What Determines My Insurance Rate


The amount you pay for insurance premium depends on several factors. Some factors you can control, like your driving record, some you cannot, like your gender. Not all insurance companies have the same parameters, but here a few common factors that help determine your insurance rates.

Date of birth

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


Statistically men have more accidents, DUIs, and more serious accidents compared to women. As a result, men often pay more for auto insurance than women.

Marital status

Statistically, married couples are less likely to have car accidents and injuries and often pay less than single policyholders.


With your zip code, Insurance Navy can check the vandalism, theft and accident rates, medical area and repair costs, as well as weather in your area. All these can increase or decrease the costs of your insurance rates. Typically, people in larger cities pay more than people in rural areas do

Driving record

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


A vehicle identification number allows Insurance Navy to look up the summary of a car, including the make and model, body style, engine and transmission type.  The VIN also contains additional information the insurance company may want to know, including if the car has any safety enhancements, breaking systems or recalls that may affect the outcome of an accident.


ACVs and symbols are used to assess the risk of insuring a car. Symbol ratings determine the danger of bodily and 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 add a spouse with a good driving record, your insurance costs may decrease. If you add a teenager, your insurance costs will increase.

Desired coverage

Liability coverage is the most economical type of coverage that keeps you in compliance with state law. Adding extra coverages like comprehensive and collision coverage, roadside assistance and rental reimbursement to your policy will increase your insurance rates.