Shopping for auto insurance through online companies is easy, in addition you can save money. The key is to take the time to get rates from all companies so you can get every option.

Consumers not familiar with comparing rates may think purchasing low-cost 2001 insurance is difficult. Finding a lower price on 2001 insurance is not a difficult process. You just have to take a little time getting comparison quotes from different insurance companies. This is very easy and can be done by completing this short form.

Criteria which help determine insurance rates

Car insurance premiums on a 2001 can vary widely based upon several criteria. A few of these criteria are:

• Your driving record
• Credit rating
• Where you reside can make a big difference
• The number of annual miles
• Male drivers pay higher rates
• Low deductibles cost more
• NTSB crash rating for your vehicle
• Your claim history
• Maintaining coverage lowers rates
• Owning a home can lower rates

An additional factor that will help determine is the year of the vehicle. New vehicles have a higher replacement value than older models so repair costs are higher which can inflate annual premiums. But new models may have safety features including a telematics system, adaptive cruise control, and traction control which can give discounted rates.

Coverage for liability

Liability insurance provides protection from injuries or damage you cause to people or other property by causing an accident. Liability coverage pays for claims such as funeral expenses, loss of income, and emergency aid. Liability insurance is relatively cheap so you should buy higher limits if possible.

Collision coverage

Collision coverage pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder. Collision coverage for your 2001 can be pricey, so consider dropping it from older vehicles. It's also possible to raise the deductible to save money on collision insurance.

Comprehensive coverage (or Other than Collision)

This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage. The maximum payout a auto insurance company will pay at claim time is the actual cash value, so if the vehicle's value is low consider removing comprehensive coverage.

Uninsured Motorist or Underinsured Motorist insurance

This coverage protects you and your vehicle when the "other guys" either have no liability insurance or not enough. Due to the fact that many drivers have only the minimum liability required by law, it doesn't take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for bills such as ambulance fees, surgery, and doctor visits. They are used in conjunction with a health insurance policy or if there is no health insurance coverage. PIP is not universally available but it provides additional coverages not offered by medical payments coverage.