You have seen the catchy advertisements from car insurance companies like Progressive and GEICO that guarantee the cheapest price. So drivers just need to pick one at random, right?
That is not the case, however, as there are a whole bunch of unknown aspects like the type of vehicle you drive, how well you maintain your credit, your driving record, and if you want the added protection of full coverage. This article delves into the different scenarios that increase car insurance cost and should give you a good beginning to your search for cheaper coverage.
Shopping around for cost effective car insurance is not most people’s favorite thing to do, and finding out which companies have the lowest-priced insurance rates for real estate agents requires even more rate comparisons. Every car insurance company uses different criteria to set their prices, so we need to take a look at the insurance companies with the most affordable rates in Bakersfield.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,121 |
| 2 | Wawanesa | $1,181 |
| 3 | CSAA | $1,186 |
| 4 | Century National | $1,190 |
| 5 | Nationwide | $1,263 |
| 6 | 21st Century | $1,366 |
| 7 | Grange | $1,447 |
| 8 | Progressive | $1,542 |
| 9 | Allstate | $1,543 |
| 10 | Mercury | $1,548 |
| 11 | Allied | $1,556 |
| 12 | GEICO | $1,559 |
| 13 | The Hartford | $1,639 |
| 14 | MetLife | $1,654 |
| 15 | State Farm | $1,699 |
| 16 | Unitrin | $1,733 |
| 17 | Esurance | $1,756 |
| 18 | Travelers | $1,842 |
| 19 | Bristol West | $1,849 |
| 20 | Farmers | $2,006 |
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USAA quotes some of the cheapest car insurance rates in Bakersfield at around $1,121 annually. Wawanesa, CSAA, Century National, and Nationwide also rank well as some of the cheapest Bakersfield, CA insurance companies.
As depicted above, if you buy coverage from Century National and switched to Wawanesa, you may see an annual premium reduction of upwards of $9. Policyholders with Nationwide could save as much as $82 a year, and 21st Century customers might lower prices by up to $185 a year.
Be aware that those policy rates are averages for all drivers and vehicles and are not factoring in an exact vehicle garaging location for real estate agents. So the car insurance company that fits you best may not even be in the top 24 companies shown above. That emphasizes why you need to quote rates from many companies using your own driver and vehicle profiles.
For realtors, one of the more important components that are looked at to determine the cost of insurance is your zip code in Bakersfield. Cities with larger populations or higher claim trends tend to have higher auto insurance costs, whereas areas with lower crime rates and fewer weather claims have the luxury of lower rates.
The next table sorts the most expensive cities in California for real estate agents to buy auto insurance in. Bakersfield is ranked #25 with the yearly price of $1,340 for car insurance, which is approximately $112 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Los Angeles | $2,168 |
| 2 | Glendale | $2,121 |
| 3 | Oakland | $1,738 |
| 4 | San Francisco | $1,711 |
| 5 | Sacramento | $1,652 |
| 6 | San Bernardino | $1,596 |
| 7 | Santa Clarita | $1,595 |
| 8 | Long Beach | $1,578 |
| 9 | Garden Grove | $1,570 |
| 10 | Modesto | $1,547 |
| 11 | Stockton | $1,541 |
| 12 | Fontana | $1,535 |
| 13 | Riverside | $1,527 |
| 14 | Moreno Valley | $1,506 |
| 15 | Fresno | $1,472 |
| 16 | Santa Ana | $1,453 |
| 17 | Anaheim | $1,444 |
| 18 | San Jose | $1,437 |
| 19 | Fremont | $1,403 |
| 20 | San Diego | $1,381 |
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Information shown are approximated as specific Bakersfield zip code can modify rates significantly.
The make and model of vehicle that is being insured is one of the largest factors that determines whether or not you find the cheapest insurance for real estate agents. Vehicles with high performance engines, poor passenger safety features, or high incidents of liability claims will cost quite a bit more to insure than safer, lower-performance models.
The table below showcases auto insurance costs for a number of the most budget-friendly vehicles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 4WD | $783 |
| Honda CR-V EX 4WD | $805 |
| Ford Edge Limited 2WD | $812 |
| Chevrolet Equinox LS AWD | $830 |
| Jeep Grand Cherokee Laredo 2WD | $840 |
| Toyota RAV4 4WD | $830 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $846 |
| Toyota Prius | $877 |
| Nissan Rogue S AWD | $887 |
| Hyundai Sonata GLS 4-Dr Sedan | $892 |
| Honda Odyssey Touring | $889 |
| Volkswagen Jetta SE 4-Dr Sedan | $899 |
| Chevrolet Impala LT | $904 |
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Table data does not factor in your specific Bakersfield, CA location which can influence premium rates greatly.
Looking at the data, makes and models like the Ford Escape, Honda CR-V, and Ford Edge are some of the more affordable vehicles to insure for realtors.
Rate increases following a ticket or accident
The easiest way to receive the cheapest insurance premiums in Bakersfield for realtors is to drive attentively and avoid traffic citations and accidents. The information below highlights how traffic violations and fender-benders can affect insurance rates for different age groups of insureds. The data is based on a single female driver, full physical damage coverage, $100 deductibles, and no additional discounts are factored in.
The data in the chart shows the average cost of an auto insurance policy in Bakersfield per year with no accidents or violations is $3,262. Receive two speeding tickets and the average cost hikes up to $4,398, an increase of $1,136 each year. Now include two accidents along with the two speeding tickets and the annual cost of insurance for real estate agents increases to an average of $8,399. That’s an increase of $5,137, or $428 per month, just for not driving attentively!
Should you buy full coverage?
Buying cheaper insurance is the goal of most people, and one way to find cheaper insurance for real estate agents is to not buy full coverage. The example below illustrates the comparison of yearly insurance costs when comparing full coverage to liability only. The rate quotes are based on no claims or driving citations, $1,000 deductibles, drivers are single, and no discounts are factored in.
On average, physical damage insurance costs $1,849 per year more than carrying just liability coverage. Many drivers will wonder if buying full coverage is a waste of money. There is no clear-cut rule to stop buying physical damage insurance, but there is a general school of thought. If the yearly cost of full coverage is about 10% or more of any settlement you would receive from your insurance company, then it could be time to drop full coverage.
For example, let’s pretend your vehicle’s settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $4,000 after the policy deductible has been paid. If premiums are more than $400 annually to have full coverage, then you may want to consider only buying liability coverage.
If you like to have some advice when trying to find the best insurance rates for real estate agents, the agencies below can aid you in deciding which policy fits your needs best. To find an agent close to you, click the button at the bottom or click here to compare rates now.
Farmers Insurance: Eric Peters
1519 Eye St – Bakersfield, CA 93301 – (661) 872-8113
Allstate Insurance: Lee Hernandez
1801 21st St Ste 3 – Bakersfield, CA 93301 – (661) 327-7761
Fox, James H – James H Fox Insurance
42 Bernard St – Bakersfield, CA 93305 – (661) 322-2023
More Bakersfield, CA insurance agents
How to find the cheapest insurance for real estate agents
Here are some of the better penny-pinching suggestions that can help you find cheap coverage.
- Raise comprehensive and collision coverage deductibles
- Increase your credit rating
- Buy your homeowners policy from the same company as your auto insurance
- Frequent claims will increase rates
- Drive safely
- Avoid accidents
- Ensure you have the best deal by shopping around regularly
The last idea is incredibly important, as we hit on in the prior article. Prices charged by car insurance companies can be modified anytime, so drivers shouldn’t be resistant to buy a policy from a new company if a more affordable price is available.
Having brand loyalty is commendable, but it’s not recommended if that devotion results in you overpaying hundreds of dollars a year. If you have a few minutes, now is a great time to compare prices and find cheaper car insurance for real estate agents in Bakersfield.