Finance Data, News, Research & Tools



Car insurance premiums in Nashua, New Hampshire, vary by $818 based on driver’s record and background

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By: Madhu Bolagani Nov, 14,2018

Raltin’s recent analysis of car insurance premiums for Nashua, New Hampshire, shows that the lowest insurance premiums in the city are paid by 72-year-old married drivers without traffic violation in the past three years. Insurance quotes for this category of drivers start at $363. On the other hand, the highest premiums are paid by 44-year-old married drivers with one traffic violation in the last three years. Quotes for them begin at $1,181. Thus a driver’s background, age and record can lead to a difference of $818 in insurance premiums

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In Boulder, Colorado, the cheapest car insurance premiums are paid by middle-aged married men

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By:  Ishan Mukhopadhyay Nov. 13, 2018

In its recent analysis on car insurance policies in Boulder, CO, Raltin shows that married male drivers pay the lowest premium of $318, whereas 21-year-old single male drivers incur the most expensive premium of $6,435. To conduct the study, Raltin uses data published by the Colorado Department of Regulatory Agencies Division of Insurance.

Car insurance premiums are based on factors such as car model, driver age, coverage limit, deductible value, annual miles, and marital status. The vehicle chosen for the study is a 2012 Ford Fusion S FWD, 2.5 liter Duratec L4 Engine, 6-speed car. In addition, the following assumptions are made: the underinsured motorist per occurrence limit ranges between $50,000 and $3,00,000; the uninsured motorist per person limit is $25,000, $50,000, or $100,000; the property damage limit is $50,000; the per occurrence bodily injury limit ranges from $50,000 to $300,000; the bodily injury per person limit is $25,000, $50,000, or $100,000. In addition, the age range for all driver segments is between 21 and 68 years. Further, all drivers have a clean driving history and no accident record in the past three years. The drivers report driving about 30 miles to and from work every day.

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In Florence, AL, car insurance rates differ widely among the top 4 companies

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By: Madhu Bolagani Nov, 12,2018

Raltin’s recent analysis of car insurance prices in Florence, Alabama, revealed that the top four companies by market-share are State Farm Fire & Casualty, Allstate Property and Casualty Insurance, Alfa Mutual Insurance Company, and Progress Special Insurance. Further, the cheapest premiums in the city are paid by 25-year-old single men driving 2010 Chevy Silverado 1500 extended cabs, whereas 18-year-old single women driving 2010 Toyota Camry LE four-door sedans pay the most expensive premiums. The data for this analysis was sourced from the Alabama Department of Insurance.

The following parameters were used to filter the data: bodily injury per person, bodily injury per accident, and property damage limits were set at $25,000, $50,000, and $25,000 respectively. Collision deductible was chosen as $500, and the medical payment limit was $1,000.

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Low-end car insurance prices in Manchester, New Hampshire, start at $430

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By:  Ishan Mukhopadhyay Nov. 09, 2018

According to a recent Raltin analysis in Manchester, New Hampshire, the cheapest car insurance price starts at $430. The study focuses on the premiums offered by different companies in Manchester. It appears that prices differ by a driver’s background and driving record. The cheapest premium rates range between $430 and $1,400. Progressive Northern Insurance, for example, offers the cheapest quote for 72-year-old married drivers who have no traffic violation over the past three years.

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Car insurance premiums in Decatur County, Maryland, are the lowest for senior, married drivers

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By: Madhu Bolagani Nov, 08,2018

Raltin’s recent survey of car insurance prices in Decatur County, Alabama, showed that the cheapest premiums ($409) are paid by 62-year-old married men driving 2012 Ford F-250 super duty crew cabs. On the other hand, the most expensive premiums in the county are paid by 18-year-old single women driving 2010 Chevy Silverado 1500 extended cabs with two windows. Raltin retrieved the data for this analysis from the Alabama Department of Insurance. The bodily injury per person, bodily injury per accident, and property damage limits for this study have been set at $25,000, $50,000, and $25,000 respectively. The medical payment limit is $1,000, and the collision deductible is $500.

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Car insurance prices in Calvert, Maryland, can change by $3,112 depending on the driver’s background

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By:  Ishan Mukhopadhyay Nov. 07, 2018

A recent Raltin analysis of car insurance quotes in Calvert, Maryland, found that the lowest premiums are paid by 65-year-old single male drivers, with prices starting as low as $395. On the other hand, the highest premiums are paid by families with young drivers, with rates starting at $3,507. Thus, a driver’s background can lead to a difference of at least $3,112. For this analysis, Raltin sourced data published by the Maryland Insurance Administration. The liability limit chosen for this survey ranges between $50,000 and $500,000. The collision deductible and the comprehensive deductible values are $250 and $500 respectively.

Raltin analyzed drivers in Calvert in terms of population cohorts. For families with young drivers, who usually paid the most expensive premiums, the policy priced at $3,507 is offered by Privilege Underwriters Reciprocal Exchange. The median premium for this cohort comes from AIG Property & Casualty Company, at $7,786. The second-most expensive premiums are paid by 23-year-old single female drivers. Prices start at $1,172, offered by GEICO Casualty Company.

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In Auburn County, Florida, car insurance rates differ by $1,259 between the cheapest and most expensive companies

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By: Madhu Bolagani Nov, 06,2018

A good indicator of how much a customer can save on car insurance is the difference between the median and cheapest insurance policies. Raltin compared these two policies for different types of drivers in Auburn, grouped by their driving background and the cars they drive. The report suggests that drivers can save between $335 and $1,259 on their car insurance premiums.  Data for this analysis has been obtained from the Alabama Department of Insurance. The largest difference between two car insurance policies is $1,259, and it is for 18-year-old single women driving 2010 Chevy Silverado 1500 extended cabs. The lowest difference is for 62-year-old married men driving Ford F-25 super duty cabs.

While buying auto insurance, customers are usually asked to choose their coverage limits, deductible values, and medical payment limits. For this survey, the following coverage limit and deductible values were used as reference points: bodily injury per person, bodily injury per accident, and property damage of $25,000, $50,000, and $25,000 respectively. The collision deductible was $500, and the medical payment limit was $1,000.

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Car insurance rates in Brevard County, Florida, widely vary for younger drivers

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By:  Ishan Mukhopadhyay Nov. 05, 2018

According to a recent Raltin analysis on car insurance quotes in Brevard County, Florida, families with young drivers report the highest savings in premium rates between the 75th and 25th percentiles; the savings for this cohort amount to $5,708 (127.81%). Senior married drivers report the second highest savings of $1,034 (102.27%). This study uses raw data from the Florida Office of Insurance Regulation.

A car insurance agreement has several components. The Raltin survey considers the following components as reference points: an uninsured motorist limit and bodily injury limit ranging between $25,000 and $100,000; property damage limit between $50,000 and $100,000; deductibles for comprehensive and collision of $250 and $500; personal injury protection limit of $10,000; and medical payment limit of $5,000. In terms of car models, this survey focuses on the Toyota Camry LE and Toyota Corolla LE.

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Car insurance savings in Allegany, Maryland, vary by as much as $3,034

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By: Madhu Bolagani Nov, 02,2018

Raltin’s recent analysis on car insurance quotes in Allegany, Maryland, shows that drivers save between $365 and $3,034. Families with young drivers report the highest difference of $3,034 between the cheapest and median car insurance prices. For this cohort, United Services Automobile Association offers the cheapest premium of $3,316 and IDS Property Casualty Insurance Company reports the median premium of $6,350.

The study uses survey data from the Maryland Insurance Administration. Car insurance agreements cover categories such as deductible amounts, coverage limits, and model types, which can influence premium rates. This analysis considers the following parameters: property damage limits between $50,000 and $100,000; personal injury protection limit of $10,000; uninsured motorist limit and bodily injury limit between $25,000 and $100,000; comprehensive and collision deductibles of $250 and $500; and a medical payment limit of $5,000. The survey focuses on the following vehicles: Toyota Camry LE and Toyota Corolla LE.

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Low-end car insurance premiums in Palm Beach County, Florida, start at $1,133

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By:  Ishan Mukhopadhyay Nov. 01, 2018

Car insurance prices in Palm Beach County, FL, start at $1,133, according to Raltin’s recent analysis. Florida Farm Bureau General Insurance Company offers this premium plan for married drivers aged above 65 years. This study focused on car insurance quotes offered by different companies in Palm Beach. Quotes change according to the driver’s background and driving record. The cheapest premium rates ranged between $1,133 and $5,260.

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