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What Factors Affect my Premium?

• Your age.
  Generally, single male drivers under the age of 25 and female drivers under 21 have much higher insurance costs than other drivers.
• Where you live.
  Urban areas have a higher incidence of accidents and auto thefts than rural areas, so urban rates tend to be higher.
• Type of car.
  Luxury, sports and high-performance cars have the highest comprehensive and collision rates.
• Your deductibles.
  A deductible is your share of the cost of comprehensive or collision coverage. If you opt for a high deductible, your premiums will be lower. However, in the event of an accident, your out of pocket will be greater. For example, buying collision coverage with a $500 deductible will cost less than the same coverage with a $250 deductible.
• Your driving record.
  If you have a good driving record, some companies will offer a discount. Tickets and at-fault accidents can mean higher premiums.

All information courtesy of: Louisiana Department of Insurance's Publication - Consumer's Guide to Auto Insurance