While you are certain to know at least
a couple of the most likely factors to affect your auto insurance
rates, you may be surprised by just how many variables are actually
taken into consideration, and by how each of these variables is
specifically assessed. Some of these may be familiar to you, and some
may not:

Gender: Gender is
actually very closely linked to age in that it is more of an
affecting factor when assessing younger drivers. While we have
determined that the riskiest age group for drivers is the 16 to 23
range, this risk is not shared evenly among genders: young male
drivers are far more likely to be involved in a fatality than young
female drivers. Interestingly enough, drivers in this category may
get a bit of a break if they are married: it turns out that married
men are less likely to engage in risky driving than their single
counterparts. The more advanced you become in years, the less likely
gender is to be a factor in determining your premiums. That said,
there are insurance companies that will consistently offer lower
rates to women.
Your home: What? But I
don't drive my home, I drive a car! Ah, but where you live certainly
has a bearing on how likely it is for you to be involved in
collision. For example, those living in densely populated urban
regions are far more likely to be involved in an accident than those
living in remote, rural areas. When buying a new home, and trying to
decide between the convenience of being in the heart of the city
versus the relative quiet and affordability of the suburbs and
beyond, perhaps the effect your neighbourhood has on your auto
insurance rates should factor into your decision!
Daily driving time: Even
if this was not one of the factors that immediately occurred to you
as having an effect on your auto insurance premiums, certainly the
reasoning here is intuitive to you: obviously, the more time you
spend on the road, the more you increase your chances of being
involved in a collision. Shorter commutes equal less risk. (Perhaps
this is a factor to consider in favour of choosing a home in
the city if you'll need to be there daily!)
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