You have many choices when looking for the best insurance on your vehicle. You can buy from an insurance agent or get quotes online to check prices from multiple companies. Comparing auto insurance online saves time, is easy to do, in addition you may find lower rates.

Using the web to shop for auto insurance direct can be complicated if you are a beginner to online rate quotes. But don't be discouraged because we're going to show you how. Reducing your is not rocket science. All that's required is to spend a few minutes on the computer to compare quotes online from several insurance companies. This can be done by completing this short form.

Criteria which help determine insurance rates

Insurance premiums on 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
  • Pleasure use vs. commuting use
  • Optional coverages like vehicle replacement
  • Whether or not you have claims
  • Maintaining coverage lowers rates
  • Owning a home can lower rates

One important consideration that can impact your rates is the age of the vehicle. New vehicles have a higher value compared to older models so the costs to repair will push premiums up. But more recent vehicles have more advanced features including forward-collision avoidance, tire pressure monitors, and autonomous braking so those may give discounted rates.

Liability coverage

This will cover injuries or damage you cause to people or other property. Liability insurance covers claims such as funeral expenses, loss of income, and emergency aid. It is cheap coverage so buy as much as you can afford.

Collision coverage protection

This coverage will pay to fix 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 lower value vehicles. It's also possible to increase the deductible to save money on collision insurance.

Comprehensive coverage

This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay. The maximum amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle's value is low it's not worth carrying full coverage.

Coverage for uninsured or underinsured drivers

This coverage protects you and your vehicle when the "other guys" are uninsured or don't have enough coverage. Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage kick in for bills like ambulance fees, surgery, and doctor visits. They are used in conjunction with a health insurance plan or if there is no health insurance coverage. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage.