There are many options when attempting to insure your vehicle. You can either buy through an agent or shop online to compare rates from multiple insurance companies. Finding cheaper auto insurance on the web is easy and there is a good chance you can save money.

Consumers who are new to the process of shopping for insurance may think purchasing cut-rate 2002 insurance is not very easy. Getting cheaper insurance rates isn't really that difficult. The only requirement is to invest a few minutes getting comparison quotes from different insurance companies. It is quite easy and can be accomplished by comparing rates here.

Car insurance premiums for your 2002 can vary widely based upon several criteria. Some of these factors include:

• The performance level of your 2002
• Any accidents you may have
• Home/auto policy bundles save money
• Pleasure, commuting or business use can affect rates
• Young drivers cost more
• Whether you are married
• Extra coverages like towing and rental
• Your claim history
• No coverage lapses saves money
• Whether you own your home

An additional factor which can affect is the year of the vehicle. Newer models have a higher actual cash value than older models so repair costs are higher which can inflate annual premiums. Conversely, more recent vehicles may have safety features such as automatic crash notification, anti-lock brakes, and a backup camera which can lower rates.

Liability car insurance

Liability insurance will cover damage that occurs to other's property or people that is your fault. Liability coverage pays for things like legal defense fees, bail bonds, and repair bills for other people's vehicles. Liability insurance is relatively cheap so you should buy higher limits if possible.

Auto collision coverage

This will pay to fix damage to your resulting from colliding with another car or object. 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. You can also raise the deductible to bring the cost down.

Comprehensive auto insurance

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage. The maximum payout you'll receive from a claim is the actual cash value, so if it's not worth much more than your deductible it's not worth carrying full coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage protects you and your vehicle's occupants from other drivers when they are uninsured or don't have enough coverage. Since a lot of drivers only carry the minimum required liability limits, it doesn't take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses such as nursing services, prosthetic devices, and dental work. They are often utilized in addition to your health insurance policy or if you do not have health coverage. PIP is only offered in select states and gives slightly broader coverage than med pay.