Drivers have lots of options when shopping for car insurance for your vehicle. You can either contact an agent or shop online to check prices from many different auto insurance companies. Finding cheaper auto insurance through online rate quotes is easy, plus you can save money.

Consumers who are new to the process of buying insurance may think finding affordable 2002 insurance is going to be difficult. Lowering your can be surprisingly simple. You just need to take a few minutes getting comparison quotes from different insurance companies. It is quite easy and can be accomplished by completing this short form.

Premiums are calculated by...

Car insurance premiums paid to insure a 2002 can fluctuate considerably based upon several criteria. Including but not limited to:

  • The performance level of your 2002
  • Accidents raise premiums
  • Home/auto policy bundles save money
  • How you use your vehicle
  • Young drivers cost more
  • Having a spouse can save money
  • Add-on coverages such as rental reimbursement
  • Your claim history
  • Having current coverage saves
  • Home ownership saves money

An additional factor which can affect is the year of the vehicle. New vehicles have a higher actual cash value than older models so repair costs are higher which may result in higher rates. On the flip side, more recent vehicles may have safety features like adaptive cruise control, autonomous braking, traction control, and forward-collision avoidance which may give discounted rates.

Auto liability

Liability insurance will cover damage or injury you incur to a person or their property that is your fault. Liability can pay for claims like pain and suffering, repair costs for stationary objects, and legal defense fees. Liability insurance is relatively cheap so you should buy as high a limit as you can afford.

Collision insurance

This will pay to fix damage to your from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder. This coverage can be expensive, so consider dropping it from older vehicles. It's also possible to raise the deductible to get cheaper .

Comprehensive auto coverage

This pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage. The most your auto insurance company will pay is the actual cash value, so if the vehicle's value is low it's not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists are uninsured or don't have enough coverage. Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. That's why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses such as EMT expenses, pain medications, and nursing services. They are used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage.