Drivers have lots of options when trying to find low-cost insurance for your vehicle. You can buy direct from an agent or go online to compare pricing from multiple companies. Finding cheaper car insurance online can be fast and easy, plus you can save money.

If you are a novice to online car insurance shopping, you may be overwhelmed by the hoards of online companies offering insurance. There are several ways to compare quotes from local car insurance companies. The simplest method to find the lowest is to perform an online rate comparison. This can be done by visiting this page.

Premiums are calculated by these factors

Car insurance premiums paid to insure a 2003 can be significantly different depending on several factors. Including but not limited to:

  • Higher performance 2003 vehicles cost more
  • How many accidents you have had
  • Home/auto policy bundles save money
  • How you use your vehicle
  • Add-on coverages such as rental reimbursement
  • Your occupation
  • Your coverage level
  • Home ownership saves money

An additional factor which can affect is the year of the vehicle. Models that are a few years old have a lower value than newer models so the costs to repair may result in lower rates. On the flip side, newer models may have safety features like a telematics system, adaptive cruise control, and anti-lock brakes that may help provide discounts that lower premiums.

Liability coverage

This coverage protects you from damage or injury you incur to a person or their property that is your fault. Liability coverage protects against claims like pain and suffering, repair costs for stationary objects, and legal defense fees. Coverage is generally pretty cheap so you should buy as large an amount as possible.

Coverage for collisions

This pays for damage to your from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in. This coverage can be expensive, so you might think about dropping it from older vehicles. Another option is to raise the deductible to get cheaper .

Comprehensive coverage

This will pay to fix damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage. The highest amount your car insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage gives you protection when other motorists do not carry enough liability coverage. Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That's why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Medical payments coverage and PIP

Med pay and PIP coverage pay for immediate expenses such as EMT expenses, pain medications, and nursing services. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage.