Buying car insurance by comparing rates online saves time, is easy to do and at the same time you can save money. The key to finding lower rates is getting rates from all companies so you can get the lowest prices.

Shopping online for car insurance is challenging if you are a beginner to quoting online. But don't be discouraged because it's actually quite easy. There are several ways of comparing rates from local car insurance companies. The easiest way to find competitive is to get quotes online. It is quite easy and can be accomplished by completing this short form.

What factors determine car insurance premiums?

Car insurance premiums on a 2001 can be significantly different and are calculated by many factors. Taken into consideration are:

• Tickets increase premiums
• Better credit means lower rates
• Male rates may be higher
• Low deductibles cost more
• Your vehicle's safety rating
• Your occupation
• Your coverage level
• Whether you rent or own your home

An additional factor that helps determine is the year of the vehicle. Older models have a reduced actual cash value than newer models so the cost to replace them may end up costing you less. On the flip side, newer vehicles may have safety features like automatic crash notification, sideview assist mirrors, blind-spot warning system, and all-wheel drive that may help give discounted rates.

Auto liability insurance - This can cover damages or injuries you inflict on people or other property in an accident. Liability coverage protects against things such as emergency aid, pain and suffering, and medical services. It is cheap coverage so you should buy as large an amount as possible.

Collision - Collision insurance covers damage to your resulting from a collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company. Collision coverage for your 2001 can be pricey, so analyze the benefit of dropping coverage from older vehicles. It's also possible to raise the deductible to get cheaper .

Comprehensive insurance - This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle's value is low it's probably time to drop comprehensive insurance.

UM/UIM Coverage - This protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That's why carrying high Uninsured/Underinsured Motorist coverage is very important.

Med pay and Personal Injury Protection (PIP) - Coverage for medical payments and/or PIP kick in for expenses such as doctor visits, EMT expenses, and X-ray expenses. They are used in conjunction with a health insurance policy or if you lack health insurance entirely. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage.