The price an insurance company charges for coverage, based on the frequency and cost of potential accidents, theft and other losses. Prices vary from company to company, as with any product or service.Premiums also vary depending on the amount and type of coverage purchased; the make and model of the car; and the insured's driving record, years of driving and the number of miles the car is driven per year. Other factors taken into account include the driver's age and gender, where the car is most likely to be driven and the times of day—rush hour in an urban neighborhood or leisure time driving in rural areas, for example. Some insurance companies may also use credit history related information. (See Insurance score )

"Auto Insurance Premium" In Context

"In fact, it can be very frustrating as there are hundreds of totally different companies out there. Many factors can affect your auto insurance premium. Your gender, car type, your age and so on. One of the most important factors is, of course, to have a ..."