Buying auto insurance by quoting online saves time, is easy to do and at the same time you can save money. The key to finding lower rates is to take the time to get as many rate quotes as possible so you can compare the cheapest rate quotes.

Shopping online for auto insurance is challenging if you are a beginner to online quotes. But don't let that discourage you because it's actually quite easy. Finding lower is a fairly straight forward process. You just have to spend a little time getting comparison quotes online from several insurance companies. This can be accomplished by visiting this page.

What factors determine your insurance rates?

Car insurance premiums for a 2002 can vary widely and are calculated by many factors. Taken into consideration are:

• Tickets increase premiums
• Credit rating
• Men typically pay more than women
• Higher deductibles save money
• Your vehicle's safety rating
• Your claim history
• No coverage lapses saves money
• Whether you rent or own your home

An additional factor that helps determine is the year of the vehicle. A newer vehicle cost more than older models so the costs to repair can inflate annual premiums. Conversely, more recent vehicles may have safety features such as tire pressure monitors, sideview assist mirrors, lane departure warning system, and adaptive cruise control which can provide discounts that lower premiums.

Liability coverages - This will cover damages or injuries you inflict on other people or property in an accident. Liability coverage pays for things such as emergency aid, pain and suffering, and medical services. It is cheap coverage so you should buy higher limits if possible.

Collision coverage - Collision insurance will pay to fix damage to your caused by collision with an object or car. You will need to pay your 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 older vehicles. Another option is to raise the deductible to bring the cost down.

Comprehensive coverages - Comprehensive insurance will pay to fix 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 maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it's not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage - This gives you protection from other drivers when they are uninsured or don't have enough coverage. Since many drivers only purchase the least amount of liability that is required, it doesn't take a major accident to exceed their coverage limits. So UM/UIM coverage is very important.

Coverage for medical payments - Personal Injury Protection (PIP) and medical payments coverage kick in for expenses such as doctor visits, EMT expenses, and X-ray expenses. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. PIP coverage is only offered in select states but can be used in place of medical payments coverage.