The cost of auto insurance will depend on many factors. One factor includes where you live. In some areas the cost of auto insurance will be higher due to increased automobile theft, of a higher rate of traffic accidents. Another factor that will affect the cost of auto insurance is your age. Young drivers generally have a higher cost for auto insurance than older drivers who have more driving experience.
What kind of car you drive also affects the cost of your auto insurance. A bright red rare sports car may very well cost more to insure than the standard family mini van. Those who set the insurance rates may decide that the sports car is more likely to be stolen or in an accident than the mini van.
Your gender, marital status, grades (if you are a student) all affect the cost of auto insurance. Young men are statistically in more accidents than women and so they pay a higher price for auto insurance. Married people statistically have fewer accidents and tend to pay less than their single counterparts. Young teenagers who have good grades are considered a better risk as well. Perhaps the adjusters feel that good grades mean more time studying and less time driving.
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