Buying car insurance from online companies is easy and there is a good chance you can save money. The key is to take the time to get rates from all providers in order to have all your choices.

People who are new to shopping for insurance may think purchasing affordable 2001 insurance can be quite difficult. There are several ways to compare quotes from local car insurance companies. The fastest way to compare is to get quotes online. This can be accomplished by comparing rates here.

Car insurance premiums paid to insure a 2001 can vary widely based upon several criteria. Some of these factors include:

• Your driving record
• Credit rating
• Where you live
• Annual mileage can affect rates
• Your gender can raise or lower rates
• Deductible amount directly impacts your rate
• Safety rating of your 2001
• Your occupation
• Your coverage level
• Whether you own your home

An additional factor that helps determine is the year of the vehicle. Older models cost less than newer models so the costs to repair will push premiums down. On the flip side, newer models may have safety features like an advanced theft deterrent system, all-wheel drive, and traction control which can lower rates.

Liability coverage

Liability insurance protects you from damage that occurs to a person or their property in an accident. Liability coverage pays for things like legal defense fees, bail bonds, and repair bills for other people's vehicles. Liability insurance is relatively cheap so you should buy higher limits if possible.

Auto collision coverage

Collision insurance pays for damage to your from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder. This coverage can be expensive, so consider dropping it from older vehicles. You can also raise the deductible to get cheaper .

Comprehensive coverage

This pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage. The maximum payout you'll receive from a claim is the actual cash value, so if it's not worth much more than your deductible consider dropping full coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage protects you and your vehicle's occupants when other motorists do not carry enough liability coverage. 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 payments coverage and PIP

Med pay and PIP coverage provide coverage for short-term medical expenses such as nursing services, prosthetic devices, and dental work. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. PIP is not available in all states and gives slightly broader coverage than med pay.