Vehicle Insurance

Not everyone understands how vehicle insurance premiums are calculated.  Some of the factors that determine vehicle insurance premiums include:

• The vehicle itself; including repair costs and safety ratings
• Location, as accident and theft rates vary from place-to-place
• Policy limits; greater coverage commands greater premiums
• Individual driving record and credit score; the past often foreshadows the future
• State requirements, if any
• Gender; males tend to drive more and have proportionately higher accident involvement
• Age; premiums are greater for younger and less for older drivers