You have lots of choices when attempting to insure your vehicle. You can either contact an insurance agent or get quotes online to check prices from multiple companies. Finding cheaper auto insurance online saves time, is easy to do and at the same time you may find lower rates.

Finding the best direct price on auto insurance is challenging if you are a beginner to online quotes. But don't be discouraged because we're going to show you how. Getting cheaper insurance rates is not rocket science. The only requirement is to invest a few minutes to compare quotes online from several insurance companies. It is quite easy and can be accomplished by completing this short form.

What factors determine your insurance rates?

Insurance premiums on a 2003 can vary widely and are calculated by many factors. Taken into consideration are:

• High performance increases premiums
• Any accidents you may have
• Home/auto policy bundles save money
• Pleasure use vs. commuting use
• Special coverage such as replacement cost
• Whether or not you have claims
• Having current coverage saves
• Whether you rent or own your home

One important consideration which can affect your rates is the age of the vehicle. New vehicles have a higher actual cash value compared to older models so the costs to repair can inflate annual premiums. On the flip side, new models have more advanced features like lane departure warning system, traction control, and autonomous braking which can give discounted rates.

Liability coverage

This provides protection from damages or injuries you inflict on people or other property that is your fault. Liability coverage pays for things such as emergency aid, pain and suffering, and medical services. It is cheap coverage so buy higher limits if possible.

Auto collision coverage

This pays to fix your vehicle from damage resulting from a collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company. Collision coverage for your 2003 can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. It's also possible to increase the deductible to get cheaper .

Comprehensive coverage

This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle's value is low consider removing comprehensive coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This protects you and your vehicle when other motorists either have no liability insurance or not enough. Since a lot of drivers have only the minimum liability required by law, it doesn't take a major accident to exceed their coverage limits. That's why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance kick in for expenses like doctor visits, EMT expenses, and X-ray expenses. They are used in conjunction with a health insurance policy or if you lack health insurance entirely. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage.