Car insurance rates vary on a person-to-person basis. There are a variety of personal factors that may affect costs for insurance.

While many know that things like age and driving history directly affect car insurance costs, there are other factors that many may not realize also have an effect on how insurance companies assess costs.

Here are five personal factors that affect car insurance rates:

  1. Driver Profile

Your driver profile is basically a snapshot of your driving history and habits: how many miles you drive every year, history of accidents and traffic tickets, etc.

The amount of miles you drive every year helps insurance companies determine your percentage risk for accidents e.g. the more you are on the road, the more susceptible your car is to an accident.

A safe driver profile indicates to an insurance company that you are less-likely to be an insurance liability.

  1. Your Car

What kind of car you drive also affects your insurance premium. Insurance companies look at how much a car costs, costs of repairs and safety ratings to determine insurance premiums.

Other aspects like anti-theft components or added safety features are also looked at by insurance companies.

A reliable, safe vehicle is much cheaper to insure than an expensive one with high repair costs.

  1. Personal Info

Age, occupation, and where you live affect car insurance rates. Insurance companies assess statistical data to see how each of these factors pose a liability. They look for similarities and patterns in these groups related to insurance claims.

Statistically, a teenage boy has a higher likelihood of accidents compared with that of a 40 year-old man. As such, a teenager’s insurance premium will be higher than the adult’s.

Insurance companies look at occupations as a way to determine how much time is spent on the road as part of the job. An outside sales job likely requires one to be driving more than an office job. Insurance companies see this as greater risk of accident.

Where you live tells insurance companies a lot about how to assess insurance costs. They look at accident trends in your area, rate of car thefts, medical care costs and costs for car repairs.

  1. Chosen Insurance Coverage

The amount of insurance coverage you choose as well as the deductible amounts you set affect what you pay in premium.

Extensive coverage with low deductibles mean higher premium costs.

  1. Credit Score

Though this is a topic of debate in some states, insurance companies will often look at your credit score when assessing rates.

According to insurers, how a person manages their financial profile speaks to their likelihood of the frequency of insurance claims they might file.