You have lots of choices when comparing insurance rates on your vehicle. You can either buy through an insurance agent or shop online to compare insurance costs of multiple insurance companies. Shopping for car insurance on the web is easy and at the same time you may find lower rates.

Consumers not familiar with comparison shopping may think buying cheap 2002 insurance is not very easy. The are a couple different ways to compare rate quotes from car insurance companies in your area. One of the best ways to find the cheapest consists of shopping online. It is quite easy and can be accomplished by getting a quick quote here.

What factors impact the rate you pay?

Insurance premiums for a 2002 will vary greatly based upon several criteria. Taken into consideration are:

  • The performance level of your 2002
  • Your accident history
  • Whether you insure your home with the same company
  • Use of your vehicle
  • Mature drivers pay less
  • Being married may save money
  • Special coverage such as replacement cost
  • Your job
  • The amount of protection requested
  • Whether you rent or own your home

One important consideration that will help determine your rates is the age of the vehicle. Older cars and trucks have a reduced actual cash value compared to new models so repair costs tend to be lower which will push premiums down. But new models have more advanced features including a telematics system, lane departure warning system, and tire pressure monitors so those may help offset higher rates.

Liability car insurance - Liability insurance provides protection from damages or injuries you inflict on other people or property by causing an accident. Liability insurance covers things such as emergency aid, pain and suffering, and medical services. Liability insurance is relatively cheap so buy as much as you can afford.

Collision coverages - Collision coverage pays to fix your vehicle from damage caused by collision with an object or car. You have to pay a deductible and then insurance will cover the remainder. 2002 collision insurance is rather expensive coverage, so consider dropping it from lower value vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.

Comprehensive car insurance - Comprehensive insurance covers damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle's value consider removing comprehensive coverage.

Uninsured and underinsured coverage - This provides protection when the "other guys" either have no liability insurance or not enough. Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

Coverage for medical expenses - Medical payments and Personal Injury Protection insurance provide coverage for expenses like doctor visits, EMT expenses, and X-ray expenses. They can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. PIP is not universally available and may carry a deductible.