Wouldn’t it be great if we could just give you the name of the one best company that has the best insurance prices for real estate agents? That is not the case, however, as there are a whole bunch of unknowns such as if you want the added protection of full coverage, what physical damage coverage deductibles you want, and if you are married. We know insurance is not everyone’s favorite topic, but in this article we will cover these factors and others that can influence the price of auto insurance and also should give you a solid foundation to find cheaper car insurance in Indiana.
Establishing which company has the cheapest auto insurance rates for real estate agents requires more work than just getting one or two price quotes. Every car insurance company has a different process to set premium rates, so let’s examine the auto insurance companies that tend to be cheaper in Indianapolis, IN.
It’s a good idea to be aware that Indiana auto insurance rates are determined by lots of factors which can significantly increase or decrease your annual premium. Simply turning a year older, having a teen driver, or having a fender bender can trigger price changes resulting in some rates now being cheaper than competitors.
Find the Cheapest Car Insurance for Realtors
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $620 |
| 2 | Cincinnati Insurance | $678 |
| 3 | USAA | $687 |
| 4 | Erie | $705 |
| 5 | Indiana Farmers Mutual | $867 |
| 6 | Western Reserve | $872 |
| 7 | The Hartford | $889 |
| 8 | Auto-Owners | $906 |
| 9 | Motorists Mutual | $956 |
| 10 | State Farm | $967 |
| 11 | Nationwide | $968 |
| 12 | Utica National | $995 |
| 13 | Safeco | $1,003 |
| 14 | Hastings Mutual | $1,013 |
| 15 | Farmers | $1,033 |
| 16 | Wolverine Mutual | $1,061 |
| 17 | Westfield | $1,072 |
| 18 | State Auto | $1,087 |
| 19 | GEICO | $1,089 |
| 20 | Celina Insurance | $1,135 |
| Find Cheaper Rates Go | ||
Travelers offers some of the cheapest car insurance rates in Indianapolis at around $620 each year. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual also rank well as some of the cheapest Indianapolis, IN insurance companies.
In the above example, if you currently have a policy with Erie and switched to Cincinnati Insurance, you could see an annual savings of in the vicinity of $27. Policyholders with Indiana Farmers Mutual could save as much as $189 a year, and Western Reserve insureds might lower prices by $194 a year.
Remember that these estimates are averaged for all drivers and vehicles and and are not figured with an exact zip code location for real estate agents. So the car insurance company that is best suited for you may not even be in the top 36 companies in the list above. That underscores the importance of why you need to compare prices as often as possible using your own individual information.
One of the more important criteria that help determine the price you pay for insurance is your zip code in Indianapolis. Regions with larger populations or more claims tend to have higher auto insurance costs, whereas more rural areas have the benefit of cheaper car insurance.
The next table sorts the most costly cities in Indiana for real estate agents in which to buy car insurance. Indianapolis comes in at #6 with an annual cost of $1,082 for car insurance, which is about $90 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Gary | $1,347 |
| 2 | Hammond | $1,288 |
| 3 | Portage | $1,126 |
| 4 | Merrillville | $1,095 |
| 5 | Lawrence | $1,088 |
| 6 | Indianapolis | $1,082 |
| 7 | New Albany | $1,070 |
| 8 | Jeffersonville | $1,070 |
| 9 | Evansville | $1,045 |
| 10 | Terre Haute | $1,035 |
| 11 | Kokomo | $1,001 |
| 12 | Anderson | $1,001 |
| 13 | Fort Wayne | $985 |
| 14 | Elkhart | $985 |
| 15 | South Bend | $985 |
| 16 | Bloomington | $968 |
| 17 | Mishawaka | $965 |
| 18 | Columbus | $955 |
| 19 | Fishers | $945 |
| 20 | Richmond | $944 |
| 21 | Greenwood | $941 |
| 22 | Muncie | $937 |
| 23 | Carmel | $929 |
| 24 | Noblesville | $920 |
| 25 | Lafayette | $890 |
| Quote Best Rates Go | ||
Rates are estimated as the specific area where the vehicle is garaged can influence premiums greatly.
The car, truck, or SUV driven is probably the biggest factor when shopping for low-cost insurance for real estate agents. Vehicles with limited top-end speed, an excellent safety record, or a low likelihood of having liability claims will cost less to insure than fast, unsafe models. The next table presents car insurance prices for a number of the cheapest vehicles to insure.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $1,109 |
| Honda Accord EX 4-Dr Sedan | $1,118 |
| Jeep Wrangler Sahara 4WD 2-Dr | $1,134 |
| Toyota Tacoma 4WD | $1,143 |
| Ford Escape Limited 4WD | $1,206 |
| Volkswagen Jetta S 2.5 Station Wagon | $1,214 |
| Chevrolet Malibu LT | $1,222 |
| Ford F-150 XL Super Cab 2WD | $1,259 |
| Chevrolet Impala LTZ | $1,263 |
| Toyota Prius | $1,271 |
| Toyota Camry SE | $1,263 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,284 |
| Nissan Altima Hybrid 4-Dr Sedan | $1,286 |
| Ford Edge SEL AWD | $1,296 |
| Chevrolet Silverado LS Extended Cab 4WD | $1,313 |
| Get a Custom Quote Go | |
Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Price information does not factor in specific garaging location which can change coverage prices significantly.
Looking at the rates, we can tell that models like the Honda CR-V, Honda Accord, Jeep Wrangler, Toyota Tacoma, and Ford Escape are most likely to be some of the cheaper vehicles to insure for realtors.
The illustration below highlights how deductible choice can affect insurance costs when getting quotes for cheap insurance for real estate agents. The rates are based on a single female driver, comp and collision included, and no discounts are applied to the premium.
The chart above illustrates that a 30-year-old driver could lower rates by $254 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $384 by changing to a $1,000 deductible. Young drivers, like the 20-year-old, could save up to $566 or even more just by choosing higher deductibles. When insureds make the decision to increase the deductibles on their policy, it will now be necessary to have enough in a savings account to be able to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
Buying coverage from a highly-rated insurance provider can be challenging considering how many companies there are to choose from in Indianapolis. The ranking information shown next could help you analyze which providers to look at when looking for cheaper rates.
The rankings below are for large nationwide companies, so companies that only write business in Indiana or surrounding areas are not factored into this list. To compare rates from these and other competitive companies, simply click here.
Top 10 Large Auto Insurance Companies in Indianapolis Ranked by Customer Service
- Nationwide
- State Farm
- Safeco Insurance
- American Family
- Titan Insurance
- Travelers
- Liberty Mutual
- GEICO
- Erie Insurance
- Allstate
How to find low-cost insurance for real estate agents
Here are some of the recommended thrifty suggestions that can help drivers buy lower-cost auto insurance.
- Maintain a clean driving record
- Raise comprehensive and collision coverage deductibles
- Maintain a safe distance and avoid accidents
- Increase your credit score
- Drive vehicles with five-star safety ratings
- Check for cheaper rates once a year
The last idea is extremely crucial, as was stressed in the prior information. Coverage prices can change in a short period of time, so don’t be unwilling to change to a new company if a lower price can be found.
Loyalty to a specific company is fine, but it’s not a great idea if your bullheadedness ends up costing you several hundred dollars every year. If you have a few minutes, now is a great time to compare prices and find cheaper auto insurance for real estate agents in Indianapolis.
The Indianapolis auto insurance agencies shown below can answer your questions and help you decide which policy is best, since some drivers wish to have a professional recommendation when trying to find lower insurance rates for realtors. It’s not always simple to find coverage yourself, so insurance agents licensed in the state of Indiana can add peace of mind knowing you have suitable coverage if you ever need to use it. To find an Indianapolis insurance agency near you, click the link at the bottom or click here to compare rates now.
Charlotte Adams-Jones – State Farm Insurance Agent
5034 E 56th St – Indianapolis, IN 46226 – (317) 252-5933
Adam Krockenberger – State Farm Insurance Agent
5685 Lafayette Rd #700 – Indianapolis, IN 46254 – (317) 387-9182
Multiline Insurance Agency
9801 Fall Creek Rd #156 – Indianapolis, IN 46256 – (317) 476-6141