What factors affect my insurance premium?

Several factors can influence your insurance premium. One significant aspect is the type and level of coverage you choose. More extensive coverage or higher limits often result in higher premiums. Other factors include your age, as younger policyholders tend to pay more due to their perceived higher risk. Your driving history, including accidents and violations, also affects your premium, with a clean record generally resulting in lower rates. The make, model, and year of your vehicle are also considered, as more expensive or high-risk cars can increase your premium. Additionally, factors like your credit score, location, and usage patterns may impact your insurance costs. Finally, previous claims and the coverage history also play a role in determining your premium.