There are many options when buying insurance for your vehicle. You can buy direct from a local agent or go online to compare insurance costs of companies. Finding cheaper car insurance by quoting online can be fast and easy and there is a good chance you might just save a little.

If you are a novice to online car insurance shopping, you can be overwhelmed by the hoards of online car insurance companies and websites vying for your business. When shopping for car insurance there are multiple ways to compare rate quotes from local car insurance companies. The recommended way to find the cheapest is to perform an online rate comparison. This can be accomplished by getting a quick quote here.

Auto insurance rates for your 2003 can vary widely depending on several factors. Some of these factors include:

  • Higher performance 2003 vehicles cost more
  • Any accidents you may have
  • Home/auto policy bundles save money
  • Pleasure, commuting or business use can affect rates
  • Extra coverages like towing and rental
  • What you do for a living
  • Your coverage level
  • Whether you own your home

A final factor which can affect is the model year. Models that are a few years old cost less in comparison to older models so the payout to repair may result in lower rates. On the flip side, new models may have a trim level with safety features like tire pressure monitors, sideview assist mirrors, lane departure warning system, and adaptive cruise control which can help offset higher rates.

Liability coverages - This coverage provides protection from damage that occurs to other's property or people that is your fault. Liability coverage pays for things like legal defense fees, bail bonds, and repair bills for other people's vehicles. Coverage is generally pretty cheap so consider buying higher limits if possible.

Collision coverage - This pays to fix your vehicle from damage resulting from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to get cheaper .

Comprehensive coverages - Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by your comprehensive insurance. The maximum payout you'll receive from a claim 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 - Your UM/UIM coverage provides protection when other motorists either have no liability insurance or not enough. Since a lot of drivers carry very low liability coverage limits, it doesn't take a major accident to exceed their coverage limits. That's why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Coverage for medical payments - Medical payments and Personal Injury Protection insurance pay 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 lack health insurance entirely. Personal Injury Protection is not universally available and may carry a deductible.