How Insurance companies determine quotes for saloon insurance?

Answers: It's to do with risk factor. How likely you are to draw from an accident and claim. Source(s): http://cars.guidearticles.com/insurance-…
Auto insurance rates may be calculated based on a specific formula to be exact different with each company. Factors such as age, motor location, driving history, annual miles, coverage options, number of vehicles on policy, amount of claims file, safety and security equipment available to label a few. Below is some more reasons insurance rates can vary. Source(s): http://www.nationwidebillrelief.com/blog…
Your driving record and your credit report
You can easily check quotes surrounded by internet, for example here: http://autoinsurance.maclenet.com
Every item they asking for - driving record, type of the car, credit evaluation - influence your quotes.
By determining your risk factor. Male or female. Over or under 25 years of age. What coupé. What ZIP. Driving record. Even credit rating is considered.

As you can imagine, a 17 year ancient with a Mustang, and speeding tickets, living in downtown Los Angeles will salary more than a 50 year old driving an Oldsmobile in a small town within Kansas with no tickets.
Try using http://My-InsuranceSearch.com to compare car insurance rates for adjectives the major providers in your nouns.
It's largely based on the company's historical risk profile of

1) The type of car & it's convenience (sports cars are a higher risk)
2) Where you live (There are more thefts etc contained by some areas than others)
3) Your age, sex and possibly occupation (Women are less risk as are older people)
4) Your driving text (how long, how many claims etc)

Some companies also don't really want certain types of business so they quote over the top.

I've never hear of credit checks being used, but I'm talking give or take a few the UK may be different elsewhere, but not sure why they would be.

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