What Insurance is Cheapest for Real Estate Agents in Cincinnati?

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.

Cheapest Vehicles to Insure in Cincinnati, OH
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.

How much does auto insurance cost in Cincinnati?
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

Cheaper Cincinnati, OH auto insurance for realtorsAuto 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.

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.