Everybody pays a different amount of premium fee despite the fact that their cars are probably exactly the same; the brand, model, and year can be the identical, but insurance company has its own ways to determine the price of the coverage policies based on many other things.

Even when they apply for insurance policies at the same time, each driver possibly gets different car insurance estimate or quotes, so the difference in price is not always because the insurance carrier increases the price at any given time. Besides car model or year, your insurers use plenty of other variables to calculate or determine the actual price you need to pay. In most cases, the variables are concerning individual data, for example address, mileage, age, driving record, past accidents, and more. You may be at the same age with your friend and own exactly the same car, but it is almost impossible for both of you to have the same mileage and address, which according to insurance companies, are important factors. The possibility of two exactly the same driving record is also highly unlikely.

There are actually plenty of independent companies that provide car insurance calculator services free of charge through their websites. By using the provided platform you can try to at least predict the premium fee you need to pay with major insurance carriers in the country. The platform requires you to give some personal data, for example age, address, profession, involvement in accidents (if any), safety features installed in your car, and more. Since everything is done online, it is important that sensitive data, such as credit card number, remains undisclosed. Car insurance estimator, therefore, cannot give 100% accurate estimation because some variables are probably missing from the systems’ equations. Credit card score plays major role in determining the premium fee, and many insurance companies still use credit history to calculate the price for customers.

The online platforms can be considered the simplified version of the actual model of calculation done by insurance company. As mentioned earlier, many of such services are provided by independent companies, meaning they do not sell coverage policies or work with certain insurers in order to increase sales. Even the simplified version can produce quite accurate car insurance estimate, but you should expect some differences between their methods of calculation and the actual insurance companies’. Each company basically has its own car insurance calculator with each variable has different values.