What Factors Contribute To High Car Insurance Premiums? 
That is an excellent question ! There are many factors that contribute to how the companies set their premium prices . The first thing to know is that insurers are all about the risk . The more risk that they will have to pay out , the higher your premium payment will be . Why ? because they do n't want to collect a couple of payments from you , and get stuck paying out a large sum . So your driving record will be the first thing . Your age and gender will be a factor . Young male drivers are higher risks than middle-aged mom 's , for example , so the young man will likely pay higher premiums than Mom will . What you are driving also plays a part , a sports car or expensive to repair vehicle will cost more than a gently used family car would . A new vehicle verses an older one , for the same reasons . Then there are things like your credit history , and where you live ; and the companies profit margin to consider . There can be more , but these are the big ones that you can count on as factors . I hope that answers your question , thank you for asking ! 