By: Ishan Mukhopadhyay Oct. 05, 2018
Raltin studied 90 car insurance companies in the city of Macon, GA, and found that Coast National Insurance Company offers the lowest car insurance premium at $877. The analyzed data was gathered from the Office of Insurance and Safety Fire Commissioner, and premiums were compared only for 2012 Toyota Camry, 6-cylinder, 4-door sedans. The premium rates were for a specific customer type: 30-year-old females with one speeding ticket in the past 12 months. The company with the second lowest premium of $1060 is National General Assurance Company, while Safeco Insurance Company of Illinois is third in the list with $1099.
Insurance companies calculate their premiums based on certain consumer variables. Statistics reveal that adults between 25 to 65 years of age are much less prone to accidents than drivers aged under 25. Also men under the age of 25 are involved in more per-mile accidents than any other gender groups of the same age. Married couples are also less prone to accidents than singles, as per data. These factors plus the customer's driving records influence the insurance quote.
If we take the standard customer to be a 30-year-old married female with one speeding ticket in the past 12 months, we find that the median premium liability per person is $987 in Macon—this is very close to the state average of $953. Liability coverage compensates for bodily harm and property damage costs for accidents caused by the insurance owner.
Comprehensive and collision coverage pays for car damage in case of a collision or other mishaps like the car getting stolen or being damaged by a fallen tree. In Macon, the median Comp & Col premium is $1006, which is almost consistent with the state average of $1024.
Another important component of your insurance premium is uninsured/underinsured motorist protection. It covers accidents that involve a motorist without an insurance. According to the Insurance Research Council, one out of every eight drivers today maybe uninsured. In Macon, the median rate for reduced uninsured motorist premium is $83 and that for the add-on uninsured motorist premium is $126.