- Age, Sex and Marital Status. Statistics show certain groups of drivers have more accidents. A higher chance of loss means more premium.
- Coverage Limits and Deductibles. More insurance means a higher premium.
- Credit-based Insurance Score. A credit-based insurance score evaluates how you handle finances. Public records (bankruptcy, judgments, collections), number and types of credit accounts, payment history and account balances determine your credit-based insurance score. Statistics confirm policyholders with good credit generally have fewer claims. In turn, those with good credit-based insurance scores often pay less for insurance.
- Driving Record and Claim History. Drivers with tickets, accidents and insurance claims usually pay higher rates than those with good records.
- Household Driver Information. The ages and driving records of other drivers in your household may affect the premium. Most auto insurance policies cover family members while driving your car. You may jeopardize insurance coverage if you withhold this information.
- Year and Type of Vehicle. Some vehicles cost more to insure because they're more likely to be damaged in an accident, cost more to repair, or are frequently stolen.
- Geographic Location, Use of Vehicle, How Far You Drive to Work and Annual Mileage. City drivers pay higher premiums than rural drivers. Drivers who commute long distances or drive more miles per year pay more than those who commute shorter distances and driver fewer miles per year.
