The type of vehicle requiring insurance is one of the primary factors when consumers are trying to find low-cost car insurance for real estate agents. Vehicles with limited top-end speed, modern passenger safety features, or a low likelihood of liability claims will cost substantially less to insure than high performance models. The data below presents auto insurance premiums for a selection of the most cost-effective automobiles to buy insurance for.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $768 |
| Toyota Prius | $781 |
| Ford Escape XLS 2WD | $787 |
| Honda CR-V EX-L 2WD | $809 |
| Ford Edge SE AWD | $815 |
| Chevrolet Equinox LT AWD | $832 |
| Toyota Camry LE | $841 |
| Toyota RAV4 4WD | $832 |
| Honda Accord EX-L 4-Dr Sedan | $834 |
| Ford Explorer Eddie Bauer 2WD | $858 |
| Toyota Corolla S | $875 |
| Jeep Grand Cherokee SRT-8 4WD | $891 |
| Chevrolet Impala LS | $908 |
| Ford Focus S 4-Dr Sedan | $914 |
| Chevrolet Silverado 3500HD LT Crew Cab 2WD | $908 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $926 |
| Dodge Grand Caravan Crew | $936 |
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Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Rate quotes do not factor in vehicle garaging location which can influence rates significantly.
Looking at the data, we can expect models like the Hyundai Elantra, Toyota Prius, Ford Escape, and Honda CR-V will definitely be some of the less-costly vehicles to insure for realtors.
For realtors, one of the largest considerations that help determine the price you pay for insurance is where you choose to live in Chula Vista. Cities with larger populations tend to have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates have the benefit of cheaper auto insurance prices.
The next table shows the most expensive areas in California for real estate agents to purchase a policy in. Chula Vista comes in at #25 costing $1,311 for the average policyholder, which is approximately $109 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Los Angeles | $2,146 |
| 2 | Glendale | $2,142 |
| 3 | Oakland | $1,738 |
| 4 | San Francisco | $1,711 |
| 5 | Sacramento | $1,669 |
| 6 | San Bernardino | $1,628 |
| 7 | Long Beach | $1,626 |
| 8 | Stockton | $1,603 |
| 9 | Fontana | $1,535 |
| 10 | Santa Clarita | $1,533 |
| 11 | Modesto | $1,532 |
| 12 | Riverside | $1,527 |
| 13 | Garden Grove | $1,508 |
| 14 | Santa Ana | $1,497 |
| 15 | Moreno Valley | $1,491 |
| 16 | Anaheim | $1,474 |
| 17 | Fresno | $1,457 |
| 18 | Huntington Beach | $1,416 |
| 19 | Bakersfield | $1,394 |
| 20 | San Jose | $1,381 |
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Rate information is estimated as the specific Chula Vista residence address can alter price quotes greatly.
Ending up with the right insurer can be rather challenging considering how many choices drivers have in Chula Vista. The ranking information displayed below could help you decide which companies to look at when comparing insurance rates for real estate agents. The rankings below only include the largest companies in America, so companies that may only write in California are not taken into consideration for this list.
Top 10 Major Auto Insurance Companies in Chula Vista Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Mercury Insurance – A+
- Progressive – A+
- Titan Insurance – A+
Top 10 Major Auto Insurance Companies in Chula Vista Ranked by Value
- USAA
- American Family
- The Hartford
- AAA of Southern California
- Titan Insurance
- The General
- AAA Insurance
- State Farm
- Mercury Insurance
- Nationwide
Liability only or full coverage
Paying a lower price for insurance is important to the majority of drivers, and one way to find cheap insurance for real estate agents is to buy liability only. The diagram below shows the difference between insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums are based on a clean driving record, no at-fault accidents, $500 deductibles, drivers are not married, and no discounts are applied.
On average, physical damage insurance costs an additional $2,075 per year more than insuring for liability only. That touches on the question if physical damage coverage is worth the money. There is no set guideline for excluding physical damage coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is 10% or more of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.
For example, let’s say your vehicle’s replacement value is $10,500 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $9,500 after paying your policy deductible. If premiums are more than $950 a year for full coverage, then you might consider buying liability only.
Rate increases following a ticket or accident
In a perfect world, the ideal way to get low insurance prices for realtors is to be an attentive driver and have a clean driving record. The chart below demonstrates how traffic citations and at-fault collisions increase annual premium costs for each age group. The costs are based on a married female driver, full coverage, $100 deductibles, and no policy discounts are applied.
The data above shows the average cost of an auto insurance policy in California per year with a clean driving record and no accidents is $2,171. Get one speeding ticket and the average cost jumps to $2,522, an increase of $352 each year. Then include two accidents along with the one speeding ticket and the annual cost of insurance for real estate agents increases to an average of $5,399. That’s an increase of $3,228, or $269 per month, just for not being a responsible driver!