Finding cheaper car insurance through online companies saves time, is easy to do and at the same time you might just save a little. The key to finding lower rates is getting rates from all providers in order to have every possible rate.

Finding the best direct price on car insurance is challenging if you are a beginner to quoting online. But relax because comparing prices is actually very simple. When shopping for car insurance there are multiple ways to compare rate quotes and find the best price. The best way to compare is to perform an online rate comparison. It is quite easy and can be accomplished by comparing rates here.

What factors determine car insurance premiums?

Auto insurance rates paid to insure a 2001 can be significantly different and are calculated by many factors. Taken into consideration are:

• Tickets increase premiums
• Better credit means lower rates
• The size of your community
• Annual mileage can affect rates
• Male drivers pay higher rates
• Deductible amount directly impacts your rate
• Your vehicle's safety rating
• What you do for a living
• Insurance coverage level
• Whether you rent or own your home

A final factor which can affect is the model year. Models that are a few years old have a reduced actual cash value in comparison to older models so the costs to repair may end up costing you less. Although new models may have a trim level with safety features included like a rollover prevention system, a backup camera, a telematics system, and adaptive cruise control that may help lower rates.

Coverage for liability

This provides protection from damages or injuries you inflict on a person or their property that is your fault. Liability coverage protects against things such as emergency aid, pain and suffering, and medical services. It is cheap coverage so consider buying as large an amount as possible.

Collision coverage protection

This pays to fix your vehicle from damage from colliding with an object or car. You first must pay a 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 older. You can also bump up the deductible in order to get cheaper .

Comprehensive coverage (or Other than Collision)

This pays for damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by your comprehensive insurance. The highest amount 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 consider removing comprehensive coverage.

Coverage for uninsured or underinsured drivers

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, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance kick in for expenses (i.e. 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 are not covered by health insurance. PIP coverage is not universally available and gives slightly broader coverage than med pay.