Real estate pros pay about $72 monthly for business insurance, with costs ranging from $26 to $91 based on coverage needs and location.
Get matched with cheap real estate business insurance below.
Updated: October 14, 2025
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Real estate business insurance costs between $312 and $1,096 annually, varying by your state, coverage needs and specific services.
Your real estate insurance rates depend on location, claims history, services offered and employee count.
Shop multiple business insurers, combine policies, raise your deductibles and pay yearly to cut your real estate insurance expenses.
We found average business insurance costs for real estate companies for commonly needed coverage are as follows:
| BOP | $79 | $943 |
| General Liability | $53 | $635 |
| Professional Liability (E&O) | $125 | $1,505 |
| Workers' Comp | $30 | $360 |
Note: We based these rates on small businesses with two employees across 79 major industries, focusing on four coverage types: general liability, professional liability/errors and omissions (E&O), workers' comp and business owner's policy. Your actual rates will vary based on your specific business factors and location.
Select your industry and state to get a customized quote.
Your real estate business insurance cost for general liability insurance varies by location. Alaska delivers the best value at $41 monthly compared to the $53 national average, while New York costs $62 monthly.
| Alabama | $52 | $627 |
| Alaska | $41 | $490 |
| Arizona | $51 | $611 |
| Arkansas | $51 | $615 |
| California | $60 | $714 |
| Colorado | $53 | $636 |
| Connecticut | $58 | $697 |
| Delaware | $57 | $688 |
| Florida | $58 | $694 |
| Georgia | $54 | $651 |
| Hawaii | $46 | $548 |
| Idaho | $51 | $608 |
| Illinois | $59 | $704 |
| Indiana | $52 | $625 |
| Iowa | $51 | $610 |
| Kansas | $52 | $623 |
| Kentucky | $50 | $599 |
| Louisiana | $51 | $609 |
| Maine | $46 | $556 |
| Maryland | $51 | $612 |
| Massachusetts | $56 | $673 |
| Michigan | $51 | $607 |
| Minnesota | $50 | $601 |
| Mississippi | $54 | $644 |
| Missouri | $53 | $633 |
| Montana | $53 | $638 |
| Nebraska | $51 | $606 |
| Nevada | $61 | $732 |
| New Hampshire | $53 | $638 |
| New Jersey | $61 | $727 |
| New Mexico | $54 | $645 |
| New York | $62 | $748 |
| North Carolina | $46 | $556 |
| North Dakota | $46 | $558 |
| Ohio | $50 | $595 |
| Oklahoma | $43 | $519 |
| Oregon | $50 | $596 |
| Pennsylvania | $62 | $741 |
| Rhode Island | $59 | $705 |
| South Carolina | $55 | $661 |
| South Dakota | $50 | $599 |
| Tennessee | $52 | $625 |
| Texas | $54 | $647 |
| Utah | $51 | $614 |
| Vermont | $51 | $615 |
| Virginia | $49 | $584 |
| Washington | $61 | $729 |
| West Virginia | $56 | $673 |
| Wisconsin | $52 | $629 |
| Wyoming | $49 | $593 |
Note: We based these general liability rates on real estate businesses with two employees across different states. Your rates will vary based on your location, claims history and the types of services you provide.
The cost of workers' compensation insurance for real estate businesses differs across states. Maine provides the most affordable coverage at $26 monthly, while New York reaches $35 monthly. Our analysis shows state regulations and claim histories drive these pricing differences.
| 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 |
Note: We based these workers' comp rates on real estate businesses with two employees across different states. Your workers' comp requirements and costs will vary by state since each has different regulations.
Your professional liability cost will vary by state. Nationwide, this coverage averages $125 monthly. Maine offers the most affordable rates at $108 monthly, while New York ranks 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 |
Note: We based these professional liability rates on real estate businesses with two employees across different states. Your actual rates will depend on your services offered and location.
Real estate business insurance costs vary based on your state's regulations and risk factors. BOP insurance cost ranges from $60 monthly in Alaska to $91 in New York for the same coverage level.
Alaska offers the most affordable rates at $60 per month, while New York has the highest premiums.
This $31 monthly difference adds up to $372 annually between the cheapest and most expensive states for identical real estate business 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 |
Note: We based these BOP rates on real estate businesses with two employees across different states. Your actual rates will vary based on your business size, location, and coverage needs.
Real Estate business insurance costs vary widely by provider, ranging from $51 to $119 monthly. These price differences reflect each insurer's market focus and strategic priorities, which shift based on profitability and coverage expansion opportunities.
| Chubb | $86 | $1,029 |
| Coverdash | $80 | $958 |
| Hiscox | $67 | $801 |
| NEXT Insurance | $51 | $609 |
| Nationwide | $119 | $1,430 |
| Progressive Commercial | $70 | $839 |
| Simply Business | $70 | $841 |
| The Hartford | $60 | $718 |
| Thimble | $74 | $888 |
| biBERK | $54 | $648 |
Real estate business insurance costs depend on multiple factors insurers consider when determining your policy rates.
Real estate markets and regulatory environments vary tremendously by state. Agents working in areas with aggressive disclosure laws or frequent litigation over transactions encounter higher errors and omissions premiums.
Errors and omissions claims can stem from disclosure failures, contract mistakes or boundary disputes. Any history of lawsuits alleging professional negligence will impact your insurance costs substantially, often for five years or longer.
Residential home sales present standard risk for real estate professionals. Agents specializing in commercial properties, land development or luxury estates face different liability exposures due to transaction complexity and higher dollar values involved.
Brokerages with multiple agents multiply their exposure to potential claims across every transaction. Solo agents pay considerably less than firms managing teams of 10 or 20 agents handling hundreds of deals annually.
Traditional buyer and seller representation carries baseline professional liability. Firms expanding into property management, leasing or real estate investment consulting add operational layers that require broader coverage at increased premiums.
Transaction volume and gross commission income signal your claim exposure to underwriters. Independent agents closing $100,000 in commissions annually operate at completely different scales than brokerages generating $2 million across multiple markets.
Errors and omissions policies protect against professional mistakes that cost clients money. Many agents carry $1 million in coverage, though those handling high-value transactions or commercial deals often purchase $2 million limits for enhanced protection.
Real estate operations rely heavily on computers, marketing materials and office infrastructure. Brokerages with physical locations, multiple workstations and client databases need property coverage beyond what independent agents working from home require.
Years in the industry and professional designations matter when insurers evaluate risk. Newly licensed agents without transaction history face steeper rates than veteran Realtors with decades of clean dealing records.
Cutting your real estate business insurance costs takes smart planning and careful comparison, and our step-by-step guide can help you do it effectively. Follow these proven strategies to secure the best cheap business insurance for your real estate business while strengthening your risk profile for long-term savings.
Real estate professionals need professional liability (E&O) for misrepresentation claims, disclosure failures, and contract errors that cost clients money, plus general liability for injuries during property showings and open houses.
Add cyber liability for client data breaches, commercial property for office space and equipment, employment practices liability if you have agents or staff, and commercial auto if agents use personal vehicles for business.
Real estate insurance costs vary based on whether you're a solo agent, brokerage owner, or property manager handling rentals and HOAs. Real estate-focused insurers understand state licensing requirements, commission disputes and fiduciary responsibilities better than general carriers.
Combining professional liability, general liability, and cyber coverage saves 16% to 24% compared to purchasing separately. Many insurers offer real estate packages that include employment practices liability and office property coverage at reduced bundle rates.
Higher E&O deductibles of $2,500 to $10,000 can reduce premiums by 20% to 30%, but consider that defense costs for lawsuits can reach $50,000-$100,000 even when you're not at fault. Keep general liability deductibles low since slip-and-falls at properties or open houses can lead to costly injury claims.
Monthly installment plans add 5% to 10% in processing fees, which, on a $3,500 policy, costs $175 to $350 extra annually. Paying annually eliminates these charges and earns 6% to 8% discounts from real estate carriers.
Review your policy whenever you hire agents, expand into property management or commercial real estate, or increase transaction volume and commission amounts.
If you've implemented compliance training, client communication systems, or transaction management software, these risk management improvements can qualify for premium discounts.
Real estate business insurance costs between $26 and $91 per month, though your exact premium depends on factors such as your location, claims history and business size. You can often lower your costs by comparing quotes from several insurers, bundling your policies, opting for higher deductibles and choosing to pay annually instead of monthly.
Real estate business owners commonly ask about insurance costs. We answered the most frequent questions below:
Workers' compensation offers the lowest cost at $30 monthly, though it only covers employee injuries. Most real estate businesses require general liability coverage ($53 monthly) for protection against customer accidents and property damage claims.
You'll pay more in these states. General liability in California runs $60 monthly (vs. $53 national average), and BOP costs $88 monthly (vs. $79 average). New York is similar at $62 and $91, respectively.
Bundling delivers greater savings compared to purchasing individual policies. Insurance companies provide discounts when you package general liability, commercial property and commercial auto coverage together under one provider.
Higher premiums result from multiple risk factors: operating in crime-prone areas, handling valuable properties, previous liability claims, managing larger teams, and maintaining poor credit history.
Higher deductibles reduce monthly premiums, though you'll pay more upfront during claims. Consider your available cash reserves and expected claim frequency.
Workers' compensation costs for real estate businesses vary by state, spanning from $26 monthly in Maine to $35 monthly in New York.
Yes, BOP insurance is worth the extra cost for real estate companies. BOP insurance averages $79 monthly for real estate businesses and bundles general liability, commercial property and business interruption coverage. The combined package costs less than purchasing individual policies separately, making it a smart investment.
Shop annually when your policy renews. Comparing quotes from multiple insurers can uncover savings, especially after business changes like hiring staff or expanding services.
We collected real estate business insurance quotes from companies across different states. For consistent comparisons, every quote used the same business setup:
We used a typical small real estate business profile requiring comprehensive coverage. We chose companies offering broad national coverage and online quote capabilities, prioritizing insurers that 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!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
