Finding cheaper auto insurance through online companies is easy and at the same time you might just save a little. The key is to compare rates from all providers in order to have the cheapest rate quotes.

Consumers who are new to the process of comparison shopping may think buying affordable 2002 insurance is difficult. Finding lower is not a difficult process. You just have to spend a little time to get quotes from different insurance companies. It is quite easy and can be accomplished by comparing rates here.

What factors impact the rate you pay?

Auto insurance rates paid to insure a 2002 will vary greatly based upon several criteria. Taken into consideration are:

• Your driving record
• Your credit history
• Male drivers pay higher rates
• Deductible amount directly impacts your rate
• Your vehicle's safety rating
• Claims drive up premiums
• Maintaining coverage lowers rates
• Whether you rent or own your home

A final factor which can affect is the model year. Newer models have a higher actual cash value in comparison to later models so repair costs are higher which will push premiums up. But new models may have a trim level with safety features including adaptive cruise control, pedestrian detection, and lane departure warning system so those may lower rates.

Coverage for liability - Liability insurance provides protection from damages or injuries you inflict on a person or their property that is your fault. Liability insurance covers things such as emergency aid, pain and suffering, and medical services. Liability insurance is relatively cheap so consider buying as much as you can afford.

Collision coverage - This pays to fix your vehicle from damage from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder. This coverage can be expensive, so consider dropping it from vehicles that are older. You can also bump up the deductible to save money on collision insurance.

Comprehensive coverage (or Other than Collision) - This pays for damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by your comprehensive insurance. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if it's not worth much more than your deductible consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage - This protects you and your vehicle's occupants when the "other guys" either have no liability insurance or not enough. Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Insurance for medical payments - Medical payments and Personal Injury Protection insurance provide coverage 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 plan or if there is no health insurance coverage. PIP is not universally available and gives slightly broader coverage than med pay.