The amount of coverage and type of policy the driver chooses has a significant impact on a car insurance quote, according to AAA MountainWest. The driver's age and credit score are also important factors. Each insurance company uses slightly different formulas to determine insurance rates, but driving history is another significant factor, notes DMV.org. Drivers who have a history of accidents, moving violations or have had their licenses suspended or revoked are considered higher risk and are usually charged more.
People with lower credit scores may have a higher likelihood of risky driving behaviors, according to DMV.org. If local laws allow it, the insurance company may pull a credit report to make a final decision.
People under age 25 are considered riskier drivers and thus cost more, notes DMV.org. The location where the car is typically parked is also a factor, with more dangerous neighborhoods costing more. Neighborhoods with heavy traffic may also drive up the price of the quote. Even the type of car can affect the price, since some models are at higher risk of theft or other claims. Women are also considered safer drivers than men, so are typically charged less.
Students may also qualify for certain discounts, notes Autos.com. AAA offers discounts for high school students who maintain a high grade point average and are able to provide transcripts to the company as proof.