By: Ishan Mukhopadhyay Oct. 10, 2018

Raltin recently surveyed half-yearly car insurance premiums in Huntsville, Alabama, and found that the cheapest premium rate of $419 is offered by Integon National Insurance Company for 62-year-old married men driving 2012 Ford F-250 super duty crew cabs. Insurance companies evaluate premiums after assessing a driver’s background, driving records, and the type of car being driven. An assessment of the low-end quotes showed that they ranged from $419 to $1,422. USAA Casualty Insurance Company offers a premium of $1,422 for 18-year-old single women driving a 2010 Chevy Silverado 1500 extended cab. For this analysis, Raltin used data from the Alabama Department of Insurance.

While buying auto insurance, customers are usually asked to choose their coverage limits, deductible values, medical payment limits etc. For this survey, the following coverage limit and deductible values were used as reference points: the collision deductible as $500. The bodily injury per person, bodily injury per accident, and property damage limits as $25,000, $50,000, and $25,000 respectively. The medical payment limit as $1,000.

The difference between the cheapest and median car insurance prices gives an indication of the potential savings for each customer cohort. The study found that 18-year-old single women driving 2010 Chevy Silverado cabs have the highest potential savings if they invest in the right company, since the price deviation between the median and cheapest premium rates is the greatest for this cohort, at $1,232. The median policy for this group of drivers is provided by Alfa Mutual General Insurance Company, at $2,654.

The same cohort of drivers is generally found to pay the most expensive premium rates. Amica Mutual Insurance Company offers the most expensive premium for this cohort, at $8,797. Drivers belonging to this category can save up to $6,143 by investing in policies priced at the median ($2,654) value or lower. Amica Mutual also offers the most expensive premium rate of $5,117 for 30-year-old married men driving 2012 Ford F-250 cabs. The difference between this value and the median insurance rate for this category is significantly high, at $4,006.

Sifting of the low-end premiums shows that Allstate Property and Casualty offers the cheapest quotes in three of seven driver cohorts analyzed. In all seven of them, Amica offers the most expensive rates.

The following graph shows a comparison of premium rates across companies for Huntsville, AL.

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

CohortCheapest car insurance companies in Huntsville, ALSecond cheapest car insurance companies in Huntsville, ALCar insurance companies offering median rates in Huntsville, ALSecond most expensive car insurance companies in Huntsville, ALMost expensive car insurance companies in Huntsville, ALDifference between cheapest and median pricesDifference in price between most expensive and median prices
18-year-old single women driving 2010 Chevy Silverado 1500 extended cabs with two windowsUnited Services Automobile Association ($1,422)USAA Casualty Insurance Company ($1,513)Alfa Mutual General Insurance Co ($2,654)Infinity Select Insurance Company ($6,080)Amica Mutual Ins Company ($8,797)$1,232$6,143
18-year-old single women driving 2010 Toyota Camry LE four-door sedansUnited Services Automobile Association ($1,236)USAA Casualty Insurance Company ($1,323)Garrison Property And Casualty Insurance Company ($2,464)State Automobile Mutual Ins Co ($4,973)Amica Mutual Ins Company ($8,455)$1,228$5,991
25-year-old married men driving 2010 Chevy Silverao 1500 extended cabs with two windowsAllstate Property and Casualty Insurance Company ($670)Standard Fire ($676)Integon National Insurance Company ($1,239)Infinity Select Insurance Company ($2,448)Amica Mutual Ins Company ($2,764)$569$1,525
25-year-old single women driving 2010 Toyota Camry LE four-door sedansAllstate Property and Casualty Insurance Company ($745)Farmers Insurance Exchange ($822)Nationwide Mutual Fire Ins Company ($1,211)Infinity Safeguard Insurance Company ($1,925)Amica Mutual Ins Company ($3,432)$466$2,221
30-year-old married men driving 2012 Ford F-250 super duty crew cabsAllstate Property and Casualty Insurance Company ($648)Encompass Indemnity Company ($649)Alfa Mutual General Insurance Co ($1,111)Infinity Safeguard Insurance Company ($2,708)Amica Mutual Ins Company ($5,117)$463$4,006
48-year-old single men driving 2012 Chevy Tahoe LS carsProgressive Direct Insurance Company ($715)Progressive Specialty Ins Company ($787)Country Mutual ($1,078)ACCC Insurance Company ($2,344)Amica Mutual Ins Company ($4,195)$363$3,117
62-year-old married men driving 2012 Ford F-250 super duty crew cabsIntegon National Insurance Company ($419)Allstate Property and Casualty Insurance Company ($420)State Farm Mutual Automobile Ins Company ($751)Infinity Safeguard Insurance Company ($1,749)Amica Mutual Ins Company ($3,173)$332$2,422


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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