You’ll see lots of commercials out there telling you to take 15 minutes to get a new car insurance quote, you can’t find one that says what if taken into account to give you that quote. We did find this handy infographic (courtesy of www.car-insurance.com) that goes into more detail about what factors determine how much you pay. Though no one know the exact formula that determines your insurance costs, they have made some educational guesses here. Did you know that insurance companies have their own “insurance score” similar to your credit score? They also take into account many things unrelated to driving, like your job and credit rating.
After your peruse this graphic, you’ll have a better idea about what affects your insurance costs.
Click the infographic to view the full-sized version: