There are many options when buying insurance for your vehicle. You can either buy through your neighborhood insurance agent or get quotes online to compare insurance costs of companies. Finding cheaper auto insurance by quoting online saves time, is easy to do and there is a good chance you will probably save money.

Finding the best direct price on auto insurance can be a challenge if you are a beginner to online quotes. Don't let that stop you because there is an easy way to compare rates. Finding lower is a fairly straight forward process. You just have to spend a little time comparing rates online from several insurance companies. It is quite easy and can be accomplished by getting a quick quote here.

Insurance rates for your 2001 can vary widely and are calculated by many factors. Some of these factors include:

• High performance increases premiums
• Any accidents you may have
• Home/auto policy bundles save money
• Pleasure, commuting or business use can affect rates
• Extra coverages like towing and rental
• No claims lowers premiums
• No coverage lapses saves money
• Whether you own your home

One last important factor which can affect the rate you pay on your is the year of manufacture. Models that are new have a higher actual cash value so the costs to repair can inflate annual premiums. Conversely, new models may have options such as tire pressure monitors, sideview assist mirrors, lane departure warning system, and adaptive cruise control which can help offset higher rates.

Liability coverages - This provides protection from damage that occurs to other's property or people that is your fault. Liability coverage pays for things like legal defense fees, bail bonds, and repair bills for other people's vehicles. It is cheap coverage so purchase higher limits if possible.

Collision coverage - This pays to fix your vehicle from damage resulting from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company. Collision coverage makes up a good portion of your premium, 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 bring the cost down.

Comprehensive coverages - Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage. The maximum payout you'll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle's value consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage - Your UM/UIM coverage provides protection from other drivers when they either have no liability insurance or not enough. Since a lot of drivers carry very low liability coverage limits, it doesn't take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.

Coverage for medical payments - Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for things like nursing services, prosthetic devices, and dental work. They can be utilized in addition to your health insurance policy or if you do not have health coverage. PIP coverage is not universally available and may carry a deductible.