What factors determine the cost of my insurance policy?

The cost of your insurance policy is determined by several factors. Firstly, your age and gender play a significant role as younger drivers are often considered higher risk and may face higher premiums. Secondly, your driving record and history, including any past accidents or traffic violations, are taken into account. Additionally, the type of vehicle you own and its value can impact the cost, as more expensive cars may require higher coverage. Furthermore, your geographical location is considered, with areas with higher crime or accident rates generally resulting in higher premiums. Lastly, the level of coverage, including deductibles and limits, and any optional extras you choose will also affect the overall cost of your insurance policy.