Car insurance companies do not want you to know the following about their pricing:
Previous auto claims can raise rates.
In most states, insurance companies view your credit histories and score. The higher your score, the lower your premiums could be. Only four states — Michigan, Massachusetts, Hawaii, and California — don’t allow your credit score to impact your premium, which means drivers with poor credit can still find reasonable rates.
Your age impacts your car insurance premium. Younger drivers typically have higher rates, while more experienced drivers pay less.
Males tend to pay more for auto insurance than females, although the difference is more pronounced the younger the male is.
Auto insurance companies view those who are married as more financially stable and safer drivers, so they generally give those drivers lower premiums.
Your occupation could lower or raise your auto insurance premiums. For example, jobs considered less risky include accountants, pilots, police officers, and teachers, while positions deemed riskier include servers, doctors, social workers, and rideshare drivers.
The higher your education level, the lower your premiums will likely be. Insurers view those with a bachelor’s, master’s or Ph.D. degree as less risky than those with a high school degree only.
If you have a loan for your car, you may pay a higher premium because your lender may require collision, comprehensive, and gap insurance.