You have lots of choices when finding cheaper insurance coverage on your vehicle. You can get prices from your neighborhood insurance agent or go online to compare insurance costs of car insurance companies. Finding cheaper auto insurance from online rate quotes can be fast and easy and at the same time you will probably save money.

If you are a novice to online auto insurance shopping, it's easy to be confused by the hoards of companies competing for your business. Finding cheaper coverage prices doesn't have to be difficult. All you need to do is take the time comparing rates provided by online insurance companies. It is quite easy and can be accomplished by getting a quick quote here.

Which factors influence your insurance rates?

Insurance rates on a 2002 can vary widely depending on several factors. Taken into consideration are:

• Higher performance 2002 vehicles cost more
• Any accidents you may have
• Home/auto policy bundles save money
• Pleasure use vs. commuting use
• Special coverage such as replacement cost
• No claims lowers premiums
• No coverage lapses saves money
• Whether you rent or own your home

One last important factor which can affect the rate you pay on your is the year of manufacture. Models that are new have a higher actual cash value so the cost to replace them can inflate annual premiums. Conversely, newer vehicles may have options such as active head restraints, an advanced theft deterrent system, dual-stage airbags, and sideview assist mirrors which can help offset higher rates.

Liability insurance

This coverage can cover damages or injuries you inflict on people or other property that is your fault. Liability coverage pays for things such as emergency aid, pain and suffering, and medical services. Coverage is generally pretty cheap so purchase higher limits if possible.

Collision protection

This covers damage to your resulting from a collision with an object or car. You will need to pay your deductible then your collision coverage will kick in. Collision coverage for your 2002 can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to bring the cost down.

Comprehensive protection

This coverage covers damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle's value it's probably time to drop comprehensive insurance.

Uninsured or underinsured coverage

This provides protection from other drivers when they either are underinsured or have no liability coverage at all. Since a lot of drivers carry very low liability coverage limits, it doesn't take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.

Medical expense coverage

Coverage for medical payments and/or PIP pay for expenses for things like doctor visits, EMT expenses, and X-ray expenses. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Personal Injury Protection is not an option in every state and may carry a deductible.