What factors affect the cost of my insurance premium?

The cost of your insurance premium is determined by various factors. One primary factor is the type of insurance coverage you need. For instance, different types of auto insurance policies offer varying levels of protection and have different premiums. Another factor is your insurance history, including previous claims and driving record. Insurance companies also consider factors such as your age, gender, and marital status, as they can influence risk levels. Additionally, the make and model of your vehicle, your location, and your annual mileage are also considered. Your credit score may also impact the cost of your insurance premium. Lastly, any additional coverage options, deductibles, and discounts you select will affect the final cost. It's important to discuss these factors with an insurance agent to find the most suitable and affordable coverage for your specific needs.