Who You Are Affects Your Premium

Your age, gender and driving record are factors that you can least control may have the greatest impact on your insurance cost. Those factors are key that affect your insurance premium.

Single males under the age of 25 should pay the highest rates for the coverage. Insurance companies charge them very high because statistic shows they are involved in the most accident. But married men pay less than single men because statistically they have fewer accidents. There are fewer states do not allow rates based on sex or age.

Your premiums will likely go up if you are convicted of moving traffic violation, no matter what your age. Driver with clean record - no ticket no accidents - pay the lowest rates.

Your Vehicle Affects Your Premium

You might want to buy a luxurious sports car or a fancy SUV, but watch out; your insurance company may charge you more for such car to protect you while driving it.

Insurance premiums are based partly on the price of the car, which affect the replacement cost if it is stolen or get accident. More expensive the vehicle is to repair, the more expensive your insurance premiums.
The lowest premium for injury claims are from large vehicles such as pick up trucks. Small cars with 2-4 doors have highest injury claims.

If you plan to buy a sports car, you'll pay more for the insurance, it could be two or three times more expensive than amount for ordinary model.

Sport Utility Vehicles often have higher insurance rates than mid and full-size cars. SUV are "hot" for other reason: the are the most frequently stolen cars and the price are more expensive than most cars.
However, insurance companies set rates based on their own experience. If Company A has more collision and theft claims for a particular vehicle than Company B, then A will charge more for the same coverage. It all boils down to a company's actual experience with a particular vehicle or category of drivers. That is why it pays to shop around for insurance