There are many options when comparing insurance rates on your vehicle. You can either buy through your neighborhood insurance agent or get quotes online to compare rates from insurance carriers. Shopping for auto insurance by getting online quotes saves time, is easy to do and there is a good chance you will probably save money.

Comparing auto insurance rates direct online can be a challenge if you are a beginner to online quoting. Don't let that stop you because there is an easy way to compare rates. Finding a better price on auto insurance can be relatively painless. Consumers just need to spend a few minutes comparing rates online from several insurance companies. This is very easy and can be done by comparing rates here.

Insurance rates for your 2002 can fluctuate considerably and are calculated by many factors. Some of these factors include:

• High performance increases premiums
• Accidents raise premiums
• Whether you insure your home with the same company
• Pleasure, commuting or business use can affect rates
• Extra coverages like towing and rental
• No claims lowers premiums
• No coverage lapses saves money
• Whether you own your home

One last important factor that will help determine the rate you pay on your is the year of manufacture. Newer models have a higher replacement value so the costs to repair may result in higher rates. Conversely, more recent vehicles may have options such as pedestrian detection, dual-stage airbags, a rollover prevention system, and automatic crash notification which may lower rates.

Liability - This will cover damage that occurs to other's property or people by causing an accident. Liability can pay for things like legal defense fees, bail bonds, and repair bills for other people's vehicles. It is cheap coverage so purchase as high a limit as you can afford.

Collision coverages - Collision coverage will pay to fix damage to your resulting from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also choose a higher deductible to bring the cost down.

Comprehensive or Other Than Collision - Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage. The most you'll receive from a claim is the cash value of the vehicle, so if it's not worth much more than your deductible it's not worth carrying full coverage.

Uninsured and underinsured coverage - Your UM/UIM coverage protects you and your vehicle's occupants from other drivers when they are uninsured or don't have enough coverage. Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Medical costs insurance - Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for things like nursing services, prosthetic devices, and dental work. They are often utilized in addition to your health insurance program or if you do not have health coverage. PIP coverage is only offered in select states and gives slightly broader coverage than med pay.