There are many options when looking for the best insurance on your vehicle. You can either buy through a local agent or get quotes online to compare insurance costs of multiple companies. Buying auto insurance online saves time, is easy to do and there is a good chance you might just save a little.

Shopping online for auto insurance can be a challenge if you are a beginner to quoting online. Don't let that stop you because comparing prices is actually very simple. Reducing your is not rocket science. All that's required is to spend a few minutes on the computer to get quotes online from several insurance companies. This can be accomplished by getting a quick quote here.

Auto insurance rates for your 2007 can be significantly different and are calculated by many factors. Some of these factors include:

• High performance increases premiums
• How many accidents you have had
• Multiple policies can save money
• Pleasure, commuting or business use can affect rates
• Extra coverages like towing and rental
• Claims drive up premiums
• No coverage lapses saves money
• Whether you own your home

A final factor that helps determine is the model year. Models that are new cost more in comparison to later models so the costs to repair may end up costing you more. Conversely, new models may have a trim level with safety features such as forward-collision avoidance, tire pressure monitors, and autonomous braking that may help help offset higher rates.

Liability coverage

This provides protection from damage that occurs to other's property or people in an accident. Liability coverage protects against things like legal defense fees, bail bonds, and repair bills for other people's vehicles. It is cheap coverage so consider buying as large an amount as possible.

Collision coverage protection

Collision insurance pays to fix your vehicle from damage resulting from colliding with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company. Collision coverage makes up a good portion of your premium, 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 coverage

Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by your comprehensive insurance. The highest amount you'll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle's value consider removing comprehensive coverage.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage provides protection from other drivers when they either have no liability insurance or not enough. Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses (i.e. nursing services, prosthetic devices, and dental work). They can be utilized in addition to your health insurance policy or if you do not have health coverage. PIP coverage is not universally available and may carry a deductible.