By: Ishan Mukhopadhyay Nov. 01, 2018
Car insurance prices in Palm Beach County, FL, start at $1,133, according to Raltin’s recent analysis. Florida Farm Bureau General Insurance Company offers this premium plan for married drivers aged above 65 years. This study focused on car insurance quotes offered by different companies in Palm Beach. Quotes change according to the driver’s background and driving record. The cheapest premium rates ranged between $1,133 and $5,260.
Raltin sourced this data from the Florida Office of Insurance Regulation. “I am satisfied with my insurance company's policy because it offers all the coverage I need at a good price. The policy is easy to understand.”: says one of the Palm Beach insurance buyers. Usually, being able to settle with a satisfactory auto-insurance policy requires tons of hunting around in Palm Beach, or buyers need to compare prices offered by various companies.
Car insurance premiums are influenced by factors such as deductible amounts, coverage limits, and model types. This survey considered the following: personal injury protection limit of $10,000; uninsured motorist limit and bodily injury limit between $25,000 and $100,000; property damage limits of $50,000 to $100,000; and comprehensive and collision deductibles of $250 and $500, respectively. The medical payment limit was $5,000. The cars chosen for the survey were Toyota Camry LE and Toyota Corolla LE.
The difference between the cheapest insurance and median prices per customer cohort is a good indication of potential savings. This study found that families with young drivers can earn the biggest savings of $3,588. Florida Farm offers the cheapest premium for this category of drivers, at $5,260. Progressive American offers the median premium at $8,848.
Infinity Auto Insurance offers the most expensive premium for the same group of drivers, with a premium of $48,418. The savings between the most expensive and median premiums is significantly high, at $39,570.
Progressive also offers the most expensive premium for 25-year-old single women, at $9,171. For this cohort, the median premium is offered by Allstate Fire and Casualty Insurance, at $3,734. The savings between the most expensive and median insurance quote are $5,437.
The following graph shows a comparison of premium rates charged by key companies in Palm Beach County, FL.
The following table compares the car insurance premiums offered by key companies in Palm Beach County, Florida, along with the names of the companies and the differences between the median and cheapest or most expensive rates.
|Cohort||Cheapest car insurance companies in Palm Beach, FL||Second cheapest car insurance companies in Palm Beach, FL||Car insurance companies offering median prices in Palm Beach, FL||Second most expensive car insurance companies in Palm Beach, FL||Most expensive car insurance companies in Palm Beach, FL||Difference in price between the cheapest and median prices||Difference in price between the most expensive and median prices|
|25-year-old single female drivers||United Services Automobile Association ($1,899)||USAA Casualty Insurance Company ($2,088)||Allstate Fire And Casualty Insurance Company ($3,734)||Infinity Auto Insurance Company ($6,982)||Progressive American Insurance Company ($9,171)||$1,835||$5,437|
|Families with young drivers||Florida Farm Bureau General Insurance Company ($5,260)||United Services Automobile Association ($5,640)||Progressive American Insurance Company ($8,848)||Infinity Indemnity Insurance Company ($47,204)||Infinity Auto Insurance Company ($48,418)||$3,588||$39,570|
|Senior married drivers||Florida Farm Bureau General Insurance Company ($1,133)||United Services Automobile Association ($1,236)||Metropolitan Casualty Insurance Company ($2,026)||Infinity Auto Insurance Company ($6,246)||Direct General Insurance Company ($6,786)||$893||$4,760|