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: December 29, 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:
| BOP | $79 | $943 |
| General Liability | $53 | $635 |
| Professional Liability (E&O) | $125 | $1,505 |
| Workers' Comp | $30 | $360 |
*These rates apply to 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 business factors and location.
Select your industry and state to get a customized quote.
General liability insurance for real estate businesses costs $53 monthly on average. Alaska has the lowest rate at $41 monthly, while it costs $62 in New York.
| 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 |
*These rates are for real estate businesses with two employees. Your cost depends on location, claims history and services offered.
Workers' compensation insurance for real estate businesses costs $26 to $35 monthly, depending on your state. Maine has the lowest rate at $26 monthly, and New York has the highest at $35. State regulations and claim histories determine these costs.
| 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 |
*These rates reflect real estate businesses with two employees. Each state sets its own workers' comp requirements and pricing.
Professional liability insurance costs $125 monthly on average for real estate businesses. In Maine, it costs $108 monthly, and it's $145 in New York.
| 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 |
*These rates reflect real estate businesses with two employees. Your cost depends on services offered and location.
BOP insurance for real estate businesses costs $60 to $91 monthly, depending on your state. Alaska's monthly rate is $60, and New York's is $91. The $31 monthly difference equals $372 annually.
| 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 |
*These rates reflect real estate businesses with two employees. Your cost depends on business size, location and coverage needs.
Real estate business insurance costs $51 to $119 monthly, depending on your insurer. Rates vary because insurers target different markets and adjust pricing based on profitability.
| 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 by state. Agents working in areas with aggressive disclosure laws or frequent litigation over transactions pay 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 raises your insurance costs, often for five years or longer.
Residential home sales carry standard risk for real estate professionals. Agents specializing in commercial properties, land development or luxury estates deal with higher liability exposures because these transactions involve more complexity and larger dollar amounts.
Brokerages with multiple agents have greater exposure to 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 need broader coverage at higher premiums.
Transaction volume and gross commission income show underwriters your risk level. Independent agents closing $100,000 in commissions annually have much lower risk 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.
Insurers consider your industry experience and professional designations when pricing coverage. Newly licensed agents without transaction history pay higher rates than veteran realtors with decades of clean records.
Lower your real estate business insurance costs with smart shopping and strategic decisions. Follow these steps to find affordable coverage and reduce long-term expenses.
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 and commercial property for office space and equipment. Consider 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 to $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 $26 to $91 monthly, but your exact premium depends on your location, claims history and business size. You can lower costs by comparing quotes from multiple insurers, bundling policies, choosing higher deductibles and paying annually.
Real estate business owners commonly ask about insurance costs. We answered the most frequent questions below:
Workers' compensation costs $30 monthly but covers only employee injuries. Most real estate businesses need general liability coverage ($53 monthly) to cover costs from customer accidents and property damage claims.
California's rates are $60 monthly for general liability (vs. $53 national average) and $88 monthly for BOP (vs. $79 average). In New York, the rates are $62 and $91.
Bundling saves more than buying individual policies. Insurers discount packages that combine general liability, commercial property and commercial auto coverage.
Your premiums increase if you operate in crime-prone areas, handle valuable properties, have previous liability claims, manage larger teams or maintain poor credit history.
Higher deductibles reduce monthly premiums but increase your out-of-pocket costs when filing claims. Choose based on your cash reserves and how often you expect to file claims.
Workers' compensation costs $26 to $35 monthly, depending on your state. Rates in Maine average $26 monthly, and New York averages $35.
BOP insurance costs $79 monthly and bundles general liability, commercial property and business interruption coverage. The package costs less than buying each policy separately.
Shop annually when your policy renews. Compare quotes from multiple insurers to find savings, especially after hiring staff or expanding services.
Real estate businesses have certain liability risks, from client injuries during property showings to professional negligence claims after transactions close. We gathered quotes from insurers across states to show you what coverage actually costs for a business like yours.
Every quote reflects the same two-employee real estate business (three people total, including the owner) with $150,000 annual payroll and $300,000 annual revenue. This represents a typical small agency or brokerage that needs comprehensive protection.
We requested $1 million per occurrence and $2 million aggregate coverage limits for general liability, workers' compensation and professional liability. These limits protect you if a client sues for injuries during a showing or claims you provided bad advice that cost them money. For BOP quotes, we used these same liability limits plus $5,000 business property coverage to protect office equipment and supplies.
Why these specific numbers? Most real estate businesses operate with two to three people, and $1 million per occurrence coverage meets the requirements in most commercial leasing agreements. We quoted businesses that already carried insurance because you'll likely pay different rates if you're currently uninsured or switching from a lapsed policy.
We focused on insurers offering national coverage and online quotes to ensure you can access these rates regardless of your location. The companies we analyzed actively serve real estate professionals and can bind coverage for your specific needs.
Your actual cost will differ based on your state, claims history and whether you handle commercial or residential properties. High-value commercial transactions typically cost more to insure than residential sales.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in 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.
