Finding cheaper auto insurance by quoting online saves time, is easy to do and at the same time you can save money. The key to finding lower rates is to take the time to get rates from all companies in order to have the lowest prices.

Finding the best direct price on auto insurance is challenging if you are a beginner to online quotes. But don't be discouraged because it's actually quite easy. Cutting your is a fairly straight forward process. Drivers just need to take a couple of minutes getting comparison quotes online from several insurance companies. It is quite easy and can be accomplished by comparing rates here.

What factors determine your insurance rates?

Car insurance premiums on a 2003 can vary widely and are calculated by many factors. Taken into consideration are:

  • Tickets increase premiums
  • Credit rating
  • Your gender can raise or lower rates
  • Deductible amount directly impacts your rate
  • Your vehicle's safety rating
  • Your claim history
  • Having continuous coverage saves you money
  • Whether you rent or own your home

An additional factor which can affect is the year of the vehicle. Newer models have a higher actual cash value than older models so the costs to repair can inflate annual premiums. Although newer models may have safety features included like all-wheel drive, a rollover prevention system, and adaptive headlights which can lower rates.

Liability coverages - This protects you from damages or injuries you inflict on people or other property that is your fault. Liability coverage pays for things such as emergency aid, pain and suffering, and medical services. It is cheap coverage so you should buy higher limits if possible.

Collision - This pays for damage to your resulting from a collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company. Collision coverage for your 2003 can be pricey, so analyze the benefit of dropping coverage from older vehicles. You can also raise the deductible in order to get cheaper .

Comprehensive coverages - This coverage pays for damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if it's not worth much more than your deductible consider dropping full coverage.

UM/UIM Coverage - This protects you and your vehicle's occupants from other motorists when they do not carry enough liability coverage. Since a lot of drivers only carry the minimum required liability limits, it doesn't take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.

Coverage for medical payments - Med pay and PIP coverage kick in for expenses such as doctor visits, EMT expenses, and X-ray expenses. They are often used in conjunction with a health insurance policy or if you are not covered by health insurance. PIP coverage is not available in all states and gives slightly broader coverage than med pay.