You have lots of choices when insurance shopping for your vehicle. You can buy from an insurance agent or shop online to compare insurance costs of lots of different providers. Finding cheaper auto insurance through online providers is easy and at the same time you may find lower rates.

Consumers who are new to the process of comparison shopping may think purchasing cut-rate 2002 insurance is hard and time consuming. Cutting your is surprisingly easy. Drivers just need to take a couple of minutes to compare quotes from different insurance companies. It is quite easy and can be accomplished by getting a quick quote here.

What factors impact your insurance rates?

Insurance premiums for your 2002 can vary widely based upon several criteria. Taken into consideration are:

  • The performance level of your 2002
  • Any accidents you may have
  • Home/auto policy bundles save money
  • Pleasure, commuting or business use can affect rates
  • Your age
  • Being married may save money
  • Special coverage such as replacement cost
  • Whether or not you have claims
  • Having current coverage saves
  • Whether you rent or own your home

One important consideration which can affect your rates is the age of the vehicle. Models that are new have a higher actual cash value compared to older models so repair costs are higher which can inflate annual premiums. On the flip side, newer models have more advanced features like lane departure warning system, a collision avoidance system, a rollover prevention system, and an advanced theft deterrent system which can help offset higher rates.

Liability auto insurance - Liability insurance protects you from damages or injuries you inflict on other's property or people that is your fault. Liability coverage pays for things such as emergency aid, pain and suffering, and medical services. Liability insurance is relatively cheap so buy higher limits if possible.

Collision - This pays for damage to your resulting from colliding with an object or car. You will need to pay your deductible and then insurance will cover the remainder. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Drivers also have the option to increase the deductible to get cheaper .

Comprehensive (Other than Collision) - Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay. The maximum payout 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 dropping full coverage.

UM/UIM Coverage - This provides protection when other motorists do not carry enough liability coverage. Since a lot of 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 should not be overlooked.

Medical expense insurance - Med pay and PIP coverage provide coverage for expenses like doctor visits, EMT expenses, and X-ray expenses. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. PIP is not available in all states and may carry a deductible.