Shopping for auto insurance through online rate quotes is easy and at the same time you will probably 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.

Consumers not familiar with comparison shopping may think purchasing cut-rate 2002 insurance is going to be difficult. Lowering your can be surprisingly 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 your 2002 can vary widely based upon several criteria. Taken into consideration are:

• Your driving record
• Credit rating
• Men typically pay more than women
• 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, more recent vehicles may have options like adaptive cruise control, autonomous braking, traction control, and forward-collision avoidance which can provide discounts that lower premiums.

Auto liability

Liability insurance will cover damages or injuries you inflict on other's property or people 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 will pay to fix damage to your resulting from colliding with an object or car. 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 vehicles that are 8 years or older. Another option is to choose a higher deductible to get cheaper .

Comprehensive auto coverage

Comprehensive insurance coverage 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 it's not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection when other motorists are uninsured or don't have enough 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 and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for things like doctor visits, EMT expenses, and X-ray expenses. The coverages can be utilized in addition to your health insurance policy or if you lack health insurance entirely. PIP is only offered in select states but can be used in place of medical payments coverage.