Drivers have lots of options when shopping for car insurance for your vehicle. You can either buy through your neighborhood insurance agent or shop online to compare rates from insurance carriers. Finding cheaper auto insurance by getting online quotes is easy, plus you will probably save money.

Consumers who are new to the process of buying insurance may think purchasing cut-rate 2002 insurance is nearly impossible. Lowering your can be relatively painless. You just need to take a few minutes comparing rates from different insurance companies. It is quite easy and can be accomplished by comparing rates here.

Premiums are calculated by these things

Insurance rates for your 2002 can vary widely based upon several criteria. Including but not limited to:

  • 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
  • Add-on coverages such as rental reimbursement
  • No claims lowers premiums
  • Having current coverage saves
  • Home ownership saves money

One last important factor which can affect the rate you pay on your is the year of manufacture. Newer models have a higher actual cash value so repair costs are higher which can inflate annual premiums. On the flip side, new models may have options like adaptive headlights, blind-spot warning system, and a rollover prevention system which can lower rates.


Liability insurance provides protection from damage or injury you incur to other's property or people that is your fault. Liability coverage pays for claims like pain and suffering, repair costs for stationary objects, and legal defense fees. Liability insurance is relatively cheap so purchase higher limits if possible.

Collision insurance

This pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. 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. You can also choose a higher deductible to get cheaper .

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage. The maximum payout your auto insurance company will pay is the actual cash value, so if it's not worth much more than your deductible consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle's occupants when other motorists either have no liability insurance or not enough. Since a lot of drivers only carry the minimum required liability limits, it doesn't take a major accident to exceed their coverage limits. That's why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Medical costs insurance

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for things like EMT expenses, pain medications, and nursing services. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. PIP is not universally available and gives slightly broader coverage than med pay.