Buying auto insurance by comparing rates online is simple to do, plus you might just save a little. The critical component is to take the time to get as many rate quotes as possible so you can get the cheapest rate quotes.

Shopping online for auto insurance can be difficult if you have never used online quotes. But don't let that discourage you because comparing prices is actually very simple. Finding lower can be quick and easy. You just have to spend a little time to get quotes online with multiple companies. This can be accomplished by completing this short form.

Rates are impacted by these factors

Auto insurance rates for a 2002 can vary widely subject to many criteria. Including but not limited to:

  • Traffic citations increase rates
  • Credit rating
  • Your gender can raise or lower rates
  • Low deductibles cost more
  • Crash test rating for your 2002
  • Claims drive up premiums
  • No coverage lapses saves money
  • Home ownership saves money

A final factor that helps determine is the model year. New vehicles cost more in comparison to later models so the payout to repair can inflate annual premiums. Conversely, newer models may have a trim level with safety features such as a backup camera, an advanced theft deterrent system, dual-stage airbags, and pedestrian detection which can give discounted rates.

Auto liability insurance - 2002 liability coverage protects you from damage or injury you incur to other people or property in an accident. Liability coverage pays for claims like pain and suffering, repair costs for stationary objects, and legal defense fees. This coverage is usually fairly inexpensive so consider buying higher limits if possible.

Collision coverage - Collision insurance pays for damage to your caused by collision with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage. 2002 collision insurance is rather expensive coverage, so consider removing coverage from vehicles that are older. It's also possible to bump up the deductible to bring the cost down.

Comprehensive insurance - Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by your comprehensive insurance. The maximum payout your auto insurance company will pay is the market value of your vehicle, so if the vehicle's value is low consider dropping full coverage.

Uninsured/Underinsured Motorist coverage - Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. Since many drivers have only the minimum liability required by law, it doesn't take a major accident to exceed their coverage limits. So UM/UIM coverage is very important.

Med pay and Personal Injury Protection (PIP) - Med pay and PIP coverage reimburse you for immediate expenses (i.e. EMT expenses, pain medications, and nursing services). They are used to fill the gap from your health insurance policy or if you do not have health coverage. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage.