The type of vehicle you are buying coverage for is one of the biggest factors when comparing quotes for the most affordable coverage for real estate agents. Vehicles with average performance, good crash test ratings, or a low likelihood of liability claims will cost significantly less to insure than adrenaline junky models.
The information below ranks coverage premiums for some of the more affordable automobiles to insure in Ohio.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $993 |
| Ford Escape Limited 4WD | $1,080 |
| Toyota Prius | $1,102 |
| Chevrolet Equinox LT AWD | $1,175 |
| Chevrolet Silverado LT Extended Cab 4WD | $1,180 |
| Chevrolet Impala LT | $1,175 |
| Toyota RAV4 Sport 2WD | $1,180 |
| Hyundai Elantra SE Touring Station Wagon | $1,175 |
| Ford F-150 XLT Crew Cab 4WD | $1,197 |
| Dodge Grand Caravan SXT | $1,205 |
| Honda Accord EX-L 4-Dr Sedan | $1,214 |
| Honda Civic DX 4-Dr Sedan | $1,251 |
| Ford Focus S 4-Dr Sedan | $1,258 |
| Toyota Camry LE | $1,277 |
| Chevrolet Silverado 3500HD LT Crew Cab 2WD | $1,282 |
| Ford Edge SE AWD | $1,285 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $1,292 |
| Chevrolet Malibu LT | $1,307 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $1,315 |
| Ford Explorer Limited 2WD | $1,307 |
| Jeep Grand Cherokee Laredo 4WD | $1,314 |
| Nissan Altima 2.5 4-Dr Sedan | $1,324 |
| GMC Sierra SLT Crew Cab 4WD | $1,343 |
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Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Rate information does not factor in your specific Cincinnati, OH location which can influence rates noticeably.
Based on these rates, makes and models like the Honda CR-V, Ford Escape, Toyota Prius, and Chevrolet Equinox will definitely be the cheapest vehicles to insure for realtors.
For realtors, one of the big criteria that aid in calculating the price you pay for insurance is your zip code in Cincinnati. Cities with more crime and/or more people are more likely to pay higher prices, whereas areas with lower vehicle theft rates and fewer weather claims benefit from lower prices.
The information below ranks the highest-priced places in Ohio for real estate agents in which to buy car insurance. Cincinnati is listed at #5 with an annual rate of $1,210 for the average policyholder, which is around $101 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Toledo | $1,279 |
| 2 | Youngstown | $1,273 |
| 3 | Cleveland | $1,272 |
| 4 | Columbus | $1,247 |
| 5 | Cincinnati | $1,210 |
| 6 | Cleveland Heights | $1,166 |
| 7 | Euclid | $1,164 |
| 8 | Akron | $1,157 |
| 9 | Dayton | $1,108 |
| 10 | Springfield | $1,105 |
| 11 | Hamilton | $1,102 |
| 12 | Canton | $1,091 |
| 13 | Newark | $1,085 |
| 14 | Lakewood | $1,073 |
| 15 | Fairfield | $1,053 |
| 16 | Kettering | $1,051 |
| 17 | Beavercreek | $1,027 |
| 18 | Middletown | $1,024 |
| 19 | Lorain | $1,015 |
| 20 | Strongsville | $1,011 |
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Information shown are estimated as vehicle location can change premium rates significantly.
Get discount Cincinnati auto insurance rates
Auto insurance companies that sell policies for real estate agents may also provide price discounts that could potentially reduce rates by as much as 35% or more if you can meet the requirements. A few popular companies and a partial list of their discounts are detailed below.
- State Farm discounts include Steer Clear safe driver discount, accident-free, safe vehicle, good student, defensive driving training, and passive restraint.
- GEICO includes discounts for emergency military deployment, membership and employees, multi-vehicle, federal employee, anti-theft, and daytime running lights.
- SAFECO has discounts for teen safe driver, bundle discounts, accident prevention training, multi-car, anti-theft, drive less, and anti-lock brakes.
- Farmers Insurance may include discounts for business and professional, pay in full, youthful driver, multi-car, and distant student.
- AAA policyholders can earn discounts including good driver, multi-car, AAA membership discount, good student, and pay-in-full.
- USAA offers premium reductions for good student, military installation, annual mileage, vehicle storage, and family discount.
The illustration below compares insurance premiums with and without discounts applied to the policy premium. The premiums assume a female driver, no tickets, no at-fault accidents, Ohio state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with anti-theft, safe-driver, passive restraint, multiple vehicle, claim-free, and homeowner discounts applied. When taking advantage of discounts, theaverage amount saved on auto insurance for real estate agents is 27% or $340.
Safe drivers pay less for auto insurance
In a perfect world, the best way to maintain low auto insurance prices in Cincinnati for realtors is to pay attention while driving and avoid accidents and violations. The chart below highlights how speeding tickets and fender-benders can raise insurance costs for different ages of insureds. The rate quotes are based on a single male driver, full coverage, $1,000 deductibles, and no discounts are taken into consideration.
The data above shows the average cost of an auto insurance policy in Cincinnati per year with no accidents or violations is $961. Factor in one speeding ticket and the average cost hikes up to $1,085, an increase of $124 each year. Now add one accident along with the one speeding ticket and the annual cost of auto insurance for real estate agents increases to an average of $1,422. That’s an increase of $461, or $38 per month, just for being a less-than-perfect driver!
Cost comparison with and without full coverage
Saving money on auto insurance is important to the majority of vehicle owners, and an effective way to reduce the cost of insurance for real estate agents is to buy only liability coverage. The illustration below shows the comparison of car insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Ohio. The costs are based on a clean driving record, no at-fault accidents, $250 deductibles, drivers are not married, and no discounts are applied to the premium.
Averaged for all age groups, comprehensive and collision coverage on your policy costs $1,629 per year more than just buying liability only. Lot’s of drivers question when is it safe to stop buying full coverage. There is no set guideline to stop buying comp and collision coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is about 10% or more of replacement cost minus your deductible, then you may need to consider dropping full coverage.