By: Ishan Mukhopadhyay May. 22, 2018
A recent survey of half-yearly car insurance premium rates for Birmingham, Alabama, conducted by Raltin found that prices vary from $2,687 to $6,153, depending on the companies that buyers choose. The most significant difference observed was for 18-year-old single women driving 2010 Toyota Camry LE four-door sedans. For this cohort of drivers, the difference between the cheapest and most expensive premiums is $6,153. For 25-year-old single men driving Chevy Silverado 1500 extended cabs, this difference amounts to $2,187. For this analysis, Raltin used data from the Alabama Department of Insurance. The collision deductible was chosen as $500. The bodily injury per person, bodily injury per accident, and property damage limits were chosen as $25,000, $50,000, and $25,000 respectively. The medical payment limit was chosen as $1,000.
For the 18-year-old single female driver cohort, the cheapest premium is offered by United Service Automobile Association, at $1,261. The most expensive premium is offered by Amica Mutual Insurance Company, at $9,996. For the 25-year-old single male driver segment, the cheapest premium is offered by Allstate Property and Casualty Insurance Company, at $724, and the median premium of $1,368 is offered by Nationwide Mutual Fire Insurance Company.
Among the six groups of drivers analyzed, the one with the second highest savings between the most expensive and median premiums is the one comprising 30-year-old married men driving a 2012 Ford F-250 Super Duty Crew Cab. The most expensive premium for this cohort is offered by Infinity Safeguard Insurance Company at $2,642. However, buyers can save up to $4,820 by investing in a median premium of $1,225, offered by Nationwide General Insurance Company.
Allstate Property and Casualty Insurance Company offers the cheapest premiums for 3 of the 6 cohorts of drivers analyzed. In contrast, Infinity Safeguard Insurance Company offers the most expensive premiums in 4 of the 6 cohorts analyzed.
The following graph compares the premiums across companies for Birmingham, AL.
The following table compares the car insurance premiums for key companies in Birmingham, Alabama. It also 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 Birmingham, AL||Second Cheapest Car Insurance Companies in Birmingham, AL||Median Car Insurance Companies in Birmingham, AL||Most Expensive Car Insurance Companies in Birmingham, AL||Second Most Expensive Car Insurance Companies in Birmingham, AL||Difference between Cheapest and Median Prices||Difference in Price between Most Expensive and Median Prices|
|18-year-old single women with 2010 Toyota Camry LE four-door sedans||UNITED SERVICES AUTOMOBILE ASSOCIATION ($1,261)||USAA CASUALTY INSURANCE COMPANY ($1,352)||ALLSTATE NORTHBROOK INDEMNITY COMPANY ($2,582)||AMICA MUTUAL INS COMPANY ($9,996)||STATE AUTOMOBILE MUTUAL INS CO ($4,900)||$1,321||$7,414|
|30-year-old married menwith 2012 Ford F-250 Super Duty Crew Cabs||ENCOMPASS INDEMNITY COMPANY ($667)||ALLSTATE PROPERTY AND CASUALTY INSURANCE COMPANY ($706)||NATIONWIDE GENERAL INS CO ($1,225)||AMICA MUTUAL INS COMPANY ($6,045)||INFINITY SAFEGUARD INSURANCE COMPANY ($2,642)||$558||$4,820|
|62-year-old married men with 2012 Ford F-250 Super Duty Crew Cabs||ALLSTATE PROPERTY AND CASUALTY INSURANCE COMPANY ($455)||INTEGON NATIONAL INSURANCE COMPANY ($504)||STATE FARM MUTUAL AUTOMOBILE INS COMPANY ($823)||AMICA MUTUAL INS COMPANY ($3,742)||INFINITY SAFEGUARD INSURANCE COMPANY ($1,707)||$368||$2,919|
|25-year-old single men with Chevy Silverado 1500 extended cabs||ALLSTATE PROPERTY AND CASUALTY INSURANCE COMPANY ($724)||STANDARD FIRE ($753)||NATIONWIDE MUTUAL FIRE INS COMPANY ($1,368)||AMICA MUTUAL INS COMPANY ($3,194)||INFINITY SELECT INSURANCE COMPANY ($2,392)||$644||$1,826|
|48-year-old single men with 2012 Chevy Tahoe LS||PROGRESSIVE DIRECT INSURANCE COMPANY ($804)||PROGRESSIVE SPECIALTY INS COMPANY ($892)||GUIDEONE SPECIALTY MUTUAL INSURANCE CO ($1,153)||AMICA MUTUAL INS COMPANY ($4,891)||ACCC INSURANCE COMPANY ($2,471)||$349||$3,738|
|25-year-old single women with 2010 Toyota Camry LE four-door Sedans||ALLSTATE PROPERTY AND CASUALTY INSURANCE COMPANY ($745)||FARMERS INSURANCE EXCHANGE ($822)||PROGRESSIVE DIRECT INSURANCE COMPANY ($1,239)||AMICA MUTUAL INS COMPANY ($3,432)||INFINITY SAFEGUARD INSURANCE COMPANY ($1,925)||$494||$2,193|