Finding cheaper car insurance by getting online quotes is easy and at the same time you will probably save money. The key is to take the time to get as many rate quotes as possible so you can compare the lowest rate quotes.

Consumers who are new to the process of comparison shopping may think purchasing cheap 2003 insurance is nearly impossible. To find the best car insurance prices, there are several ways to get quotes from different insurance companies. By far the easiest way to find the lowest is to perform an online rate comparison. It is quite easy and can be accomplished by visiting this page.

What factors impact your insurance rates?

Insurance rates for a 2003 can vary widely based upon several criteria. Taken into consideration are:

• Your driving record
• Credit rating
• Men typically pay more than women
• Higher deductibles save money
• Your vehicle's safety rating
• Your profession
• The level of coverage
• Whether you rent or own your home

One last important factor which can affect the rate you pay on your is the year of manufacture. Models that are a few years old have a reduced actual cash value so repair costs tend to be lower which will push premiums down. Conversely, more recent vehicles may have options such as adaptive headlights, blind-spot warning system, and a rollover prevention system which can provide discounts that lower premiums.

Liability

Liability insurance will cover damages or injuries you inflict on other people or property that is your fault. Liability coverage pays for things such as emergency aid, pain and suffering, and medical services. Liability insurance is relatively cheap so purchase higher limits if possible.

Collision insurance

This will pay to fix damage to your caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder. 2003 collision insurance is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to bring the cost down.

Comprehensive or Other Than Collision

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it's not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection from other drivers when they are uninsured or don't have enough coverage. Since a lot of drivers only purchase the least amount of liability that is required, it doesn't take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for things like doctor visits, EMT expenses, and X-ray expenses. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. PIP is only offered in select states but can be used in place of medical payments coverage.