By: Ishan Mukhopadhyay Aug. 30, 2018

Raltin’s recent analysis on car insurance policies in Huntington, West Virginia, shows that the cheapest premium of $208 is paid by 62-year-old married drivers. The most expensive premium rate, on the other hand, starts at $875 and is paid by 48-year-old married male drivers. For this analysis, Raltin uses data published by the 2014 West Virginia Annual Automobile Survey.

Liberty Insurance Corporation charges the most expensive premium at $5,236 to 48-year-old married male applicants who drive 20,000 miles annually. The second most expensive premium rate ($762) is offered by Erie Insurance Property and Casualty Company and paid by 25-year-old single female applicants who drive 20,000 miles annually.

The cheapest premium of $208 is offered by American Select Insurance Company to 62-year-old married drivers. The next cheapest premium rates are $243 for 18-year-old single male applicants who drive 10,000 miles annually and $248 for 25-year-old single male applicants who drive 20,000 miles annually.

It appears that 25-year-old single female applicants who drive roughly 20,000 miles a year are likely to be charged a very high premium. Nevertheless, there are significant opportunities for savings if drivers make smart choices. This claim is supported by the finding that the above-mentioned cohort reports the greatest difference between the 75th and 25th percentile in premium rates, that is, $1,538 (132.13%). The second most significant difference is $1,747 (127.80%) and is observed for 18-year-old married male drivers.

The following graph compares the premium rates across cohorts in Huntington, WV.

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The following table compares the car insurance premiums for key cohorts in Huntington, West Virginia, and the differences between the 75th and 25th percentile in premium rates.

CohortCheapest car insurance companies in Huntington, WVMost expensive car insurance companies in Huntington, WVMedian car insurance companies in Huntington, WV25th percentile of car insurance premiums in Huntington, WV75th Percentile of car insurance premiums in Huntington, WVDifference between 25th and 75th percentiles (in dollars)Difference between 25th and 75th percentiles (%)
48-year-old married female applicants driving 20,000 miles annuallyAmerican Select Insurance Company ($252)Liberty Insurance Corporation ($1,929)Allstate Property and Casualty Insurance Company ($606)Encompass Home and Auto Insurance Company ($441)First Liberty Insurance Corporation ($876)$43598.64%
18-year-old single female applicants driving 10,000 miles annuallyAmerican Select Insurance Company ($248)Liberty Insurance Corporation ($1,929)GEICO Choice Insurance Company ($598)Titan Indemnity Company ($442)First Liberty Insurance Corporation ($876)$43498.19%
62-year-old married male applicants driving 12,000 miles annuallyAmerican Select Insurance Company ($208)Liberty Insurance Corporation ($1,842)Teachers Insurance Company ($551)Encompass Insurance Company of America ($394)State Auto Property and Casualty Insurance Company ($805)$411104.31%
35-year-old married male applicants driving 20,000 miles annuallyAmerican Select Insurance Company ($351)Liberty Insurance Corporation ($2,605)Safeco Insurance Company of America ($743)Encompass Home and Auto Insurance Company ($592)First Liberty Insurance Corporation ($1,176)$58498.65%
35-year-old married female applicants driving 20,000 miles annuallyUnited Services Automobile Association ($327)Peak Property and Casualty Insurance Corporation ($1,946)Allstate Property and Casualty Insurance Company ($626)Economy Premier Assurance Company ($559)Liberty Mutual Fire Insurance Company ($974)$41574.24%
25-year-old single female applicants driving 20,000 miles annuallyErie Insurance Property and Casualty Company ($762)American Select Insurance Company ($4,399)Nationwide Insurance Company of America ($1,603)Farmers and Mechanics Fire & Casualty Insurance Company ($1,164)Lm General Insurance Company ($2,702)$1,538132.13%
25-year-old single male applicants driving 20,000 miles annuallyAmerican Select Insurance Company ($248)Liberty Insurance Corporation ($1,929)Allstate Property and Casualty Insurance Company ($606)Victoria Fire and Casualty Company ($443)First Liberty Insurance Corporation ($876)$43397.74%
62-year-old married female applicants driving 12,000 milesAmerican Select Insurance Company ($208)Liberty Insurance Corporation ($1,842)Teachers Insurance Company ($551)Titan Indemnity Company ($422)GEICO Advantage Insurance Company ($791)$36987.44%
48-year-old married male applicants driving 20,000 milesAmerican Select Insurance Company ($875)Liberty Insurance Corporation ($5,236)Victoria Fire & Casualty Company ($1,915)GEICO Choice Insurance Company ($1,367)Liberty Mutual Fire Insurance Company ($3,114)$1,747127.80%
18-year-old single male applicants driving 10,000 miles annuallyMetropolitan Property and Casualty Insurance Company ($243)Liberty Insurance Corporation ($1,929)Safeco Insurance Company of America ($598)Encompass Home & Auto Insurance Company ($441)GEICO Secure Insurance Company ($891)$450102.04%


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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