It’s hard to miss the catchy advertisements from insurers like Nationwide, State Farm, and Progressive promising huge savings, so you just need to choose any of them, right?
It’s just not that easy, however, as there are a lot of unknown aspects such as your financial stability, your marital status, how far you drive each year, and what your desired deductibles are, that all have an effect on the price. The content below will cover some of these things and will hopefully give you some help in finding cheaper rates.
One of the more important criteria that help determine insurance cost is where you call home. Regions with larger populations or more claims will most likely have higher rates, whereas areas with less crime or weather claims benefit from lower rates.
The table below lists the most expensive cities in Nevada for real estate agents to purchase auto insurance in. Las Vegas is ranked at #5 with an annual cost of $1,949 for the average insurance policy, which is about $162 monthly.
|7||North Las Vegas||$1,844|
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Rate information is approximated as the specific garaging location can affect prices significantly.
The make and model of vehicle on the policy is one of the main factors when quoting the best coverage for real estate agents. Vehicles with lower acceleration and performance, a plethora of safety features, or a positive history of liability claims will cost significantly less to insure than fast, unsafe models. The next list ranks car insurance rates for a number of the most economical vehicles to buy coverage for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$2,810|
|Ford Escape XLT 2WD||$2,815|
|Honda Odyssey EX W/Rear Entertainment||$2,852|
|Toyota Tacoma Double Cab 4WD||$2,909|
|Ford Focus SES 4-Dr Sedan||$3,002|
|Hyundai Elantra GLS 4-Dr Sedan||$3,058|
|Nissan Rogue SL 2WD||$3,115|
|Toyota Corolla XRS||$3,120|
|GMC Sierra 2500HD SLE Regular Cab 4WD||$3,115|
|Honda Accord EX-L 4-Dr Sedan||$3,268|
|Kia Optima EX||$3,322|
|Ford Fusion S 4-Dr Sedan||$3,329|
|Dodge Grand Caravan SE||$3,371|
|Jeep Wrangler Sahara 4WD 2-Dr||$3,380|
|Dodge Ram 2500 Crew Cab ST 4WD||$3,375|
|Ford Explorer Eddie Bauer AWD||$3,393|
|Chevrolet Malibu LT||$3,400|
|Ford F-150 XLT Super Cab 4WD||$3,446|
|Ford Edge Sport AWD||$3,503|
|Toyota Camry SE||$3,509|
|Volkswagen Jetta SE 2.5 Station Wagon||$3,535|
|Nissan Altima 2.5 4-Dr Sedan||$3,560|
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Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Prices do not factor in the specific area where the vehicle is garaged which can impact price quotes noticeably.
Based on these rates, makes and models like the Toyota Prius, Honda CR-V, Ford Escape, and Honda Odyssey are likely to be the most affordable vehicles to insure for realtors.
Reckless driving habits raise car insurance rates
The common sense way to obtain the best car insurance premiums in Nevada for realtors is to drive cautiously and avoid traffic citations and accidents. The chart below shows how violations and at-fault accidents impact premium costs for different categories of driver ages. The premium estimates are based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no other discounts are factored in.
The data charted above shows the average cost of auto insurance in Nevada per year with no violations or accidents is $1,940. Receive two speeding tickets and the average cost surges to $2,564, an increase of $624 each year. Then include one accident along with the two speeding tickets and the yearly cost of car insurance for real estate agents goes up to an average of $3,204. That’s an increase of $1,264, or $105 per month, just for not driving safely!
Full coverage versus liability-only in Las Vegas
Saving money on car insurance is important to the majority of drivers, and one good way to pay less for insurance for real estate agents is to not buy comprehensive and collision coverage. The diagram below compares insurance costs with full coverage compared to only the Nevada minimum liability coverage. The prices are based on no tickets, no at-fault accidents, $500 deductibles, drivers are not married, and no discounts are taken into consideration.
If the expense is averaged for all age categories, physical damage coverage costs an additional $1,971 per year over having just liability coverage. Many drivers may wonder when is it a good idea to stop buying full coverage. There is no exact rule to stop paying for full coverage on your policy, but there is a general school of thought. If the annual cost of your full coverage insurance is 10% or more 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 pretend your vehicle’s settlement value is $7,500 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $6,500 after you pay the deductible. If you are paying over $650 a year to have full coverage, then you may want to consider only buying liability coverage.
How to find low-cost auto insurance for real estate agents
It is possible to find better rates, and here are some of the recommended money-saving solutions that can help drivers get cheaper coverage.
- Increase the comprehensive and collision deductibles on your policy
- Violations and traffic tickets increase rates
- Lower rates by purchasing a safer vehicle
- Do not insure for full coverage
- Good credit can save money
- Do not get into accidents that are your fault
- Keep rates low by comparing prices once a year
That final tip is especially crucial, as we emphasized in the prior information. Prices charged by car insurance companies fluctuate constantly, so don’t be tentative to switch to a new company if a lower-cost policy is available. Many drivers tend to have loyalty to a certain company, but it’s not a good idea if that inflexibility results in costing you thousands of dollars over the life of your policy. Take a couple minutes and compare prices to find cheaper car insurance for real estate agents in Las Vegas.
The auto insurance agents in Las Vegas shown below are willing to answer your questions and help you decide which car insurance company is the best fit, as some drivers aren’t sure which coverage they need and prefer to have the advice of a professional agent when trying to find lower insurance rates for real estate agents. It can be complicated to find the best coverage on your own, so using a licensed agent can bring comfort knowing your policy gives you adequate protection.
To find a Las Vegas insurance agent near you, click the link after the list or click here to compare price quotes now.
- Insurance Specialists – Auto and Home Agency
5025 S Eastern Ave #20 – Las Vegas, NV 89119 – (702) 307-3398
- Estrella Insurance Services
3700 E Charleston Blvd #130 – Las Vegas, NV 89104 – (702) 382-1177
- AmeriSent Insurance
6070 S Eastern Ave #400 – Las Vegas, NV 89119 – (702) 456-1400
- Balsiger Insurance
3481 E Sunset Rd #100 – Las Vegas, NV 89120 – (702) 220-8640
- Bleecher Insurance
3085 S Jones Blvd – Las Vegas, NV 89146 – (702) 477-7776