There are many options when trying to find low-cost insurance for your vehicle. You can either buy through an agent or shop online to compare insurance costs of companies. Buying auto insurance by quoting online is easy and there is a good chance you can save money.

People who are new to shopping for insurance may think purchasing cheap 2003 insurance is hard. Getting lower is a fairly straight forward process. The only thing you need to do is invest a little time getting comparison quotes from different insurance companies. This can be accomplished by getting a quick quote here.

Car insurance premiums for a 2003 can vary widely based upon several criteria. Some of these factors include:

  • The performance level of your 2003
  • Any accidents you may have
  • Multiple policies can save money
  • Use of your vehicle
  • Extra coverages like towing and rental
  • Your claim history
  • No coverage lapses saves money
  • Whether you own your home

An additional factor that helps determine is the year of the vehicle. Models that are new cost more than older models so repair costs are higher which can inflate annual premiums. Conversely, more recent vehicles may have safety features such as tire pressure monitors, a telematics system, autonomous braking, and adaptive headlights which can help offset higher rates.

Liability coverages

Liability insurance will cover damage that occurs to other people or property in an accident. Liability coverage pays for things like legal defense fees, bail bonds, and repair bills for other people's vehicles. Liability insurance is relatively cheap so you should buy higher limits if possible.

Coverage for collisions

Collision insurance will pay to fix damage to your caused by collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder. 2003 collision insurance is rather expensive coverage, so consider dropping it from older vehicles. Drivers also have the option to raise the deductible to bring the cost down.

Comprehensive coverages

Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage. The maximum payout you'll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle's value it's not worth carrying full coverage.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage provides protection from other drivers when they are uninsured or don't have enough coverage. Since many drivers carry very low liability coverage limits, it doesn't take a major accident to exceed their coverage limits. So UM/UIM coverage is very important.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses such as nursing services, prosthetic devices, and dental work. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. PIP is only offered in select states and may carry a deductible.