What factors affect the cost of my insurance premium?

Several factors can influence the cost of your insurance premium. These factors typically include your age, gender, marital status, and previous insurance history. Younger drivers usually have higher premiums due to their lack of driving experience, while older drivers may receive discounts for their years of safe driving. Gender can also affect the premium, with males having higher rates due to statistically riskier driving behavior. Being married often leads to lower premiums as married individuals are perceived as more responsible. Additionally, your insurance history can impact the cost, with a good claim history resulting in lower premiums. Other factors like the type and value of the insured vehicle, your address, and annual mileage can also influence the premium amount.