You have many choices when insurance shopping for your vehicle. You can either contact a local agent or get quotes online to compare insurance costs of insurance carriers. Comparing car insurance by getting online quotes saves time, is easy to do, in addition you might just save a little.

Using the web to shop for car insurance direct can be complicated if you are a beginner to online rate quotes. But relax because comparing prices is actually very simple. When shopping for car insurance there are multiple ways of comparing rates from different insurance companies. The easiest way to find the cheapest involves getting comparison quotes online. This is very easy and can be done by getting a quick quote here.

Criteria which help determine car insurance premiums

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

  • High performance increases premiums
  • Your accident history
  • Home and auto can earn discounts
  • How you use your vehicle
  • Optional coverages like vehicle replacement
  • What you do for a living
  • The level of coverage
  • Owning a home can lower rates

A final factor that can impact is the model year. Used vehicles have a much lower replacement value in comparison to older models so the costs to repair may end up costing you less. Conversely, newer vehicles may have a trim level with safety features such as a telematics system, all-wheel drive, and adaptive headlights so those may help offset higher rates.

Liability - This can cover injuries or damage you cause to a person or their property. 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 - This coverage covers damage to your from colliding 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. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to bump up the deductible to bring the cost down.

Comprehensive or Other Than Collision - This covers 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 car insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle's value it's probably time to drop comprehensive insurance.

UM/UIM Coverage - This coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Medical costs insurance - Coverage for medical payments and/or PIP kick in for bills (i.e. ambulance fees, surgery, and doctor visits). They can be used to cover expenses not covered by your health insurance plan or if you do not have health coverage. PIP coverage is not an option in every state and may carry a deductible.