You have lots of choices when trying to insure your vehicle. You can buy direct from an insurance agent or go online to compare pricing from multiple companies. Finding cheaper auto insurance online can be fast and easy and at the same time you may find lower rates.

If you are a novice to online auto insurance shopping, it's easy to be confused by the hoards of online companies selling insurance. Finding a lower price on 2003 insurance is not rocket science. You just have to take a little time to compare quotes provided by online insurance companies. It is quite easy and can be accomplished by visiting this page.

Which factors influence your insurance rates?

Insurance premiums paid to insure a 2003 can vary widely depending on several factors. Taken into consideration are:

  • Higher performance 2003 vehicles cost more
  • Any accidents you may have
  • Home/auto policy bundles save money
  • How you use your vehicle
  • Special coverage such as replacement cost
  • Whether or not you have claims
  • Having current coverage saves
  • Whether you rent or own your home

One important consideration which can affect your rates is the age of the vehicle. A newer vehicle have a higher actual cash value compared to older models so the cost to replace them can inflate annual premiums. On the flip side, newer models have more advanced features like sideview assist mirrors, pedestrian detection, lane departure warning system, and tire pressure monitors which can provide discounts that lower premiums.

Liability coverage

This coverage protects you from damages or injuries you inflict on a person or their property that is your fault. Liability coverage pays for things such as emergency aid, pain and suffering, and medical services. Coverage is generally pretty cheap so buy higher limits if possible.

Collision coverage

This pays for damage to your from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Another option is to increase the deductible to get cheaper .

Comprehensive coverage

This will pay to fix damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Uninsured Motorist or Underinsured Motorist insurance

This gives you protection when other motorists do not carry enough liability coverage. Since a lot of drivers only purchase the least amount of liability that is required, it doesn't take a major accident to exceed their coverage limits. That's why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Medical payments coverage and PIP

Med pay and PIP coverage pay for expenses like doctor visits, EMT expenses, and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage.