Most companies look at very similar criteria, though they may have different weights, to determine your car insurance premium. For example, an insured with a DUI may be covered under a high risk policy with some carriers and uninsurable with others. This is why it is important to choose a company that finds your situation favorable (specializes in underwriting driver’s with your circumstances). The factors that generally determine your car insurance premium are the following:

The type of policy chosen

  • Liability or Full Coverage
  • Coverages added to policy
  • Comprehensive and Collision deductibles

Your age, sex and marital status

Accident rates are higher for all drivers under age 25, especially young males and single males. Insurance prices in most states reflect these differences.

Your credit history

Studies have shown that credit history is a powerful predictor of future auto insurance losses. Many insurance companies consider certain credit characteristics in addition to many other factors when determining an individual’s rate.

Your driving record

Drivers who cause accidents, get speeding and other moving violation tickets generally pay more than those who are accident-free for several years. Drivers with multiple tickets, DUIs, and SR-22s for driving without insurance are labeled as “high risk” and thus have inflated premiums. As a result, many standard companies will not insure them. However, there are non- standard auto companies who specialize in writing high risk cases.

What kind of car you drive

Generally, high priced luxury cars, sports cars, and cars with high engine power have expensive premiums?

Where you live and or drive

Generally, due to higher rates of vandalism, theft, and accidents, urban residents and drivers pay higher premiums than those in small towns or rural areas.

How much you drive

People who use their car for business and long-distance commuting normally pay more than those who drive less. The opportunity to have an accident increases as travel time increases. Even if you’re not at fault.