You have lots of choices when trying to insure your vehicle. You can buy from your neighborhood insurance agent or get quotes online to check prices from a lot of car insurance companies. Buying car insurance through online companies saves time, is easy to do and at the same time you will probably save money.

Shopping online for car insurance is challenging if you are a beginner to quoting online. But don't be discouraged because there is an easy way to compare rates. To find the best car insurance prices, there are several ways to compare quotes from car insurance companies in your area. The quickest method to find competitive is to get quotes online. It is quite easy and can be accomplished by completing this short form.

What factors determine car insurance premiums?

Insurance rates on a 2003 can be significantly different and are calculated by many factors. Taken into consideration are:

  • High performance increases premiums
  • How many accidents you have had
  • Multiple policies can save money
  • Pleasure use vs. commuting use
  • Your age
  • Having a spouse can save money
  • Special coverage such as replacement cost
  • Your profession
  • The amount of protection requested
  • Whether you rent or own your home

One last important factor that helps determine the rate you pay on your is the year of manufacture. Older models have a reduced actual cash value so the cost to replace them may end up costing you less. But newer models may have options including a telematics system, adaptive cruise control, and traction control that may help give discounted rates.

Coverage for liability

This protects you from damages or injuries you inflict on people or other property in an accident. Liability coverage protects against things such as emergency aid, pain and suffering, and medical services. It is cheap coverage so purchase as large an amount as possible.

Collision coverage

Collision insurance pays for damage to your resulting from a collision with an object or car. You first must 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 vehicles that are 8 years or older. It's also possible to choose a higher deductible to save money on collision insurance.

Comprehensive coverage (or Other than Collision)

This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle's value is low consider dropping full coverage.

Uninsured Motorist or Underinsured Motorist insurance

This protects you and your vehicle when the "other guys" do not carry enough liability coverage. Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

Insurance for medical payments

Med pay and PIP coverage kick in for expenses for things like doctor visits, EMT expenses, and X-ray expenses. They are used in conjunction with a health insurance policy or if there is no health insurance coverage. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage.