The words “low-cost” and “insurance” probably shouldn’t be used in the same sentence, especially when you are searching for the lowest insurance prices for real estate agents. Because of the high cost, let’s take a look at a few of the things that significantly impact auto insurance premiums, and find some ways to lower the cost of the next policy you buy.
For realtors, one of the big factors that help determine the annual cost of car insurance is the neighborhood you call home. Areas with more people or higher crime rates will most likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates profit from lower rates.
The illustration below ranks the most expensive areas in Ohio for real estate agents to purchase auto insurance in. Cleveland makes the list at #4 with a yearly premium of $1,222 on average, which is approximately $102 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Toledo | $1,279 |
| 2 | Youngstown | $1,247 |
| 3 | Cincinnati | $1,222 |
| 4 | Cleveland | $1,222 |
| 5 | Columbus | $1,211 |
| 6 | Cleveland Heights | $1,178 |
| 7 | Euclid | $1,175 |
| 8 | Dayton | $1,154 |
| 9 | Akron | $1,123 |
| 10 | Hamilton | $1,113 |
| 11 | Canton | $1,102 |
| 12 | Middletown | $1,066 |
| 13 | Newark | $1,063 |
| 14 | Lakewood | $1,063 |
| 15 | Fairfield | $1,063 |
| 16 | Springfield | $1,061 |
| 17 | Kettering | $1,040 |
| 18 | Strongsville | $1,031 |
| 19 | Parma | $1,027 |
| 20 | Mansfield | $1,022 |
| Find Cheaper Insurance Go | ||
Rate quotes are comparative as the vehicle garaging location can revise insurance rates greatly.
Trying to buy low-priced insurance is tough enough, and finding out which companies have the cheapest auto insurance rates for real estate agents will take even more rate comparisons.
Every auto insurer has their own guidelines for establishing rates, so we’ll go over the most competitive auto insurance companies in Cleveland, OH. Keep in mind that Cleveland, OH auto insurance rates are influenced by many factors which can substantially decrease or increase the price of coverage. This price fluctuation is why it is so important to compare lots of rates to find the lowest auto insurance rates for real estate agents. Rates consist of many things and change frequently, so the most economical company the last time you shopped around may now be quite expensive.
Best Insurance Companies for Realtors
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $635 |
| 2 | Allied | $676 |
| 3 | Erie | $681 |
| 4 | Frankenmuth | $701 |
| 5 | USAA | $719 |
| 6 | Travelers | $733 |
| 7 | Cincinnati Insurance | $749 |
| 8 | Merchants Insurance Group | $755 |
| 9 | Grange Mutual | $804 |
| 10 | Motorists Mutual | $824 |
| 11 | General Casualty | $829 |
| 12 | Central Mutual | $840 |
| 13 | Hastings Mutual | $884 |
| 14 | State Farm | $885 |
| 15 | Atlantic States | $904 |
| 16 | Westfield | $908 |
| 17 | Western Reserve | $970 |
| 18 | Progressive | $982 |
| 19 | Nationwide | $988 |
| 20 | Auto-Owners | $988 |
| Get a Custom Quote Go | ||
Utica National may offer some of the best car insurance rates in Cleveland at around $635 per year. This is $405 less than the average premium paid by Ohio drivers of $1,040. Allied, Erie, Frankenmuth, and USAA also qualify as some of the best Cleveland, OH car insurance companies.
As shown in the table above, if you are currently insured with USAA and switched to Allied, you may see an annual premium reduction of in the vicinity of $43. Ohio drivers with Travelers may save as much as $57 a year, and Cincinnati Insurance customers might lower prices by $73 a year.
Understand that those estimates are averages for all types of insureds and vehicles and do not factor in an exact location for real estate agents. So the auto insurance company that fits you best may not even be in the top 33 companies in the list above. That affirms the importance of why you need to get auto insurance quotes using your own specific driver information and vehicle.
Choosing a high-quality auto insurance company can be rather challenging considering how many companies there are to choose from in Ohio. The company rank data listed below can help you pick which insurers you want to consider when shopping car insurance rates for real estate agents. These ratings are only made up of the largest companies in America, so companies that only write business in Ohio or surrounding areas are not factored into this list.
Top 10 Major Auto Insurance Companies in Cleveland Ranked by Customer Satisfaction
- USAA – 92%
- Erie Insurance – 88%
- American Family – 88%
- State Farm – 88%
- Nationwide – 88%
- 21st Century – 88%
- AAA Insurance – 87%
- Liberty Mutual – 87%
- Farmers Insurance – 87%
- The Hartford – 87%
Top 10 Major Auto Insurance Companies in Cleveland Ranked by Value
- USAA
- GEICO
- AAA Insurance
- Erie Insurance
- State Farm
- Liberty Mutual
- Safeco Insurance
- Allstate
- 21st Century
- Travelers
Discount Cleveland insurance
Insurance companies that provide coverage for real estate agents could also offer rate discounts that can lower rates by 35% or more if you meet specific eligibility requirements. A few popular companies and a summarized list of policyholder discounts are detailed below.
- Farm Bureau may offer discounts for multi-policy, multi-vehicle, 55 and retired, youthful driver, driver training, and safe driver.
- MetLife includes discounts for accident-free, good driver, multi-policy, good student, and claim-free.
- Progressive has discounts for multi-policy, good student, continuous coverage, online quote discount, multi-vehicle, homeowner, and online signing.
- AAA has savings for education and occupation, good driver, multi-car, anti-theft, pay-in-full, and AAA membership discount.
- American Family may include discounts for good student, multi-vehicle, bundled insurance, air bags, defensive driver, and mySafetyValet.
- GEICO offers discounts for driver training, membership and employees, federal employee, air bags, seat belt use, and five-year accident-free.
- State Farm offers discounts including Steer Clear safe driver discount, driver’s education, safe vehicle, student away at school, good driver, and passive restraint.
The illustration below compares insurance rates with and without policy discounts. The premium estimates are based on a male driver, a clean driving record, no claims, Ohio state minimum liability limits, full physical damage coverage, and $1,000 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with vehicle safety, passive restraint, safe-driver, multiple policy, marriage, and homeowner discounts applied. When taking advantage of discounts, theaverage amount saved on auto insurance for real estate agents is 28% or $356.
Why are you paying too much for car insurance?
Cleveland auto insurance rates are based on many factors which can substantially change the policy premium. Simply having a birthday, having a teenage driver, or getting a DUI can trigger price changes resulting in some companies being cheaper than before.
In addition to those changes, car insurance companies modify rates as needed as an adjustment for underwriting gains or losses. A period of higher than normal claims can result in high rates, while a lower level of claims may produce lower-priced Cleveland car insurance rates.
To illustrate this example, the graph below shows which company has the cheapest car insurance in Cleveland, OH for a 30-year-old male driver with no prior accidents, a clean driving record, and great credit. If we look at prices based on his current risk factors, Utica National might quote the most affordable car insurance rates in Cleveland at $795 per year. This is $245 less than the average premium paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and Travelers also make the list of the most affordable Cleveland, OH auto insurance companies.
In this next rate comparison, we will give the driver from the above example some claims, less-than-perfect credit, and an imperfect driving record. Due to the fact that each insurance company has their own guidelines to determine rates, comparing quotes most likely will result in a different list of cheap Cleveland auto insurance companies as shown below.
Cincinnati Insurance now has the lowest price on auto insurance in Cleveland with Merchants Insurance Group, Motorists Mutual, General Casualty, and Grange Mutual also having competitive pricing. This shows why it is so important to compare many different companies when trying to get the most affordable insurance quotes for real estate agents. Auto insurance prices can be altered by many risk factors and can decrease or increase without notice, so the most economical option when you last compared rates may now be an over-priced policy.
The agents shown below can help you make a decision which coverages and limits you need, since some drivers have questions and prefer to have the advice of a professional agent when comparing insurance rates for realtors. It can be difficult to find the cheapest auto insurance company, so insurance agents licensed in the state of Ohio can bring satisfaction knowing your policy gives you suitable coverage if you have an accident. To locate a Cleveland insurance agent nearest to you, click the button at the bottom.
- United Agencies
1422 Euclid Ave # 900 – Cleveland, OH 44115 – (216) 696-8044 - Anita Tyler – State Farm Insurance Agent
2168 S Taylor Rd – Cleveland Heights, OH 44118 – (216) 371-5900 - Hubbard Insurance Agency
22255 Center Ridge Rd #202 – Rocky River, OH 44116 – (440) 333-4450
View more Cleveland, OH insurance agencies
How to find cheaper insurance for real estate agents
Lowering your rates is not difficult, and here are a few thrifty suggestions that can help you quote cheap car insurance.
- Drivers with good credit often pay less
- Safe vehicles cost less to insure
- Raise your deductibles
- Be a cautious driver
- Avoid accidents and claims
- Compare quotes from other companies often
The last item on the list is notably significant, as we emphasized in this write-up. Coverage prices in Cleveland vary considerably, so don’t be hesitant to buy a policy from a new company if a lower-cost policy is available.
Many consumers stick with the same company and that’s fine, but it’s not recommended if that inflexibility results in costing you lots of hard earned cash every month. It takes less than five minutes to shop around and find cheaper auto insurance for real estate agents.