Buying auto insurance by comparing rates online is easy and at the same time you might just save a little. The key is to compare rates from as many companies as possible so you can compare the lowest priced insurance.

People who are new to comparison shopping may think buying cut-rate 2003 insurance is going to be difficult. Getting better can be quick and easy. Just take time to get quotes from different insurance companies. This can be accomplished by visiting this page.

What factors impact the rate you pay?

Auto insurance rates for your 2003 will vary greatly based upon several criteria. Taken into consideration are:

  • Your driving record
  • Your credit history
  • Your gender can raise or lower rates
  • Higher deductibles save money
  • Your vehicle's safety rating
  • Claims drive up premiums
  • Having current coverage saves
  • Whether you rent or own your home

A final factor that helps determine is the model year. A newer vehicle cost more in comparison to later models so repair costs are higher which will push premiums up. On the flip side, newer models may have a trim level with safety features like anti-lock brakes, blind-spot warning system, an advanced theft deterrent system, and adaptive headlights so those may provide discounts that lower premiums.

Auto liability insurance - Liability insurance protects you from damages or injuries you inflict on other's property or people in an accident. Liability insurance covers things such as emergency aid, pain and suffering, and medical services. Liability insurance is relatively cheap so consider buying as much as you can afford.

Collision coverage - Collision insurance pays for damage to your resulting from colliding with an object or car. You have to 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. Another option is to bump up the deductible to get cheaper .

Comprehensive insurance - Comprehensive insurance coverage will pay to fix 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 maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Uninsured/Underinsured Motorist coverage - This gives you protection when other motorists do not carry enough liability coverage. Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That's why carrying high Uninsured/Underinsured Motorist coverage is very important.

Med pay and Personal Injury Protection (PIP) - Med pay and PIP coverage provide coverage for expenses (i.e. doctor visits, EMT expenses, and X-ray expenses). The coverages can be utilized in addition to your health insurance plan or if you lack health insurance entirely. PIP is not available in all states but can be used in place of medical payments coverage.