This would be a quick read if we could tell you the one auto insurance company that has the rock bottom lowest rates in Colorado. It’s not that simple, unfortunately, as there are a ton of unknowns like your credit score, if you have points on your license, the vehicle you drive, and if you have ever let your policy lapse, that all factor into the price you pay. In this article, we will cover the types of situations that result in high rates and will give you a good start to your coverage search.
The vehicle that needs insurance is probably the biggest factor that determines if you can find affordable insurance for real estate agents. Vehicles with reasonable performance levels, good safety features, or a track record of few liability claims will cost much less to insure than adrenaline junky models.
The data below showcases auto insurance costs for a selection of the most budget-friendly automobiles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX 4-Dr Sedan | $1,343 |
| Honda CR-V EX-L 4WD | $1,374 |
| Volkswagen Jetta S 2.5 Station Wagon | $1,460 |
| Ford Escape Limited 4WD | $1,467 |
| Toyota Prius | $1,489 |
| Chevrolet Impala LS | $1,562 |
| Ford Focus S 4-Dr Sedan | $1,572 |
| Chevrolet Silverado LS Extended Cab 4WD | $1,594 |
| Ford Explorer Limited 2WD | $1,622 |
| Hyundai Elantra GLS 4-Dr Sedan | $1,680 |
| Nissan Altima 2.5 S 4-Dr Sedan | $1,685 |
| Ford Edge Sport 2WD | $1,680 |
| Toyota Camry SE | $1,686 |
| Ford F-150 XL Crew Cab 2WD | $1,711 |
| Chevrolet Silverado 3500HD LT Crew Cab 2WD | $1,740 |
| Toyota RAV4 Sport 4WD | $1,743 |
| Ford F-350 XLT Crew Cab Lariat 2WD | $1,769 |
| Dodge Grand Caravan Crew | $1,777 |
| Chevrolet Malibu LS | $1,795 |
| Toyota Tacoma Double Cab 4WD | $1,802 |
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Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Premium costs do not factor in Aurora, CO location which can revise coverage prices substantially.
Based upon these rates, you can infer that makes and models like the Honda Accord, Honda CR-V, Volkswagen Jetta, and Ford Escape are going to be a few of the most budget-friendly vehicles to insure for realtors.
Deciphering which insurers offer the lowest-priced auto insurance rates for real estate agents may require a little more work in order to find coverage that fits your budget. Each auto insurer has their own formula for determining rates in each state, so we’ll go over the auto insurance companies that tend to be cheaper in Colorado.
Cheap Insurance Rates for Realtors
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $859 |
| 2 | Grange | $987 |
| 3 | USAA | $1,029 |
| 4 | Nationwide | $1,143 |
| 5 | GEICO | $1,152 |
| 6 | Auto-Owners | $1,168 |
| 7 | Travelers | $1,183 |
| 8 | State Farm | $1,259 |
| 9 | American Family | $1,275 |
| 10 | Amica | $1,353 |
| 11 | Progressive | $1,362 |
| 12 | Allied | $1,483 |
| 13 | California Casualty | $1,488 |
| 14 | Farmers | $1,565 |
| 15 | Colorado Farm Bureau | $1,592 |
| 16 | MetLife | $1,885 |
| 17 | Allstate | $2,015 |
| 18 | Encompass | $2,187 |
| 19 | Safeco | $2,472 |
| 20 | Titan | $2,711 |
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The Hartford quotes some of the cheapest car insurance rates in Aurora at around $859 each year. This is $719 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO are also some of the most economical Aurora, CO insurance companies.
In the above example, if you are a policyholder with GEICO and switched to Grange, you may realize savings of in the vicinity of $165. Insureds with Auto-Owners may save as much as $181 a year, and Travelers policyholders might reduce prices by as much as $196 a year.
To get a fast rate comparison, click here or visit any of the low-priced companies below.
It’s important to note that these premium estimates are averages across all drivers and vehicles in Colorado and and are not figured with a specific location for real estate agents. So the insurer that can offer you the lowest price may not even be in the list above. That’s why you need to get rate quotes using your own driver data and vehicle information.
Full coverage rates compared to liability-only
Buying cheaper auto insurance is important to most people, and one of the best ways to buy cheaper insurance for real estate agents is to only buy liability coverage. The illustration below illustrates the difference between premium costs when comparing full coverage to liability only. The premiums assume a clean driving record, no claims, $1,000 deductibles, drivers are single, and no additional discounts are factored in.
If averaged out across all ages, physical damage insurance costs $1,967 per year over and above liability only. Many people question when is the right time to remove full coverage. There is no definitive guideline that works best for making the decision to drop comp and collision coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is about 10% or more of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.
For example, let’s pretend your vehicle’s settlement value is $8,500 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $7,500 after the deductible is paid. If premiums are more than $750 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.
There are some situations where only buying liability is not a good plan. If you have an outstanding loan on your vehicle, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should keep full coverage on your policy.
Drive safe and save
The best way to get the cheapest auto insurance prices in Colorado for realtors is to be a careful driver and avoid traffic citations and accidents. The example below highlights how traffic violations and at-fault accidents influence insurance prices for each age group. Data assumes a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.
The data above shows the average cost of auto insurance in Aurora per year with no accidents or violations is $1,552. Factor in two speeding tickets and the average cost swells to $2,212, an increase of $660 each year. Now get two accidents along with the two speeding tickets and the 12-month cost of auto insurance for real estate agents jumps again to an average of $4,547. That’s an increase of $2,995, or $250 per month, just for not being attentive to the road!
How to find the cheapest auto insurance for real estate agents
Here are many penny-pinching suggestions that can help Aurora drivers get low-cost coverage.
- Increase your credit score
- Full coverage may not be needed on older vehicles
- Buying car and homeowners insurance together can save money
- Do not file small claims
- Higher deductibles mean lower rates
- Get cheaper liability coverage by choosing a safer vehicle
- Compare rate quotes often
That last tip is especially crucial, as we emphasized in the prior article. Insurance prices vary considerably, so drivers shouldn’t be reluctant to buy a different policy if you find a better deal.
Staying with the same car insurance company is fine, but it’s not a good idea if that dedication is costing lots of money. In just a couple of minutes you could shop around to find cheaper car insurance for real estate agents in Aurora.
If you like to have the advice of a professional agent when buying car insurance for real estate agents, the agents below are willing to aid you in deciding which policy fits your needs best. To find an Aurora insurance agency in your neighborhood, click the button at the bottom or click here to compare prices now.
- American Family Insurance – Steve Sellers Agency Inc.
15200 E Girard Ave Ste 4025 – Aurora, CO 80014 – (303) 696-2698 - Allstate Insurance: Jack Sughrue
2226 S Fraser St Unit 4 – Aurora, CO 80014 – (303) 751-4701 - American Family Insurance – Daniel Kane
1730 S Abilene St # I-201 – Aurora, CO 80012 – (303) 873-1277