 TITLE: How Long Does an Accident Stay on Your Insurance? CONTENT: What Else Affects Your Auto Insurance Rates?\n--------------------------------------------\nYour driving record isn't the only factor that affects your auto insurance rates. Every state has its own minimum coverage requirements, and rates tend to vary from state to state. Things like your gender, age and marital status and how much you drive can all come into play as well. And if you opt for a pricier car that's more expensive to repair or more likely to be stolen, you could end up paying a higher premium. Moreover, insuring a car that's leased or financed tends to be more expensive as your lessor or lender will likely require you to purchase additional coverage.\nA policy that has a higher deductible, which is the amount you'll pay in out-of-pocket costs before your policy coverage kicks in, generally comes with lower premiums, and vice versa. Just bear in mind that a high deductible could be costly in the event that you have to file a claim.\nIn most states, car insurance companies can also consider your credit when determining your rates by using a credit-based insurance score. Like your consumer credit scores, credit-based insurance scores are based on things like your debt payment history and account balances. If you have a high credit score, it's likely you also have a high credit-based insurance score. Having a strong score can unlock lower rates because it suggests that you may be less likely to file a claim in the future. END