The words “low-cost” and “auto insurance” really don’t belong together, in particular when trying to find the best car insurance for real estate agents. Because it’s not cheap, let’s start the ball rolling by going over some of the things that impact insurance premiums, and see if you can take the bite out of the next policy you buy.
One of the many factors that are looked at to determine the annual cost of car insurance is where you live in San Diego. Areas with high crime rates or more dense population tend to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims benefit from lower prices.
The illustration below shows the highest-priced places in California for real estate agents to purchase a policy in. San Diego comes in at #24 costing $1,340 for car insurance, which is approximately $112 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Glendale | $2,142 |
| 2 | Los Angeles | $2,104 |
| 3 | Oakland | $1,738 |
| 4 | San Francisco | $1,711 |
| 5 | Sacramento | $1,669 |
| 6 | San Bernardino | $1,644 |
| 7 | Stockton | $1,603 |
| 8 | Santa Clarita | $1,595 |
| 9 | Long Beach | $1,578 |
| 10 | Garden Grove | $1,570 |
| 11 | Moreno Valley | $1,536 |
| 12 | Fontana | $1,519 |
| 13 | Modesto | $1,502 |
| 14 | Riverside | $1,482 |
| 15 | Anaheim | $1,474 |
| 16 | Fresno | $1,472 |
| 17 | Santa Ana | $1,439 |
| 18 | Fremont | $1,403 |
| 19 | San Jose | $1,395 |
| 20 | Bakersfield | $1,381 |
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Rates are approximated as the garaging address in San Diego can raise or lower premiums greatly.
The make and model of vehicle you are trying to insure is a large consideration that determines whether or not you can buy low-priced car insurance for real estate agents. Vehicles with economical engines, excellent safety ratings, or a track record of few liability claims will cost significantly less to insure than adrenaline junky models. The table below outlines auto insurance prices for a handful of the more affordable vehicles to insure.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Toyota Prius | $926 |
| Honda CR-V EX-L 2WD | $980 |
| Chevrolet Malibu Hybrid | $991 |
| Chevrolet Silverado LT Extended Cab 4WD | $998 |
| Toyota RAV4 4WD | $991 |
| Dodge Ram 3500 Crew Cab Laramie 2WD | $1,009 |
| Ford Focus SES 4-Dr Sedan | $1,024 |
| Honda Accord LX 4-Dr Sedan | $1,028 |
| Hyundai Elantra GLS Touring Station Wagon | $1,035 |
| Ford Escape XLS 4WD | $1,028 |
| Nissan Altima 2.5 S 4-Dr Sedan | $1,042 |
| Chevrolet Equinox LTZ AWD | $1,061 |
| Kia Optima LX | $1,066 |
| Ford Explorer Eddie Bauer 2WD | $1,078 |
| Dodge Ram Quad Cab SLT 4WD | $1,080 |
| Volkswagen Jetta 2.0T Station Wagon | $1,119 |
| Toyota Camry Hybrid | $1,132 |
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Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Price information does not factor in San Diego, CA location which can increase or decrease premium rates substantially.
Looking at the rates, we can presume that makes and models like the Toyota Prius, Honda CR-V, Chevrolet Malibu, Chevrolet Silverado, and Toyota RAV4 are the more affordable vehicles to insure for realtors.
California auto insurance companies ranked
Choosing a high-quality insurance provider can be a challenge considering how many companies there are in California. The information in the next section can help you pick which auto insurers you want to consider comparing rates from.
The ratings below include companies with a national presence, so companies that focus mainly on California business are not factored into these rankings. If you would like to check rates and find cheaper insurance for real estate agents, follow this link.
Top 10 Major Auto Insurance Providers Overall in San Diego
- USAA
- American Family
- AAA of Southern California
- State Farm
- The Hartford
- AAA Insurance
- GEICO
- The General
- Titan Insurance
- Progressive
How to get discounts on San Diego insurance rates
Auto insurance companies that provide policies for real estate agents may also provide discounts that can reduce rates by as much as 25% or more if you qualify. A list of companies and a partial list of their discounts can be found below.
- AAA policyholders can earn discounts including AAA membership discount, pay-in-full, multi-policy, anti-theft, multi-car, education and occupation, and good driver.
- Progressive offers discounts for good student, continuous coverage, multi-policy, homeowner, and online signing.
- State Farm discounts include multiple autos, good student, Drive Safe & Save, safe vehicle, good driver, and Steer Clear safe driver discount.
- Esurance offers discounts including good driver, good student, paid-in-full, homeowner, Switch & Save, and anti-theft.
- Nationwide has discounts for good student, accident-free, Farm Bureau membership, anti-theft, defensive driving, family plan, and business or organization.
The example below illustrates the comparison of auto insurance costs with and without policy discounts. The costs are based on a female driver, no violations or accidents, California state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with multiple policy, accident-free, defensive driving course, marriage, passive restraint, and multiple vehicle discounts applied. When drivers qualify for the discounts, theaverage yearly reduction on auto insurance for real estate agents is 28% or $662.
Price comparison of only insuring for liability
Finding cheaper auto insurance should be important to most drivers, and an easy way to buy cheaper insurance for real estate agents is to buy liability only. The illustration below illustrates the difference between insurance prices when comparing full coverage to liability only. The data assumes a clean driving record, no at-fault accidents, $250 deductibles, drivers are single, and no policy discounts are applied.
If averaged for all ages, comp and collision coverage costs an extra $3,093 per year over and above liability only. That is a significant amount which raises the question if full coverage is worth the money. There isn’t a written rule that is best for determining when to drop full coverage on your policy, but there is a broad guideline. If the annual cost of coverage is more than 10% of the settlement you would receive from your company, then you might want to consider buying only liability coverage.
The benefits of price comparisons
San Diego auto insurance rates are based on many factors that may substantially change the price you pay for coverage. Simply getting older, moving across town, or getting a speeding ticket may prompt premium changes that can cause some rates to be more affordable than the competition. Also, insurance companies change the rates they charge in California as often as every quarter to help ensure profitability. A period of higher than normal claims may result in higher prices, while profitable underwriting can cause more affordable San Diego car insurance rates.
The graph below shows the cheapest car insurance in San Diego, CA for a 30-year-old male driver with a good driving record, no prior claims, and a good credit history. If we estimate prices based on his current rating profile, USAA may offer the most affordable car insurance rates in San Diego at $1,164 annually. This is $487 less than the average rate paid by California drivers of $1,651. Wawanesa, Nationwide, Century National, and CSAA are the remaining most affordable San Diego, CA auto insurance companies.
The chart below compares rates after we give the driver from the first set of rates a chargeable claim, less-than-perfect credit, and a few blemishes on his driving record. Since each auto insurance company has a unique formula for determining rates, analyzing rates could result in a slightly different list of cheap San Diego auto insurance companies as shown below.
Grange now has the cheapest auto insurance in San Diego, CA with Progressive, Allstate, Mercury, and GEICO now rounding out the top five. This example illustrates why it is so important to compare many different companies when trying to get the most budget-friendly car insurance rates for real estate agents. Rates can be determined by many risk factors and can increase or decrease at any time, so the best option the last time you checked may now be one of the higher cost companies.
The insurance agencies listed below can answer your questions and help you decide which policy is best, since some drivers aren’t sure which coverage they need and prefer to have a little guidance when buying car insurance for realtors. It can be challenging to do it yourself, and getting professional guidance from a licensed agent can add peace of mind knowing your coverage gives you adequate coverage if you have an accident or claim.
To locate a San Diego car insurance agency close to you, click the button below the list.
- Curtis Moring Insurance Agency Inc.
5425 Oberlin Dr #201 – San Diego, CA 92121 – (619) 718-7578 - Barney and Barney Insurance Services LLC
9171 Towne Centre Dr Suite 500 – San Diego, CA 92122 – (800) 321-4696 - Rob Robinson – State Farm Insurance Agent
9939 Hibert St #203 – San Diego, CA 92131 – (619) 275-6000