(651) 636-6911

What Factors Determine My Auto Insurance Rates?

Reasons Insurance

What Factors Determine My Auto Insurance Rates?

Insurance companies consider a variety of factors when determining your auto insurance premiums. Right now inflation is impacting auto rates at all insurance companies but that is outside of our control unfortunately.  Some factors are in your control and can be managed. The main categories impacting rates include:

•Personal information

Drivers under 25, especially men, are seen as higher risk than older drivers and those who are married.

•Driving record and credit history

Safe drivers with good credit typically pay less for auto insurance.


Densely populated areas often have higher rates of vandalism, theft and car crashes. This could translate to higher premium costs.

•Vehicle characteristics

Vehicles with below-average safety ratings or with parts that are expensive to repair may cost more to insure.

Planning a move or new car?  Give us a call and we can talk you through it.  We are here to help.

Skip to content