There are many options when trying to insure your vehicle. You can either contact your neighborhood insurance agent or get quotes online to compare insurance costs of many different auto insurance companies. Buying auto insurance through online rate quotes saves time, is easy to do and there is a good chance you will probably save money.

Shopping online for auto insurance can be a challenge if you are a beginner to online quoting. But don't be discouraged because there is an easy way to compare rates. Finding a lower price on 2003 insurance can be surprisingly simple. You just have to take a little time comparing rates online from several insurance companies. This can be accomplished by getting a quick quote here.

Insurance rates on a 2003 can fluctuate considerably and are calculated by many factors. Some of these factors include:

• High performance increases premiums
• Accidents raise premiums
• Multiple policies can save money
• Pleasure use vs. commuting use
• Your birth date
• Being married may save money
• Extra coverages like towing and rental
• No claims lowers premiums
• Having current coverage saves
• Whether you own your home

One last important factor that helps determine the rate you pay on your is the year of manufacture. Models that are new cost more so the costs to repair may result in higher rates. On the flip side, newer vehicles may have options like lane departure warning system, a telematics system, and adaptive headlights which may help offset higher rates.

Auto liability

This can cover damage that occurs to people or other property in an accident. Liability can pay for things like legal defense fees, bail bonds, and repair bills for other people's vehicles. It is cheap coverage so purchase as high a limit as you can afford.

Collision coverage

Collision insurance covers damage to your resulting from a collision with another car or object. A deductible applies 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. Drivers also have the option to choose a higher deductible to get cheaper .

Comprehensive auto coverage

This coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage. The most you'll receive from a claim 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.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage provides protection when other motorists either are underinsured or have no liability coverage at all. Since many drivers carry very low liability coverage limits, their limits can quickly be used up. That's why carrying high Uninsured/Underinsured Motorist coverage is very important.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP kick in for short-term medical expenses for things like nursing services, prosthetic devices, and dental work. They can be used in conjunction with a health insurance program or if you lack health insurance entirely. PIP coverage is not an option in every state and may carry a deductible.