You have lots of choices when comparing insurance rates on your vehicle. You can either buy through a local agent or get quotes online to compare insurance costs of many different companies. Comparing auto insurance from online companies saves time, is easy to do and at the same time you might just save a little.

Using the web to shop for auto insurance direct is challenging if you are a beginner to quoting online. But don't let that discourage you because comparing prices is actually very simple. Finding a better price on auto insurance is actually quite simple. Consumers just need to spend a few minutes to get quotes online from several insurance companies. This can be done by getting a quick quote here.

What factors determine car insurance premiums?

Auto insurance rates for a 2002 can be significantly different and are calculated by many factors. Taken into consideration are:

• High performance increases premiums
• How many accidents you have had
• Home and auto can earn discounts
• Use of your vehicle
• Special coverage such as replacement cost
• Claims drive up premiums
• No coverage lapses saves money
• Whether you rent or own your home

A final factor that can impact is the model year. Models that are new have a higher value in comparison to later models so the costs to repair may end up costing you more. Conversely, new models may have a trim level with safety features such as autonomous braking, dual-stage airbags, and sideview assist mirrors that may help help offset higher rates.

Liability coverage - This provides protection from damages or injuries you inflict on other people or property. Liability coverage protects against things such as emergency aid, pain and suffering, and medical services. It is cheap coverage so consider buying as large an amount as possible.

Collision coverages - This coverage pays to fix your vehicle from damage caused by collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company. 2002 collision insurance is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to bump up the deductible to bring the cost down.

Comprehensive coverage - Comprehensive insurance covers damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by your comprehensive insurance. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle's value consider removing comprehensive coverage.

Uninsured and underinsured coverage - This provides protection from other drivers when they either have no liability insurance or not enough. Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea.

Medical payments coverage and PIP - Medical payments and Personal Injury Protection insurance kick in for expenses (i.e. doctor visits, EMT expenses, and X-ray expenses). They can be used to fill the gap from your health insurance policy or if you do not have health coverage. PIP coverage is not universally available and may carry a deductible.