Real estate business insurance costs vary significantly across coverage types. MoneyGeek's analysis shows monthly premiums range from $30 for workers' compensation to $125 for professional liability coverage.
How Much Does Real Estate Business Insurance Cost?
Business insurance for real estate professionals starts at $30 per month. Your specific business details and coverage needs will determine your actual rate.
Discover cheap real estate business insurance below.
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Updated: August 16, 2025
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Key Takeaways
Real estate business insurance costs range from $30 to $125 monthly, with workers' compensation being the most affordable and professional liability the most expensive.
Your real estate insurance premiums depend on location, claims history, property types serviced and employee count.
Shop multiple insurers, bundle policies, increase deductibles and pay annually to find affordable real estate business insurance costs.
Average Real Estate Business Insurance Cost Overall
| BOP | $79 |
| General Liability | $53 |
| Professional Liability (E&O) | $125 |
| Workers Comp | $30 |
How did we determine these rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Real Estate Business Insurance Cost for General Liability Coverage by State
Your real estate business insurance cost for general liability coverage depends on where you operate. Oklahoma offers the most savings at $43 monthly (versus the $53 national average), while New York costs $62 monthly.
| Alabama | $52 |
| Alaska | $41 |
| Arizona | $51 |
| Arkansas | $51 |
| California | $60 |
| Colorado | $53 |
| Connecticut | $58 |
| Delaware | $57 |
| Florida | $58 |
| Georgia | $54 |
| Hawaii | $46 |
| Idaho | $51 |
| Illinois | $59 |
| Indiana | $52 |
| Iowa | $51 |
| Kansas | $52 |
| Kentucky | $50 |
| Louisiana | $51 |
| Maine | $46 |
| Maryland | $51 |
| Massachusetts | $56 |
| Michigan | $51 |
| Minnesota | $50 |
| Mississippi | $54 |
| Missouri | $53 |
| Montana | $53 |
| Nebraska | $51 |
| Nevada | $61 |
| New Hampshire | $53 |
| New Jersey | $61 |
| New Mexico | $54 |
| New York | $62 |
| North Carolina | $46 |
| North Dakota | $46 |
| Ohio | $50 |
| Oklahoma | $43 |
| Oregon | $50 |
| Pennsylvania | $62 |
| Rhode Island | $59 |
| South Carolina | $55 |
| South Dakota | $50 |
| Tennessee | $52 |
| Texas | $54 |
| Utah | $51 |
| Vermont | $51 |
| Virginia | $49 |
| Washington | $61 |
| West Virginia | $56 |
| Wisconsin | $52 |
| Wyoming | $49 |
How did we determine these rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Real Estate Business Insurance Cost for Workers’ Compensation Coverage by State
Your business insurance cost for workers' compensation varies by state. Maine offers the lowest rates at $26 monthly and New York the highest at $35 monthly. Our analysis reveals how state regulations and claim histories create these differences for real estate insurance.
| Alabama | $29 |
| Alaska | $28 |
| Arizona | $29 |
| Arkansas | $28 |
| California | $33 |
| Colorado | $30 |
| Connecticut | $32 |
| Delaware | $32 |
| Florida | $32 |
| Georgia | $31 |
| Hawaii | $32 |
| Idaho | $28 |
| Illinois | $33 |
| Indiana | $29 |
| Iowa | $28 |
| Kansas | $29 |
| Kentucky | $28 |
| Louisiana | $34 |
| Maine | $26 |
| Maryland | $29 |
| Massachusetts | $31 |
| Michigan | $28 |
| Minnesota | $28 |
| Mississippi | $30 |
| Missouri | $30 |
| Montana | $30 |
| Nebraska | $28 |
| Nevada | $34 |
| New Hampshire | $30 |
| New Jersey | $34 |
| New Mexico | $30 |
| New York | $35 |
| North Carolina | $26 |
| Oklahoma | $28 |
| Oregon | $27 |
| Pennsylvania | $35 |
| Rhode Island | $33 |
| South Carolina | $31 |
| South Dakota | $28 |
| Tennessee | $29 |
| Texas | $30 |
| Utah | $29 |
| Vermont | $29 |
| Virginia | $27 |
| West Virginia | $32 |
| Wisconsin | $29 |
How did we determine these rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on workers’ comp policies. Workers' compensation requirements vary by state and are mandated by state regulations. Survey results reflect limited sample data and may not represent all available rates in your area.
Real Estate Business Insurance Cost for Professional Liability Coverage by State
Like other types of coverage, your real estate business cost for professional liability varies by state. The national average for E&O insurance is $126 monthly, with Maine offering the lowest rates at $108 and New York the highest at $145 monthly.
| Alabama | $122 |
| Alaska | $115 |
| Arizona | $120 |
| Arkansas | $121 |
| California | $137 |
| Colorado | $125 |
| Connecticut | $137 |
| Delaware | $134 |
| Florida | $135 |
| Georgia | $124 |
| Hawaii | $129 |
| Idaho | $120 |
| Illinois | $140 |
| Indiana | $122 |
| Iowa | $119 |
| Kansas | $121 |
| Kentucky | $117 |
| Louisiana | $140 |
| Maine | $108 |
| Maryland | $118 |
| Massachusetts | $134 |
| Michigan | $117 |
| Minnesota | $121 |
| Mississippi | $127 |
| Missouri | $124 |
| Montana | $123 |
| Nebraska | $119 |
| Nevada | $142 |
| New Hampshire | $126 |
| New Jersey | $141 |
| New Mexico | $128 |
| New York | $145 |
| North Carolina | $109 |
| North Dakota | $109 |
| Ohio | $118 |
| Oklahoma | $119 |
| Oregon | $117 |
| Pennsylvania | $142 |
| Rhode Island | $140 |
| South Carolina | $129 |
| South Dakota | $117 |
| Tennessee | $123 |
| Texas | $129 |
| Utah | $121 |
| Vermont | $122 |
| Virginia | $113 |
| Washington | $143 |
| West Virginia | $133 |
| Wisconsin | $122 |
| Wyoming | $117 |
How did we determine these rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on professional liability policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Real Estate Business Insurance Cost for BOP Coverage by State
Business owner's policy rates vary widely for real estate businesses across states. Monthly premiums range from $60 in Alaska to $91 in New York for the same coverage.
| Alabama | $79 |
| Alaska | $60 |
| Arizona | $75 |
| Arkansas | $75 |
| California | $88 |
| Colorado | $78 |
| Connecticut | $86 |
| Delaware | $85 |
| Florida | $85 |
| Georgia | $81 |
| Hawaii | $69 |
| Idaho | $75 |
| Illinois | $84 |
| Indiana | $78 |
| Iowa | $76 |
| Kansas | $79 |
| Kentucky | $73 |
| Louisiana | $75 |
| Maine | $68 |
| Maryland | $74 |
| Massachusetts | $84 |
| Michigan | $74 |
| Minnesota | $75 |
| Mississippi | $81 |
| Missouri | $78 |
| Montana | $79 |
| Nebraska | $74 |
| Nevada | $90 |
| New Hampshire | $79 |
| New Jersey | $91 |
| New Mexico | $82 |
| New York | $91 |
| North Carolina | $69 |
| North Dakota | $70 |
| Ohio | $73 |
| Oklahoma | $64 |
| Oregon | $74 |
| Pennsylvania | $91 |
| Rhode Island | $88 |
| South Carolina | $82 |
| South Dakota | $73 |
| Tennessee | $77 |
| Texas | $79 |
| Utah | $74 |
| Vermont | $78 |
| Virginia | $74 |
| Washington | $88 |
| West Virginia | $85 |
| Wisconsin | $79 |
| Wyoming | $75 |
How did we determine these rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on BOP coverage. Survey results reflect limited sample data and may not represent all available rates in your area.
Factors Affecting Real Estate Business Insurance Cost
Insurance costs for your real estate business are based on several factors that insurance companies review to set premiums. Understanding these factors helps with budget planning. We explain these key elements below.
Geographic location
Your business location affects workers' compensation rates due to local regulations and claim frequencies. Operating in areas prone to natural disasters or with high crime rates increases your risk profile, and state differences create substantial premium variations.
Safety record and claims history
Previous claims impact future premiums, sometimes for three to five years. A single slip-and-fall lawsuit can substantially increase your general liability rates at renewal.
Employee count and payroll
Insurers calculate workers' comp premiums based on your total payroll and job classifications. Adding employees increases your payroll costs, directly impacting your workers' compensation premiums; this is because insurers calculate your rates per dollar of wages paid.
Business size and revenue
Higher annual revenue typically means higher premiums since insurers view larger operations as having greater exposure to claims. For example, a single-agent brokerage earning $200,000 annually pays less than a large firm with multiple offices and $2 million in revenue.
Coverage limits
Higher coverage limits provide better protection but cost more monthly. Choosing between different coverage amounts directly affects your premium, with higher limits increasing costs proportionally.
Credit score and financial stability
In most states, insurers can consider your business credit score when setting rates. A strong credit score can reduce premiums, while poor credit often increases costs substantially.
How to Get Cheap Real Estate Business Insurance
Smart shopping and risk management strategies can lower your real estate business insurance costs, and these proven methods will help reduce your premiums both now and in the future.
- 1
Choose the right coverage types for your business
Understanding what types of business insurance your real estate business needs prevents overpaying for unnecessary coverage. General liability protects against client injuries during property showings, while errors and omissions insurance covers professional mistakes.
- 2
Shop multiple insurance companies
Insurance rates can vary significantly between providers for the same coverage. Request quotes from at least three companies to find the best rates. Consider working with an independent agent who can handle comparison shopping for you.
- 3
Bundle your coverage types
Insurance companies offer substantial discounts when you bundle multiple policies together. Combining general liability, professional liability and commercial property insurance with one carrier typically costs less than separate policies from different providers.
- 4
Increase your deductibles
Choosing higher deductibles reduces your monthly premium costs. You'll pay more out-of-pocket when filing claims, but the monthly savings can be significant if you have adequate cash reserves.
- 5
Pay annually instead of monthly
Most insurance carriers charge additional processing fees for monthly payment plans. Paying your full premium annually eliminates these extra charges and often qualifies you for additional discounts.
- 6
Review and adjust your coverage annually
Your insurance needs change as your real estate business grows. Review your policies yearly to ensure coverage matches your current operations. Remove unnecessary coverage and adjust limits based on your business size and risk exposure.
Insurance for Real Estate Business Cost: Bottom Line
Real estate business insurance costs range from $30 to $125 monthly, with your location, claims history and business size driving your actual premium. Getting quotes from multiple insurers, bundling your policies, choosing higher deductibles and paying annually instead of monthly helps you find more affordable rates.
Real Estate Business Insurance Cost: FAQ
Business owners ask many questions about real estate insurance costs, so we researched and answered the most common questions below.
What is the cheapest type of real estate business insurance?
Workers' compensation insurance costs $30 monthly, but only covers workplace injuries. Most real estate businesses need general liability insurance ($53 monthly) to protect against customer accidents and property damage.
How much can I save by bundling my real estate business insurance policies?
Bundling multiple policies through a BOP offers the most cost-effective insurance solution for real estate businesses, with savings up to 25% compared to separate coverage purchases.
What factors make my real estate business insurance more expensive?
General liability insurance costs $53 per month, making it the most budget-friendly coverage option for real estate businesses. This basic protection covers common workplace accidents and property damage.
Should I choose a $500 or $2,500 deductible for my real estate business insurance?
Higher deductibles lower your monthly premiums, but require larger out-of-pocket costs when filing claims. Base your choice on available cash reserves and claim frequency.
How much does workers' compensation cost for real estate businesses by state?
Workers' compensation rates for real estate businesses range from $26 monthly in Maine to $35 monthly in New York, with costs varying significantly by location and coverage needs.
Is business owner's policy (BOP) worth the extra cost for real estate companies?
BOP insurance costs real estate companies $79 monthly nationwide. The combined coverage for general liability, commercial property and business interruption provides excellent value compared to purchasing individual policies.
How often should I shop around for real estate business insurance quotes?
Shop for new real estate business insurance quotes annually at renewal time. Compare at least three insurers to find better rates, particularly if your business has grown or changed.
How We Determined Real Estate Business Insurance Costs
We collected real estate business insurance quotes from companies across different states. To make sure we compared apples to apples, every quote used the same business setup:
- Two employees (three people total, including the owner)
- $150,000 annual payroll
- $300,000 annual revenue
- Already insured status
- $1 million per occurrence and $2 million total per year for all coverage except BOP, which includes the same limits plus $5,000 business property coverage
This profile represents small real estate businesses requiring comprehensive insurance coverage in most states. We chose companies offering broad national coverage and online quote capabilities, focusing on insurers that actively serve the real estate industry.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.