Your premium is determined by a number of factors. This includes your coverage needs and risk factors. Along with the amount of insurance coverage and the particular policy you choose, your age and gender are considered. Personal health history and family health history, such as chronic illness or hereditary diseases, can impact premiums. Personal habits and choices, like smoking or engaging in high-risk hobbies can lead to higher premiums. Your employment may also be considered, as some jobs are higher risk than others.