Buying auto insurance by getting online quotes saves time, is easy to do and at the same time you will probably save money. The key to finding lower rates is to take the time to get rates from all providers in order to have the lowest prices.

Shopping online for auto insurance is challenging if you are a beginner to online quotes. But relax because there is an easy way to compare rates. Cutting your can be relatively painless. Drivers just need to take a couple of minutes comparing rates online from several insurance companies. This can be accomplished by comparing rates here.

What factors determine your insurance rates?

Insurance rates paid to insure a 2001 can vary widely and are calculated by many factors. Taken into consideration are:

• Tickets increase premiums
• Credit rating
• Male rates may be higher
• Deductible amount directly impacts your rate
• Your vehicle's safety rating
• No claims lowers premiums
• Having current coverage saves
• Whether you rent or own your home

One last important factor that helps determine the rate you pay on your is the year of manufacture. Newer models cost more so the costs to repair can inflate annual premiums. On the flip side, newer vehicles may have options like a telematics system, all-wheel drive, and adaptive headlights which can lower rates.

Liability - This can cover damages or injuries you inflict on a person or their property in an accident. Liability coverage pays for things such as emergency aid, pain and suffering, and medical services. It is cheap coverage so purchase higher limits if possible.

Collision - Collision insurance covers damage to your from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also choose a higher deductible to get cheaper .

Comprehensive or Other Than Collision - This pays for damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if it's not worth much more than your deductible it's probably time to drop comprehensive insurance.

UM/UIM Coverage - This protects you and your vehicle's occupants when other motorists either are underinsured or have no liability coverage at all. Since many drivers only carry the minimum required liability limits, it doesn't take a major accident to exceed their coverage limits. That's why carrying high Uninsured/Underinsured Motorist coverage is very important.

Medical costs insurance - Coverage for medical payments and/or PIP kick in for expenses for things like doctor visits, EMT expenses, and X-ray expenses. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. PIP coverage is not an option in every state and gives slightly broader coverage than med pay.