Comparing auto insurance by quoting online can be fast and easy, in addition you will probably save money. The most important part is to compare rates from all companies in order to have all your choices.

If you've never shopped for auto insurance online, you may be confused by the hoards of companies competing for your business. Getting cheaper insurance rates is a fairly straight forward process. The only requirement is to invest a few minutes comparing rates provided by online insurance companies. This can be done by comparing rates here.

Criteria which help determine insurance rates

Insurance rates on a 2003 will vary greatly depending on several factors. A few of these criteria are:

  • A clean driving record keeps rates low
  • Your credit history
  • Your location impacts rates
  • The number of annual miles
  • Your gender can raise or lower rates
  • Deductible amount directly impacts your rate
  • NTSB crash rating for your vehicle
  • No claims lowers premiums
  • No coverage lapses saves money
  • Owning a home can lower rates

One last important factor that can impact the rate you pay on your is the year of manufacture. Newer models have a higher value so the cost to replace them will push premiums up. Conversely, newer models may have options such as adaptive headlights, anti-lock brakes, traction control, and a telematics system so those may lower rates.

Liability coverages

This coverage protects you from injuries or damage you cause to people or other property. Liability insurance covers claims such as funeral expenses, loss of income, and emergency aid. Coverage is generally pretty cheap so purchase as much as you can afford.

Auto collision coverage

This coverage pays for damage to your resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in. Collision coverage for your 2003 can be pricey, so you might think about dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to bring the cost down.

Comprehensive coverages

This coverage pays for 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 maximum amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if it's not worth much more than your deductible consider dropping full coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage protects you and your vehicle's occupants from other drivers when they do not carry enough liability coverage. Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Coverage for medical payments

Med pay and PIP coverage pay for bills for things like ambulance fees, surgery, and doctor visits. They are often used in conjunction with a health insurance plan or if you do not have health coverage. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay.