You have lots of choices when looking for the best insurance on your vehicle. You can buy from a local agent or shop online to compare rates from companies. Comparing car insurance by quoting online is easy and at the same time you might just save a little.

Beginners to comparison shopping may think purchasing low-cost 2003 insurance is hard. When shopping for car insurance there are multiple ways to compare rate quotes from car insurance companies in your area. The best way to compare involves getting comparison quotes online. It is quite easy and can be accomplished by comparing rates here.

What factors impact your insurance rates?

Auto insurance rates on a 2003 can vary widely based upon several criteria. Taken into consideration are:

  • The performance level of your 2003
  • Any accidents you may have
  • Home and auto can earn discounts
  • Pleasure use vs. commuting use
  • Special coverage such as replacement cost
  • What you do for a living
  • The amount of protection requested
  • Whether you rent or own your home

A final factor that can impact is the model year. Used vehicles have a reduced actual cash value in comparison to older models so the cost to replace them will push premiums down. But new models may have a trim level with safety features including dual-stage airbags, sideview assist mirrors, and active head restraints which can lower rates.

Liability coverages

Liability insurance provides protection from damages or injuries you inflict on people or other property. Liability coverage pays for things such as emergency aid, pain and suffering, and medical services. Liability insurance is relatively cheap so consider buying higher limits if possible.

Collision coverage protection

This coverage pays to fix your vehicle from damage resulting from a collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder. Collision coverage for your 2003 can be pricey, so consider dropping it from vehicles that are older. You can also bump up the deductible to save money on collision insurance.

Comprehensive coverages

This coverage pays for 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 payout you can receive from a comprehensive claim is the actual cash value, so if it's not worth much more than your deductible consider removing comprehensive coverage.

Coverage for uninsured or underinsured drivers

This protects you and your vehicle's occupants when the "other guys" either have no liability insurance or not enough. Because many people only carry the minimum required liability limits, it doesn't take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for expenses (i.e. doctor visits, EMT expenses, and X-ray expenses). They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. PIP is not universally available and gives slightly broader coverage than med pay.