By: Ishan Mukhopadhyay Jul. 23, 2018

From its recent analysis of car insurance policies in Prince George’s County, MD, Raltin found that the cheapest premium rates at $634 are paid by 65-year-old male drivers. On the other hand, the most expensive premiums are paid by families with youthful drivers, starting at $3,670. For this comparison, Raltin used data published by the Maryland Insurance Administration.

Family with youthful drivers: The cheapest premium rate for this cohort starts at $3,670, and is offered by Old Dominion Insurance Company, while the most expensive premium rate is $25,996. The difference between the 75th and 25th percentile in premium rates is $5,375.

Family with no youthful drivers: The difference between the median rate and the cheapest rate for this category is $1,344. The cheapest premium is $1,386 and is offered by Old Dominion Insurance Company. The savings between the 75th and 25th percentile in premium rates is $1,477.

65-year-old single women: The cheapest premium rate for this group of drivers is significantly low, at $740. It is offered by Horace Mann Insurance Company. The most expensive premium rate is $4,580 and is offered by Dairyland Insurance Corporation. The difference between the 75th and 25th percentile in premium rates is $684.

65-year-old single men: This cohort pays the cheapest premium rates, at $634. It is offered by Privilege Underwriters Reciprocal Exchange.

30-year-old single women: The cheapest premium rate for this segment is $878, offered by Horace Mann Insurance Company. The median premium rate is offered by Brethren Mutual Insurance Company, at $1,517. The difference between the 75th and 25th percentile rates is $675.

50-year-old-single women: This cohort sees the least difference between the 75th and 25th percentile in premium rates at 48.86%. Peninsula Insurance Company offers them the cheapest premium rate, at $785, which is $1,644 cheaper than the median.

30-year-old single men: The cheapest premium rate for this segment is offered by the Horace Mann Insurance Company, and it stands at $1,020. The difference between the 75th and 25th percentile rates shows a percentage value of 68.86%.

50-year-old single men: The most expensive premium rate for this group of drivers stands at a steep $7,411. The cheapest rate for this cohort is offered by Old Dominion Insurance Company, at $1,144.

23-year-old single women: The difference in percentage, between the 75th and 25th percentile in premium rates is the greatest for this segment, at 93.56%. The cheapest rate is offered by Geico Casualty Company, at $1,563. The most expensive rate is offered by the Dairyland Insurance Company, at $8,512.

23-year-old single men: The second highest difference between the 75th and 25th percentile in premium rates is for this cohorts, at 80.41%. The cheapest rate is offered by Geico Casualty Corporation, at $1,345 while the most expensive rate is offered by Dairyland Insurance Company, at $8,458.

The following chart presents compare premium prices by cohort.

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The table below lists the key prices for each cohort along with the companies offering them.

CohortsCheapest Car Insurance Premiums for Prince George’s County, MDMost Expensive Car Insurance Premiums for Prince George’s County, MDMedian Insurance Premiums for Prince George’s County, MD25th percentile of Car Insurance Premiums for Prince George’s County, MD75th percentile of Car Insurance Premiums for Prince George’s County, MDDollar Difference between 25th and 75th PercentilesPercentage Difference between 25th and 75th Percentiles
Family rate with youthful driversPrivilege Underwriters Reciprocal Exch. ($3,670)Foremost Insurance Co. ($25,996)Encompass Home/Auto Insurance Co. ($10,506)Nationwide Affinity Ins. Co. of America ($8,139)Erie Insurance Co. ($13,514)$5,37566.04%
Family rate no youthful driversOld Dominion Insurance Co. ($1,386)Foremost Insurance Co. ($8,296)Amica Mutual Insurance Co. ($2,730)Meridian Security Insurance Co. ($2,226)Garrison Property & Casualty Ins. Co. ($3,703)$1,47766.35%
65-year-old single womenHorace Mann Insurance Co. ($740)Dairyland Insurance Co. ($4,580)Progressive Select Insurance Co. ($1,432)National General Assurance Co. ($1,095)State Farm Fire & Casualty Co. ($1,779)$68462.47%
65-year-old single menPrivilege Underwriters Reciprocal Exch. ($634)Donegal Mutual Insurance Co. ($3,840)Metropolitan Direct Property and Casualty ($1,320)Metropolitan Group Property and Casualty ($982)State Farm Fire & Casualty Co. ($1,612)$63064.15%
30-year-old single womenHorace Mann Insurance Co. ($878)Donegal Mutual Insurance Co. ($5,528)Brethren Mutual Insurance Co. ($1,517)Old Dominion Insurance Co. ($1,192)Erie Insurance Co. ($1,867)$67556.63%
50-year-old single womenPeninsula Insurance Co. ($785)Donegal Mutual Insurance Co. ($4,245)Penn National Insurance Co. ($1,644)IDS Property Casualty Ins. Co. ($1,314)Erie Insurance Co. ($1,956)$64248.86%
30-year-old single menHorace Mann Insurance Co. ($1,020)Donegal Mutual Insurance Co. ($6,596)Progressive Select Insurance Co. ($2,060)IDS Property Casualty Ins. Co. ($1,628)Progressive Specialty Insurance Co. ($2,749)$1,12168.86%
50-year-old single menOld Dominion Insurance Co. ($1,144)Maryland Auto Insurance Fund ($7,411)Agency Insurance Co. ($2,063)Pharmacists Mutual Insurance Co. ($1,599)Garrison Property & Casualty Ins. Co. ($2,461)$86253.91%
23-year-old single womenGeico Casualty Co. ($1,563)Dairyland Insurance Co. ($8,512)Unitrin Auto & Home Insurance Co. ($4,074)American National Property & Casualty Co. ($2,858)National General Assurance Co. ($5,532)$2,67493.56%
23-year-old single menGeico Casualty Co. ($1,345)Dairyland Insurance Co. ($8,458)Garrison Property & Casualty Ins. Co. ($3,644)Horace Mann Property & Casualty Ins. Co. ($2,644)LM General Insurance Co. ($4,770)$2,12680.41%


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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