By:  Ishan Mukhopadhyay Oct. 30, 2018

Raltin’s analysis of car insurance premiums in Salina, Kansas, finds that 16-year-old male drivers make the biggest savings between the 75th and 25th percentiles in premium rates at $1,570 (155.6%). This is followed by 16-year-old female drivers, who can save $1,177 (125.75%).

The study was conducted by sourcing information published by the Kansas Insurance Department. The vehicle used for this analysis is a 2013 Toyota Camry four-door sedan. The coverage limit for property damage per accident is $100,000. The comprehensive and collision deductible is $1,000. The coverage limit for bodily injury per person and bodily injury per accident are $100,000 and $300,000, respectively.

The survey quotes one insurance holder as saying: “I’m satisfied with my auto insurance. I would not change it.” In order to ensure a satisfactory insurance deal, buyers would do well to analyze prices and other benefits offered by various companies. Raltin studied the insurance premiums paid by customer cohorts and found that the most expensive premiums are paid by 16-year-old male drivers, at $4,857, and this rate is offered by Progressive Direct Insurance. The second most expensive premiums are paid by 16-year-old female drivers, at $4,394, which is also charged by Progressive Direct. 21-year-old male drivers pay the third most expensive price, at $1,566. Esurance Property and Casualty Insurance offers them this premium.

The cheapest premium is paid by 55-year-old male drivers, at $190, who have purchased their insurance from Geico Advantage. The median premium for this cohort, is offered by Farmers Insurance, at $431. The second lowest premium of $191 is paid by 70-year-old female drivers, which is just $1 more the males. The median rate for this driver segment once again comes from Farmers Insurance, at $402.

The following graph shows a comparison of premiums across customer cohorts for Salina, KS.

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The following table compares car insurance premiums for key cohorts in Salina, Kansas. It also estimates potential savings by calculating the difference between the 75th and 25th percentiles in premiums rates.

CohortCheapest car insurance companies in Salina, KSMost expensive car insurance companies in Salina, KSCar insurance companies offering median premiums in Salina, KS25th percentiles of car insurance premiums in Salina, KS75th percentiles of car insurance premiums in Salina, KSDollar difference between 25th and 75th percentilesPercentage difference between 25th and 75th percentiles
35-year-old female driversGeico Advantage Insurance Company ($193)LM General Insurance Company ($949)Farmers Insurance Company Inc ($477)American Family Insurance Company ($327)Nationwide Insurance Company of America ($568)$24173.7%
70-year-old male driversGeico Advantage Insurance Company ($197)LM General Insurance Company ($931)Allstate Fire and Casualty Insurance Company ($412)Shelter Mutual Insurance Company ($311)Nationwide Insurance Company of America ($573)$26284.24%
21-year-old female driversGeico Choice Insurance Company ($271)LM General Insurance Company ($1,253)Alliance Indemnity Company ($680)American Family Insurance Company ($545)Allied Property and Casualty Insurance Company ($900)$35565.14%
21-year-old male driversGeico Choice Insurance Company ($274)Esurance Property and Casualty Insurance Company ($1,566)Alliance Indemnity Company ($821)Farm Bureau Property & Casualty Insurance Company ($630)Allied Property and Casualty Insurance Company ($1,042)$41265.4%
16-year-old female driversUpland Mutual Insurance, Inc. ($528)Progressive Direct Insurance Company ($4,394)Nationwide Insurance Company of America ($1,288)USAA Casualty Insurance Company ($936)Allstate Fire and Casualty Insurance Company ($2,113)$1,177125.75%
16-year-old male driversGeico Choice Insurance Company ($705)Progressive Direct Insurance Company ($4,857)Farmers Insurance Company Inc ($1,573)USAA Casualty Insurance Company ($1,009)Automobile Club Inter-Insurance Exchange ($2,579)$1,570155.6%
70-year-old female driversGeico Advantage Insurance Company ($191)LM General Insurance Company ($946)Farmers Insurance Company Inc ($402)Shelter Mutual Insurance Company ($311)Nationwide Insurance Company of America ($498)$18760.13%
55-year-old male driversGeico Advantage Insurance Company ($190)LM General Insurance Company ($947)Farmers Insurance Company Inc ($431)Upland Mutual Insurance, Inc. ($291)Standard Fire Insurance Company ($589)$298102.41%
35-year-old male driversGeico Advantage Insurance Company ($192)LM General Insurance Company ($952)Progressive Northwestern Insurance Company ($471)Upland Mutual Insurance, Inc. ($330)Nationwide Insurance Company of America ($591)$26179.09%
55-year-old female driversGeico Advantage Insurance Company ($180)LM General Insurance Company ($895)Allstate Fire and Casualty Insurance Company ($399)American Family Insurance Company ($287)Nationwide Insurance Company of America ($509)$22277.35%


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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