Ever Wonder How Auto Insurance Premiums Are Calculated?

Auto insurance premiums are calculated based on a variety of factors that are intended to reflect the level of risk that an insurance company will take on by providing coverage for a particular driver. Some of the factors that can affect the cost of your auto insurance premiums include your age, gender, driving history, the type of car you drive, where you live, and your credit score. Insurance companies may also take into account your marital status, the number of miles you drive each year, and your level of education. The insurance company will use this information to determine the likelihood that you will file a claim, and they will use that likelihood to set your premiums.