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How do you calculate the insurance rate of a car?

How can you calculate what the insurance rate of your car will be? I'm getting ready to switch insurance providers. I have no idea what my premium will be or how they'll decide on the rate.

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Joshua Levy · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“The cost of
car insurance
often worries drivers since rates often vary significantly from person to person.
It’s hard to calculate your own insurance rate because each provider will use slightly different methods to calculate your premium. However, most insurance companies will consider the same factors when determining how high your premium should be. Some of the biggest factors they might consider are:
  • Age
  • Type of coverage
  • Driving record
  • Location
  • Insurance history
  • Type of car
While it’s challenging to determine a specific number, you can use these factors to predict if your premium will be higher or lower than average. For instance, a teenager with a
Mercedes-Benz
will have a higher premium than an adult with a
Honda Civic
.
Outside of these factors, you can take further steps to ensure you get an affordable premium. Try comparing quotes from at least three insurance companies before settling for a provider. You should stay on the lookout for discounts and do your best to maintain a
clean driving record
.
If you’d like some help finding affordable auto insurance, you can also try
Jerry
. A licensed broker, the Jerry app does all the hard work of finding and comparing the cheapest quotes from top name-brand insurance companies. Jerry will even help you buy new coverage and cancel your old policy!”
View full answer 
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

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