10 Surprising Factors Affecting Your Car Insurance Rates

The biggest factors that affect car insurance rates are state coverage requirements, age, and the car’s make and model.

The more coverage you’re required to buy in your state and the more valuable your vehicle is, the more you’ll pay for car insurance. Teen drivers also tend to pay more in premiums than older, more experienced drivers.

However, that’s not all! Here are 10 factors that also affect your car insurance rates.

10 Factors that Affect Your Car Insurance Rates

1. State Requirements

2. Age

3. Car Make and Model

4. High-Risk Violations

5. Yearly Mileage

6. Credit History

7. Driving Record

8. Zip Code

9. Marital Status

10. Gender

Some of the factors that affect car insurance rates are within your control, such as your credit history and whether you’ve ever been convicted of drunk driving. Other factors are at least largely out of your control, like your city’s population density and your age.

Your Insurance Score – What’s That?

Also called an insurance credit score – is a numerical point system based on select credit report characteristics. There is no direct relationship to financial credit scores used in lending decisions, as insurance scores are not intended to measure creditworthiness, but rather to predict risk.

Insurance companies use insurance scores for underwriting decisions, and to partially determine charges for premiums. Insurance scores are applied in personal product lines, namely homeowners and private passenger automobile insurance, and typically not elsewhere.

Each carrier has their own criteria on how they score you. A insurance score is typically 1 part credit. 1 part claims history.

So there you have it. There are many different factors both in your control, and outside of your control that affect your rates. Just be sure to have a good understanding of what your coverages actually are! There are many people who just shop to get the cheapest rate. This is dangerous because you could be seriously limiting your own coverages.

Next time your renewal is up, make sure to reach out to your agent and learn yourself up on your coverages!

Rating or score concept. Gauge with needle pointing to excellent. Vector illustration
Sherry BermanSherry Berman
17:55 08 Dec 22
We just moved over to e3 with Chris Stone, 1 1/2 years ago. Our house flooded during snowmeggedon in Texas last February. The insurance companies were overwhelmed with phone calls from Texas. Our insurance company was not responding to us on a timely basis, and because of the supply chain shortage, we knew we needed to act quickly. Chris knew who to talk to at our insurance company, and was a total advocate for us and made sure that our needs were being taken care of. Our last insurance agent was the advocate for the insurance company, not us. Chris knows the business inside out. He guided us along the process of what to do. e3 represents many different insurance companies, which gives Chris the ability to guide you into the best policy that meets your needs. He explains the insurance lingo in layman terms, and makes sure that you and your family are protected. My husband and I totally trust Chris to give us the best policy with in our budget.
Andy BermanAndy Berman
21:56 07 Dec 22
e3 Insurance and Chris Stone are simply the best!! After experiencing a flood in our house and a total redo necessary, Chris made the experience completely seamless!! There simply is no one better!!
Alex ThipkhosithkunAlex Thipkhosithkun
19:32 03 Nov 22
I can't say enough good things about Chris at e3 Insurance. He really is an expert in his field and was really helpful and thoughtful through my home and car insurance purchasing experience. But it doesn't stop there. Recently, I was facing a relatively stressful plumbing situation with my newly purchased house and after talking to Chris and putting me in contact with the right people, they had someone come out THAT afternoon-- Amazing!
Austin SandozAustin Sandoz
14:45 06 Oct 22
Chris was a client of mine for a long time. When I reached out to get a quote I was blown away. I found out my brand-new 2022 Jeep was severely underinsured and I had little to no protection for my assets.After comparing my old policy side by side with my new policy he was able to quadruple my coverage and protect my assets for LESS than what I was paying before. When it's done right, it's done right.
Sheryl KlousiaSheryl Klousia
14:29 06 Mar 22
Chris has been extremely helpful in finding us great policies for house and car insurance. He reviews our policy yearly to ensure we are getting the best rate and best coverage… and recommends changing when needed. We are very satisfied with his service… he has saved us so much over the 3 years that we have been with him ! So glad we found him. Our kids all use his services also !

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