Drivers have lots of options when trying to find low-cost insurance for your vehicle. You can either buy through an agent or get quotes online to compare rates from insurance carriers. Finding cheaper car insurance by getting online quotes saves time, is easy to do, plus you can save money.

Finding the best direct price on car insurance can be difficult if you are a beginner to quoting online. But don't let that discourage you because it's actually quite easy. There are several ways of comparing rates from different insurance companies. The simplest method to compare is to perform an online rate comparison. This can be done by comparing rates here.

Premiums are calculated by the following

Car insurance premiums for a 2002 can be significantly different and are calculated by many factors. Including but not limited to:

• High performance increases premiums
• How many accidents you have had
• Home/auto policy bundles save money
• Use of your vehicle
• Add-on coverages such as rental reimbursement
• Your occupation
• The level of coverage
• Home ownership saves money

An additional factor which can affect is the year of the vehicle. Models that are a few years old have a lower value than newer models so repair costs tend to be lower which may end up costing you less. Conversely, newer vehicles may have safety features such as anti-lock brakes, adaptive cruise control, and autonomous braking that may help lower rates.

Liability

This can cover damage or injury you incur to other people or property that is your fault. Liability coverage protects against claims like pain and suffering, repair costs for stationary objects, and legal defense fees. It is cheap coverage so you should buy as large an amount as possible.

Coverage for collisions

This covers damage to your caused by collision with a stationary object or other vehicle. You first must pay a 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 to bring the cost down.

Comprehensive or Other Than Collision

Comprehensive insurance pays for damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage. The highest amount your car insurance company will pay 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.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle's occupants from other drivers when they either are underinsured or have no liability coverage at all. Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.

Medical costs insurance

Coverage for medical payments and/or PIP kick in for immediate expenses such as EMT expenses, pain medications, and nursing services. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. PIP coverage is not an option in every state and gives slightly broader coverage than med pay.