Best Auto Insurance for Real Estate Agents in 2024 (Top 8 Companies Ranked)
The winners for the best auto insurance for real estate agents are State Farm, Geico, and Progressive. Real estate agents typically have an average monthly cost of $92 for their auto insurance. Our top pick is State Farm, providing real estate agents with a budget-friendly fee of only $86 per month.
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Kristen Gryglik
Licensed Insurance Agent
Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...
Licensed Insurance Agent
UPDATED: Feb 16, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Feb 16, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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The winners for the best auto insurance for real estate agents are State Farm, Geico, and Progressive. Securing the top spot, State Farm offers real estate agents an economical monthly fee of just $86.
Why is it a good idea for real estate licensees to carry auto insurance? Realtors should consider full coverage auto insurance for added protection, covering vehicle damages and medical expenses in accidents.
| Company | Rank | Safe Driver Discount | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | 30% | A++ | Multiple Policies | State Farm |
 | #2 | 26% | A++ | Low Rates | Geico |
 | #3 | 30% | A+ | Snapshot Program | Progressive |
 | #4 | 22% | A+ | Drivewise Program | Allstate |
 | #5 | 30% | A | Coverage Options | Liberty Mutual |
 | #6 | 20% | A++ | Military Members | USAA |
 | #7 | 10% | A+ | SmartRide Program | Nationwide |
 | #8 | 15% | A | Various Discounts | Farmers |
Real estate agents must meet their state’s minimum liability coverage due to auto insurance laws, vital for frequent showings and closings.
Discover real estate agent auto insurance requirements and enter your ZIP code above to find the best rates for realtors.
- Real estate agents should exceed state liability minimums for auto insurance
- Certain insurance companies offer specific coverage options for realtors
- In some instances, real estate agents may qualify for auto insurance discounts
#1 – State Farm: Top Pick Overall
Pros
- Multi-policy discounts: State Farm provides discounted rates for real estate agents who bundle their auto and home insurance policies, which you can learn more about in our State Farm auto insurance review.
- Drive Safe & Save program: Real estate agents can benefit from lower premiums by participating in State Farm’s Drive Safe & Save program, rewarding safe driving habits.
- Excellent customer service reputation: State Farm is renowned for its exceptional customer service, ensuring real estate agents have reliable support.
Cons
- Higher rates for certain drivers: Some real estate agents may find that State Farm’s rates are relatively higher, depending on individual factors.
- Limited online quote options: State Farm’s online quoting system may have limitations, potentially requiring more traditional methods for obtaining quotes.
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#2 – Geico: Runner Up
Pros
- Competitive rates: Geico offers real estate agents competitive rates, ensuring affordability for those seeking minimum coverage.
- Multi-policy and multi-car discounts: Real estate agents can capitalize on Geico’s discounts by bundling multiple policies or insuring multiple vehicles. You can learn more about Geico’s discounts in our Geico auto insurance review.
- Easy-to-use online platform: Geico’s user-friendly online platform makes it convenient for real estate agents to manage their policies and obtain information.
Cons
- Limited local agents for in-person assistance: Geico may have fewer local agents available, potentially limiting in-person assistance for real estate agents.
- May not offer as many specialized coverages: Some real estate agents with specific coverage needs might find that Geico’s offerings are less comprehensive than other providers.
#3 – Progressive: Best for Snapshot Program
Pros
- Snapshot program: Real estate agents can participate in Progressive’s Snapshot program, potentially leading to reduced premiums based on safe driving behavior. You can learn more about Progressive’s Snapshot program in our Progressive auto insurance review.
- Name Your Price Tool: With Progressive’s Name Your Price Tool, real estate agents can tailor their policies to fit within their budget.
- Variety of coverage options: Progressive offers a wide range of coverage options, allowing real estate agents to customize their policies.
Cons
- Rates may increase after an accident: Progressive’s rates may go up after an accident, impacting real estate agents who find themselves in such situations.
- Customer service reviews can vary: The quality of customer service from Progressive may vary, leading to different experiences for real estate agents depending on individual cases.
#4 – Allstate: Best for Drivewise Program
Pros
- Drivewise program: Real estate agents can benefit from Allstate’s Drivewise program, earning rewards for safe driving habits. You can learn more about Allstate’s Drivewise program in our Allstate auto insurance review.
- Accident Forgiveness option: With Allstate, real estate agents have the option to add Accident Forgiveness, protecting their rates after an accident. (Learn More: What is accident forgiveness?)
- Multiple discounts available: Allstate provides real estate agents with various discounts, increasing opportunities for cost savings.
Cons
- Higher premiums compared to some competitors: Some real estate agents may find that Allstate’s premiums are relatively higher than those of other insurance providers.
- Limited availability of local agents in some areas: Allstate may not have as many local agents available in certain regions, potentially limiting in-person support.
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#5 – Liberty Mutual: Great for Special Coverage Options
Pros
- Customizable coverage options: Liberty Mutual allows real estate agents to customize their coverage to meet their specific needs. You can read more in our Liberty Mutual auto insurance review.
- Deductible fund that decreases over time with safe driving: Real estate agents with Liberty Mutual may benefit from a deductible fund that decreases over time without accidents.
- Optional add-ons for business-related coverage: Liberty Mutual offers optional add-ons for business-related coverage, catering to the unique needs of real estate professionals.
Cons
- Rates can be higher than average: Some real estate agents may find that Liberty Mutual’s rates are higher compared to other insurance providers.
- Mixed customer service reviews: Customer service reviews for Liberty Mutual can be mixed, potentially leading to varying experiences for real estate agents.
#6 – USAA: Great for Military Members
Pros
- Low rates for military members and eligible family: USAA provides real estate agents who are military members or eligible family with low insurance rates.
- Top-rated customer service: USAA is known for its top-rated customer service, ensuring real estate agents receive excellent support.
- Comprehensive coverage options: USAA offers real estate agents a range of comprehensive coverage options, meeting their insurance needs. You can read more about USAA’s coverage options in our USAA auto insurance review.
Cons
- Limited eligibility: USAA is only available to military members and their families, excluding some real estate agents.
- Fewer physical locations for in-person assistance: USAA may have fewer physical locations, potentially limiting in-person assistance for real estate agents.
#7 – Nationwide: Best for SmartRide Program
Pros
- SmartRide program: Nationwide’s SmartRide program rewards real estate agents for safe driving, potentially leading to lower premiums. You can learn more about Nationwide’s SmartRide program in our Nationwide auto insurance review.
- Vanishing Deductible program: Real estate agents with Nationwide may benefit from the Vanishing Deductible program for remaining accident-free.
- Multi-policy discounts: Nationwide offers multi-policy discounts, allowing real estate agents to save when bundling multiple insurance policies.
Cons
- Rates may be higher for certain individuals: Some real estate agents may find that Nationwide’s rates are higher based on individual factors.
- Limited local agents in some areas: Nationwide may have limited availability of local agents in certain regions, potentially affecting in-person support.
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#8 – Farmers: Best for Various Discounts
Pros
- Professional group discount for certain associations: Farmers provides a professional group discount for certain associations, offering real estate agents potential cost savings.
- Diverse coverage options: Farmers Insurance offers real estate agents a range of coverage options, allowing for customization. Learn more about Farmers’ coverage options in our Farmers auto insurance review.
- Personalized service from local agents: Real estate agents with Farmers can benefit from personalized service and support from local agents.
Cons
- Rates may be higher for certain individuals: Farmers’ rates may be higher for certain individuals, depending on various factors.
- Limited online quote options: Farmers may have limited online quote options, potentially requiring more traditional methods for obtaining quotes.
Real Estate Agent Auto Insurance Requirements
Real estate agents must carry auto insurance that meets their state’s standards. Since each state in the U.S. has different real estate agent insurance requirements for liability auto insurance, location is one of the many factors that affect auto insurance rates.
Read More: Minimum Auto Insurance Requirements by State
The table below shows the minimum auto insurance requirement in each state:
States Coverages Limits
Alabama Bodily injury and property damage liability 25/50/25
Alaska Bodily injury and property damage liability 50/100/25
Arizona Bodily injury and property damage liability 15/30/10
Arkansas Bodily injury and property damage liability; personal injury protection 25/50/25
California Bodily injury and property damage liability 15/30/5
Colorado Bodily injury and property damage liability 25/50/15
Connecticut Bodily injury and property damage liability; uninsured/underinsured motorist protection 25/50/20
Delaware Bodily injury and property damage liability; personal injury protection 25/50/10
Washington, D.C. Bodily injury and property damage liability; uninsured/underinsured motorist protection 25/50/10
Florida Property damage liability and personal injury protection 10/20/10
Georgia Bodily injury and property damage liability 25/50/25
Hawaii Bodily injury and property damage liability; personal injury protection 20/40/10
Idaho Bodily injury and property damage liability 25/50/15
Illinois Bodily injury and property damage liability; uninsured/underinsured motorist protection 25/50/20
Indiana Bodily injury and property damage liability 25/50/25
Iowa Bodily injury and property damage liability 20/40/15
Kansas Bodily injury and property damage liability; personal injury protection 25/50/25
Kentucky Bodily injury and property damage liability; personal injury protection; uninsured/underinsured motorist protection 25/50/25
Louisiana Bodily injury and property damage liability 15/30/25
Maine Bodily injury and property damage liability; uninsured/underinsured motorist coverage; medical payments 50/100/25
Maryland Bodily injury and property damage liability; personal injury protection; uninsured/underinsured motorist coverage 30/60/15
Massachusetts Bodily injury and property damage liability; personal injury protection 20/40/5
Michigan Bodily injury and property damage liability; personal injury protection 20/40/10
Minnesota Bodily injury and property damage liability; personal injury protection; uninsured/underinsured motorist coverage 30/60/10
Mississippi Bodily injury and property damage liability 25/50/25
Missouri Bodily injury and property damage liability; uninsured/underinsured motorist coverage 25/50/25
Montana Bodily injury and property damage liability 25/50/20
Nebraska Bodily injury and property damage liability; uninsured/underinsured motorist coverage 25/50/25
Nevada Bodily injury and property damage liability 25/50/20
New Hampshire Financial responsibility only 25/50/25
New Jersey Bodily injury and property damage liability; personal injury protection; uninsured/underinsured motorist coverage 15/30/5
New Mexico Bodily injury and property damage liability 25/50/10
New York Bodily injury and property damage liability; personal injury protection; uninsured/underinsured motorist coverage 25/50/10
North Carolina Bodily injury and property damage liability; uninsured/underinsured motorist coverage 30/60/25
North Dakota Bodily injury and property damage liability; personal injury protection; uninsured/underinsured motorist coverage 25/50/25
Ohio Bodily injury and property damage liability 25/50/25
Oklahoma Bodily injury and property damage liability 25/50/25
Oregon Bodily injury and property damage liability; personal injury protection; uninsured/underinsured motorist coverage 25/50/20
Pennsylvania Bodily injury and property damage liability; personal injury protection 15/30/5
Rhode Island Bodily injury and property damage liability 25/50/25
South Carolina Bodily injury and property damage liability; uninsured/underinsured motorist coverage 25/50/25
South Dakota Bodily injury and property damage liability; uninsured/underinsured motorist coverage 25/50/25
Tennessee Bodily injury and property damage liability 25/50/15
Texas Bodily injury and property damage liability; personal injury protection 30/60/25
Utah Bodily injury and property damage liability; personal injury protection 25/65/15
Vermont Bodily injury and property damage liability; uninsured/underinsured motorist coverage 25/50/10
Virginia Bodily injury and property damage liability; uninsured/underinsured motorist coverage 25/50/20
Washington Bodily injury and property damage liability 25/50/10
West Virginia Bodily injury and property damage liability; uninsured/underinsured motorist coverage 25/50/25
Wisconsin Bodily injury and property damage liability; uninsured/underinsured motorist coverage; medical payments 25/50/10
Wyoming Bodily injury and property damage liability 25/50/20
As you can see, while each state has requirements for bodily injury liability and property damage coverage, some states require drivers to carry additional insurance for personal injury protection (PIP) auto insurance, medical payments, and uninsured or underinsured motorist coverage.
Real Estate Agent Auto Insurance Cost
Rates for adding a real estate broker to auto insurance vary depending on several factors. Some of the most common factors that impact real estate agent insurance cost include:
- Age
- Gender
- ZIP code
- Car make and model
- Marital status
- Driving history
- Credit score
- Coverage types
Real estate professionals should carefully evaluate these factors and consult with insurance providers to tailor a policy that not only meets legal requirements but also aligns with their unique circumstances and risk profile.
While having one of the best cars for realtors — like a Honda Civic — can help you save on car insurance coverage, the coverage type you carry will likely impact your rates more than anything else.Daniel Walker Licensed Auto Insurance Agent
Additionally, insurance providers may offer discounts for safety features installed in the agent’s car, completion of defensive driving courses, or bundling auto insurance with other policies.
The table below outlines the minimum monthly rates applicable to real estate agents:
The following table shows the difference in auto insurance rates between liability insurance for real estate agents and full coverage:
State Minimum Coverage Full Coverage
Alabama $33 $72
Alaska $45 $86
Arizona $42 $81
Arkansas $33 $76
California $41 $82
Colorado $43 $82
Connecticut $54 $96
Delaware $67 $103
District of Columbia $52 $111
Florida $71 $105
Georgia $46 $87
Hawaii $38 $73
Idaho $29 $57
Illinois $37 $74
Indiana $32 $63
Iowa $25 $59
Kansas $30 $72
Kentucky $44 $78
Louisiana $65 $117
Maine $28 $59
Maryland $51 $93
Massachusetts $51 $94
Michigan $66 $114
Minnesota $38 $73
Mississippi $38 $83
Missouri $35 $73
Montana $32 $72
Nebraska $30 $69
Nevada $57 $92
New Hampshire $33 $68
New Jersey $72 $115
New Mexico $41 $78
New York $67 $113
North Carolina $30 $66
North Dakota $25 $64
Ohio $33 $66
Oklahoma $38 $84
Oregon $49 $75
Pennsylvania $42 $81
Rhode Island $63 $109
South Carolina $44 $81
South Dakota $25 $64
Tennessee $34 $73
Texas $44 $92
Utah $41 $73
Vermont $29 $64
Virginia $35 $70
Washington $50 $81
West Virginia $41 $85
Wisconsin $31 $61
Wyoming $27 $71
National Average $45 $84
Since full coverage can cost several hundred dollars more than a real estate liability insurance policy, it’s essential to shop around and see who can offer you the best deal on coverage.
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Real Estate Agents and Commercial Auto Insurance
While there isn’t realtor insurance for vehicles, many realtors rely on commercial auto insurance policies to protect them from liabilities associated with car accidents while on the job.
Your personal car insurance policy may not cover you if you’re in an accident while driving for work. If that’s the case, you’ll need a commercial car insurance policy. Read more about the best commercial auto insurance companies for realtors.
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— AutoInsurance.org (@AutoInsurance) August 7, 2023
Commercial car insurance offers high liability coverage levels and legal protection, but a commercial policy can be costly. So if you need commercial car insurance for real estate agents, you’ll want to shop around to compare competitive rates.
Auto Insurance Discounts for Real Estate Agents
There are plenty of discounts available for real estate agents, depending on the car insurance company you’re considering. However, if you want a discount specifically for being a realtor, you’ll have to research companies in your area that offer savings for realtors.
Insurance Company Available Discounts
State Farm Multiple Line Discount, Business Owner Discount
Geico Professional Association Discount, Multi-Policy Discount
Progressive Business Experience Discount, Multi-Policy Discount
Allstate Business Insurance Discount, New Business Discount
Liberty Mutual Business Owner's Policy Discount, Newly Licensed Discount
USAA Professional Certification Discount, Member Discounts
Nationwide Business Experience Discount, Affinity Group Discount
Farmers Business and Professional Group Discount, Multi-Policy Discount
If you find a company you like, call and speak to a representative to see what auto insurance discounts the company offers and learn how to save money by bundling insurance policies.
Getting Cheap Auto Insurance Coverage for Realtors
If you’re a realtor, you need car insurance and should consider carrying more than your state minimum auto insurance requirements. While additional coverage — like a full or commercial insurance policy — can be more expensive, shopping around and comparing rates can help you save on car insurance for real estate agents.
The best auto insurance companies offer discounts and other ways to save for real estate agents. Do some research to see which companies provide the types of auto insurance coverage you need at a price that works with your budget.
Enter your ZIP code below to get started on comparing quotes from the top providers.
Frequently Asked Questions
Why do real estate agents need auto insurance?
Real estate agents often use their personal vehicles to meet clients, show properties, attend meetings, and run various errands related to their profession. Car insurance for real estate agents provides coverage after accidents, property damage, or injuries that occur while using their vehicles for business purposes.
Do real estate agents need commercial auto insurance?
Personal auto insurance may not provide sufficient coverage for real estate agents when they use their vehicles for business purposes. We recommend agents to consider a commercial auto insurance policy or a business use endorsement to ensure adequate coverage for their professional activities.
What does commercial auto insurance cover?
Commercial auto insurance for realtors usually includes bodily injury liability (BIL) auto insurance, property damage liability, collision coverage, comprehensive coverage, medical payments, and uninsured motorist (UM) coverage.
What is a business use endorsement?
A business use endorsement, also known as a business use classification, is an add-on that extends coverage for business-related activities. It provides coverage for occasional business use of a personal vehicle but may have limitations and may not offer the same level of protection as a full commercial auto insurance policy.
Are there any specific considerations for real estate agents’ auto insurance?
Real estate agents should consider the mileage they drive for business purposes, whether they transport clients, if they use their vehicles for advertising purposes (e.g., vehicle wraps), and if they have any equipment or tools permanently installed in their vehicles. These factors impact realtor insurance rates and the coverage types you need.
Can I add my real estate brokerage as an additional insured on my auto insurance policy?
Some insurers may allow adding a real estate broker to auto insurance as an additional insured, giving them limited coverage after an accident while you conduct business for them. However, this may vary depending on the insurance provider, so it’s important to check with your company.
Are there any pros to having commercial auto insurance as a real estate agent?
Some pros of having commercial auto insurance include broader coverage for business activities, higher liability limits, coverage for rental or borrowed vehicles, coverage for equipment or tools permanently installed in your vehicle, and potential tax benefits associated with business-related insurance expenses.
Which companies offer the best auto insurance for real estate agents?
State Farm, Geico, and Progressive offer the best auto insurance for real estate agents.
What is the average monthly rate for auto insurance for real estate agents?
The average monthly rate for auto insurance for real estate agents is $92.
What is the monthly auto insurance rate provided by State Farm for real estate agents?
State Farm offers $86 per month for auto insurance.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Kristen Gryglik
Licensed Insurance Agent
Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
