Buying auto insurance from online companies saves time, is easy to do and there is a good chance you can save money. The key to finding lower rates is to take the time to get rates from as many companies as possible in order to accurately compare the best prices.

Shopping online for auto insurance can be a challenge if you are a beginner to online quotes. Don't let that stop you because it's actually quite easy. Finding a better price on auto insurance is actually quite simple. Consumers just need to spend a few minutes getting comparison quotes online from several insurance companies. This can be accomplished by getting a quick quote here.

Car insurance premiums for your 2002 can vary widely and are calculated by many factors. Some of these factors include:

• Tickets increase premiums
• Credit rating
• Your gender can raise or lower rates
• The deductible you choose
• Safety rating of your 2002
• Your claim history
• Having current coverage saves
• Whether you own your home

An additional factor that helps determine is the year of the vehicle. Models that are new cost more than older models so the costs to repair can inflate annual premiums. On the flip side, newer models may have safety features like autonomous braking, dual-stage airbags, and sideview assist mirrors which can help offset higher rates.

Liability coverage - This protects you from damage that occurs to other's property or people in an accident. Liability coverage pays for things like legal defense fees, bail bonds, and repair bills for other people's vehicles. It is cheap coverage so you should buy higher limits if possible.

Collision coverages - Collision insurance pays for damage to your resulting from colliding with another car or object. You will need to pay your deductible 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 older vehicles. Drivers also have the option to raise the deductible to get cheaper .

Comprehensive coverage - Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage. The maximum payout you'll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle's value consider dropping full coverage.

Uninsured and underinsured coverage - Your UM/UIM coverage provides protection when other motorists do not carry enough liability coverage. Since many drivers carry very low liability coverage limits, it doesn't take a major accident to exceed their coverage limits. That's why carrying high Uninsured/Underinsured Motorist coverage is very important.

Medical payments coverage and PIP - Med pay and PIP coverage kick in for short-term medical expenses such as nursing services, prosthetic devices, and dental work. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. PIP coverage is not available in all states and may carry a deductible.