Know how insurance premiums are calculated, where to turn for insurance if you are a higher-risk driver and what additional auto insurance coverage is available.
How Auto Insurance Premiums are Calculated
To set a premium to insure your vehicle, insurance companies consider many variables, including:
- The vehicle’s make, model and production year
- The driving records of the individuals who may drive the vehicle
- Where you live
You can lower your premium by making informed decisions. Generally, the harder your vehicle is to steal and the less expensive it is to repair, the less you pay for insurance. Learn about the many ways you can lower your premium.