Auto Insurance for Real Estate Agents (How to Save)

If you’re in the market for auto insurance for real estate agents, you may want to consider buying more coverage than state minimum require, especially because of the many discounts available to you.

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Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

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Written by Rachel Bodine
Feature Writer Rachel Bodine

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that ex...

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent Daniel Walker

UPDATED: Jun 17, 2022

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Things to Remember

  • Real estate agents should consider carrying more than their state’s minimum liability requirements for auto insurance coverage
  • Certain insurance companies offer specific coverage options for realtors
  • In some instances, real estate agents may be eligible for discounts on auto insurance coverage

Real estate agents frequently drive for work. From listings to showings to final closings, realtors are responsible for traveling to countless locations to help their clients and keep up with their work.

Due to specific car insurance laws, real estate agents must carry at least their state’s minimum liability coverage. However, realtors, or anyone who drives a lot for work, should consider additional coverage to ensure they have protection in case of an accident.

Do real estate agents need car insurance?

Real estate agents must carry car insurance that meets their state’s standards. Since each state in the U.S. has different requirements for liability insurance, your location depends on how much insurance you need as a realtor.

The table below shows the minimum auto insurance requirement in each state.

Minimum Auto Insurance Liability Requirements by State
StatesCoverage TypesCoverage Limits
AlabamaBodily injury and property damage liability25/50/25
AlaskaBodily injury and property damage liability50/100/25
ArizonaBodily injury and property damage liability15/30/10
ArkansasBodily injury and property damage liability; personal injury protection25/50/25
CaliforniaBodily injury and property damage liability15/30/5
ColoradoBodily injury and property damage liability25/50/15
ConnecticutBodily injury and property damage liability; uninsured/underinsured motorist protection25/50/20
DelawareBodily injury and property damage liability; personal injury protection25/50/10
Washington, D.C.Bodily injury and property damage liability; uninsured/underinsured motorist protection25/50/10
FloridaProperty damage liability and personal injury protection10/20/10
GeorgiaBodily injury and property damage liability25/50/25
HawaiiBodily injury and property damage liability; personal injury protection20/40/10
IdahoBodily injury and property damage liability25/50/15
IllinoisBodily injury and property damage liability; uninsured/underinsured motorist protection25/50/20
IndianaBodily injury and property damage liability25/50/25
IowaBodily injury and property damage liability20/40/15
KansasBodily injury and property damage liability; personal injury protection25/50/25
KentuckyBodily injury and property damage liability; personal injury protection; uninsured/underinsured motorist protection25/50/25
LouisianaBodily injury and property damage liability15/30/25
MaineBodily injury and property damage liability; uninsured/underinsured motorist coverage; medical payments50/100/25
MarylandBodily injury and property damage liability; personal injury protection; uninsured/underinsured motorist coverage30/60/15
MassachusettsBodily injury and property damage liability; personal injury protection20/40/5
MichiganBodily injury and property damage liability; personal injury protection20/40/10
MinnesotaBodily injury and property damage liability; personal injury protection; uninsured/underinsured motorist coverage30/60/10
MississippiBodily injury and property damage liability25/50/25
MissouriBodily injury and property damage liability; uninsured/underinsured motorist coverage25/50/25
MontanaBodily injury and property damage liability25/50/20
NebraskaBodily injury and property damage liability; uninsured/underinsured motorist coverage25/50/25
NevadaBodily injury and property damage liability25/50/20
New HampshireFinancial responsibility only25/50/25
New JerseyBodily injury and property damage liability; personal injury protection; uninsured/underinsured motorist coverage15/30/5
New MexicoBodily injury and property damage liability25/50/10
New YorkBodily injury and property damage liability; personal injury protection; uninsured/underinsured motorist coverage25/50/10
North CarolinaBodily injury and property damage liability; uninsured/underinsured motorist coverage30/60/25
North DakotaBodily injury and property damage liability; personal injury protection; uninsured/underinsured motorist coverage25/50/25
OhioBodily injury and property damage liability25/50/25
OklahomaBodily injury and property damage liability25/50/25
OregonBodily injury and property damage liability; personal injury protection; uninsured/underinsured motorist coverage25/50/20
PennsylvaniaBodily injury and property damage liability; personal injury protection15/30/5
Rhode IslandBodily injury and property damage liability25/50/25
South CarolinaBodily injury and property damage liability; uninsured/underinsured motorist coverage25/50/25
South DakotaBodily injury and property damage liability; uninsured/underinsured motorist coverage25/50/25
TennesseeBodily injury and property damage liability25/50/15
TexasBodily injury and property damage liability; personal injury protection30/60/25
UtahBodily injury and property damage liability; personal injury protection25/65/15
VermontBodily injury and property damage liability; uninsured/underinsured motorist coverage25/50/10
VirginiaBodily injury and property damage liability; uninsured/underinsured motorist coverage25/50/20
WashingtonBodily injury and property damage liability25/50/10
West VirginiaBodily injury and property damage liability; uninsured/underinsured motorist coverage25/50/25
WisconsinBodily injury and property damage liability; uninsured/underinsured motorist coverage; medical payments25/50/10
WyomingBodily injury and property damage liability25/50/20

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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, medical payments, and uninsured or underinsured motorist coverage.

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How much is auto insurance for real estate agents?

Car insurance rates for real estate agents vary depending on several factors. Some of the most common factors that impact a person’s car insurance rates include:

  • Age
  • Gender
  • ZIP Code
  • Car make and model
  • Marital status
  • Driving history
  • Credit score
  • Coverage types

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. 

The following table shows the difference in auto insurance rates between a liability insurance policy and a full coverage policy.

Average Annual Liability and Full Coverage Auto Insurance Rates by State
StatesAverage Annual
Liability Auto Insurance Rates
Average Annual Full Coverage Auto Insurance Rates
Alabama$394.21$868.48
Alaska$539.68$1,027.75
Arizona$508.76$972.85
Arkansas$394.13$906.34
California$489.66$986.75
Colorado$520.04$981.64
Connecticut$650.94$1,151.07
Delaware$799.30$1,240.57
District of Columbia$628.82$1,330.73
Florida$857.64$1,257.13
Georgia$557.38$1,048.40
Hawaii$458.54$873.28
Idaho$344.29$679.89
Illinois$446.72$884.56
Indiana$382.68$755.03
Iowa$299.18$702.46
Kansas$358.24$862.93
Kentucky$529.21$938.51
Louisiana$775.83$1,405.36
Maine$338.87$703.82
Maryland$609.74$1,116.45
Massachusetts$606.04$1,129.29
Michigan$795.32$1,364
Minnesota$456.82$875.49
Mississippi$460.50$994.05
Missouri$415.88$872.43
Montana$386.29$863.52
Nebraska$364.64$831.02
Nevada$681.56$1,103.05
New Hampshire$400.56$818.75
New Jersey$869.57$1,382.79
New Mexico$488.03$937.59
New York$804.51$1,360.66
North Carolina$359.42$789.09
North Dakota$298.18$773.30
Ohio$397.11$788.56
Oklahoma$461.01$1,005.32
Oregon$584.13$904.83
Pennsylvania$499.06$970.51
Rhode Island$759.80$1,303.50
South Carolina$527.09$973.10
South Dakota$300.22$766.91
Tennessee$413.91$871.43
Texas$528.75$1,109.66
Utah$497.53$872.93
Vermont$343.12$764.02
Virginia$425.61$842.67
Washington$596.67$968.80
West Virginia$491.83$1,025.78
Wisconsin$374.37$737.18
Wyoming$321.04$847.44
National Average$538.73$1,009.38
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Since full coverage can cost several hundred dollars more than a liability insurance policy, it’s essential to shop around and see who can offer you the best deal on coverage.

Who offers the best insurance for a real estate agent?

You’ll need to shop online to determine which company offers the coverage you want at a price that works with your budget. Some companies are known for providing competitive rates to realtors. The most common auto insurance companies that real estate agents use include:

  • GEICO
  • Nationwide
  • Travelers
  • USAA
  • Auto-Owners 
  • State Farm
  • Allstate
  • Erie

Some of the companies listed above offer discounts specifically for realtors. For example, SafePilot offers USAA real estate agent discounts that can save them up to 20% off their auto insurance policies.

Other companies offer specialized commercial coverage that protects full and part-time real estate agents in the event of an accident.

Do realtors need commercial auto insurance?

While there isn’t real estate agent 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 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.

Commercial car insurance offers high liability coverage levels and legal protection, but a commercial policy can be costly. So if you’re looking for commercial coverage, you’ll want to shop around to compare competitive rates rather than take the first policy you find.

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Are there discounts on real estate agent insurance coverage?

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.

Companies offer various discount options, such as:

  • Multi-policy
  • Multi-car
  • Vehicle safety
  • New car
  • Anti-theft devices
  • Defensive driver
  • Good driver
  • Good student
  • Paperless
  • Occupation

If you find a company you like, call and speak to a representative to see what auto insurance discounts the company offers. 

Auto Insurance for Real Estate Agents: The Bottom Line

If you’re a realtor, you need car insurance and should consider carrying more than your state’s minimum liability limits. While additional coverage — like a full or commercial insurance policy — can be more expensive, shopping around and comparing rates can help you save on coverage.

Some companies offer discounts and other ways to save for real estate agents. Do some research to see which companies provide the kind of coverage you need at a price that works with your budget.

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Enter your ZIP code below to view companies that have cheap auto insurance rates.

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