Insurance companies are all about guesstimating the potential risks a customer can be involved in. As no one can see the future, plan providers will have to rely on assumptions. Right then and there, you will be judged by your membership of a class based on your age, gender, the job you have, what type of vehicle you drive and whether you have a good driving record with no tickets. Yes, these are the factors that will generate your car insurance rate. Other determinants are listed below:

* If you are a responsible person with a good credit record and a clean driving record, you will pay a lower premium.

* The lower your annual mileage is, the lower your premium will be.

* The more expensive your vehicle is, the bigger your premium will be. Maintaining a powerful sports car will cost more that a cheap regular car.

Also take note that every insurance policy gives you the option of paying a deductible. These usually come in the amounts of $100, $250, $500 and $1,000. Should there be a claim against your policy, you’ll pay the agreed amount and the insurance company pays the balance. You’ll get bigger discounts only if you agree to pay the maximum deductible.