How does an auto insurance company determine my premium?

Asking the question, "how does an insurance company determine my premium?" means you're serious about what coverage you have. Auto insurance companies determine your premiums through several factors, such as driving record, credit history, and age. On average, car insurance companies charge $90 to $268 for full coverage insurance. However, your personal factors determine your rates. Shop around and compare multiple insurance companies to get the best insurance rates.

UPDATED: Mar 20, 2024Fact Checked

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Maria Hanson

Insurance and Finance Writer

Maria Hanson grew up with a unique passion and understanding of both the automotive and insurance industries. With one grandfather in auto mechanics and another working in insurance, you could say automotive insurance is in her blood. Her love of research and finance serves her well in studying insurance trends and liability.  Maria has expanded her scope of expertise to home, health, and life...

Insurance and Finance Writer

Brandon Frady

Licensed Insurance Agent

Brandon Frady has been a licensed insurance agent and insurance office manager since 2018. He has experience in ventures from retail to finance, working positions from cashier to management, but it wasn’t until Brandon started working in the insurance industry that he truly felt at home in his career. In his day-to-day interactions, he aims to live out his business philosophy in how he treats hi...

Licensed Insurance Agent

UPDATED: Mar 20, 2024

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