Who Has Affordable Auto Insurance for Real Estate Agents in Riverside?

For realtors, one of the big factors that aid in calculating the price you pay for insurance is where your car is garaged in Riverside. Cities with larger populations are more likely to pay higher prices, whereas areas with lower crime rates and fewer weather claims profit from lower rates.

The next table lists the highest-priced places in California for real estate agents in which to buy car insurance. Riverside is ranked at #15 costing $1,497 for the average insured, which is approximately $125 per month.

How much is car insurance in Riverside?
Rank City Annual Rate
1 Los Angeles $2,168
2 Glendale $2,079
3 Sacramento $1,703
4 San Francisco $1,693
5 Oakland $1,687
6 San Bernardino $1,644
7 Stockton $1,603
8 Fontana $1,581
9 Long Beach $1,578
10 Garden Grove $1,570
11 Moreno Valley $1,536
12 Santa Clarita $1,533
13 Fresno $1,502
14 Modesto $1,502
15 Riverside $1,497
16 Anaheim $1,474
17 Santa Ana $1,439
18 San Jose $1,437
19 Huntington Beach $1,416
20 Irvine $1,384
21 San Diego $1,368
22 Fremont $1,348
23 Bakersfield $1,340
24 Chula Vista $1,311
25 Oxnard $1,304
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Annual rates are comparative as the specific geographic location can impact premiums significantly.

Finding decent, cheap car insurance is tough enough, and deciding which company offers the best car insurance rates for real estate agents requires even more shopping around. Each insurer uses a different method for setting rates, so we’ll take a look at the car insurance companies with the overall best prices in Riverside.

It’s important to know that California car insurance rates are calculated based on many things which can substantially change the price you have to pay. Price variation is why it is so important to shop around with many companies to get the best insurance quotes for real estate agents. Insurance rates are influenced by many factors and can decrease or increase without notice, so the cheapest rate the last time you compared rates may now cost much more than other companies.

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Rankings for the cheapest California auto insurance companies
Rank Company Cost Per Year
1 USAA $1,155
2 Wawanesa $1,181
3 Century National $1,214
4 CSAA $1,222
5 Nationwide $1,250
6 21st Century $1,325
7 Grange $1,447
8 Allstate $1,513
9 Mercury $1,533
10 Progressive $1,542
11 Allied $1,556
12 GEICO $1,575
13 MetLife $1,590
14 The Hartford $1,591
15 Esurance $1,705
16 Unitrin $1,733
17 State Farm $1,750
18 Travelers $1,842
19 Bristol West $1,849
20 Farmers $1,946
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USAA has some of the cheapest car insurance rates in Riverside at around $1,155 a year. This is $496 less than the average premium paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide also make the cut as some of the cheaper Riverside, CA car insurance companies.

As shown above, if you have coverage with CSAA and switched to Wawanesa, you might realize a yearly savings of upwards of $41. Policyholders with Nationwide may save as much as $69 a year, and 21st Century customers might reduce prices by as much as $144 a year.

Bear in mind that those premium estimates are averages across all drivers and vehicles in California and and are not calculated with an exact zip code location for real estate agents. So the auto insurance company that is best for you may not even be in the list above. That points out the importance of why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.

The type of vehicle you are trying to insure is a large factor when comparison shopping for cheaper coverage for real estate agents. Vehicles with limited speed and performance, good crash test ratings, or a low likelihood of having liability claims will cost less to insure than adrenaline junky models. The data below features car insurance premiums for a number of the most cost-effective vehicles to insure.

Cheapest Vehicles to Insure in Riverside, CA
Insured Vehicle Estimated Cost for Full Coverage
Honda Accord LX 4-Dr Sedan $1,075
Ford F-150 XLT Regular Cab 2WD $1,179
Toyota Prius $1,190
Toyota Tacoma 4WD $1,204
Ford Focus S 4-Dr Sedan $1,244
Honda CR-V EX-L 4WD $1,259
Ford Escape Limited 2WD $1,268
Jeep Wrangler Sport Islander Package 4WD 2-Dr $1,353
Ford Fusion SEL 4-Dr Sedan $1,360
Honda Civic GX 4-Dr Sedan $1,402
Kia Optima EX $1,454
Hyundai Sonata Limited 4-Dr Sedan $1,463
Chevrolet Malibu Hybrid $1,456
Chevrolet Silverado LS Extended Cab 4WD $1,465
Toyota RAV4 Sport 2WD $1,456
Dodge Grand Caravan SXT $1,484
Ford Explorer Limited AWD $1,490
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Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Rate information does not factor in vehicle location which can influence coverage rates considerably.

Based upon these rates, you can assume that vehicles like the Honda Accord, Ford F-150, and Toyota Prius are going to be some of the less-costly vehicles to insure for realtors.

Full coverage rates compared to liability-only

Saving money on car insurance should be important to most vehicle owners, and one of the quickest ways to lower the cost of insurance for real estate agents is to only buy liability coverage. The information below compares insurance costs when comparing full coverage to liability only. The premium estimates are based on a clean driving record, no claims, $500 deductibles, single status, and no discounts are applied.

Averaged out for all age groups, comprehensive and collision coverage on your policy costs an extra $2,273 per year over having just liability coverage. Many of you may wonder when is it safe to stop buying full coverage. There is no clear-cut formula to stop paying for comp and collision coverage, but there is a general convention. If the yearly cost for physical damage coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.

For example, let’s say your vehicle’s claim settlement value is $5,500 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $4,500 after the policy deductible has been paid. If you are currently paying more than $450 a year to have full coverage, then you might want to consider buying only liability coverage.

There are some scenarios where only buying liability is not in your best interest. If you still have a lienholder on your title, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not opt for liability only.

The illustration below shows how choosing a deductible can impact yearly insurance costs when researching cheap insurance for real estate agents. The data assumes a single male driver, full physical damage coverage, and no discounts are applied to the premium.

As shown above, a 40-year-old driver could lower their policy premium by $506 a year by switching from a $100 deductible up to a $500 deductible, or save $762 by selecting a $1,000 deductible. Younger drivers, like the 20-year-old category, could reduce their rates up to $1,674 each year by choosing larger deductibles on their policy.

When increasing deductibles, it will now be necessary to have spare funds to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

Shop around and save

Riverside car insurance rates are based on many factors that can increase the price of coverage. Simply getting older, having a teen driver, or having a fender bender can produce rate changes that can cause some rates to be cheaper in comparison to the competition. Not only may your situation change, but car insurance companies change premium rates as often as every quarter in order to offset underwriting gains or losses. Heavy losses can result in higher rates, while better underwriting can produce lower-priced Riverside car insurance rates.

For example, the graph below shows which company has the cheapest car insurance in Riverside, CA for a 35-year-old male driver with a good driving record, no prior claims, and solid credit. If we look at prices based on his current situation, USAA offers the lowest car insurance rates in Riverside at $1,305 each year. This is $346 less than the average rate paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide are also on the list of the best Riverside, CA auto insurance companies.

Now let’s give the driver from above a claim or two, a lower credit score, and a stop sign violation. Because every insurance company uses a different method for establishing rates, comparing prices will most likely result in a different list of the cheapest companies as shown below.

Mercury now has the cheapest price in Riverside with Grange, Progressive, GEICO, and Allied also being competitive. This example illustrates why it is critical to compare rates when trying to find the most budget-friendly auto insurance rates for real estate agents. Insurance prices are impacted by many things and change dramatically, so the best company when you bought your policy may now be wasting a lot of money.