There are many options when shopping for car insurance for your vehicle. You can either buy through a local agent or go online to compare rates from many different car insurance companies. Shopping for car insurance through online rate quotes can be fast and easy and there is a good chance you might just save a little.
If shopping for car insurance online is new to you, you can be overwhelmed by the hoards of online companies vying for your business. When shopping for car insurance there are multiple ways to compare quotes from car insurance companies in your area. By far the easiest way to compare consists of shopping online. This can be accomplished by comparing rates here.
Auto insurance rates paid to insure a 2003 can be significantly different depending on several factors. Some of these factors include:
A final factor that will help determine is the model year. Older cars and trucks cost less in comparison to older models so the costs to repair may result in lower rates. But newer models may have a trim level with safety features including adaptive cruise control, autonomous braking, traction control, and forward-collision avoidance that may help lower rates.
This coverage protects you from damage that occurs to a person or their property by causing an accident. Liability coverage protects against things like legal defense fees, bail bonds, and repair bills for other people's vehicles. Coverage is generally pretty cheap so consider buying as large an amount as possible.
Collision coverage pays for damage to your from colliding with another car or object. You first must pay a deductible then your collision coverage will kick in. This coverage can be expensive, so you might think about dropping it from vehicles that are older. You can also bump up the deductible to save money on collision insurance.
Comprehensive auto coverage
This pays for damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by your comprehensive insurance. The highest amount you'll receive from a claim is the ACV or actual cash value, so if it's not worth much more than your deductible consider dropping full coverage.
Uninsured/Underinsured Motorist (UM/UIM)
Your UM/UIM coverage protects you and your vehicle's occupants when the "other guys" do not carry enough liability coverage. Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.
Medical payments and PIP coverage
Med pay and PIP coverage pay for short-term medical expenses (i.e. nursing services, prosthetic devices, and dental work). They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay.