You have many choices when attempting to insure your vehicle. You can buy from an agent or shop online to compare rates from many different companies. Buying auto insurance from online companies is easy, in addition you can save money.

People who are new to comparing rates may think finding affordable 2001 insurance can be quite difficult. Getting cheaper insurance rates is actually quite simple. The only requirement is to invest a few minutes getting comparison quotes from different insurance companies. This can be accomplished by comparing rates here.

Criteria which help determine car insurance premiums

Car insurance premiums paid to insure a 2001 can fluctuate considerably based upon several criteria. A few of these criteria are:

• The performance level of your 2001
• Accidents raise premiums
• Multiple policies can save money
• How you use your vehicle
• Optional coverages like vehicle replacement
• Your claim history
• No coverage lapses saves money
• Owning a home can lower rates

An additional factor that helps determine is the year of the vehicle. Newer models cost more than older models so repair costs are higher which may result in higher rates. Conversely, newer models may have safety features such as an advanced theft deterrent system, all-wheel drive, and traction control which may lower rates.

Liability coverage

Liability insurance protects you from injuries or damage you cause to a person or their property in an accident. Liability can pay for claims such as funeral expenses, loss of income, and emergency aid. Liability insurance is relatively cheap so you should buy as high a limit as you can afford.

Auto collision coverage

Collision insurance pays for damage to your from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder. This coverage can be expensive, so consider dropping it from older vehicles. You can also raise the deductible to bring the cost down.

Comprehensive coverage

This pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage. The most a auto insurance company will pay at claim time is the 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. Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is very important.

Medical payments coverage and PIP

Med pay and PIP coverage provide coverage for bills such as ambulance fees, surgery, and doctor visits. They are often used to cover expenses not covered by your health insurance program or if you do not have health coverage. PIP is not available in all states and gives slightly broader coverage than med pay.