By: Ishan Mukhopadhyay Oct. 10, 2018

An analysis of car insurance premiums in Lawrence, Kansas, shows that consumers can save between $196 and $809 depending on the insurance company they choose. The choice of company therefore changes potential savings by up to $613. This study conducted by Raltin analyzed data published by the Kansas Insurance Department. The premium rates studied were of six-month durations.

Car insurance premiums are significantly influenced by factors such as the vehicle type, deductible value, coverage limit, and driver background. The vehicle studied for this analysis is a 2013 Toyota Camry four-door sedan. The coverage limit for bodily injury per person and bodily injury per accident are $100,000 and $300,000, respectively. The coverage limit for property damage per accident is $100,000. The comprehensive and collision deductible is $1,000.

This Raltin survey found that in Lawrence, the difference between the median and cheapest premiums is the greatest for 16-year-old male drivers, at $809. Geico Choice Insurance offers the cheapest premium for this cohort of drivers, at $888. The median premium is offered by Farmers Insurance Company at $1,697. The second highest difference is observed for 16-year-old single female drivers, at $743. Upland Mutual Insurance offers the cheapest premium of $640 for this cohort of drivers. The median premium is offered by Nationwide Insurance Company of America, at $1,383.

For the cohort of 16-year-old male drivers, the most expensive premium is provided by Progressive Direct Insurance Company, at $5,701. Customers belonging to this cohort can therefore save up to $4,004 by choosing the median-priced policy. For their female counterparts as well, the most expensive premium is offered by Progressive Direct Insurance Company at $5,157. The difference between the most expensive insurance rate and the median one for this category of drivers is $3,774.

Among 10 customer groups analyzed, Geico Advantage Insurance Company offers the cheapest premiums for 4 groups, while LM General Insurance Company offers the most expensive premiums for 6 of the 10 cohorts.

The following graph shows a comparison of premiums across companies for Lawrence, Kansas.

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The following table compares the car insurance premiums among key companies in Lawrence, Kansas, and provides the names of the companies and the differences between the median and cheapest or most expensive rates.

CohortCheapest car insurance companies in Lakewood, COSecond cheapest car insurance companies in Lakewood, COCar insurance companies offering median prices in Lakewood, COSecond most expensive car insurance companies in Lakewood, COMost expensive car insurance companies in Lakewood, CODifference between the cheapest and median pricesDifference between the most expensive and median prices
16-year-old female driversUpland Mutual Insurance, Inc. ($640)United Services Automobile Association ($899)Nationwide Insurance Company of America ($1,383)Progressive Northwestern Insurance Company ($4,536)Progressive Direct Insurance Company ($5,157)$743$3,774
16-year-old male driversGeico Choice Insurance Company ($888)United Services Automobile Association ($963)Farmers Insurance Company Inc ($1,697)Progressive Northwestern Insurance Company ($5,089)Progressive Direct Insurance Company ($5,701)$809$4,004
21-year-old female driversGeico Choice Insurance Company ($310)Geico Advantage Insurance Company ($348)Shelter Mutual Insurance Company ($750)LM General Insurance Company ($1,239)Esurance Property and Casualty Insurance Company ($1,281)$440$531
21-year-old male driversGeico Choice Insurance Company ($312)Geico Advantage Insurance Company ($316)Shelter Mutual Insurance Company ($881)Automobile Club Inter-Insurance Exchange ($1,549)Esurance Property and Casualty Insurance Company ($1,683)$569$802
35-year-old female driversGeico Advantage Insurance Company ($220)Geico Choice Insurance Company ($252)Alliance Indemnity Company ($464)Standard Fire Insurance Company ($803)LM General Insurance Company ($926)$244$462
35-year-old male driversGeico Advantage Insurance Company ($221)Geico Choice Insurance Company ($266)Alliance Indemnity Company ($464)Standard Fire Insurance Company ($836)LM General Insurance Company ($927)$243$463
55-year-old female driversGeico Advantage Insurance Company ($207)USAA General Indemnity Company ($215)Allstate Fire and Casualty Insurance Company ($409)Automobile Club Inter-Insurance Exchange ($720)LM General Insurance Company ($878)$202$469
55-year-old male driversUSAA General Indemnity Company ($213)Geico Advantage Insurance Company ($223)Allstate Fire and Casualty Insurance Company ($409)Esurance Property and Casualty Insurance Company ($731)LM General Insurance Company ($927)$196$518
70-year-old female driversGeico Advantage Insurance Company ($227)USAA General Indemnity Company ($236)Allstate Fire and Casualty Insurance Company ($427)Esurance Property and Casualty Insurance Company ($742)LM General Insurance Company ($940)$200$513
70-year-old male driversUSAA General Indemnity Company ($235)Geico Advantage Insurance Company ($243)Farmers Insurance Company Inc ($462)Esurance Property and Casualty Insurance Company ($829)LM General Insurance Company ($923)$227$461



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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