You have many choices when finding cheaper insurance coverage on your vehicle. You can either buy through an agent or go online to compare rates from multiple companies. Comparing car insurance online can be fast and easy, in addition you can save money.

If you've never shopped for car insurance online, you may be confused by the hoards of car insurance companies offering insurance. There are several ways of comparing rates from car insurance companies in your area. The easiest way by far to compare involves getting comparison quotes online. This is very easy and can be done by comparing rates here.

Criteria which help determine

Car insurance premiums for a 2003 can fluctuate considerably depending on several factors. A few of these criteria are:

  • Higher performance 2003 vehicles cost more
  • Accidents raise premiums
  • Home and auto can earn discounts
  • Use of your vehicle
  • Optional coverages like vehicle replacement
  • Your occupation
  • The amount of protection requested
  • Owning a home can lower rates

An additional factor that can impact is the year of the vehicle. Used vehicles have a much lower replacement value than newer models so repair costs tend to be lower which may result in lower rates. But newer vehicles may have safety features including forward-collision avoidance, sideview assist mirrors, and all-wheel drive which may lower rates.

Liability coverage

This coverage can cover injuries or damage you cause to other people or property. Liability can pay for claims such as funeral expenses, loss of income, and emergency aid. Coverage is generally pretty cheap so you should buy as high a limit as you can afford.

Collision protection

This coverage covers damage to your caused by collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in. 2003 collision insurance is rather expensive coverage, so you might think about dropping it from older vehicles. You can also raise the deductible to save money on collision insurance.

Comprehensive coverage

Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage. The most a car insurance company will pay at claim time is the ACV or actual cash value, so if it's not worth much more than your deductible it's probably time to drop comprehensive insurance.

Uninsured or underinsured coverage

This coverage protects you and your vehicle's occupants when the "other guys" either are underinsured or have no liability coverage at all. Because many people only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP pay for bills such as ambulance fees, surgery, and doctor visits. They are often used to fill the gap from your health insurance program or if there is no health insurance coverage. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay.