Insurance pricing can feel like a black box, but insurers generally weigh a consistent set of factors — they just weigh them differently from one company to the next, which is exactly why comparing quotes matters.
Driving record
Accidents, violations, and convictions are the most heavily weighted factor for most carriers. A DUI conviction, in particular, significantly affects pricing and is the trigger behind most FR44 requirements in Florida.
Coverage limits
Higher liability limits mean more potential payout exposure for the insurer, which increases your premium. This is a core reason FR44 policies (which require higher-than-standard limits) cost more than typical policies, independent of the driver’s history.
Vehicle details
A vehicle’s value, repair costs, safety ratings, and theft rates all factor in. Two drivers with identical records can see different rates simply based on what they drive.
Location
Insurers use location-based claims data — accident frequency, theft rates, and even weather-related risk — to adjust pricing by ZIP code or region.
Policy history
Continuous coverage without lapses is generally viewed favorably. A gap in coverage, especially one reported due to an FR44 or SR22 violation, can increase pricing even after the gap is resolved.
Credit-based insurance score (where permitted)
In states where it’s allowed, insurers may use a credit-based score as one factor among many. This varies by carrier and by state regulation.
Why the same driver gets different quotes
Because each carrier weighs these factors with its own proprietary formula, two insurers can look at the exact same driver and arrive at meaningfully different prices — especially for higher-risk categories like FR44. Some carriers specialize in high-risk coverage and price it more competitively than general insurers who treat it as an exception case.
What this means for you
The practical takeaway is straightforward: because rate calculation methods vary this much between carriers, comparing multiple quotes is the most reliable way to find a fair price for your specific situation, rather than assuming any one company’s number reflects the market.
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