Best Cheap Auto Insurance for Real Estate Agents in Louisiana

The vehicle model to be insured is probably the most important factor when shopping for the best cheap auto insurance for real estate agents in Louisiana. Vehicles with lower performance, a plethora of safety features, or a track record of few liability claims will cost much less to insure than high performance models. The next table showcases coverage costs for a number of the more afforable automobiles to buy coverage for.

Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Rate information does not factor in your specific Louisiana location which can raise or lower auto insurance rates greatly.

Based upon the table data, we can infer that cars like the Honda Accord, Chevrolet Traverse, Ford Edge, Honda CR-V, and Ford Escape are most likely going to be the less-costly vehicles to insure for realtors.

Determining which company quotes the most affordable auto insurance rates for real estate agents takes a tad more effort than just getting one or two price quotes.

Every insurance company has a proprietary formula for determining rates, so to begin we’ll rank the overall cheapest auto insurance companies in Louisiana. It’s important to understand that Louisiana auto insurance rates are calculated based on many things that control the cost of a policy. Getting older, getting divorced, or getting a few speeding tickets can trigger rate changes resulting in some companies being more affordable than others.

Cheap Insurance Rates for Realtors

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USAA generally has some of the most affordable car insurance rates in Louisiana at around $1,626 per year. MetLife, GEICO, Progressive, and Safeway would also make the list of some of the more affordable Louisiana insurance companies.

In the above example, if you are currently insured with Progressive and switched to USAA, you might see a yearly savings of roughly $360. Insureds with Safeway might save as much as $594 a year, and California Casualty policyholders might reduce prices by as much as $643 a year.

To find out how much you can save, click here to start a quote or visit any of the companies below.

Bear in mind that those premium estimates are averaged for all types of insureds and vehicles and do not factor in a price discount for real estate agents. So the company that is most affordable for your situation may not even be in the rate chart shown above. That’s why you need to get quotes using your own personalized driver profile and vehicle information.

Price comparison of only insuring for liability

Finding the best cheap auto insurance for real estate agents in Louisiana is the goal of most people, and an easy way to pay less for insurance is to only buy liability coverage. The illustration below compares premium costs when comparing full coverage to liability only. The rate quotes are based on no claims or driving violations, $250 deductibles, single marital status, and no discounts are factored in.

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As an average, full coverage on your policy costs an extra $2,689 per year more than carrying just liability coverage. That proposes the question when is the right time to remove full coverage. There is no definitive guideline for dropping comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than 10% of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.

There are a few situations where removing full coverage is not a good idea. If you still owe a portion of the original loan, you are required to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not buy liability only.

Progressive, Allstate, State Farm, and Geico: Who is cheapest?

When it comes to buying auto insurance, four good companies to start with are Progressive, Allstate, State Farm, and Geico. When combined, they make up over 48% of all vehicles in the U.S.. The following table breaks down pricing and service ratings, plus some optional coverages shoppers can expect to find with each one.