Drivers have lots of options when buying insurance for your vehicle. You can buy direct from a local agent or go online to compare insurance costs of companies. Comparing auto insurance by quoting online can be fast and easy, plus you might just save a little.

If you've never shopped for auto insurance online, you may be overwhelmed by the hoards of auto insurance companies vying for your business. Finding lower is a fairly straight forward process. You just have to spend a little time to get quotes provided by online insurance companies. This can be done by getting a quick quote here.

Rates are determined by these things

Auto insurance rates for a 2001 will vary greatly depending on several factors. Including but not limited to:

  • Higher performance 2001 vehicles cost more
  • Your accident history
  • Home and auto can earn discounts
  • Use of your vehicle
  • Add-on coverages such as rental reimbursement
  • Claims drive up premiums
  • No coverage lapses saves money
  • Home ownership saves money

A final factor that can impact is the model year. Models that are new have a higher value in comparison to later models so the cost to replace them will push premiums up. Conversely, new models may have a trim level with safety features such as tire pressure monitors, sideview assist mirrors, lane departure warning system, and adaptive cruise control so those may help offset higher rates.

Liability coverages - This coverage provides protection from damage or injury you incur to other people or property. Liability insurance covers claims like pain and suffering, repair costs for stationary objects, and legal defense fees. Coverage is generally pretty cheap so consider buying as much as you can afford.

Collision coverage - This coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in. 2001 collision insurance is rather expensive coverage, so you might think about dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to bring the cost down.

Comprehensive coverages - Comprehensive insurance covers damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by your comprehensive insurance. The maximum amount your auto insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle's value consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage - Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either have no liability insurance or not enough. 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.

Coverage for medical payments - Medical payments and Personal Injury Protection insurance pay for immediate expenses (i.e. EMT expenses, pain medications, and nursing services). They can be used to fill the gap from your health insurance plan or if you do not have health coverage. Personal Injury Protection is not universally available and may carry a deductible.