Buying auto insurance online saves time, is easy to do and there is a good chance you may find lower rates. The key to finding lower rates is to compare rates from all companies in order to have all possible prices.

Shopping online for auto insurance can be a challenge if you are a beginner to online rate quotes. But don't be discouraged because we're going to show you how. Finding cheaper coverage prices is not rocket science. All you need to do is take the time to compare quotes online from several insurance companies. This can be accomplished by comparing rates here.

Insurance premiums on a 2001 will vary greatly and are calculated by many factors. Some of these factors include:

• Tickets increase premiums
• Your credit history
• Your gender can raise or lower rates
• Deductible amount directly impacts your rate
• Safety rating of your 2001
• Whether or not you have claims
• No coverage lapses saves money
• Whether you own your home

One important consideration that helps determine your rates is the age of the vehicle. Newer models cost more compared to older models so the costs to repair will push premiums up. Conversely, newer models have more advanced features such as forward-collision avoidance, sideview assist mirrors, and all-wheel drive so those may lower rates.

Liability coverage

This protects you from damage that occurs to people or other property in an accident. Liability insurance covers things like legal defense fees, bail bonds, and repair bills for other people's vehicles. It is cheap coverage so buy as much as you can afford.

Collision protection

Collision insurance pays for damage to your resulting from a collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company. Collision coverage for your 2001 can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. You can also increase the deductible to bring the cost down.

Comprehensive coverage

This coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay. The maximum amount you'll receive from a claim is the cash value of the vehicle, so if it's not worth much more than your deductible consider dropping full coverage.

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle's occupants from other drivers when they do not carry enough liability coverage. Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Medical payments coverage and PIP

Med pay and PIP coverage kick in for short-term medical expenses like nursing services, prosthetic devices, and dental work. They are often used in conjunction with a health insurance plan or if you do not have health coverage. PIP coverage is not available in all states and gives slightly broader coverage than med pay.