Finding cheaper auto insurance by comparing rates online saves time, is easy to do, in addition you might just save a little. The key to finding lower rates is to compare rates from all companies so you can compare the lowest rate quotes.

Finding the best direct price on auto insurance can be complicated if you are a beginner to online rate quotes. But don't be discouraged because comparing prices is actually very simple. Lowering your can be quick and easy. You just need to take a few minutes to get quotes online from several insurance companies. It is quite easy and can be accomplished by visiting this page.

Criteria which help determine insurance rates

Auto insurance rates on a 2003 will vary greatly and are calculated by many factors. A few of these criteria are:

• Tickets increase premiums
• Your credit history
• Your gender can raise or lower rates
• Higher deductibles save money
• NTSB crash rating for your vehicle
• Claims drive up premiums
• Maintaining coverage lowers rates
• Owning a home can lower rates

A final factor which can affect is the model year. A newer vehicle have a higher actual cash value in comparison to later models so the costs to repair will push premiums up. But newer models may have a trim level with safety features including a backup camera, automatic crash notification, pedestrian detection, and blind-spot warning system so those may provide discounts that lower premiums.

Auto liability insurance

This protects you from injuries or damage you cause to people or other property that is your fault. Liability insurance covers claims such as funeral expenses, loss of income, and emergency aid. It is cheap coverage so consider buying as much as you can afford.

Collision insurance

This 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 the remaining damage will be paid by your insurance company. Collision coverage for your 2003 can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.

Comprehensive insurance

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by your comprehensive insurance. The maximum amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection when the "other guys" do not carry enough liability coverage. Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage kick in for bills (i.e. ambulance fees, surgery, and doctor visits). The coverages can be used in conjunction with a health insurance plan or if there is no health insurance coverage. PIP coverage is not available in all states but can be used in place of medical payments coverage.