is necessary to have plenty of discretionary funds to cover the extra out-of-pocket expense that deters many people from opting for higher deductibles.