You have lots of choices when finding cheaper insurance coverage on your vehicle. You can buy direct from your neighborhood insurance agent or go online to compare pricing from multiple companies. Shopping for auto insurance online can be fast and easy and at the same time you will probably save money.

If shopping for auto insurance online is new to you, it's easy to be confused by the hoards of auto insurance companies competing for your business. Finding cheaper coverage prices is not rocket science. All you need to do is take the time comparing rates provided by online insurance companies. This is very easy and can be done by visiting this page.

Which factors influence your insurance rates?

Insurance rates for a 2002 can vary widely depending on several factors. Taken into consideration are:

  • Higher performance 2002 vehicles cost more
  • Any accidents you may have
  • Whether you insure your home with the same company
  • Use of your vehicle
  • Special coverage such as replacement cost
  • No claims lowers premiums
  • No coverage lapses saves money
  • Whether you rent or own your home

One last important factor that will help determine the rate you pay on your is the year of manufacture. A newer vehicle have a higher replacement value so the cost to replace them can inflate annual premiums. Conversely, new models may have options such as forward-collision avoidance, sideview assist mirrors, and all-wheel drive which can provide discounts that lower premiums.

Liability coverage

This coverage provides protection from damages or injuries you inflict on other people or property by causing an accident. Liability coverage pays for things such as emergency aid, pain and suffering, and medical services. Coverage is generally pretty cheap so purchase higher limits if possible.

Collision protection

Collision coverage pays to fix your vehicle from damage caused by collision with an object or car. You will need to pay your deductible then your collision coverage will kick in. 2002 collision insurance is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to bring the cost down.

Comprehensive coverage

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured or underinsured coverage

This gives you protection from other drivers when they either have no liability insurance or not enough. Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn't take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance pay for expenses for things like doctor visits, EMT expenses, and X-ray expenses. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. Personal Injury Protection is not universally available but can be used in place of medical payments coverage.