Vehicle mileage :Your car insurance premium will be directly proportional to the usage of the vehicle. If you drive more and if mileage is increased then you will have to pay more premium. You will have to pay more premium because the more you drive the more you are prone to accidents.
Age, Gender, marital status : The premium rates for female drivers will be less when compared to male drivers. Male drivers who are 25 years and are unmarried pay more insurance premiums. Premium depends on the traffic records and if they are prone to risk.
Type of the car : You will have to pay through your premiums for the fancy cars you own. The costlier the car, the costlier will be your premium. Your insurance rate will be less if you are driving a basic model or a old car. Insurance companies judge the premiums based on the car model history. They keep record of the accidents that model has had and number of thefts of that model and so on.
Area of residence : Statistics have made based on the area of residence and later the premiums are decided based on it. Your insurance rate will increase if your area is prone to more car thefts and has got many car accidents in the past. If you are staying in a area which is more crowded or in the city centers then those areas are more prone to thefts and hence you need to end up paying more premiums. If you are staying in a residential area then your premium rates will be lesser. If you are staying in area which has history of natural disasters then you will have to pay more premium.
Individual Driving record : The factor which affects your premium rates the most is the driving record. Your premium will be less if you have clean driving record. If you have committed many traffic accidents then your premium rate will increase.
Type of Coverage : Depending on the type of insurance you choose, your premiums vary. Each company has different coverage type when you opt for. If you select basic coverages then your premium rates will be lower but if you will have to pay more if you opt for comprehensive coverage.