Shopping for auto insurance from online companies can be fast and easy and at the same time you may find lower rates. The most important part is to compare as many rate quotes as possible in order to have the lowest prices.

If shopping for auto insurance online is new to you, it's easy to be confused by the hoards of auto insurance companies selling insurance. Cutting your is actually quite simple. Drivers just need to take a couple of minutes to compare quotes provided by online insurance companies. This is very easy and can be done by comparing rates here.

Which factors influence the rate you pay?

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

• A clean driving record keeps rates low
• Your credit history
• Men typically pay more than women
• Deductible amount directly impacts your rate
• Your vehicle's safety rating
• Whether or not you have claims
• No coverage lapses saves money
• Whether you rent or own your home

One important consideration that will help determine your rates is the age of the vehicle. Newer models have a higher replacement value compared to older models so the cost to replace them will push premiums up. Conversely, more recent vehicles have more advanced features such as anti-lock brakes, pedestrian detection, active head restraints, and an advanced theft deterrent system so those may lower rates.

Liability coverage - This coverage will cover damages or injuries you inflict on other people or property by causing an accident. Liability insurance covers things such as emergency aid, pain and suffering, and medical services. Coverage is generally pretty cheap so buy as much as you can afford.

Collision - Collision coverage will pay to fix damage to your caused by collision with an object or car. You have to pay a deductible then your collision coverage will kick in. 2002 collision insurance is rather expensive coverage, so you might think about dropping it from lower value vehicles. You can also increase the deductible to bring the cost down.

Comprehensive coverage - Comprehensive insurance pays for damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay. 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 it's not worth carrying full coverage.

UM/UIM Coverage - This protects you and your vehicle's occupants from other drivers when they are uninsured or don't have enough coverage. Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Medical payments coverage and PIP - Personal Injury Protection (PIP) and medical payments coverage pay for expenses like doctor visits, EMT expenses, and X-ray expenses. They are often used to fill the gap from your health insurance plan or if you do not have health coverage. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay.