You have many choices when shopping for insurance coverage for your vehicle. You can buy from your neighborhood insurance agent or shop online to compare insurance costs of multiple companies. Buying car insurance online is easy, in addition you will probably save money.

People who are new to comparing rates may think shopping for low-cost 2003 insurance is very challenging. To find the best car insurance prices, there are several ways of comparing rates from car insurance companies in your area. The best method to find the cheapest is to get quotes online. This is very easy and can be done by getting a quick quote here.

Criteria which help determine insurance rates

Insurance rates on a 2003 can be significantly different based upon several criteria. A few of these criteria are:

  • The performance level of your 2003
  • How many accidents you have had
  • Multiple policies can save money
  • Pleasure use vs. commuting use
  • Optional coverages like vehicle replacement
  • Your profession
  • The amount of protection requested
  • Owning a home can lower rates

One last important factor that helps determine the rate you pay on your is the year of manufacture. Older models have a much lower replacement value so the cost to replace them will push premiums down. But newer vehicles may have options including adaptive headlights, sideview assist mirrors, automatic crash notification, and pedestrian detection that may help help offset higher rates.

Liability coverage - Liability insurance can cover injuries or damage you cause to people or other property in an accident. Liability coverage protects against claims such as funeral expenses, loss of income, and emergency aid. Liability insurance is relatively cheap so purchase as large an amount as possible.

Collision coverage - Collision insurance covers damage to your resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder. Collision coverage for your 2003 can be pricey, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Comprehensive coverage - This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage. The highest amount a car insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle's value it's probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist coverage - This coverage provides protection when the "other guys" either are underinsured or have no liability coverage at all. Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

Medical payments coverage and PIP - Coverage for medical payments and/or PIP provide coverage for bills for things like ambulance fees, surgery, and doctor visits. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. PIP is not an option in every state and may carry a deductible.