Finding cheaper auto insurance from online rate quotes saves time, is easy to do and there is a good chance you will probably save money. The key to finding lower rates is to take the time to get rates from all providers in order to have all your choices.

Finding the best direct price on auto insurance can be a challenge if you are a beginner to online quotes. But relax because there is an easy way to compare rates. Getting cheaper insurance rates doesn't have to be difficult. The only requirement is to invest a few minutes comparing rates online from several insurance companies. It is quite easy and can be accomplished by comparing rates here.

Insurance rates paid to insure a 2002 can vary widely and are calculated by many factors. Some of these factors include:

• Tickets increase premiums
• Credit rating
• The size of your community
• Annual mileage can affect rates
• Men typically pay more than women
• Deductible amount directly impacts your rate
• Safety rating of your 2002
• No claims lowers premiums
• No coverage lapses saves money
• Whether you own your home

One last important factor which can affect the rate you pay on your is the year of manufacture. Newer models have a higher actual cash value so the costs to repair can inflate annual premiums. Conversely, more recent vehicles may have options such as forward-collision avoidance, adaptive cruise control, and lane departure warning system which can lower rates.

Liability insurance

This will cover damage that occurs to a person or their property that is your fault. Liability coverage pays for things like legal defense fees, bail bonds, and repair bills for other people's vehicles. It is cheap coverage so purchase higher limits if possible.

Auto collision coverage

This will pay to fix damage to your from colliding with another car or object. You will need to pay your 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 vehicles that are 8 years or older. You can also choose a higher deductible to bring the cost down.

Comprehensive protection

This pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage. The maximum payout you'll receive from a claim is the cash value of the vehicle, so if it's not worth much more than your deductible it's not worth carrying full coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage protects you and your vehicle's occupants from other drivers when they are uninsured or don't have enough coverage. Since a lot of drivers only carry the minimum required liability limits, it doesn't take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for things like nursing services, prosthetic devices, and dental work. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. PIP coverage is only offered in select states and gives slightly broader coverage than med pay.