Before purchasing a new car, it’s essential to carefully consider the total cost of ownership, which includes gas, maintenance costs and insurance premiums. Car insurance calculators can provide a good estimation of monthly payments; however there may be other factors that impact this number as well.

Insurance providers consider numerous criteria when calculating policies. Some of the most significant include your driving record, location and vehicle type as well as optional coverages like collision or comprehensive. In addition, you’ll have to select your deductible amount; higher deductibles tend to bring lower rates but require you to cover more out-of-pocket if a claim occurs.

Your driving record and age, marital status and number of drivers within your household all play an important role when calculating car insurance costs. To gain the best idea of your premium costs it’s wise to get car insurance quotes from multiple providers so you can compare policies and select one suitable to your budget.