Ever wonder what determines the cost of your auto insurance? Is it your years of experience as a driver or how much your car cost? Maybe it involves recent traffic violations? Or is it a combination of all of these factors.
According to the Insurance Information Institute, auto insurance premiums are calculated using many factors. The organization also notes that some insurance companies weigh certain factors heavier than others. Those factors impacting the cost of an auto insurance policy generally include the amount of coverage, types of coverage chosen and other factors.
Check out the following infographic to learn more.