Buying auto insurance through online rate quotes is easy, plus you may find lower rates. The key is to get rates from as many companies as possible in order to accurately compare the lowest rate quotes.

People who are new to buying insurance may think finding cut-rate 2003 insurance is going to be difficult. Lowering your can be surprisingly simple. You just need to take a few minutes to compare quotes from different insurance companies. This can be accomplished by getting a quick quote here.

Rates are impacted by these things

Insurance premiums for your 2003 can fluctuate considerably based upon several criteria. Including but not limited to:

  • Your driving record
  • Credit rating impacts rates
  • Male drivers pay higher rates
  • The deductible you choose
  • Crash test rating for your 2003
  • Whether or not you have claims
  • Maintaining coverage lowers rates
  • Home ownership saves money

One important consideration that helps determine your rates is the age of the vehicle. Models that are new cost more compared to older models so repair costs are higher which may result in higher rates. But new models have more advanced features including adaptive cruise control, autonomous braking, traction control, and forward-collision avoidance which may help offset higher rates.

Auto liability

Liability insurance provides protection from damage or injury you incur to other's property or people in an accident. Liability can pay for claims like pain and suffering, repair costs for stationary objects, and legal defense fees. Liability insurance is relatively cheap so buy as high a limit as you can afford.

Collision insurance

Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.

Comprehensive auto coverage

Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay. The most your auto insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle's value consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage provides protection when the "other guys" either have no liability insurance or not enough. Since many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses like EMT expenses, pain medications, and nursing services. They can be utilized in addition to your health insurance program or if there is no health insurance coverage. PIP is not universally available and may carry a deductible.