Buying car insurance from online companies saves time, is easy to do and there is a good chance you can save money. The key to finding lower rates is to compare rates from all providers so you can compare the lowest rate quotes.

Shopping online for car insurance can be a challenge if you are a beginner to online rate quotes. But relax because it's actually quite easy. There are several ways to compare quotes and find the best price. By far the easiest way to find the lowest is to get quotes online. This can be accomplished by visiting this page.

Car insurance premiums paid to insure a 2001 will vary greatly and are calculated by many factors. Some of these factors include:

• Tickets increase premiums
• Your credit history
• Your gender can raise or lower rates
• Higher deductibles save money
• Safety rating of your 2001
• Your occupation
• Insurance 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 may end up costing you less. Although newer models may have safety features included like active head restraints, adaptive headlights, a backup camera, and tire pressure monitors so those may provide discounts that lower premiums.

Liability coverage

This protects you from damage that occurs to a person or their property in an accident. Liability insurance covers things like legal defense fees, bail bonds, and repair bills for other people's vehicles. It is cheap coverage so you should buy as much as you can afford.

Collision insurance

Collision insurance pays for damage to your from colliding with another car or object. You have to 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 older vehicles. Another option is to raise the deductible in order to get cheaper .

Comprehensive coverage

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

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection from other motorists when they do not carry enough liability coverage. Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important.

Medical payments coverage and PIP

Med pay and PIP coverage kick in for short-term medical expenses such as nursing services, prosthetic devices, and dental work. The coverages can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. PIP coverage is not available in all states but can be used in place of medical payments coverage.