Finding cheaper auto insurance from online companies can be fast and easy and at the same time you can save money. The most important part is to compare rates from all companies in order to have the lowest rate quotes.

If you are a novice to online auto insurance shopping, it's easy to be confused by the hoards of companies offering insurance. Lowering your is actually quite simple. You just need to take a few minutes getting comparison quotes provided by online insurance companies. It is quite easy and can be accomplished by comparing rates here.

Which factors influence the rate you pay?

Car insurance premiums on a 2002 will vary greatly depending on several factors. Taken into consideration are:

• A clean driving record keeps rates low
• Your credit history
• Male drivers pay higher rates
• Deductible amount directly impacts your rate
• Your vehicle's safety rating
• Your claim history
• Having continuous coverage saves you money
• Whether you rent or own your home

An additional factor which can affect is the year of the vehicle. Newer models have a higher actual cash value than older models so the cost to replace them will push premiums up. Although new models may have safety features included like active head restraints, adaptive headlights, a backup camera, and tire pressure monitors so those may lower rates.

Liability coverage

This coverage provides protection from damages or injuries you inflict on people or other property that is your fault. Liability insurance covers things such as emergency aid, pain and suffering, and medical services. Coverage is generally pretty cheap so you should buy as much as you can afford.

Collision insurance

This pays to fix your vehicle from damage resulting from a collision with an object or car. You have to pay a deductible then your collision coverage will kick in. Collision coverage for your 2002 can be pricey, so you might think about dropping it from older vehicles. You can also raise the deductible in order to get cheaper .

Comprehensive coverage

This coverage pays for damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if it's not worth much more than your deductible consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle's occupants from other motorists when they either have no liability insurance or not enough. Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance pay for expenses such as doctor visits, EMT expenses, and X-ray expenses. They are often used in conjunction with a health insurance plan or if you are not covered by health insurance. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay.