Locating budget insurance is not the easiest thing to do, and deciding which company offers the cheapest insurance rates for real estate agents will take even more shopping around.
Every insurance company has a unique formula for filing rates in each state, so first we will examine the insurance companies with the overall best prices in Maryland.
Best Cheap Insurance Rates for Realtors
Rank | Company | Cost Per Year |
---|---|---|
1 | USAA | $958 |
2 | Liberty Mutual | $1,125 |
3 | Penn National | $1,126 |
4 | Erie | $1,161 |
5 | State Auto | $1,178 |
6 | Amica | $1,308 |
7 | Travelers | $1,398 |
8 | MetLife | $1,414 |
9 | Nationwide | $1,435 |
10 | GEICO | $1,472 |
11 | California Casualty | $1,484 |
12 | Allstate | $1,613 |
13 | State Farm | $1,646 |
14 | Progressive | $2,128 |
15 | Encompass | $2,516 |
16 | Victoria | $2,963 |
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USAA has some of the most affordable car insurance rates in Maryland at around $958 a year. Liberty Mutual, Penn National, Erie, and State Auto also make the cut as some of the best Maryland insurance companies.
As illustrated above, if you are a policyholder with Liberty Mutual and switched to USAA, you might achieve an annual premium reduction of roughly $167. Drivers with Penn National may save as much as $168 a year, and Erie policyholders might lower prices by up to $203 a year.
To find out how much you can save, click here or visit any of the low-priced companies below.
Understand that those policy rates are averages for all drivers and vehicles in Maryland and do not factor in a price discount for real estate agents. So the car insurance company that can offer the best rates for your situation may not even be featured in the chart above. That point stresses why you need to get auto insurance quotes using your own specific driver information and vehicle.
The vehicle model requiring insurance is probably the most important factor that determines if you can find the best auto insurance for real estate agents. Vehicles with economical engines, modern passenger safety features, or a low likelihood of liability claims will cost less to insure than fast, unsafe models.
The information below outlines insurance rates for the cheapest vehicles to insure in Maryland.
Make, Model, and Trim Level | Annual Cost | Semi-Annual Cost | Monthly Cost |
---|---|---|---|
Chevrolet Malibu LT | $1,260 | $630 | $105 |
Ford Focus SEL 4-Dr Sedan | $1,270 | $635 | $106 |
Honda Accord EX 4-Dr Sedan | $1,038 | $519 | $87 |
Honda Civic LX 2-Dr Coupe | $1,484 | $742 | $124 |
Hyundai Sonata SE 4-Dr Sedan | $1,376 | $688 | $115 |
Nissan Altima 2.5 S 2-Dr Coupe | $1,408 | $704 | $117 |
Toyota Camry SE | $1,302 | $651 | $109 |
Toyota Corolla S | $1,302 | $651 | $109 |
Volkswagen Jetta SE 4-Dr Sedan | $1,334 | $667 | $111 |
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Prices above based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Maryland minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Price estimates do not factor in specific Maryland garaging location which can alter premiums substantially.
Make, Model, and Trim Level | Annual Cost | Semi-Annual Cost | Monthly Cost |
---|---|---|---|
Acura MDX with Tech Package 4WD | $1,366 | $683 | $114 |
BMW X5 3.0I AWD | $1,366 | $683 | $114 |
Cadillac Escalade 2WD | $1,610 | $805 | $134 |
Chevrolet Traverse LT AWD | $1,176 | $588 | $98 |
Ford Escape XLS 4WD | $1,038 | $519 | $87 |
Ford Explorer Limited 4WD | $1,260 | $630 | $105 |
GMC Acadia SLE AWD | $1,228 | $614 | $102 |
GMC Terrain SLT 2WD | $1,250 | $625 | $104 |
Honda CR-V EX 2WD | $1,038 | $519 | $87 |
Honda Pilot LX 2WD | $1,154 | $577 | $96 |
Jeep Grand Cherokee Limited 2WD | $1,334 | $667 | $111 |
Jeep Patriot Limited 2WD | $1,228 | $614 | $102 |
Toyota Highlander Sport 4WD | $1,260 | $630 | $105 |
Toyota RAV4 4WD | $1,228 | $614 | $102 |
Volvo XC90 V8 AWD | $1,440 | $720 | $120 |
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Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Maryland minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Premium amounts do not factor in your specific Maryland location which can affect premiums substantially.
Make, Model, and Trim Level | Annual Cost | Semi-Annual Cost | Monthly Cost |
---|---|---|---|
Chevrolet Silverado 3500HD LT Crew Cab Diesel 2WD | $1,470 | $735 | $123 |
Chevrolet Silverado Crew Cab Hybrid 4WD | $1,440 | $720 | $120 |
Dodge Ram 2500 Crew Cab Laramie 4WD | $1,440 | $720 | $120 |
Dodge Ram 3500 Crew Cab Laramie 4WD | $1,828 | $914 | $152 |
Dodge Ram Crew Cab Sport 2WD | $1,440 | $720 | $120 |
Ford F-150 Lariat King Ranch 4WD | $1,366 | $683 | $114 |
Ford F-350 XL Crew Cab King Ranch 2WD | $1,366 | $683 | $114 |
GMC Sierra 3500HD SLT Extended Cab 4WD | $1,580 | $790 | $132 |
GMC Sierra SLE Extended Cab 4WD | $1,334 | $667 | $111 |
Toyota Tundra Regular Cab 4WD | $1,334 | $667 | $111 |
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Premium data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Table data does not factor in specific Maryland garaging location which can increase or decrease insurance rates greatly.
The example below demonstrates how deductibles can change yearly insurance costs when searching for cheap insurance for real estate agents. The data is based on a single female driver, full coverage, and no additional discounts are factored in.
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As shown above, a 50-year-old driver could reduce rates by $320 a year by increasing from a $100 deductible up to a $500 deductible, or save $486 by switching to a $1,000 deductible. Even younger insureds, like the 20-year-old, could save as much as $816 each year by choosing a larger deductible amount. When choosing a higher deductible, it is necessary to have enough savings set aside to be able to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Choosing a high-quality car insurance provider can be rather challenging considering how many different companies sell coverage in Maryland. The ranking information in the next section could help you select which car insurance providers you want to consider when trying to find the cheapest insurance for real estate agents.
The rankings below are for large nationwide companies, so companies with more of a regional focus are not factored into this list. To compare prices from these and other competitive companies, just click here.
If you are looking for the best car insurance for realtors in Maryland, four of the larger companies to compare rates for are Progressive, Geico, Allstate, and State Farm. When added together, they make up 48.5% of the entire U.S. market share. They all have a unique set of features, discounts, and options that may steer you one way or another. The data below points out some of the different options that policyholders can buy.
Progressive | Geico | Allstate | State Farm | |
---|---|---|---|---|
Overall Price | 3rd | 1st | 4th | 2nd |
Discounts Offered | 4th | 2nd | 1st | 3rd |
Overall Satisfaction | 3rd | 1st | 2nd | 4th |
Claims Service | 4th | 3rd | 1st | 2nd |
U.S. market share | 8.8% | 11.4% | 10% | 18.3% |
Customer recommendation | 88% | 87% | 86% | 88% |
Mechanical breakdown insurance | Yes | Yes | No | No |
Emergency roadside service | Yes | Yes | Yes | Yes |
Rating based on usage | Yes | No | Yes | Yes |
New car replacement insurance | No | No | Yes | No |
Uber and Lyft insurance | Yes | Yes | Yes | Yes |
Accident forgiveness | Yes | Yes | Yes | No |
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