Finding cheaper car insurance through online rate quotes is easy and there is a good chance you may find lower rates. The key is getting rates from as many companies as possible in order to accurately compare the cheapest rate quotes.

Consumers who are new to the process of shopping for insurance may think shopping for cut-rate 2002 insurance is going to be difficult. The are a couple different ways to compare rate quotes from local car insurance companies. The recommended way to find the cheapest is to perform an online rate comparison. This can be accomplished by getting a quick quote here.

Insurance premiums for your 2002 can be significantly different based upon several criteria. Some of these factors include:

• Your driving record
• Better credit means lower rates
• Male drivers pay higher rates
• The deductible you choose
• Safety rating of your 2002
• Your job
• Your coverage level
• Whether you own your home

One important consideration which can affect your rates is the age of the vehicle. Models that are a few years old cost less compared to new models so the payout to repair will push premiums down. On the flip side, new models have more advanced features like dual-stage airbags, all-wheel drive, blind-spot warning system, and tire pressure monitors that may help help offset higher rates.

Auto liability - Liability insurance provides protection from damage that occurs to other's property or people that is your fault. Liability coverage protects against things like legal defense fees, bail bonds, and repair bills for other people's vehicles. Liability insurance is relatively cheap so buy as large an amount as possible.

Collision coverage - This pays to fix your vehicle from damage resulting from colliding with another car or object. You first must 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 lower value vehicles. Drivers also have the option to increase the deductible to get cheaper .

Comprehensive auto coverage - Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay. The highest amount you'll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle's value consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage - Your UM/UIM coverage provides protection when other motorists either have no liability insurance or not enough. Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That's why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Medical payments and PIP coverage - Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses like nursing services, prosthetic devices, and dental work. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. PIP is not universally available and may carry a deductible.