The season started on 13 October 2001 and ended on 14 April 2002.

KR won its 13th title by defeating ÍS 3–2 in the Finals.

[1][2] The participating teams first played a conventional round-robin schedule with every team playing each opponent twice "home" and twice "away" for a total of 20 games.

The top four teams qualified for the championship playoffs while none were relegated to Division I due to vacant berths.

Source: 2002 Úrvalsdeild kvenna playoffs All official awards of the 2001–02 season.