What Determines My Insurance Rate

What Determines My Insurance Rate

Firstly, what you pay for an insurance premium depends on several factors. Some factors you can control, such as your driving record. However, there are some factors that you cannot, like your gender.

Not all insurance companies have the same parameters. But, here are a few common factors that help determine your insurance rates.

Because Insurance Navy wants to get you the best coverage for your needs, we compare car insurance rates from all over so you don’t have to. We also compare rates for a bevy of other types of coverage because we know rate comparisons can be an incredibly tedious thing for you to go through yourself.

Date Of Birth

Older drivers are less likely to have accidents. Therefore, according to the Insurance Information Institute, insurance companies typically charge more if you have people under 25 listed on the policy.


Statistically, men tend to have more accidents, DUIs, and more serious accidents compared to women. So, men often pay more for auto insurance coverage than women.

Marital Status

Statistically, married couples are less likely to have car accidents and injuries. Because of this, they often pay less than people who are single.


There are a few factors that can affect the cost of insurance rates by state, town or neighborhood. With your zip code, we can check vandalism, theft/accident rates, medical area, repair costs, and the weather in your area. Moreover, all of these can make the costs of your insurance rates go up or down. For instance, people in larger cities tend to pay more than people in rural areas do.

Driving Record

Similarly, a good driving record means a lower premium. So, if you have serious accidents, DUIs or license suspensions, you may pay more for a policy. Or, may even require an SR-22 filing for a number of years.


A vehicle identification number allows us to look up the summary of a car. We do this because the summary includes make and model, body style, engine and transmission type. It also has extra information the insurance company may want to know. This includes if the car has any safety enhancements, braking systems or recalls that may affect the outcome of an accident.


These are used to assess the risk of insuring a car. Symbol ratings determine the danger of bodily, property injury and medical costs associated with the specific make and model.

Additional Drivers

Adding drivers may increase or decrease your insurance rates depending on their driving history. If you choose to add a spouse with a good driving record, your insurance costs may go down. If you add a younger driver such as a teenager, your insurance costs will go up.

Desired Coverage

Liability coverage is the most economical type of coverage that keeps you in compliance with state law. Adding extra coverage will make your insurance rates go up. These coverages include comprehensive and collision coverage, roadside assistance and rental reimbursement.

More Information 

Do you have any additional questions regarding auto insurance rates, insurance discounts, or filing a claim? Our insurance agents and customer service team is here to help with your insurance coverage needs. Call us today at 888-949-6289 or visit your nearest Insurance Navy location. Because we care about your convenience, our offices open from 8 a.m. to 9 p.m. CST. Moreover, 7 days a week.

We can help you find a car insurance quote right on our Insurance Navy website. Because we want to help you save money wherever possible, we offer our insurance quotes completely free of charge. 

By navigating our website, you can also inform yourself about many useful topics, such as coverage for repairing or replacing parts for your car after a crash, how to file a police report, and why you should never admit fault immediately following a car crash.

We also have a strong presence on social media. Like or follow Insurance Navy on your preferred social media platform–Twitter, Facebook, Instagram, or even YouTube. We’ll keep informed on helpful car insurance company tips, local news and much more.

Lastly, we also have blogs that may help you with any questions you have. Our blogs cover many different topics. From how to keep your car cool in the summer, to proper steps to take after Godzilla damages your car.