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

Comparing quotes for reasonably-priced car insurance is easier said than done, and deciding which company has the cheapest auto insurance rates for real estate agents involves a bit more work. Each auto insurer uses a slightly different approach for determining rates in each state, so to begin we’ll rank the auto insurance companies that tend to be cheaper in Georgia.

We do need to point out that Georgia auto insurance rates are impacted by many things that control the cost of a policy. Simply improving your credit score, buying a home, or getting a ticket for careless driving can produce rate changes that can make some companies cheaper in comparison to the competition.

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Auto-Owners may have some of the most affordable car insurance rates in Georgia at around $839 each year. The Hartford, USAA, Central Mutual, and MetLife also make the cut as some of the most economical Georgia insurance companies.

As the rates illustrate above, if you are a policyholder with Central Mutual and switched to Auto-Owners, you may see an annual premium reduction of in the vicinity of $366. Georgia drivers with MetLife could save as much as $399 a year, and Georgia Farm Bureau policyholders might reduce rates by $434 a year.

To find out how your current rates compare, click here to begin a quote or quote rates from the companies below.

These policy prices are averages across all ages of drivers and types of vehicles and do not take into consideration a price discount for real estate agents. So the company that has the cheapest rates for you may not even be shown in the company chart above. That underscores the importance of why you need to get car insurance quotes using your own driver data and vehicle information.

The type of vehicle driven is one of the biggest factors when comparing quotes for the best cheap insurance for real estate agents. Vehicles with limited speed and performance, modern passenger safety features, or a positive history of liability claims will cost significantly less to insure than higher performance models.

The data below ranks coverage rates for a selection of the more afforable automobiles to insure in Georgia.

Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Georgia minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Price estimates do not factor in specific location information which can lower or raise price quotes greatly.

Based upon the rates shown, models like the Ford Escape, Honda CR-V, and Honda Odyssey are most likely going to be a few of the cheapest vehicles to insure for realtors.

Price comparison of only insuring for liability

Finding cheap auto insurance for real estate agents in Georgia is the goal of most people, and one of the fastest ways to find cheap insurance is to not buy full coverage. The information below visualizes the comparison of yearly insurance costs with full physical damage coverage compared to only buying liability only. The price estimates are based on no violations or accidents, $100 deductibles, drivers are single, and no discounts are taken into consideration.

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As an average for all age groups, physical damage coverage on your policy costs $3,070 per year over and above liability only. That is a large expense and it proposes the question when is the right time to remove full coverage. There is no exact formula of when to exclude comprehensive and collision coverage on your policy, but there is a broad guideline. If the annual cost of having full coverage is about 10% or more of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.

For example, let’s say your vehicle’s replacement cost is $4,500 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would receive is $3,500 after you pay the deductible. If it’s costing you more than $350 annually for comprehensive and collision coverage, then you might want to consider buying only liability coverage.

How to find cheap auto insurance for real estate agents in Georgia

The list below details some thrifty solutions that can help Georgia drivers locate more affordable car insurance.

• Drop full coverage on older vehicles
• Claim-free policyholders usually earn a discount
• Avoid at-fault accidents and claims
• Increase physical damage deductibles
• Save money by observing traffic laws and speed limits
• Compare prices frequently to find the best deal

The last idea is extraordinarily important, as was affirmed in the prior article. Coverage rates in Georgia can change in a short period of time, so drivers shouldn’t be reluctant to buy a policy from a new company if a better deal can be had. Many drivers prefer to stick with one company, but it isn’t a good idea if that stubbornness costs you thousands of dollars over the life of your policy. If you have a few minutes, now is a great time to compare prices to find cheaper auto insurance for real estate agents.

Cheap insurance quotes for realtors

There are quite a few ways to comparison shop for auto insurance in Georgia, but the most preferred ways are using an independent insurance agent, an exclusive insurance agency such as State Farm or Auto-Owners, or from a direct company like Progressive. All three ways are similar, but they are slightly different in how they give price quotes.

Independent agents write business for many companies and can quote your policy with each one. Independent agents can provide multiple price quotes, which can give you more bang for your buck. If a cheaper price is found, they can switch companies in-house which requires no work on your part.

Exclusive agents are only able to place business with a single company, examples being an Auto-Owners or State Farm agent. These agents are unable to quote prices from more than a single company, so if rates are not competitive, they cannot shop around.

Auto insurance from a direct company means you forego an independent or exclusive agent and instead shop from a direct company like Progressive. Shopping for auto insurance direct can be good for people who do not need risk management and have a good understanding of what auto insurance covers.

Which way works best to find cheap auto insurance for real estate agents in Georgia? Most drivers assume that buying direct saves money because you bypass the middleman, but that is generally not the case. We could also assume that an independent agent guarantees the lowest rates since there are more companies to choose from, but again, that’s not accurate. In many cases, exclusive agents may have prices that are impossible to beat.

Because it’s impossible to say who has the best auto insurance rates, the only real way to not overpay for auto insurance is to do a thorough rate comparison. If you have the time, get price quotes from independent, exclusive, and direct to have enough rates to compare. For a list of auto insurance companies with low rates, click here to view.