Key Factors Affecting Insurance Premiums

Credit History

A lower credit score can lead to higher premiums, as insurers consider it a sign of potential risk

Driving Record:

A clean driving record usually results in lower premiums, while accidents and violations can increase costs

Driving Experience

More experienced drivers generally receive lower rates compared to new or young drivers

Location

Living in areas with high traffic, crime rates, or accident frequencies can increase insurance premiums

Car Make and Model

Premiums differ based on the car's make and model, with more expensive or high-performance cars costing more to insure