Buying auto insurance from online companies is easy, plus you might just save a little. The key is to compare as many rate quotes as possible in order to have the cheapest rate quotes.

People who are new to buying insurance may think buying cheap 2003 insurance can be quite difficult. Finding lower is actually quite simple. You just have to spend a little time to get quotes from different insurance companies. This can be accomplished by comparing rates here.

Rates are impacted by the following

Auto insurance rates for a 2003 will vary greatly based upon several criteria. Including but not limited to:

  • Your driving record
  • Your credit history
  • Male rates may be higher
  • Deductible amount directly impacts your rate
  • Crash test rating for your 2003
  • Claims drive up premiums
  • Having continuous coverage saves you money
  • Home ownership saves money

A final factor that helps determine is the model year. Newer models cost more in comparison to later models so repair costs are higher which will push premiums up. Although newer vehicles may have a trim level with safety features included like lane departure warning system, dual-stage airbags, and pedestrian detection so those may lower rates.

Liability coverage - Liability insurance can cover damage or injury you incur to other people or property in an accident. Liability insurance covers claims like pain and suffering, repair costs for stationary objects, and legal defense fees. Liability insurance is relatively cheap so consider buying as much as you can afford.

Collision coverage - Collision insurance covers damage to your caused by collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder. 2003 collision insurance is rather expensive coverage, so consider dropping it from vehicles that are older. You can also bump up the deductible in order to get cheaper .

Comprehensive coverage - Comprehensive insurance pays for damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by your comprehensive insurance. The maximum amount your auto insurance company will pay is the actual cash value, so if it's not worth much more than your deductible it's probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist coverage - Uninsured or Underinsured Motorist coverage protects you and your vehicle's occupants from other motorists when they either are underinsured or have no liability coverage at all. Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important.

Medical payments coverage and PIP - Coverage for medical payments and/or PIP provide coverage for immediate expenses (i.e. EMT expenses, pain medications, and nursing services). They are often used to fill the gap from your health insurance plan or if you are not covered by health insurance. PIP is not an option in every state and gives slightly broader coverage than med pay.