You have lots of choices when looking for the best insurance on your vehicle. You can either buy through a local agent or get quotes online to compare rates from insurance providers. Finding cheaper auto insurance by comparing rates online saves time, is easy to do and at the same time you might just save a little.

Finding the best direct price on auto insurance is challenging if you are a beginner to online quotes. But don't be discouraged because comparing prices is actually very simple. Reducing your can be quick and easy. All that's required is to spend a few minutes on the computer to get quotes online from several insurance companies. It is quite easy and can be accomplished by comparing rates here.

What factors determine your insurance rates?

Auto insurance rates on a 2008 can vary widely and are calculated by many factors. Taken into consideration are:

• High performance increases premiums
• Any accidents you may have
• Home/auto policy bundles save money
• Pleasure use vs. commuting use
• Special coverage such as replacement cost
• Claims drive up premiums
• No coverage lapses saves money
• Whether you rent or own your home

A final factor which can affect is the model year. Newer models have a higher actual cash value in comparison to later models so the costs to repair can inflate annual premiums. Conversely, more recent vehicles may have a trim level with safety features such as a collision avoidance system, all-wheel drive, a telematics system, and tire pressure monitors which can lower rates.

Auto liability insurance

This will cover 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 consider buying higher limits if possible.

Collision coverage protection

This will pay to fix 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 2008 can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. You can also bump up the deductible to bring the cost down.

Comprehensive insurance

This coverage pays for damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by your comprehensive insurance. 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 it's not worth carrying full coverage.

Coverage for uninsured or underinsured drivers

This protects you and your vehicle's occupants from other drivers when they are uninsured or don't have enough 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. So UM/UIM coverage should not be overlooked.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses (i.e. doctor visits, EMT expenses, and X-ray expenses). They are often used in conjunction with a health insurance policy or if you do not have health coverage. PIP coverage is only offered in select states and gives slightly broader coverage than med pay.