You have lots of choices when insurance shopping for your vehicle. You can either buy through a local agent or shop online to compare rates from a lot of auto insurance companies. Comparing auto insurance through online companies is easy and at the same time you might just save a little.

Beginners to comparison shopping may think shopping for cut-rate 2003 insurance is difficult. Cutting your is not a difficult process. Drivers just need to take a couple of minutes to get quotes from different insurance companies. This can be done by comparing rates here.

What factors impact car insurance premiums?

Auto insurance rates for your 2003 can be significantly different based upon several criteria. Taken into consideration are:

  • The performance level of your 2003
  • How many accidents you have had
  • Home and auto can earn discounts
  • Pleasure, commuting or business use can affect rates
  • Your birth date
  • Whether you are married
  • Special coverage such as replacement cost
  • Claims drive up premiums
  • No coverage lapses saves money
  • Whether you rent or own your home

A final factor that can impact is the model year. Newer models have a higher value in comparison to later models so repair costs are higher which may end up costing you more. Conversely, newer vehicles may have a trim level with safety features such as a rollover prevention system, forward-collision avoidance, and dual-stage airbags that may help lower rates.

Coverage for liability - Liability insurance can cover damages or injuries you inflict on other's property or people. Liability coverage protects against things such as emergency aid, pain and suffering, and medical services. Liability insurance is relatively cheap so consider buying as large an amount as possible.

Collision - This coverage covers damage to your resulting from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. You can also bump up the deductible to bring the cost down.

Comprehensive coverage (or Other than Collision) - Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by your comprehensive insurance. The highest amount you can receive from a comprehensive claim 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 Coverage - This protects you and your vehicle's occupants from other drivers when they either are underinsured or have no liability coverage at all. Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea.

Insurance for medical payments - Coverage for medical payments and/or PIP provide coverage for expenses (i.e. doctor visits, EMT expenses, and X-ray expenses). They are often utilized in addition to your health insurance policy or if you do not have health coverage. PIP is not an option in every state and gives slightly broader coverage than med pay.