Finding cheaper auto insurance online saves time, is easy to do and there is a good chance you may find lower rates. The key to finding lower rates is to compare rates from as many companies as possible in order to have the lowest priced insurance.

Finding the best direct price on auto insurance can be a challenge if you are a beginner to online rate quotes. Don't let that stop you because we're going to show you how. Getting better is not rocket science. Just take time to compare quotes online from several insurance companies. It is quite easy and can be accomplished by comparing rates here.

Insurance premiums for your 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
• Deductible amount directly impacts your rate
• Safety rating of your 2001
• Whether or not you have claims
• Maintaining coverage lowers rates
• Whether you own your home

One important consideration which can affect your rates is the age of the vehicle. Newer models have a higher actual cash value compared to older models so the costs to repair will push premiums up. But newer models have more advanced features including adaptive headlights, sideview assist mirrors, automatic crash notification, and pedestrian detection so those may lower rates.

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

Collision coverage - This pays for damage to your resulting from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. You can also increase the deductible to save money on collision insurance.

Comprehensive coverage - Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay. The maximum amount you'll receive from a claim is the cash value of the vehicle, so if it's not worth much more than your deductible consider dropping full coverage.

Uninsured/Underinsured Motorist coverage - Your UM/UIM coverage protects you and your vehicle's occupants when the "other guys" do not carry enough liability coverage. 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.

Medical payments coverage and PIP - Med pay and PIP coverage kick in for short-term medical expenses like nursing services, prosthetic devices, and dental work. They are often utilized in addition to your health insurance plan or if there is no health insurance coverage. PIP coverage is not available in all states and gives slightly broader coverage than med pay.