Deductible- This is the amount of money that you pay after an accident. The insurance company will determine how much it will cost to repair your vehicle and you will have to pay your deductible and the insurance will cover the rest. The higher your deductible, the lower your insurance bill will be.
Claims- The more accidents on record, the higher your insurance will be.
Age- Younger drivers have high insurance rates as they are less experienced drivers.
Gender- Males have higher rates as they tend to drive riskier.
Location- Depending on where you live, your insurance will be affected. If you are living in a high crime area, the higher your insurance will be.
Vehicle- Depending on what vehicle you choose to drive, your insurance will be affected. Sports cars cost more in insurance than regular sedans.
Driving Habits- How often you drive, how far away your work or schooling is from home, all influence your insurance rate.