Drivers have lots of options when attempting to insure your vehicle. You can buy direct from your neighborhood insurance agent or get quotes online to compare insurance costs of insurance providers. Comparing auto insurance by comparing rates online saves time, is easy to do, plus you will probably save money.

Using the web to shop for auto insurance direct can be difficult if you are a beginner to online quotes. Don't let that stop you because there is an easy way to compare rates. Getting cheaper insurance rates can be quick and easy. The only requirement is to invest a few minutes comparing rates online from several insurance companies. This can be done by getting a quick quote here.

Rates are determined by the following

Insurance rates for your 2003 can vary widely and are calculated by many factors. Including but not limited to:

  • High performance increases premiums
  • Any accidents you may have
  • Home and auto can earn discounts
  • Pleasure, commuting or business use can affect rates
  • Add-on coverages such as rental reimbursement
  • No claims lowers premiums
  • No coverage lapses saves money
  • Home ownership saves money

One last important factor that can impact the rate you pay on your is the year of manufacture. Models that are new have a higher value so the costs to repair can inflate annual premiums. Conversely, newer vehicles may have options such as a backup camera, dual-stage airbags, and an advanced theft deterrent system which can help offset higher rates.

Auto liability insurance

This can cover damage or injury you incur to other's property or people. Liability coverage pays for claims like pain and suffering, repair costs for stationary objects, and legal defense fees. It is cheap coverage so purchase higher limits if possible.

Auto collision coverage

This coverage covers damage to your resulting from colliding with a stationary object or other vehicle. You will need to pay your 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 8 years or older. Drivers also have the option to choose a higher deductible to bring the cost down.

Comprehensive insurance

Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage. The maximum payout your auto insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle's value it's probably time to drop comprehensive insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. Because many people carry very low liability coverage limits, it doesn't take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP kick in for immediate expenses for things like EMT expenses, pain medications, and nursing services. They can be utilized in addition to your health insurance policy or if you do not have health coverage. PIP coverage is not an option in every state and may carry a deductible.