Buying auto insurance through online providers saves time, is easy to do, plus you will probably save money. The key to finding lower rates is to take the time to get as many rate quotes as possible in order to accurately compare all your choices.

Shopping online for auto insurance can be difficult if you are a beginner to online quotes. But don't let that discourage you because there is an easy way to compare rates. Getting cheaper insurance rates is surprisingly easy. The only requirement is to invest a few minutes comparing rates online from several insurance companies. This can be accomplished by getting a quick quote here.

Rates are impacted by the following

Insurance rates for a 2001 can vary widely and are calculated by many factors. Including but not limited to:

  • Tickets increase premiums
  • Credit rating
  • Where you live
  • How many miles you drive
  • Male rates may be higher
  • The deductible you choose
  • Crash test rating for your 2001
  • No claims lowers premiums
  • Maintaining coverage lowers rates
  • Home ownership saves money

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 can inflate annual premiums. But newer vehicles may have options including active head restraints, automatic crash notification, blind-spot warning system, and adaptive cruise control which can help offset higher rates.

Liability auto insurance

This can cover damage or injury you incur to other people or property in an accident. 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

Collision insurance covers damage to your caused by collision 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. 2001 collision insurance is rather expensive coverage, 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 save money on collision insurance.

Comprehensive (Other than Collision)

Comprehensive insurance 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 when the "other guys" either are underinsured or have no liability coverage at all. Since many drivers carry very low liability coverage limits, it doesn't take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.

Medical expense insurance

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 used to fill the gap from your health insurance policy or if there is no health insurance coverage. PIP coverage is not an option in every state and may carry a deductible.