Finding cheaper car insurance through online providers saves time, is easy to do and at the same time you can save money. The key to finding lower rates is to take the time to get as many rate quotes as possible in order to have all possible prices.

Finding the best direct price on car insurance is challenging if you are a beginner to online quotes. But don't let that discourage you because it's actually quite easy. There are several ways of comparing rates and find the best price. The easiest way by far to compare is to perform an online rate comparison. It is quite easy and can be accomplished by comparing rates here.

What factors determine your insurance rates?

Car insurance premiums for a 2002 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
• Your occupation
• Insurance coverage level
• Whether you rent or own your home

An additional factor which can affect is the year of the vehicle. Models that are a few years old have a reduced actual cash value than newer models so repair costs tend to be lower which may end up costing you less. Although newer vehicles may have safety features included like forward-collision avoidance, a telematics system, tire pressure monitors, and autonomous braking which can lower rates.

Liability auto insurance

This can cover damages or injuries you inflict on other people or property that is your fault. Liability coverage pays for things such as emergency aid, pain and suffering, and medical services. It is cheap coverage so you should buy higher limits if possible.

Collision protection

This covers damage to your caused by collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company. 2002 collision insurance is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. You can also raise the deductible in order to get cheaper .

Comprehensive (Other than Collision)

Comprehensive insurance pays for damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage. 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.

Uninsured or underinsured coverage

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

Medical expense insurance

Coverage for medical payments and/or PIP kick in for expenses such as doctor visits, EMT expenses, and X-ray expenses. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. PIP coverage is not an option in every state and gives slightly broader coverage than med pay.