Drivers have lots of options when finding cheaper insurance coverage on your vehicle. You can buy from an agent or shop online to compare rates from multiple companies. Buying car insurance online is easy, plus you can save money.

People who are new to buying insurance may think finding affordable 2002 insurance is very challenging. There are several ways of comparing rates from local car insurance companies. The easiest way by far to compare is to get quotes online. This can be done by comparing rates here.

Rates are impacted by the following

Car insurance premiums paid to insure a 2002 can fluctuate considerably based upon several criteria. Including but not limited to:

  • The performance level of your 2002
  • Accidents raise premiums
  • Multiple policies can save money
  • How you use your vehicle
  • Add-on coverages such as rental reimbursement
  • Your occupation
  • Your coverage level
  • Home ownership saves money

An additional factor that helps determine is the year of the vehicle. Older models have a lower value than newer models so the costs to repair will push premiums down. On the flip side, newer vehicles may have safety features like forward-collision avoidance, sideview assist mirrors, and all-wheel drive which may lower rates.

Liability coverage

Liability insurance can cover damage or injury you incur to a person or their property in an accident. Liability can pay for claims like pain and suffering, repair costs for stationary objects, and legal defense fees. Liability insurance is relatively cheap so you should buy as high a limit as you can afford.

Collision protection

Collision insurance covers damage to your from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder. This coverage can be expensive, so consider dropping it from older vehicles. You can also raise the deductible to get cheaper .

Comprehensive coverage

This pays for damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage. The most your car insurance company will pay is the actual cash value, so if it's not worth much more than your deductible it's probably time to drop comprehensive insurance.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle's occupants when other motorists either are underinsured or have no liability coverage at all. Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. That's why carrying high Uninsured/Underinsured Motorist coverage is very important.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP provide coverage for immediate expenses such as EMT expenses, pain medications, and nursing services. They are often used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. PIP is not an option in every state and gives slightly broader coverage than med pay.