By: Madhu Bolagani Aug. 16, 2018

A Raltin survey of car insurance policies in Greenville, South Carolina, showed that the most expensive premiums starting at $815 are paid by single men who are under 25 years of age. The survey was conducted using information from the South Carolina Department of Insurance. On the other hand, the cheapest premium of $220 is paid by married male drivers who are under  25 years of age.

The most expensive premium for the cohort of single male drivers younger than 25 years is offered by State Farm Fire and Casualty Company. The second most expensive premium of $7,406 is paid by single female drivers under 25 years and offered by LM Insurance Corporation.

United Services Automobile Association offers the cheapest premium of $220 for married male drivers under 25 years. The next cheapest premium ($225) is also offered by United Services Automobile Association and available to married female drivers aged 25-65 years.

Single female drivers under 25 years are likely to be charged a significantly high insurance premium in Greenville, South Carolina. However,  this cohort can also increase its savings by making informed choices: that is, single female drivers under 25 years report the greatest difference between the 75th and 25th percentile in premiums of $1,752 (106.31%). The second most significant difference is $1,939 (100.99%) and observed for single male drivers under 25 years.

The following graph compares premiums across cohorts in Greenville, South Carolina.

No Image

The following table compares car insurance premiums for key cohorts in Greenville, South Carolina, and the differences between the 75th and 25th percentiles of premium rates.

CohortCheapest Car Insurance Companies in Greenville, SCMost Expensive Car Insurance Companies in Greenville, SCMedian Car Insurance Companies in Greenville, SC25th Percentile of Car Insurance Premiums in Greenville, SC75th Percentile of Car Insurance Premiums in Greenville, SCDifference between 25th and 75th Percentiles (in dollars)Difference between 25th and 75th Percentiles (%)
Single male drivers aged 25-65 yearsUnited Services Automobile Association ($250)LM Insurance Corporation ($2,798)Bristol West Insurance Company ($871)Nationwide Affinity Insurance Company of America ($624)AMCO Insurance Company ($1,171)54787.66
Married males drivers aged 25-65 yearsUnited Services Automobile Association ($220)LM Insurance Corporation ($2,683)Allstate Fire and Casualty Insurance Company ($817)Metropolitan Direct Property and Casualty Insurance Co. ($580)State Farm Fire and Casualty Co. ($1,110)53091.38
Married female drivers aged 25-65 yearsUnited Services Automobile Association ($225)LM Insurance Corporation ($2,687)Nationwide Affinity Insurance Company of America ($800)USAA General Indemnity Company ($562)Allstate Indemnity Insurance Company ($1,171)53194.48
Single female drivers aged 25-65 yearsUnited Services Automobile Association ($249)Lm Insurance Corporation ($2,798)South Carolina Farm Bureau Insurance Company ($865)AMCO Insurance Company ($616)Progressive Max Insurance Company ($1,162)54688.64
Single male drivers under 25 yearsUnited Services Automobile Association ($815)State Farm Fire and Casualty Co. ($8,442)Auto-Owners Insurance Company ($2,732)South Carolina Farm Bureau Insurance Company ($1,920)Progressive Direct Insurance Company($3,859)1,939100.99
Married male drivers under 25 yearsUnited Services Automobile Association ($475)LM Insurance Corporation ($7,083)Geico Indemnity Company ($1,843)Bristol West Insurance Company ($1,308)Progressive Direct Insurance Company ($2,580)1,27297.25
Single female drivers under 25 yearsUnited Services Automobile Association ($715)Lm Insurance Corporation ($7,406)National General Insurance Co. ($2,302)Unitrin Auto and Home Insurance Company ($1,648)Progressive Direct Insurance Company ($3,400)1,752106.31


ABOUT THE AUTHOR

No Image

Madhu Bolagani

Madhu is a data analyst and engineer at Raltin. His writings are driven by deep data mining and connecting the dots. His areas of expertise include finance, insurance and investing.

Linkedin