Drivers have lots of options when trying to find low-cost insurance for your vehicle. You can either buy through a local agent or go online to check prices from multiple companies. Buying auto insurance online can be fast and easy, plus you might just save a little.

If you're new to shopping for auto insurance online, you may be overwhelmed by the hoards of online auto insurance companies and websites vying for your business. Getting lower is not rocket science. The only thing you need to do is invest a little time to get quotes provided by online insurance companies. This can be accomplished by completing this short form.

Rates are impacted by these factors

Auto insurance rates for your 2003 can vary widely depending on several factors. Including but not limited to:

  • Higher performance 2003 vehicles cost more
  • Any accidents you may have
  • Multiple policies can save money
  • Pleasure, commuting or business use can affect rates
  • Add-on coverages such as rental reimbursement
  • Claims drive up premiums
  • Maintaining coverage lowers rates
  • Home ownership saves money

A final factor that helps determine is the model year. New vehicles cost more in comparison to later models so the cost to replace them can inflate annual premiums. But newer models may have a trim level with safety features including a telematics system, adaptive cruise control, and anti-lock brakes which can give discounted rates.

Liability coverage

This coverage protects you from damage or injury you incur to other's property or people in an accident. Liability coverage pays for claims like pain and suffering, repair costs for stationary objects, and legal defense fees. Coverage is generally pretty cheap so consider buying higher limits if possible.

Coverage for collisions

Collision insurance pays for damage to your resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It's also possible to bump up the deductible to save money on collision insurance.

Comprehensive coverage

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by your comprehensive insurance. The maximum payout your auto insurance company will pay is the ACV or actual cash value, so if the vehicle's value is low consider dropping full coverage.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the "other guys" do not carry enough liability coverage. Since many drivers have only the minimum liability required by law, it doesn't take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.

Medical payments coverage and PIP

Med pay and PIP coverage pay for immediate expenses (i.e. EMT expenses, pain medications, and nursing services). They are utilized in addition to your health insurance policy or if there is no health insurance coverage. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage.