Finding cheaper car insurance through online providers is easy and at the same time you might just save a little. The key is to compare rates from all companies in order to accurately compare every company's rates.

Consumers who are new to the process of comparison shopping may think buying low-cost 2002 insurance is hard and time consuming. When shopping for car insurance there are multiple ways of comparing rates from car insurance companies in your area. The simplest method to find the cheapest is to perform an online rate comparison. It is quite easy and can be accomplished by getting a quick quote here.

What factors impact the rate you pay?

Auto insurance rates on a 2002 will vary greatly based upon several criteria. Taken into consideration are:

• Your driving record
• Your credit history
• The size of your community
• The number of annual miles
• Male rates may be higher
• The deductible you choose
• Your vehicle's safety rating
• What you do for a living
• The amount of protection requested
• Whether you rent or own your home

A final factor which can affect is the model year. Models that are a few years old have a reduced actual cash value in comparison to older models so the cost to replace them will push premiums down. But newer vehicles may have a trim level with safety features including tire pressure monitors, sideview assist mirrors, active head restraints, and adaptive cruise control so those may help offset higher rates.

Liability auto insurance

Liability insurance can cover damages or injuries you inflict on people or other property that is your fault. Liability insurance covers things such as emergency aid, pain and suffering, and medical services. Liability insurance is relatively cheap so consider buying as much as you can afford.

Coverage for collisions

This covers damage to your resulting from a collision with an object or car. You have to pay a deductible and then insurance will cover the remainder. Collision coverage for your 2002 can be pricey, so consider dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to save money on collision insurance.

Comprehensive (Other than Collision)

This coverage covers damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by your comprehensive insurance. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle's value it's probably time to drop comprehensive insurance.

Protection from uninsured/underinsured drivers

This provides protection when the "other guys" either are underinsured or have no liability coverage at all. Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Medical expense insurance

Coverage for medical payments and/or PIP provide coverage for expenses (i.e. doctor visits, EMT expenses, and X-ray expenses). They can be used in conjunction with a health insurance plan or if there is no health insurance coverage. PIP is not an option in every state and may carry a deductible.