By: Ishan Mukhopadhyay Jul. 31, 2018

A recent analysis by Raltin on car insurance policies in Lincoln City, Nebraska, shows that 44-year-old female employees (employed for more than 10 years) pay the cheapest half-yearly premiums at $341. On the other hand, 17-year-old single male drivers incur the most expensive premium rates starting at $963. Raltin uses data published by the Nebraska Department of Insurance for the study and focuses on the 2012 Toyota Camry LE with four doors. The coverage criteria for the insurance premiums are as follows: the deductible for comprehensive and collision are $250 and $100, the bodily injury per person and property damage per accident limit are $100,000 each, and the bodily injury per accident limit is $300,000.

Mid Century Insurance Company reports the most expensive premium ($3,760) for 17-year-old single males and the second highest premium ($3,637) for 17-year-old single females.

United Services Automobile Association offers the cheapest premium of $341 for 44-year-old female employees (employed for more than 10 years) and the next cheapest premium ($348) for 65-year-old retired married males.

A 17-year-old single male is likely to be charged significantly high premium rates; however, choosing the right insurance policy could considerably increase savings. This claim is supported by the fact that this cohort reports the greatest difference between the 75th and 25th percentile in premium rates at $1,388 (107.1%). The second most significant difference at $1,224 (105.25%) is observed for premiums paid by 17-year-old females.

The following graph compares premium rates across cohorts in Lincoln City, Nebraska.

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The following table compares car insurance premiums for key cohorts in Lincoln City, Nebraska, and the differences between the 75th and 25th percentile in premium rates.

CohortCheapest Car Insurance Companies in Lincoln, NEMost Expensive Car Insurance Companies in Lincoln, NEMedian Car Insurance Companies in Lincoln, NE25th Percentile of Car Insurance Premiums in Lincoln, NE75th Percentile of Car Insurance Premiums in Lincoln, NEDifference between 25th and 75th Percentiles (in dollars)Difference between 25th and 75th Percentiles (%)
21-year-old single male studentsUnited Services Automobile Association ($626)State Farm Fire & Casualty Co. ($1,856)Allied Property & Casualty Insurance Co. ($1,285)Progressive Universal Insurance Co. ($997)Allstate Fire & Casualty Insurance Co. ($1,577)$58058.17%
65-year-old retired married malesUnited Services Automobile Association ($348)Allstate Fire & Casualty Insurance Co. ($1,084)Shelter Mutual Insurance Co. ($543)Progressive Northern Insurance Co. ($454)State Farm Fire & Casualty Co. ($692)$23852.42%
17-year-old single femalesAmerican Family Mutual Insurance Co. ($894)Mid Century Insurance Co. ($3,637)State Farm Mutual Auto Insurance Co. ($2,094)Farm Bureau Property & Casualty Co. ($1,163)Progressive Universal Insurance Co. ($2,387)$1,224105.25%
17-year-old single malesAmerican Family Mutual Insurance Co. ($963)Mid Century Insurance Co. ($3,760)Progressive Northern Insurance Co. ($2,635)United Services Automobile Association ($1,296)Shelter Mutual Insurance Co. ($2,684)$1,388107.1%
44-year-old married female employees (employed for more 10 years)United Services Automobile Association ($341)Mid Century Insurance Co. ($1,326)State Farm Mutual Auto Insurance Co. ($655)American Family Mutual Insurance Co. ($455)State Farm Fire & Casualty Co. ($783)$32872.09%
21-year-old single female studentsUnited Services Automobile Association ($537)State Farm Fire & Casualty Co. ($1,535)Farm Bureau Property & Casualty Co. ($1,228)Progressive Universal Insurance Co. ($900)Allstate Fire & Casualty Insurance Co. ($1,431)$53159.0%


ABOUT THE AUTHOR

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Ishan Mukhopadhyay

Ishan has over 5 years of experience as a freelance journalist and a content writer. He graduated from The English and Foreign Languages University and holds a Masters degree from the University of Hyderabad. Apart from the English language, Ishan's other passion is data driven journalism.

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