Auto insurance rates are based on a variety of
factors. The premium you pay reflects factors
such as your age, gender, “insurance score” and
driving record. Individual companies may differ
in how they calculate premiums, but the major
factors are fairly universal.
YOUR AGE
Statistics show that, as a group, drivers under age
30 have more accidents per mile driven than the
general population.
YOUR GENDER
Young men are involved in more accidents per
miles driven than any other population group.
YOUR CAR
The more expensive your car, the more you will
pay.
YOUR LOCATION
Heavily populated areas tend to have a higher
number of accidents.
DRIVING PATTERNS
The more you use your car the higher your rates.
YOUR DRIVING AND CLAIMS HISTORY
Most companies apply a surcharge to drivers who
have been involved in an accident or who have
been convicted of multiple traffic violations.
INSURANCE SCORE
An insurance score is similar to a credit score.
