By: Ishan Mukhopadhyay Sep. 07, 2018

Raltin’s recent survey of car insurance premium rates in Montgomery, Alabama, revealed that 25-year-old single men driving a Chevy Silverado 1500 extended cab can save the most ($715) between the median and cheapest priced policies. For this analysis, Raltin used data from the Alabama Department of Insurance. The collision deductible was set at $500. Bodily injury per person, bodily injury per accident, and property damage limits were set at $25,000, $50,000, and $25,000 respectively. The medical payment limit was $1,000.

Below are Raltin’s takeaways for the 5 cohorts analyzed:

18-year-old single female drivers: The car analyzed for this cohort is a 2010 Toyota Camry LE four-door sedan. The cheapest premium rate at $756 is offered by Integon Indemnity Corporation. The median premium rate at $1223 is offered by Alfa Mutual General Insurance Company. The most expensive premium rate is offered at $4,741 by Amica Mutual Insurance Company.

25-year-old single female drivers: The car analyzed for this segment is the same as with the previous one. The cheapest premium rate at $745 is offered by Allstate Property Casualty Insurance Company. The most expensive premium rate is offered by Amica Mutual Insurance Company, at $3432. The difference between the 75th and 25th percentile in premium rates is the lowest for this cohort, at 29.05%.

30-year-old married male drivers: The car analyzed for this cohort of drivers is a 2012 Ford F-250 super duty crew cab. The cheapest premium rate at $647 is offered by Allstate Property and Casualty Insurance Company. The most expensive premium rate at $5,841 is offered by Amica Mutual Insurance Company. The median insurance premium rate is $1,221, and it is offered by Nationwide General Insurance Company.

25-year-old male drivers: The car analyzed for this cohort is a Chevy Silverado 1500 extended cab. The cheapest premium rate at $665 is offered by both Allstate Property and Casualty Insurance Company. The most expensive premium rate is $3,078, and it is offered by Progressive Direct Insurance Company. The median insurance premium rate is $1,380, and it is offered by Progressive Direct Insurance Company.

62-year-old married males: The car analyzed for this cohort is a 2012 Ford F-250 super duty crew cab. The cheapest premium rate at $419 is once again offered by Allstate Property and Casualty Insurance Company. The median insurance premium rate is $633, and it is offered by County Preferred Insurance Company. The difference between the 75th and 25th percentile in premium rates is the highest among all the cohorts, at 53.49%.

The following chart compares insurance rates by cohort.

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The following table compares the car insurance premium rates for key cohorts in Montgomery, AL, along with the names of the companies and the differences between the 75th and 25th percentile in premium rates.

CohortCheapest Car Insurance Companies in Montgomery, ALMost Expensive Car Insurance Companies in Montgomery, ALMedian Car Insurance Companies in Montgomery, AL25th Percentile of Car Insurance Premiums in Montgomery, AL75th Percentile of Car Insurance Premiums in Montgomery, ALDollar Difference between the 75th and 25th PercentilesPercentage Difference between 75th and 25th Percentiles
18-year-old single female drivers with a 2010 Toyota Camry LE four-door sedanIntegon Indemnity Corporation ($756)Amica Mutual Ins Company ($4,741)Alfa Mutual General Insurance Co ($1,223)California Casualty Indemnity Exchange ($982)Victoria Fire & Casualty Co ($1,630)$64839.75%
25-year-old single female drivers with a 2010 Toyota Camry LE four door SedanAllstate Property And Casualty Insurance Company ($745)Amica Mutual Ins Company ($3,432)Progressive Direct Insurance Company ($1,239)Integon National Insurance Company ($1,072)USAA General Indemnity Co ($1,511)$43929.05%
30-year-old married male drivers with a 2012 Ford F-250 super duty crew cabAllstate Property And Casualty Insurance Company ($647)Amica Mutual Ins Company ($5,841)Nationwide General Ins Co ($1,221)Alfa Mutual Insurance Company ($1,003)Guideone America Insurance Company ($1,616)$61337.93%
25-year-old single male drivers with a Chevy Silverado 1500 extended cabAllstate Property And Casualty Insurance Company ($665)Amica Mutual Ins Company ($3,078)Progressive Direct Insurance Company ($1,380)California Casualty Indemnity Exchange ($1,101)Victoria Select Insurance Co ($1,561)$46029.47%
62-year-old married male drivers with a 2012 Ford F-250 super duty crew cabAllstate Property And Casualty Insurance Company ($419)Amica Mutual Ins Company ($3,617)Alfa Mutual General Insurance Co ($840)Country Preferred Insurance Company ($633)Victoria Fire & Casualty Co ($1,361)$72853.49%


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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