How Are Auto Insurance Premiums Calculated? 
Great question ! Insurance companies use a great number of variables in determining your rate . The make , model and year of your car , for example . A new Porsche will cost more to insure than a 2005 Escort , for example . Where you live , the rate of uninsured motorists , and the auto theft rate are also factors they consider . Your credit rating can also be a factor , by the way . Then you get into the profitability of the company and their fees . And then to the coverage that you desire , your driving record , and your age . All of those factors help determine the rate that you will pay . If you shop around , you will find there can be big differences in those rates . If you need more information , please feel free to contact me , I 'm happy to help ! thanks for asking ! 