You have many choices when trying to insure your vehicle. You can buy from a local agent or shop online to check prices from many different car insurance companies. Finding cheaper car insurance through online rate quotes is easy, in addition you might just save a little.

Consumers who are new to the process of comparing rates may think buying cut-rate 2002 insurance is going to be difficult. When shopping for car insurance there are multiple ways to get quotes from different insurance companies. The quickest method to find competitive is to perform an online rate comparison. This is very easy and can be done by completing this short form.

Criteria which help determine your insurance rates

Auto insurance rates for your 2002 will vary greatly based upon several criteria. A few of these criteria are:

  • The performance level of your 2002
  • Your accident history
  • Home/auto policy bundles save money
  • Pleasure, commuting or business use can affect rates
  • Young drivers cost more
  • Having a spouse can save money
  • Optional coverages like vehicle replacement
  • What you do for a living
  • The level of coverage
  • Owning a home can lower rates

A final factor which can affect is the model year. Models that are a few years old have a much lower replacement value in comparison to older models so the payout to repair will push premiums down. Conversely, more recent vehicles may have a trim level with safety features such as lane departure warning system, a telematics system, and adaptive headlights so those may give discounted rates.

Auto liability

Liability insurance will cover injuries or damage you cause to other's property or people that is your fault. Liability insurance covers claims such as funeral expenses, loss of income, and emergency aid. Liability insurance is relatively cheap so consider buying as much as you can afford.

Collision coverage

This will pay to fix damage to your resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. It's also possible to bump up the deductible to bring the cost down.

Comprehensive auto coverage

Comprehensive insurance 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 the remainder of the damage will be paid by your comprehensive insurance. The maximum amount a car insurance company will pay at claim time is the actual cash value, so if the vehicle's value is low it's not worth carrying full coverage.

Uninsured Motorist or Underinsured Motorist insurance

This coverage protects you and your vehicle from other drivers when they are uninsured or don't have enough coverage. Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills (i.e. ambulance fees, surgery, and doctor visits). They are utilized in addition to your health insurance plan or if you do not have health coverage. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage.