By: Madhu Bolagani Nov, 08,2018

Raltin’s recent analysis 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 Maryland Insurance Administration.


Every car insurance policy includes coverage limits and deductible amounts, which reflect on the premium prices: “I have comprehensive insurance for the car which I currently have financed. I have the minimum levels for coverage required by my state”: was the feedback from one of the consumers in the raltin survey.
The bodily injury per person, bodily injury per accident, and property damage limits chosen for this study are set at $25,000, $50,000, and $25,000 respectively. The medical payment limit is $1,000, and the collision deductible is $500.

Allstate Property and Casualty Insurance offer the cheapest premium of $409 for senior male drivers, as mentioned above. The second-cheapest premium is offered by Encompass Indemnity Company, at $616, to 30-year-old married men driving 2012 Fords. The third cheapest premium is offered by Allstate, priced at $642, is for 25-year-old single men driving 2010 Chevy Silverado 1500 extended cabs.

The most expensive premium of $9,523 is paid by 18-year-old women who drive 2010 Chevy Silverado cabs and have purchased their insurance from Amica Mutual Insurance Company. The second-most expensive premium is again offered by Amica Mutual Insurance, at $9,192, for women of the same age group but driving a different car: 2010 Toyota Camry LE four-door sedans.

The category of 18-year-old women driving 2010 Chevy Silverado cabs can make the biggest saves in Decatur County by investing in the right company. The difference between the 75th and 25th percentile of insurance premiums for them is $1,353 (60%).

The following graph compares premium rates across customer cohorts in Decatur, Alabama.

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The following table compares car insurance premiums for key cohorts in Decatur County, Alabama and the difference between the 75th and 25th percentile in premium rates.

CohortCheapest car insurance companies in Decatur County, ALMost expensive car insurance companies in Decatur County,ALMedian car insurance companies in Decatur County,AL25th percentile of car insurance premiums in Decatur County,AL75th percentile of car insurance premiums in Decatur County,ALDollar difference between 25th and 75th percentilesPercentage difference between 25th and 75th percentiles
48-year-old single men driving 2012 Chevy Tahoe LS carsProgressive Direct Insurance Company ($671)Amica Mutual Ins Company ($4566)Safeco Insurance Company of Illinois ($1113)National General Insurance Online, Inc. ($938)Mid Century Ins Co ($1478)$54057.57%
18-year-old single women driving 2010 Chevy Silverado 1500 extended cabs with two windowsUnited Services Automobile Association ($1357)Amica Mutual Ins Company ($9523)Meridian Security Insurance Company ($2662)Nationwide General Ins Co ($2255)Integon General Ins Corporation ($3608)$135360.0%
25-year-old single women driving 2010 Toyota Camry LE four-door sedansAllstate Property And Casualty Insurance Company ($745)Amica Mutual Ins Company ($3432)Nationwide Mutual Fire Ins Company ($1211)Integon National Insurance Company ($1072)USAA General Indemnity Co ($1511)$43940.95%
18-year-old single women driving 2010 Toyota Camry LE four-door sedansUnited Services Automobile Association ($1184)Amica Mutual Ins Company ($9192)Victoria Fire & Casualty Co ($2391)Victoria Fire & Casualty Co ($2007)State Farm Fire & Casualty Company ($2890)$88344.0%
62-year-old married men driving 2012 Ford F-250 super duty crew cabsAllstate Property and Casualty Insurance Company ($409)Amica Mutual Ins Company ($3487)Garrison Property and Casualty Insurance Company ($724)Progressive Specialty Ins Company ($564)Victoria Select Insurance Co ($1336)$772136.88%
30-year-old married men driving 2012 Ford F-250 super duty crew cabsEncompass Indemnity Company ($616)Amica Mutual Ins Company ($5630)Nationwide Mutual Fire Ins Company ($1077)Country Mutual ($917)Guideone Elite Insurance Company ($1733)$81688.99%
25-year-old single men driving 2010 Chevy Silverado 1500 extended cabs with two windowsAllstate Property and Casualty Insurance Company ($642)Amica Mutual Ins Company ($2986)State Farm Mutual Automobile Ins Company ($1243)Access Insurance Company ($1052)National General Insurance Online, Inc. ($1428)$37635.74%


ABOUT THE AUTHOR

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Madhu Bolagani

Madhu is a data analyst and engineer at Raltin. His writings are driven by deep data mining and connecting the dots. His areas of expertise include finance, insurance and investing.

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