Drivers have lots of options when looking for the best insurance on your vehicle. You can buy direct from an agent or get quotes online to compare insurance costs of many different auto insurance companies. Finding cheaper auto insurance through online rate quotes saves time, is easy to do, plus you can save money.

Finding the best direct price on auto insurance can be difficult if you are a beginner to quoting online. Don't let that stop you because it's actually quite easy. Reducing your can be surprisingly simple. All that's required is to spend a few minutes on the computer getting comparison quotes online from several insurance companies. It is quite easy and can be accomplished by getting a quick quote here.

Premiums are calculated by these factors

Car insurance premiums for your 1994 can be significantly different and are calculated by many factors. Including but not limited to:

  • High performance increases premiums
  • How many accidents you have had
  • Home/auto policy bundles save money
  • Pleasure, commuting or business use can affect rates
  • Your age
  • Being married may save money
  • Add-on coverages such as rental reimbursement
  • Your claim history
  • Maintaining coverage lowers rates
  • Home ownership saves money

An additional factor which can affect is the year of the vehicle. Models that are new have a higher actual cash value than older models so the costs to repair may end up costing you more. But newer models may have safety features including tire pressure monitors, autonomous braking, a collision avoidance system, and anti-lock brakes that may help help offset higher rates.

Auto liability

This protects you from damage or injury you incur to other's property or people that is your fault. Liability coverage protects against claims like pain and suffering, repair costs for stationary objects, and legal defense fees. It is cheap coverage so you should buy as large an amount as possible.

Collision coverage protection

This pays for damage to your resulting from colliding with a stationary object or other vehicle. 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 older vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.

Comprehensive auto coverage

Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage. The highest amount your auto insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle's value consider dropping full coverage.

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage provides protection when the "other guys" do not carry enough liability coverage. Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Medical payments and PIP coverage

Med pay and PIP coverage kick in for immediate expenses such as EMT expenses, pain medications, and nursing services. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. PIP coverage is not available in all states and may carry a deductible.