You have lots of choices when attempting to insure your vehicle. You can either buy through your neighborhood insurance agent or get quotes online to compare rates from insurance providers. Finding cheaper car insurance by comparing rates online saves time, is easy to do and at the same time you will probably save money.

Finding the best direct price on car insurance is challenging if you are a beginner to quoting online. Don't let that stop you because there is an easy way to compare rates. To find the best car insurance prices, there are several ways of comparing rates from different insurance companies. The fastest way to compare is to perform an online rate comparison. It is quite easy and can be accomplished by comparing rates here.

What factors determine car insurance premiums?

Insurance rates for your 1994 can be significantly different and are calculated by many factors. Taken into consideration are:

  • High performance increases premiums
  • How many accidents you have had
  • Home/auto policy bundles save money
  • Pleasure, commuting or business use can affect rates
  • Special coverage such as replacement cost
  • Your profession
  • The level of coverage
  • Whether you rent or own your home

One last important factor which can affect the rate you pay on your is the year of manufacture. Models that are a few years old have a reduced actual cash value so the payout to repair may end up costing you less. Conversely, newer vehicles may have options such as a backup camera, dual-stage airbags, and an advanced theft deterrent system that may help lower rates.

Auto liability insurance

This can cover damages or injuries you inflict on other's property or people that is your fault. Liability coverage protects against things such as emergency aid, pain and suffering, and medical services. It is cheap coverage so purchase as large an amount as possible.

Auto collision coverage

This covers damage to your resulting from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also choose a higher deductible to bring the cost down.

Comprehensive insurance

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, 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 protects you and your vehicle's occupants from other drivers when they either are underinsured or have no liability coverage at all. Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP kick in for expenses for things like 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 coverage is not an option in every state and gives slightly broader coverage than med pay.