by 
The Curious Bag
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Car insurance premiums vary depending on many different factors. They use statistics to determine how likely they think you are to be involved in an auto accident. The more likely you are, the higher your premiums will be.
Age
The younger the driver, the less experience he usually has, making him a greater risk for an accident. In addition, younger drivers tend to speed and drive more aggressively, both of which lead to more accidents.
Location
People are more likely to get in an accident in a big city as opposed to a rural area. Incidents of auto theft are higher in urban areas as well.
Your Driving Record
Insurance companies believe your past behavior is a good indicator of what may happen in the future. If you have been involved in multiple accidents, you will pay higher insurance premiums than someone who has a clean record.
Vehicle Type
A less expensive car costs less to insure than an expensive car does.
Credit Rating
Some insurance companies think that people with a poor credit history may be a higher-risk driver, too---and will charge a higher premium.
Source:
GoInsuranceRates.com; How are Auto Insurance Premiums Determined?
CarInsurance.com; Factors That Affect Your Car Insurance Premium
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