By: Ishan Mukhopadhyay Jul. 03, 2018
According to a Raltin survey of car insurance premiums in Louisville, Kentucky, consumers can save between $902 and $5,353 depending on the companies they choose. The survey uses information from the latest auto and home insurance guide published by the Kentucky Department of Insurance. The results show the greatest difference between the median and cheapest car insurance prices for 52-year-old married men with 35 years of driving experience. The cheapest car insurance policy for this driver cohort is offered by Unitrin Direct Property & Casualty Company, while the median policy rate of $8,109 is offered by Liberty Mutual Fire Insurance Company.
For 45-year-old divorced men with 29 years of driving experience, the cheapest premium of $2,412 is offered by USAA General Indemnity Company. The difference from the median rate for this cohort is a significant $4,586. As for 23-year-old single men with seven years of driving experience, this difference is $1,342. For this cohort as well, Cincinnati Insurance Company offers the cheapest rate at $882.
For the 45-year-old divorced men, the most expensive premium is $49,472 and offered by Alfa Specialty Insurance Corporation. Nevertheless, consumers can save up to $4,586 by buying a median-priced premium ($6,998).
Cincinnati Insurance Company offers the cheapest car insurance premiums for 3 out of 6 driver cohorts analyzed for Louisville. On the other hand, Alfa Specialty Insurance Corporation offers the most expensive premiums for all six cohorts.
The following graph compares car insurance premium rates across companies in Louisville, Kentucky.
The following table compares car insurance premiums by key companies in Louisville, Kentucky. In addition, the table lists the names of companies included in the study and the differences between the median and cheapest or most expensive rates.
| Cohort | Cheapest Car Insurance Companies in Louisville, KY | Second Cheapest Car Insurance Companies in Louisville, KY | Median Car Insurance Companies in Louisville, KY | Second Most Expensive Car Insurance Companies in Louisville, KY | Most Expensive Car Insurance Companies in Louisville, KY | Difference between the Cheapest and Median Prices | Difference in Price between Most Expensive and Median Prices |
|---|---|---|---|---|---|---|---|
| 45-year-old divorced men with 29 years driving experience | USAA General Indemnity Company ($2,412) | Cincinnati Insurance Company ($2,597) | Allstate Property & Casualty Insurance Company ($6,998) | Shelter General Insurance Company ($22,883) | Alfa Specialty Insurance Corporation ($4,9472) | $4,586 | $42,474 |
| 32-year-old married men with 16 years driving experience | CSAA Fire & Casualty Insurance Company ($615) | Cincinnati Insurance Company ($647) | Kentucky National Insurance Company ($1,683) | Dairyland Insurance Company ($6,094) | Alfa Specialty Insurance Corporation ($7579) | $1,068 | $5,896 |
| 23-year-old single women with 7 years driving experience | Cincinnati Insurance Company ($705) | Bankers Standard Insurance Company ($752) | Metropolitan Casualty Insurance Company ($1,951) | Dairyland Insurance Company ($8,923) | Alfa Specialty Insurance Corporation ($11,363) | $1,246 | $9,412 |
| 52-year-old married men with 35 years driving experience | Unitrin Direct Property & Casualty Company ($2,756) | USAA General Indemnity Company ($2,812) | Liberty Mutual Fire Insurance Company ($8,109) | Allstate Indemnity Company ($24,901) | Alfa Specialty Insurance Corporation ($42,478) | $5,353 | $34,369 |
| 70-year-old widowed women with 50 years driving experience | Cincinnati Insurance Company ($543) | CSAA Fire & Casualty Insurance Company ($573) | Meridian Security Insurance Company ($1,445) | Sentinel Insurance Company, Limited ($7,228) | Alfa Specialty Insurance Corporation ($8,478) | $902 | $7,033 |
| 23-year-old single men with 7 years driving experience | Cincinnati Insurance Company ($882) | Geico General Insurance Company ($984) | Allstate Insurance Company ($2,224) | Dairyland Insurance Company ($8,209) | Alfa Specialty Insurance Corporation ($11,278) | $1,342 | $9,054 |
ABOUT THE AUTHOR
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.