Who Has Cheap Auto Insurance Quotes for Real Estate Agents in Utah?

Because the topic is auto insurance, the word “cheap” should never be used anywhere in the article to describe car insurance prices. Forgive the oxymoron, but cheap auto insurance for real estate agents is not always easy to find. We’ll try to make it up to you, because there may be ways you can find car insurance that you can afford.

Comparing rates for budget insurance is difficult, and figuring out which companies quote the lowest-priced car insurance rates for real estate agents involves additional perseverance. Every auto insurer uses slightly different criteria to set their prices, so let’s begin by examining the overall cheapest car insurance companies in Utah.

Best Auto Insurance Prices for Realtors

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Bear River offers some of the lowest car insurance rates in Utah at around $566 a year. USAA, Auto-Owners, American Family, and Allied also make the cut as some of the more affordable Utah auto insurance companies.

As shown in the rates above, if you are a policyholder with American Family and switched to USAA, you might see savings of roughly $233. Drivers with Allied might save as much as $268 a year, and Farm Bureau Mutual customers might see rate reductions of $277 a year.

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

Remember that these premium estimates are averages for all insureds and vehicles and do not take into consideration a rate discount for real estate agents. So the company that fits your age and vehicle best may not even be included in the chart above. That emphasizes why you need to quote rates from as many companies as possible using your own driver and vehicle profiles.

One of the key things that affect insurance cost is the neighborhood you call home. Areas that are densely populated or have higher claim frequency like Taylorsville, Kearns, and Cottonwood Heights will most likely pay more, whereas areas that tend to be more rural benefit from lower prices.

The information below shows the most expensive areas in Utah for real estate agents to purchase auto insurance in.

Premium amounts are approximated as specific Utah garaging address can revise prices significantly.

Price comparison of only insuring for liability

Finding cheap auto insurance for real estate agents in Utah is important to the majority of vehicle owners, and an easy way to find cheap insurance is to only pay for liability coverage. The illustration below compares auto insurance costs with and without full coverage. The costs are based on no violations or claims, $500 deductibles, single marital status, and no additional discounts are factored in.

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If averaged for all ages, physical damage coverage on your policy costs an extra $1,267 per year over having just liability coverage. That is a large expense and it proposes the question if you should buy full coverage at all. There is no written rule for eliminating physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.

For example, let’s say your vehicle’s replacement value is $9,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $8,000 after paying the physical damage deductible. If you are currently paying more than $800 annually for full coverage, then it could be time to drop full coverage.

There are some situations where only buying liability is not a good plan. If you haven’t satisfied your loan, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should keep full coverage.

Is the best company Progressive, Allstate, State Farm, or Geico?

If you want the best car insurance for realtors in Utah, four of the larger companies to compare rates for are Progressive, Allstate, State Farm, and Geico. All offer liability and physical damage insurance, but each one has slightly different options that policyholders can choose from. The next table compares some of the different features shoppers can expect to find with each one.

Ideas to find cheaper car insurance for real estate agents

Here are some penny-pinching suggestions that can help Utah drivers get the cheapest auto insurance.

• Drivers with good credit ratings often pay less
• Buy vehicles with five-star safety ratings
• Maintain a clean driving record
• Increase your comprehensive and collision deductibles
• Older vehicles may not need full coverage
• Do not get into accidents
• Compare prices as often as possible

That last idea is very valuable, as we hit on in this piece. Coverage prices vary considerably, so drivers shouldn’t be resistant to buy a different policy if a cheaper rate is available.

Many drivers tend to have loyalty to a certain company, but is isn’t recommended if your bullheadedness ends up costing you a lot of money. If you have a few minutes, now is a great time to compare prices to find cheaper auto insurance for real estate agents.

Who has the cheapest insurance quotes for realtors?

Thanks to the internet, there are a lot of ways to compare car insurance quotes in Utah, but the most frequently used ways are using a captive (or exclusive) agency such as Liberty Mutual or Allstate, an independent or non-exclusive agent, or direct from companies such as Progressive or Geico. You can use whichever you prefer, but car insurance shoppers should know the differences in how they work.

Independent agents can place your business with multiple companies and can get policy pricing from every one. Independent agents do not write with just one company and can provide you with more rates, which may give you the best chance of saving money. If premiums increase, they can switch companies in-house and you can remain with the same agent.

Exclusive agencies are only able to give rates for a single insurance company, two examples are an Allstate or Liberty Mutual agent. This type of agents cannot provide prices from multiple companies, so if rates are not competitive, they cannot give other choices.

Direct car insurance buyers bypass an independent or exclusive agent and instead buy direct either online or via phone. Buying direct can be a good choice for drivers who do not need high amounts of coverage and have knowledge of how car insurance works.

What is the best method to find cheap auto insurance for real estate agents in Utah? Most people assume that buying direct saves money since that prevents the need to pay agent commissions, but unfortunately, that is not the case. We could also assume that an independent agency results in the best rates because they can quote many companies, but that assumption is also not accurate. And sometimes, exclusive agents may have very competitive prices that cannot be beaten by either independent or direct companies.

Because it’s impossible to say who has the best car insurance rates, the guaranteed way to find out which one is cheapest is to get as many comparison quotes as possible. Make the effort to get price quotes all three ways to have the best rate selection. For a list of companies offering online discounts, click here to view.