Drivers have lots of options when finding cheaper insurance coverage on your vehicle. You can either buy through a local agent or go online to compare rates from insurance providers. Buying car insurance by comparing rates online can be fast and easy, plus you might just save a little.

If you're new to shopping for car insurance online, you may be overwhelmed by the hoards of companies vying for your business. When shopping for car insurance there are multiple ways to compare quotes from local car insurance companies. The easiest way by far to compare is to get quotes online. This can be done by comparing rates here.

Rates are impacted by these factors

Auto insurance rates on a 2001 can vary widely depending on several factors. Including but not limited to:

• Higher performance 2001 vehicles cost more
• Any accidents you may have
• Multiple policies can save money
• Pleasure use vs. commuting use
• Add-on coverages such as rental reimbursement
• What you do for a living
• Your coverage level
• Home ownership saves money

A final factor that helps determine is the model year. Older models have a lower value in comparison to older models so the cost to replace them may result in lower rates. On the flip side, newer models may have a trim level with safety features like adaptive cruise control, lane departure warning system, and pedestrian detection which can lower rates.

Auto liability insurance

This coverage protects you from damage or injury you incur to people or other property in an accident. Liability coverage pays for claims like pain and suffering, repair costs for stationary objects, and legal defense fees. Coverage is generally pretty cheap so consider buying higher limits if possible.

Collision protection

Collision insurance pays for damage to your resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in. Collision coverage for your 2001 can be pricey, so you might think about dropping it from vehicles that are older. You can also bump up the deductible to get cheaper .

Comprehensive insurance

This coverage pays for damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by your comprehensive insurance. The maximum payout your car insurance company will pay is the ACV or actual cash value, so if it's not worth much more than your deductible consider dropping full coverage.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle's occupants when other motorists do not carry enough liability coverage. Since many drivers only carry the minimum required liability limits, it doesn't take a major accident to exceed their coverage limits. That's why carrying high Uninsured/Underinsured Motorist coverage is very important.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage pay for immediate expenses (i.e. EMT expenses, pain medications, and nursing services). They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay.