Publish Date: February 20, 2023
Author: Seubert
Tags: Blog - SeubertU

What Factors Determine Auto Insurance Rates?

Insurance companies consider a variety of factors when determining your auto insurance premiums. The main categories include:

  • Personal information—Drivers under 25, especially men, are seen as higher risk than older drivers and those who are married.
  • Driving record and credit history—Safe drivers with good credit typically pay less for auto insurance.
  • Location—Densely populated areas often have higher rates of vandalism, theft and car crashes. This could translate to higher premium costs.
  • Vehicle characteristics—Vehicles with below-average safety ratings or with parts that are expensive to repair may cost more to insure.

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