Who Has Cheap Oakland Car Insurance for Real Estate Agents?

The make and model of vehicle requiring coverage is a large factor when trying to find low-priced car insurance for real estate agents. Vehicles with lower acceleration and performance, an excellent safety record, or a low likelihood of having liability claims will cost significantly less to insure than high performance models. The next list illustrates insurance costs for some of the most affordable vehicles to buy coverage for.

Cheapest Vehicles to Insure in Oakland, CA
Vehicle Insured Estimated Cost for Full Coverage
Ford Escape XLS 4WD $1,441
Toyota Prius $1,459
Ford F-150 XLT Crew Cab 2WD $1,475
Honda CR-V EX 4WD $1,529
Ford Fusion S 4-Dr Sedan $1,558
Honda Accord EX-L 4-Dr Sedan $1,571
Jeep Wrangler Unlimited Sport 2WD 4-Dr $1,573
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $1,586
Honda Odyssey EX-L W/Navigation $1,643
GMC Sierra SLE Extended Cab 4WD $1,671
Chevrolet Impala LS $1,674
Ford Edge SEL 2WD $1,682
Dodge Ram Quad Cab SLT 2WD $1,700
Volkswagen Jetta S 4-Dr Sedan $1,708
Dodge Grand Caravan SXT $1,741
Ford Explorer Limited 2WD $1,746
Toyota RAV4 Limited 2WD $1,759
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Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Rate information does not factor in zip code location which can impact insurance rates considerably.

Based on these rates, you can infer that makes and models like the Ford Escape, Toyota Prius, Ford F-150, and Honda CR-V will be some of the cheapest vehicles to insure for realtors.

Finding reasonably-priced car insurance is hard enough, and finding out which company has the cheapest insurance rates for real estate agents takes even more diligence.

Every insurance company has a proprietary formula for determining rates in each state, so to begin we’ll rank the most budget-friendly insurance companies in Oakland. We do need to point out that California insurance rates are impacted by many things that may substantially change the price of coverage. Improving your credit rating, filing a claim, or getting a reckless driving citation may prompt premium changes that can cause some rates to be higher-priced than the competition.

Cheapest Insurance Rates for Realtors

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USAA has some of the best car insurance rates in Oakland at around $1,143 per year. This is $508 less than the average rate paid by California drivers of $1,651. Wawanesa, Nationwide, Century National, and CSAA would also make the list of some of the lowest-priced Oakland, CA insurance companies.

As the example above demonstrates, if you are currently insured with Century National and switched to Wawanesa, you could see a yearly price reduction of around $22. Policyholders with CSAA could save as much as $30 a year, and 21st Century customers might lower prices by up to $133 a year.

To discover how much you can save, click here to start your custom quote or click several companies below for low rates.

These policy prices are averages for all drivers and vehicles and are not factoring in a specific zip code for real estate agents. So the car insurance company that can offer you the lowest price may not even be in the top 24 companies in the list above. That underscores the importance of why you need to compare rates from as many companies as possible using your own personal information and vehicle type.

Insuring your vehicle with the highest-rated insurer is difficult considering how many choices you have in California. The company ratings below may help you select which providers to look at when comparing insurance rates for real estate agents. The rankings below only include the companies with a significant amount of written premium nationwide, so companies without a large exposure will not be included in the list.

Top 10 Large Car Insurance Companies in Oakland Ranked by Customer Service

  1. AAA of Southern California
  2. GEICO
  3. State Farm
  4. The Hartford
  5. Mercury Insurance
  6. The General
  7. Progressive
  8. Allstate
  9. AAA Insurance
  10. American Family

Top 10 Large Car Insurance Companies in Oakland Ranked by A.M. Best Rating

  1. USAA – A++
  2. Travelers – A++
  3. State Farm – A++
  4. GEICO – A++
  5. Esurance – A+
  6. Nationwide – A+
  7. Allstate – A+
  8. Mercury Insurance – A+
  9. Progressive – A+
  10. Titan Insurance – A+

The information below demonstrates how deductible levels can impact annual premium costs when getting quotes for cheap insurance for real estate agents. The premiums assume a married female driver, full coverage, and no discounts are applied to the premium.

The chart above illustrates that a 30-year-old driver could lower their policy premium by $476 a year by switching from a $100 deductible to a $500 deductible, or save $712 by selecting a $1,000 deductible. Younger drivers, like the 20-year-old category, can cut $1,008 every year by using a higher deductible.

If you do make the decision to raise your deductibles, it is important to have enough funds in savings to enable you to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.

Comparison of full coverage and liability-only policies

Finding cheaper insurance is important to most drivers, and one of the quickest ways to pay less for insurance for real estate agents is to not pay for full coverage. The illustration below visualizes the comparison of insurance prices with full physical damage coverage and with liability coverage only. The data is based on no claims or driving citations, $1,000 deductibles, single marital status, and no discounts are taken into consideration.

If we average all the age groups together, comp and collision coverage costs $2,003 per year more than just buying liability only. That may make you wonder if buying full coverage is worth the money. There is no written rule for excluding comp and collision coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than about 10% of the settlement you would receive from your company, then it could be time to drop full coverage.

How to find economical insurance for real estate agents

It is possible to find better rates, and here are a few thrifty suggestions that can help you find more affordable coverage.

The final tip is certainly important, as we discussed in the prior article. Prices charged by car insurance companies change constantly, so you should be ready to change to a new company if you can find a cheaper rate. Having a favorite company is fine, but it isn’t a good idea if that loyalty results in overpaying money that could be used for better things. In less than five minutes you could compare rates and find cheaper insurance for real estate agents in Oakland.