Finding cheaper auto insurance by comparing rates online can be fast and easy, plus you may find lower rates. The most important part is to compare as many rate quotes as possible in order to accurately compare every option.

If you are a novice to online auto insurance shopping, you may be overwhelmed by the hoards of auto insurance companies selling insurance. Finding a lower price on 2002 insurance can be quick and easy. You just have to take a little time to compare quotes provided by online insurance companies. It is quite easy and can be accomplished by getting a quick quote here.

Premiums are calculated by these factors

Insurance premiums for a 2002 will vary greatly depending on several factors. Including but not limited to:

• A clean driving record keeps rates low
• Your credit history
• The size of your community
• How many miles you drive
• Your gender can raise or lower rates
• The deductible you choose
• Crash test rating for your 2002
• Whether or not you have claims
• No coverage lapses saves money
• Home ownership saves money

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 the cost to replace them will push premiums up. Conversely, newer models have more advanced features such as dual-stage airbags, a rollover prevention system, and lane departure warning system so those may help offset higher rates.

Auto liability insurance

This coverage protects you from damage or injury you incur to other people or property that is your fault. Liability insurance covers claims like pain and suffering, repair costs for stationary objects, and legal defense fees. Coverage is generally pretty cheap so buy as much as you can afford.

Collision coverage

This pays for damage to your caused by collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in. 2002 collision insurance is rather expensive coverage, so you might think about dropping it from lower value vehicles. Drivers also have the option to increase the deductible to bring the cost down.

Comprehensive insurance

Comprehensive insurance covers damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay. The maximum amount your auto insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle's value consider dropping full coverage.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they do not carry enough liability coverage. Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage pay for immediate expenses like EMT expenses, pain medications, and nursing services. They can be used to fill the gap from your health insurance plan or if you do not have health coverage. Personal Injury Protection is not available in all states and may carry a deductible.