For realtors, one of the big considerations that are used to help calculate the cost of insurance is your zip code. Areas with more people or even just a higher incidence of claims are more likely to have higher rates, whereas areas with less congestion tend to receive slightly lower rates.
The illustration below rates the most costly cities in Oklahoma for real estate agents to purchase a policy in. Oklahoma City shows up at #3 having an annual price of $2,199 for the average insured, which is about $183 monthly.
|Rank||City||Average Per Year|
|Find Cheaper Insurance Go|
Rate information is approximated as the specific geographic location can alter prices greatly.
Finding dependable, affordable car insurance is difficult, and deciding which company offers the best insurance rates for real estate agents will require even more perseverance. Each company has a proprietary formula to determine rates, so let’s begin by taking a look at the insurance companies that tend to be cheaper in Oklahoma City, OK.
It’s important to understand that Oklahoma City, OK insurance rates are impacted by many factors that may substantially change the price of your policy. Simply improving your credit, buying a home instead of renting, or getting a driving violation can trigger rate changes that can cause some rates to be much higher than others.
Cheap Insurance Rates for Realtors
|Rank||Company||Cost Per Year|
|2||Oklahoma Farmers Union||$1,166|
|11||OK Farm Bureau||$1,997|
|Get a Custom Quote Go|
USAA normally has some of the best car insurance rates in Oklahoma City at around $1,150 per year. This is $817 less than the average price paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, GEICO, and Safe Auto are also some of the more affordable Oklahoma City, OK car insurance companies.
As illustrated above, if you currently buy coverage from Oklahoma Farmers Union and switched to USAA, you might achieve an annual savings of approximately $16. Customers with The Hartford might save as much as $169 a year, and GEICO policyholders might cut rates by $231 a year.
Be aware that those premium estimates are averages for all types of insureds and vehicles and do not factor in an exact location for real estate agents. So the car insurance company that can offer the best rates for your situation may not even be in the list above. That is why you need to compare as many prices as possible using your own driver data and vehicle information.
The type of vehicle you are buying coverage for is one of the primary factors when trying to find low-cost insurance for real estate agents. Vehicles with high performance features, poor safety ratings, or a high likelihood of having liability claims will cost significantly more to insure than more economical and safe models. The next list features coverage costs for the most budget-friendly automobiles to buy coverage for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Ford Escape Limited 2WD||$1,088|
|Volkswagen Jetta S 2.5 Station Wagon||$1,154|
|Toyota RAV4 Limited 4WD||$1,259|
|Jeep Grand Cherokee Laredo 2WD||$1,267|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$1,285|
|Dodge Ram 3500 Crew Cab Laramie 2WD||$1,290|
|Hyundai Elantra SE 4-Dr Sedan||$1,325|
|Toyota Corolla LE||$1,335|
|Honda CR-V EX-L 4WD||$1,339|
|Ford F-150 XL Super Cab 2WD||$1,344|
|Chevrolet Malibu LTZ||$1,351|
|GMC Sierra 2500HD SLE Crew Cab 4WD||$1,360|
|Nissan Rogue S 2WD||$1,353|
|Chevrolet Silverado 3500HD LT Crew Cab 2WD||$1,374|
|Honda Accord LX-S 2-Dr Coupe||$1,419|
|GMC Sierra Denali Crew Cab 4WD||$1,440|
|Ford Fusion Sport AWD 4-Dr Sedan||$1,447|
|Chevrolet Impala LT||$1,447|
|Dodge Grand Caravan Hero||$1,457|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$1,470|
|Ford Explorer Limited 2WD||$1,473|
|Ford F-350 XL Super Cab 2WD||$1,501|
|Start Your Quote Go|
Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Table data does not factor in vehicle location which can lower or raise auto insurance rates greatly.
Based on these rates, we can infer that makes and models like the Ford Escape, Volkswagen Jetta, and Toyota Prius will be a few of the most affordable vehicles to insure for realtors.
Types of discounts on Oklahoma City car insurance rates
Insurers that sell policies for real estate agents could also offer policy discounts that can lower rates by as much as 40% or more if you are eligible. Popular insurance companies and their possible discounts include:
- State Farm includes discounts for Drive Safe & Save, Steer Clear safe driver discount, safe vehicle, defensive driving training, and good student.
- Progressive has savings for continuous coverage, online quote discount, multi-policy, good student, homeowner, and multi-vehicle.
- Travelers has discounts for good student, multi-policy, save driver, IntelliDrive, payment discounts, driver training, and early quote.
- American Family offers discounts including multi-vehicle, bundled insurance, air bags, early bird, defensive driver, and accident-free.
- Liberty Mutual may offer discounts for hybrid vehicle, multi-policy, exclusive group savings, preferred payment discount, new move discount, safety features, and multi-car.
The diagram below compares auto insurance costs with and without policy discounts. The premiums are based on a female driver, no claims or violations, Oklahoma state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with claim-free, multiple vehicle, marriage, accident-free, multiple policy, and passive restraint discounts applied. When drivers qualify for the discounts, theaverage amount saved on insurance for real estate agents is 28% or $833.
What is the best insurance company in Oklahoma?
Selecting the best insurance company is difficult considering how many companies provide coverage in Oklahoma City. The information displayed below can help you select which coverage providers to look at when trying find the best insurance for real estate agents. These ratings include companies that insure vehicles nationwide, so companies with more of a regional focus will not be included in the list.
Top 10 Major Auto Insurers Overall in Oklahoma City
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
The benefits of price comparisons
Oklahoma City insurance rates are impacted by many factors that will increase or decrease the price of your policy. Simply having a birthday, having a teenage driver, or having an accident can cause premium changes that may make certain companies cheaper in comparison to the competition.
Not only may things change on your end, but insurance companies file new Oklahoma car insurance rates without warning to ensure their profitability. Larger than normal claims can cause higher prices, while lower claim expenses may result in lower-priced Oklahoma City car insurance rates.
For example, the bar chart below demonstrates which company has the cheapest car insurance in Oklahoma City, OK for a 35-year-old female driver with no accidents, a clean driving record, and a good credit rating. If we look at prices based on her current rating profile, USAA offers the cheapest car insurance rates in Oklahoma City at $1,348 annually. This is $619 less than the average policy premium paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, Safe Auto, and GEICO are also on the list of the most affordable Oklahoma City, OK auto insurance companies.
The chart below compares rates after we give the driver in the first example a couple of claims, a lower credit score, and a few traffic violations. Due to the fact that every auto insurer has a proprietary formula for filing rates in each state, comparing rates could result in a significantly different list of the cheapest companies as shown below.
State Farm now has the lowest car insurance rate in Oklahoma City with Oklahoma Farmers Union, Liberty Mutual, The Hartford, and Safe Auto also being competitive. This shows why consumers need to take the time to perform an extensive rate comparison to find the most economical car insurance rates for real estate agents.
Car insurance prices can be altered by many things and can change without notice, so the cheapest rate when you bought your policy may now be quite expensive.