Finding dependable, affordable insurance is tough enough, and determining which insurers offer the cheapest car insurance rates for real estate agents will take even more work. Every insurance provider has a different formula for determining rates, so let’s take a look at the car insurance companies with the most affordable rates in Tampa, FL.
Find Cheaper Auto Insurance for Realtors
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $948 |
| 2 | Electric | $1,746 |
| 3 | Amica | $1,764 |
| 4 | Progressive | $1,775 |
| 5 | Allied | $1,945 |
| 6 | Travelers | $1,945 |
| 7 | Mercury | $1,973 |
| 8 | Esurance | $2,102 |
| 9 | State Farm | $2,110 |
| 10 | Auto-Owners | $2,171 |
| 11 | GEICO | $2,172 |
| 12 | Allstate | $2,317 |
| 13 | 21st Century | $2,397 |
| 14 | Windhaven Insurance | $2,549 |
| 15 | MetLife | $2,900 |
| 16 | Hanover | $2,964 |
| 17 | Safeco | $2,987 |
| 18 | Liberty Mutual | $3,101 |
| 19 | United Automobile | $3,422 |
| 20 | Direct General | $3,902 |
| Find Your Rate Go | ||
USAA quotes some of the best car insurance rates in Tampa at around $948 per year. This is $1,500 less than the average price paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Allied also qualify as some of the cheapest Tampa, FL insurance companies.
In the rate table above, if you are currently insured with Electric and switched to USAA, you could realize a yearly price reduction of about $798. Florida drivers with Amica might save as much as $816 a year, and Progressive customers might reduce prices by as much as $827 a year.
To find out how much you can save, click here or quote prices from the following companies.
These policy prices are averaged across all types of insureds and vehicles and do not factor in a specific zip code for real estate agents. So the insurer that is best suited for you may not even be in the top 21 companies in the list above. That emphasizes why you need to quote rates from many companies using your own specific driver and vehicle information.
For realtors, one of the big things that determine the amount you pay for auto insurance is where you live. Cities with more crime and/or more people tend to have more expensive auto insurance rates, whereas areas that tend to be more rural receive better rates.
The next table sorts the most expensive areas in Florida for real estate agents in which to buy car insurance. Tampa shows up at #6 with an annual premium of $2,610 for coverage, which is approximately $218 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Hialeah | $3,523 |
| 2 | Miami Gardens | $3,277 |
| 3 | Miami | $3,177 |
| 4 | Miami Beach | $2,923 |
| 5 | West Palm Beach | $2,705 |
| 6 | Tampa | $2,610 |
| 7 | Miramar | $2,603 |
| 8 | Fort Lauderdale | $2,576 |
| 9 | Hollywood | $2,552 |
| 10 | Pompano Beach | $2,543 |
| 11 | Coral Springs | $2,474 |
| 12 | Davie | $2,473 |
| 13 | Pembroke Pines | $2,407 |
| 14 | Brandon | $2,322 |
| 15 | St. Petersburg | $2,286 |
| 16 | Clearwater | $2,238 |
| 17 | Orlando | $2,090 |
| 18 | Spring Hill | $2,060 |
| 19 | Jacksonville | $2,020 |
| 20 | Port St. Lucie | $1,916 |
| Find Cheaper Rates Go | ||
Rate quotes are approximated as the specific zip code location can increase or decrease auto insurance rates greatly.
The vehicle you are insuring is one of the main factors when quoting cheap coverage for real estate agents. Vehicles with limited top-end speed, modern passenger safety features, or a low likelihood of having liability claims will cost much less to insure than higher performance models.
The next table shows auto insurance rates for a handful of the more affordable automobiles to insure in Florida.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX 4-Dr Sedan | $2,206 |
| Honda CR-V EX 4WD | $2,258 |
| Ford Escape XLS 4WD | $2,280 |
| Honda Odyssey EX W/Rear Entertainment | $2,347 |
| Dodge Grand Caravan Hero | $2,392 |
| Jeep Grand Cherokee Laredo 4WD | $2,400 |
| Chevrolet Malibu LT | $2,437 |
| Toyota Prius | $2,453 |
| Jeep Wrangler Rubicon 4WD 2-Dr | $2,472 |
| Ford F-150 FX2 Super Cab 2WD | $2,481 |
| Kia Optima LX | $2,562 |
| Nissan Rogue S AWD | $2,568 |
| Chevrolet Impala LS | $2,565 |
| Compare Cheap Rates Go | |
Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Rate information does not factor in specific zip code location which can change premiums significantly.
Looking at the data, we can tell that models like the Honda Accord, Honda CR-V, and Ford Escape are most likely going to be the most affordable vehicles to insure for realtors.
The information below demonstrates how deductible levels can change insurance prices when searching for cheap insurance for real estate agents. Data assumes a single female driver, comp and collision included, and no discounts are applied to the premium.
The chart above illustrates that a 40-year-old driver could cut expenses by $394 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $596 by choosing a $1,000 deductible. Even younger drivers, such as the 20-year-old example, could potentially save up to $1,008 or even more by choosing larger deductibles on their policy. When choosing a higher deductible, it’s a good idea to have enough savings set aside to offset the extra out-of-pocket expense, which is the main drawback of higher deductibles.
Insurance rate increases from tickets or accidents
The obvious way to snag cheap car insurance rates in Florida for realtors is to be a careful driver and not receive tickets or have accidents. The information below shows how speeding tickets and at-fault accidents impact insurance rates for different categories of driver ages. The premiums assume a single female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are factored in.
The data charted above shows the average cost of car insurance in Florida per year with no accidents and a clean driving record is $1,868. Get one speeding ticket and the average cost rises to $2,120, an increase of $252 each year. Then add one accident along with the one speeding ticket and the annual cost of car insurance for real estate agents jumps again to an average of $2,814. That’s an increase of $946, or $79 per month, just for not being a responsible driver!
Cost difference between full coverage and liability
Paying a lower price for car insurance is important to most people, and an easy way to lower the cost of insurance for real estate agents is to not pay for full coverage. The diagram below shows the difference between insurance costs with full coverage and liability only. The premium estimates are based on no violations or accidents, $250 deductibles, single marital status, and no discounts are factored in.
If averaged out across all ages, comprehensive and collision coverage on your policy costs $2,973 per year over having just liability coverage. That raises the question if physical damage coverage is worth the money. There is no definitive rule to exclude full coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than about 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.