Comparing car insurance by comparing rates online is easy and at the same time you might just save a little. The key is to compare rates from as many companies as possible in order to accurately compare every company's rates.

Beginners to comparison shopping may think buying cut-rate 2001 insurance is going to be difficult. When shopping for car insurance there are multiple ways to get quotes from different insurance companies. The simplest method to find the cheapest involves getting comparison quotes online. It is quite easy and can be accomplished by getting a quick quote here.

What factors impact the rate you pay?

Auto insurance rates for your 2001 will vary greatly based upon several criteria. Taken into consideration are:

• Your driving record
• Your credit history
• Your location impacts rates
• High miles vs. low miles
• Men typically pay more than women
• The deductible you choose
• Your vehicle's safety rating
• What you do for a living
• The level of coverage
• Whether you rent or own your home

A final factor that can impact is the model year. Used vehicles have a reduced actual cash value in comparison to older models so the payout to repair will push premiums down. Conversely, more recent vehicles may have a trim level with safety features such as blind-spot warning system, a telematics system, forward-collision avoidance, and a rollover prevention system so those may help offset higher rates.

Auto liability insurance

Liability insurance will cover damages or injuries you inflict on other's property or people. Liability insurance covers things such as emergency aid, pain and suffering, and medical services. Liability insurance is relatively cheap so consider buying as much as you can afford.

Coverage for collisions

This coverage will pay to fix damage to your resulting from colliding with an object or car. You have to pay a 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. Drivers also have the option to bump up the deductible to bring the cost down.

Comprehensive insurance

Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by your comprehensive insurance. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle's value it's not worth carrying full coverage.

Protection from uninsured/underinsured drivers

This provides protection from other drivers when they are uninsured or don't have enough coverage. Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses (i.e. doctor visits, EMT expenses, and X-ray expenses). They can be utilized in addition to your health insurance plan or if you do not have health coverage. PIP is only offered in select states and may carry a deductible.