You have many choices when comparing insurance rates on your vehicle. You can buy direct from your neighborhood insurance agent or go online to compare insurance costs of a lot of auto insurance companies. Finding cheaper auto insurance through online companies can be fast and easy, in addition you will probably save money.

If you are a novice to online auto insurance shopping, you may be confused by the hoards of companies competing for your business. Finding a better price on auto insurance is not a difficult process. Consumers just need to spend a few minutes comparing rates provided by online insurance companies. It is quite easy and can be accomplished by getting a quick quote here.

Criteria which help determine insurance rates

Insurance rates on a 2001 can be significantly different depending on several factors. A few of these criteria are:

• Higher performance 2001 vehicles cost more
• How many accidents you have had
• Home/auto policy bundles save money
• Pleasure use vs. commuting use
• Your birth date
• Being married may save money
• Optional coverages like vehicle replacement
• No claims lowers premiums
• Maintaining coverage lowers rates
• Owning a home can lower rates

One last important factor which can affect the rate you pay on your is the year of manufacture. Models that are new have a higher actual cash value so the cost to replace them may end up costing you more. But newer vehicles may have options including anti-lock brakes, adaptive headlights, blind-spot warning system, and a backup camera that may help help offset higher rates.

Coverage for liability - This coverage can cover injuries or damage you cause to people or other property that is your fault. Liability coverage protects against claims such as funeral expenses, loss of income, and emergency aid. Coverage is generally pretty cheap so purchase as large an amount as possible.

Collision coverages - This covers damage to your resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in. Collision coverage for your 2001 can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Comprehensive coverage (or Other than Collision) - This coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage. The highest amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle's value it's probably time to drop comprehensive insurance.

Uninsured and underinsured coverage - This coverage provides protection when the "other guys" either are underinsured or have no liability coverage at all. Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Insurance for medical payments - Coverage for medical payments and/or PIP pay for bills for things like ambulance fees, surgery, and doctor visits. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Personal Injury Protection is not an option in every state and may carry a deductible.