Comparing car insurance by comparing rates online is easy, in addition you can save money. The key is to take the time to get rates from as many companies as possible so you can compare the lowest rate quotes.

Beginners to comparing rates may think purchasing cut-rate 2002 insurance is going to be difficult. There are several ways of comparing rates and find the best price. By far the easiest way to find the lowest involves getting comparison quotes online. This is very easy and can be done by visiting this page.

Criteria which help determine your insurance rates

Car insurance premiums for your 2002 can vary widely based upon several criteria. A few of these criteria are:

• Your driving record
• Credit rating
• Male rates may be higher
• Higher deductibles save money
• NTSB crash rating for your vehicle
• Your occupation
• Insurance coverage level
• Owning a home can lower rates

An additional factor that can impact is the year of the vehicle. Used vehicles have a much lower replacement value than newer models so the payout to repair will push premiums down. Although newer vehicles may have safety features included like a backup camera, automatic crash notification, pedestrian detection, and blind-spot warning system which can provide discounts that lower premiums.

Auto liability insurance

Liability insurance can cover injuries or damage you cause to other's property or people. Liability coverage pays for claims such as funeral expenses, loss of income, and emergency aid. Liability insurance is relatively cheap so you should buy higher limits if possible.

Collision insurance

This coverage covers damage to your resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Another option is to raise the deductible in order to get cheaper .

Comprehensive insurance

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage. The maximum payout a car insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it's probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Because many people only purchase the least amount of liability that is required, it doesn't take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP provide coverage for bills such as ambulance fees, surgery, and doctor visits. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. PIP is not an option in every state but can be used in place of medical payments coverage.