You have lots of choices when finding cheaper insurance coverage on your vehicle. You can either buy through your neighborhood insurance agent or get quotes online to check prices from a lot of auto insurance companies. Finding cheaper auto insurance through online companies saves time, is easy to do and at the same time you will probably save money.

Finding the best direct price on auto insurance is challenging if you are a beginner to quoting online. But don't let that discourage you because there is an easy way to compare rates. Finding cheaper coverage prices is not a difficult process. All you need to do is take the time comparing rates online from several insurance companies. It is quite easy and can be accomplished by completing this short form.

What factors determine car insurance premiums?

Insurance rates for a 2004 can be significantly different and are calculated by many factors. Taken into consideration are:

  • High performance increases premiums
  • How many accidents you have had
  • Home/auto policy bundles save money
  • Use of your vehicle
  • Your birth date
  • Having a spouse can save money
  • Special coverage such as replacement cost
  • No claims lowers premiums
  • No coverage lapses saves money
  • Whether you rent or own your home

One last important factor which can affect the rate you pay on your is the year of manufacture. New vehicles have a higher actual cash value so the costs to repair may end up costing you more. Conversely, newer vehicles may have options such as active head restraints, traction control, and a rollover prevention system that may help give discounted rates.

Coverage for liability

This can cover damages or injuries you inflict on other people or property that is your fault. Liability coverage protects against things such as emergency aid, pain and suffering, and medical services. It is cheap coverage so purchase as large an amount as possible.

Collision protection

This covers damage to your caused by collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company. 2004 collision insurance is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It's also possible to choose a higher deductible to bring the cost down.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle's value is low it's probably time to drop comprehensive insurance.

Uninsured or underinsured coverage

This protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.

Insurance for medical payments

Coverage for medical payments and/or PIP kick in for expenses for things like doctor visits, EMT expenses, and X-ray expenses. They are used to fill the gap from your health insurance policy or if you do not have health coverage. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage.