Drivers have lots of options when shopping for insurance coverage for your vehicle. You can either contact your neighborhood insurance agent or go online to compare pricing from multiple companies. Comparing auto insurance online can be fast and easy, plus you will probably save money.

If you've never shopped for auto insurance online, you may be overwhelmed by the hoards of companies competing for your business. Getting better is not rocket science. Just take time comparing rates provided by online insurance companies. This can be done by visiting this page.

Rates are determined by these factors

Insurance rates on a 2002 can vary widely depending on several factors. Including but not limited to:

  • Higher performance 2002 vehicles cost more
  • Any accidents you may have
  • Home and auto can earn discounts
  • Pleasure use vs. commuting use
  • Add-on coverages such as rental reimbursement
  • No claims lowers premiums
  • Maintaining coverage lowers rates
  • Home ownership saves money

One last important factor that can impact the rate you pay on your is the year of manufacture. A newer vehicle have a higher value so the cost to replace them can inflate annual premiums. But newer models may have options including adaptive headlights, sideview assist mirrors, automatic crash notification, and pedestrian detection which can provide discounts that lower premiums.

Liability coverage - This coverage protects you from damage or injury you incur to people or other property. Liability coverage pays for claims like pain and suffering, repair costs for stationary objects, and legal defense fees. Coverage is generally pretty cheap so purchase higher limits if possible.

Collision coverage - This coverage pays for damage to your resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in. Collision coverage for your 2002 can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to save money on collision insurance.

Comprehensive coverage - This coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage. The maximum payout your auto insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Uninsured/Underinsured Motorist coverage - Uninsured or Underinsured Motorist coverage gives you protection when the "other guys" do not carry enough liability coverage. Because many people only purchase the least amount of liability that is required, it doesn't take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.

Medical payments coverage and PIP - Med pay and PIP coverage pay for immediate expenses for things like EMT expenses, pain medications, and nursing services. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage.