There are many options when trying to find low-cost insurance for your vehicle. You can buy from a local agent or go online to compare insurance costs of many different companies. Buying car insurance from online companies can be fast and easy and there is a good chance you might just save a little.

If you're new to shopping for car insurance online, you can be overwhelmed by the hoards of car insurance companies vying for your business. When shopping for car insurance there are multiple ways to compare quotes from car insurance companies in your area. The simplest method to find the cheapest is to get quotes online. This can be accomplished by getting a quick quote here.

Auto insurance rates for a 1994 can vary widely depending on several factors. Some of these factors include:

  • Higher performance 1994 vehicles cost more
  • Any accidents you may have
  • Multiple policies can save money
  • Use of your vehicle
  • Extra coverages like towing and rental
  • What you do for a living
  • The amount of protection requested
  • Whether you own your home

A final factor that helps determine is the model year. Older models cost less in comparison to older models so repair costs tend to be lower which may result in lower rates. But newer models may have a trim level with safety features including autonomous braking, a telematics system, a collision avoidance system, and a rollover prevention system which can help offset higher rates.

Liability coverage

This coverage protects you from damage that occurs to other people or property in an accident. Liability coverage pays for things like legal defense fees, bail bonds, and repair bills for other people's vehicles. Coverage is generally pretty cheap so consider buying higher limits if possible.

Coverage for collisions

Collision insurance pays for damage to your caused by collision with another car or object. You will need to pay your deductible then your collision coverage will kick in. 1994 collision insurance is rather expensive coverage, so you might think about dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to save money on collision insurance.

Comprehensive coverage

Comprehensive insurance covers damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by your comprehensive insurance. The maximum payout you'll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle's value consider dropping full coverage.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage provides protection when the "other guys" do not carry enough liability coverage. 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 payments coverage and PIP

Med pay and PIP coverage pay for short-term medical expenses (i.e. nursing services, prosthetic devices, and dental work). They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Personal Injury Protection is not available in all states and may carry a deductible.