Key Factors Influencing Auto Insurance Premiums: Insights from Mercury Insurance

Mercury Insurance highlights key factors that influence car insurance premiums, with driving record identified as a major determinant. Drivers maintaining a clean record without at-fault accidents typically benefit from lower rates, emphasizing controllable risk elements in policy pricing.

Other significant factors include the driver's age, vehicle type, and geographic location, which collectively shape insurance costs. The insurer recommends focusing on controllable aspects like vehicle choice and local insurance market rates to manage expenses strategically. Additionally, drivers are encouraged to inquire about available discounts such as safe driver, multi-policy, low mileage, anti-theft features, and good student discounts to further reduce premiums.