Below you can find a list of factors that may affect your auto insurance rates. The list is by no means complete and may differ depending on the company you are dealing with. This article will give you an outline of how insurance companies determine your car insurance rates.

• License suspension by police – be prepared for an increase in auto insurance payments once insurance company is made aware of license suspension. License suspension indicates that you broke the law, which automatically may put you into higher risk driving category.
• Your parking spot – a car parked outside is an easy target for thieves.
• Driver's Gender – if both a female and a male of the same age apply for car insurance with the same company, driving the same vehicle, with the same driving history – female will pay less than the male. The age difference may only have a high role up until a certain age group.
• Tickets for violation of law– If you regularly break the law, you are more likely to get into an accident than a safer driver who does not break the law.
• Driver license issue date – studies by universities, government and insurance companies, along with accident statistics show that experienced drivers are less likely to cause an accident that less experienced drivers. Insurers may offer discounts to experienced drivers, assuming the driving record is clean.
• Type of Car– the type of car that you drive may determine a large portion of your insurance payment.  Sports cars along with vehicles that have a lot of power cost more to insure. Car features such as anti-theft system, airbags, safety rating, etc, - have an impact on auto insurance premiums as well.
• Auto insurance claims and accidents – in most cases insurance costs go up regardless of who caused the accident.
• Car alarm – alarm and anti theft systems lessen the chances of car theft.
• Your birthday – date of birth is undoubtedly one of the main criteria that affects car insurance prices. Generally, younger drivers have to pay more, since they are viewed as riskier drivers. This is backed up by statistical data collected over the years by government agencies and insurance companies; young drivers get into more accidents.

Keep in mind that factors listed above, and those that are not listed, are all combined together to give an overall picture to the insurance company. Each factor may not affect the insurance rate much on its own, but together they can make a big difference in monthly insurance payments.

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