You have many choices when attempting to insure your vehicle. You can either buy through your neighborhood insurance agent or shop online to compare rates from multiple companies. Shopping for auto insurance online is easy, in addition you will probably save money.

Consumers not familiar with comparing rates may think purchasing affordable 2004 insurance is very challenging. Getting cheaper insurance rates is not rocket science. The only requirement is to invest a few minutes comparing rates from different insurance companies. This is very easy and can be done by comparing rates here.

Criteria which help determine car insurance premiums

Insurance rates paid to insure a 2004 can vary widely based upon several criteria. A few of these criteria are:

  • The performance level of your 2004
  • Any accidents you may have
  • Whether you insure your home with the same company
  • How you use your vehicle
  • Optional coverages like vehicle replacement
  • No claims lowers premiums
  • Having current coverage saves
  • Owning a home can lower rates

One last important factor that will help determine the rate you pay on your is the year of manufacture. Newer models have a higher replacement value so repair costs are higher which can inflate annual premiums. On the flip side, newer vehicles may have options like lane departure warning system, traction control, and autonomous braking which can lower rates.

Liability coverage

Liability insurance can cover injuries or damage you cause to a person or their property by causing an accident. Liability coverage pays for claims such as funeral expenses, loss of income, and emergency aid. Liability insurance is relatively cheap so purchase higher limits if possible.

Auto collision coverage

Collision coverage covers damage to your from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to get cheaper .

Comprehensive coverage

This pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage. The maximum payout a auto insurance company will pay at claim time is the actual cash value, so if it's not worth much more than your deductible it's probably time to drop comprehensive insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage protects you and your vehicle's occupants when other motorists either are underinsured or have no liability coverage at all. Due to the fact that many drivers only carry the minimum required liability limits, it doesn't take a major accident to exceed their coverage limits. That's why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP provide coverage for bills for things like ambulance fees, surgery, and doctor visits. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. PIP is not an option in every state and gives slightly broader coverage than med pay.