Who Has the Cheapest Auto Insurance for Real Estate Agents in Philadelphia?

The vehicle model on the policy is one of the biggest factors when shopping for low-priced auto insurance for real estate agents. Vehicles with lower performance, excellent safety ratings, or a positive history of liability claims will cost substantially less to insure than fast, unsafe models.

The list below outlines coverage costs for some of the most budget-friendly vehicles to buy coverage for.

Cheapest Vehicles to Insure in Philadelphia, PA
Vehicle Insured Estimated Cost for Full Coverage
Honda CR-V EX-L 4WD $4,329
Ford Escape XLS 2WD $4,640
Chevrolet Impala LT $5,016
Ford F-150 FX4 Super Cab 4WD $5,113
Ford Explorer Limited 4WD $5,123
Honda Civic VP 4-Dr Sedan $5,192
Hyundai Elantra GLS 4-Dr Sedan $5,285
Toyota Camry SE $5,295
Toyota Prius $5,304
Nissan Rogue SL 2WD $5,373
Hyundai Sonata GLS 4-Dr Sedan $5,379
Dodge Grand Caravan SE $5,392
Dodge Ram Crew Cab ST 4WD $5,471
Toyota RAV4 Sport 2WD $5,489
Chevrolet Malibu LS $5,497
Honda Odyssey EX $5,531
Jeep Wrangler Unlimited Sahara 2WD 4-Dr $5,628
Jeep Grand Cherokee Laredo 2WD $5,656
GMC Sierra 2500HD SLT Extended Cab 4WD $5,666
Chevrolet Equinox LS AWD $5,656
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Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Rate quotes do not factor in specific location information which can modify rates considerably.

Based upon the table data, we can expect cars like the Honda CR-V, Ford Escape, Chevrolet Impala, and Ford F-150 should be the cheapest vehicles to insure for realtors.

Finding out which company quotes the best car insurance rates for real estate agents takes a little more sweat than just getting one or two price quotes. Every auto insurer has their own formula to determine premium rates, so let’s rank the car insurance companies with the most affordable rates in Philadelphia.

Best Auto Insurance Prices for Realtors

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What’s the cheapest car insurance in Pennsylvania?
Rank Company Cost Per Year
1 General Casualty $718
2 Travelers $779
3 USAA $785
4 Penn National $816
5 Erie $816
6 Auto-Owners $993
7 Amica $1,012
8 Atlantic States $1,047
9 Donegal Mutual $1,069
10 GEICO $1,111
11 State Farm $1,162
12 Allied $1,190
13 California Casualty $1,234
14 State Auto $1,267
15 Encompass $1,344
16 Harleysville $1,396
17 Mutual Benefit Group $1,397
18 Nationwide $1,447
19 Progressive $1,457
20 Chubb $1,583
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General Casualty offers some of the cheapest car insurance rates in Philadelphia at around $718 a year. This is $939 less than the average policy premium paid by Pennsylvania drivers of $1,657. Travelers, USAA, Penn National, and Erie are also some of the cheaper Philadelphia, PA car insurance companies.

In the above example, if you currently have coverage with Penn National and switched to Travelers, you could earn yearly savings of around $37. Insureds with Erie could save as much as $37 a year, and Auto-Owners policyholders might reduce prices by as much as $214 a year.

To see how much you can save, click here to get a free quote or visit several of the following companies.

Be aware that those policy prices are averaged for all drivers and vehicles and and are not calculated with a specific location for real estate agents. So the car insurance company that is best for you may not even be in the top 30 companies in the list above. That emphasizes why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.

Get discounts on Philadelphia auto insurance rates

Discounts on car insurance for real estate agentsAuto insurance companies that sell policies for real estate agents may also provide rate discounts that can lower rates by 35% or more if you meet certain criteria. Larger car insurance companies and some of their more popular discounts include:

The chart below visualizes the comparison of insurance costs with and without discounts applied to the premium. Data assumes a male driver, no claims, a clean driving record, Pennsylvania state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with vehicle safety, accident-free, anti-theft, claim-free, homeowner, and multiple vehicle discounts applied. When discounts are factored in, the average amount saved each year on car insurance for real estate agents is 28% or $517.

Full coverage rates compared to liability-only

Reducing premiums for car insurance should be important to the majority of drivers, and one of the quickest ways to lower the cost of insurance for real estate agents is to only buy liability coverage. The information below visualizes the comparison of auto insurance costs with full physical damage coverage compared to only buying liability only. The information is based on no claims or driving citations, $1,000 deductibles, single marital status, and no discounts are applied to the premium.

As an overall average, physical damage insurance costs $1,385 per year more than just buying liability only. At some point, every insured wonders if you should buy full coverage at all. There is no exact formula to eliminate physical damage coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.

A good deal can quickly turn bad

Philadelphia car insurance rates are impacted by many things that will increase or decrease the cost of having a policy. Simply turning a year older, marrying your spouse, or having an at-fault accident can trigger changes in premium that can cause some rates to be much cheaper than others. In addition to those changes, insurance companies change their prices as needed to adjust for gains or losses. Higher than normal claim frequency or severity may result in more expensive prices, while lower claims can result in cheaper Philadelphia car insurance rates.

To illustrate this example, the bar chart below demonstrates which company has the cheapest car insurance in Philadelphia, PA for a 30-year-old male driver with a clear driving record, no claims, and great credit. Based on his current situation, General Casualty offers the lowest car insurance rates in Philadelphia at $1,684 a year. This is $27 more than the average premium paid by Pennsylvania drivers of $1,657. Erie, Travelers, Penn National, and USAA are the remainder of the top five cheapest Philadelphia, PA auto insurance companies.

Now we will give the driver from above a claim, bad credit, and a traffic citation. Because every insurance company has their own process to establish rates, comparing quotes will most likely result in a slightly different list of affordable companies as shown below.

Auto-Owners now has the cheapest insurance rate in Philadelphia, PA with Atlantic States, Donegal Mutual, Travelers, and Penn National also having competitive pricing. This example shows why consumers need to spend some time comparing rates when trying to get the cheapest insurance rates for real estate agents.

Insurance prices are impacted by many factors and change dramatically, so the cheapest rate a year ago may now be an over-priced policy.