You have many choices when insurance shopping for your vehicle. You can either buy through a local agent or shop online to compare rates from multiple companies. Comparing auto insurance online is easy, in addition you might just save a little.

Beginners to comparing rates may think purchasing cut-rate 2002 insurance is very challenging. Cutting your is not rocket science. Drivers just need to take a couple of minutes to get quotes from different insurance companies. This can be done by comparing rates here.

Criteria which help determine your insurance rates

Auto insurance rates for your 2002 can vary widely based upon several criteria. A few of these criteria are:

• The performance level of your 2002
• Any accidents you may have
• Home and auto can earn discounts
• Pleasure, commuting or business use can affect rates
• Optional coverages like vehicle replacement
• Claims drive up premiums
• No coverage lapses saves money
• Owning a home can lower rates

A final factor that can impact is the model year. Newer models have a higher value in comparison to later models so repair costs are higher which can inflate annual premiums. Conversely, newer models may have a trim level with safety features such as a collision avoidance system, a telematics system, dual-stage airbags, and pedestrian detection which can lower rates.

Liability coverage - Liability insurance protects you from injuries or damage you cause to other's property or people. Liability coverage pays for claims such as funeral expenses, loss of income, and emergency aid. Liability insurance is relatively cheap so consider buying higher limits if possible.

Collision - This coverage pays for damage to your resulting from colliding with another vehicle or an object, but not an animal. 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 vehicles that are older. You can also bump up the deductible to bring the cost down.

Comprehensive coverage - Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by your comprehensive insurance. The maximum payout a auto insurance company will pay at claim time is the actual cash value, so if it's not worth much more than your deductible consider dropping full coverage.

UM/UIM Coverage - This coverage protects you and your vehicle's occupants from other drivers when they do not carry enough liability coverage. Because many people only carry the minimum required liability limits, it doesn't take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Medical payments coverage and PIP - Med pay and PIP coverage provide coverage for bills (i.e. ambulance fees, surgery, and doctor visits). They are often utilized in addition to your health insurance policy or if you do not have health coverage. PIP is not available in all states and gives slightly broader coverage than med pay.