Shopping for auto insurance from online companies is easy and at the same time you will probably save money. The key is to take the time to get as many rate quotes as possible so you can compare the lowest rate quotes.

Consumers not familiar with comparison shopping may think purchasing cheap 2002 insurance can be quite difficult. Lowering your is actually quite simple. You just need to take a few minutes comparing rates from different insurance companies. This is very easy and can be done by visiting this page.

What factors impact your insurance rates?

Insurance rates for a 2002 can vary widely based upon several criteria. Taken into consideration are:

• Your driving record
• Credit rating
• Your gender can raise or lower rates
• Higher deductibles save money
• Your vehicle's safety rating
• No claims lowers premiums
• Having current coverage saves
• Whether you rent or own your home

One last important factor that will help determine the rate you pay on your is the year of manufacture. A newer vehicle have a higher replacement value so repair costs are higher which can inflate annual premiums. On the flip side, newer models may have options like active head restraints, adaptive headlights, a backup camera, and tire pressure monitors which can provide discounts that lower premiums.

Liability coverage

Liability insurance protects you from damages or injuries you inflict on other people or property by causing an accident. Liability coverage pays for things such as emergency aid, pain and suffering, and medical services. Liability insurance is relatively cheap so purchase higher limits if possible.

Collision insurance

Collision coverage pays for damage to your caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder. 2002 collision insurance is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to get cheaper .

Comprehensive coverage

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection when other motorists do not carry enough liability coverage. Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn't take a major accident to exceed their coverage limits. That's why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Medical payments coverage and PIP

Med pay and PIP coverage provide coverage for expenses for things like doctor visits, EMT expenses, and X-ray expenses. The coverages can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. PIP is not available in all states but can be used in place of medical payments coverage.