You have many choices when finding cheaper insurance coverage on your vehicle. You can either contact an agent or shop online to compare insurance costs of lots of different providers. Finding cheaper car insurance through online providers is easy, in addition you can save money.

Consumers who are new to the process of comparing rates may think buying cut-rate 2001 insurance is hard and time consuming. There are several ways to get quotes from car insurance companies in your area. The easiest way by far to find the cheapest is to perform an online rate comparison. This is very easy and can be done by getting a quick quote here.

Criteria which help determine your insurance rates

Car insurance premiums for your 2001 will vary greatly based upon several criteria. A few of these criteria are:

• The performance level of your 2001
• Your accident history
• Home/auto policy bundles save money
• Pleasure, commuting or business use can affect rates
• Young drivers cost more
• Being married may save money
• Optional coverages like vehicle replacement
• Your occupation
• The amount of protection requested
• Owning a home can lower rates

An additional factor which can affect is the year of the vehicle. Models that are a few years old have a much lower replacement value than newer models so the payout to repair will push premiums down. But more recent vehicles may have safety features including forward-collision avoidance, a telematics system, tire pressure monitors, and autonomous braking so those may help offset higher rates.

Liability auto insurance

Liability insurance will cover injuries or damage you cause to other's property or people that is your fault. Liability insurance covers claims such as funeral expenses, loss of income, and emergency aid. Liability insurance is relatively cheap so you should buy as much as you can afford.

Collision protection

This will pay to fix damage to your resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.

Comprehensive (Other than Collision)

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage. The maximum 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 not worth carrying full coverage.

Uninsured or underinsured coverage

This coverage provides protection when the "other guys" are uninsured or don't have enough coverage. Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills such as ambulance fees, surgery, and doctor visits. They can be utilized in addition to your health insurance plan or if there is no health insurance coverage. PIP is only offered in select states and may carry a deductible.