Drivers have lots of options when trying to insure your vehicle. You can either contact an agent or shop online to compare insurance costs of insurance providers. Finding cheaper auto insurance by comparing rates online is easy, plus you can save money.

Consumers who are new to the process of buying insurance may think purchasing cut-rate 2002 insurance is going to be difficult. Finding a lower price on 2002 insurance can be quick and easy. You just have to take a little time getting comparison quotes from different insurance companies. It is quite easy and can be accomplished by getting a quick quote here.

Premiums are calculated by...

Car insurance premiums for your 2002 can vary widely based upon several criteria. Including but not limited to:

• The performance level of your 2002
• Any accidents you may have
• Home/auto policy bundles save money
• Pleasure, commuting or business use can affect rates
• Add-on coverages such as rental reimbursement
• Your claim history
• Having current coverage saves
• Home ownership saves money

An additional factor which can affect is the year of the vehicle. Models that are new have a higher actual cash value than older models so repair costs are higher which can inflate annual premiums. On the flip side, more recent vehicles may have safety features like dual-stage airbags, a rollover prevention system, and lane departure warning system which can help offset higher rates.

Auto liability insurance

Liability insurance will cover damage or injury you incur to other's property or people that is your fault. Liability coverage pays for claims like pain and suffering, repair costs for stationary objects, and legal defense fees. Liability insurance is relatively cheap so you should buy higher limits if possible.

Collision coverage

This will pay to fix damage to your resulting from colliding with a stationary object or other vehicle. 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 older vehicles. Drivers also have the option to raise the deductible to get cheaper .

Comprehensive insurance

Comprehensive insurance coverage covers 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 maximum payout your auto insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle's value it's not worth carrying full coverage.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don't have enough coverage. Since a lot of drivers carry very low liability coverage limits, it doesn't take a major accident to exceed their coverage limits. That's why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses such as EMT expenses, pain medications, and nursing services. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. PIP is only offered in select states and may carry a deductible.