View 1993 Lexus SC 300 Insurance Quotes

Finding the cheapest insurance for a Lexus SC 300 can turn out to be a lot of work, but you can learn these tips and make it easy. There are more efficient ways to compare insurance rates and we’ll show you the absolute fastest way to price shop coverage for a Lexus and get the lowest possible price from both online companies and local agents.

Finding the best rates is not that difficult. If you have a policy now or are shopping for new coverage, you can use these tips to cut your premiums and possibly find even better coverage. Consumers just need to understand how to buy car insurance on the web.

Finding car insurance

Comparing car insurance rates can be exhausting if you don’t understand the best way to get rate quotes. You can waste a few hours (or days) discussing policy coverages with local insurance agents in your area, or you can utilize online quotes for quick rates.

Many of the larger companies are enrolled in a marketplace that enables customers to only type in their quote data once, and each participating company then returns a price quote based on the submitted data. This system prevents you from having to do quotation requests for every car insurance company.

To compare pricing click here to open in new window.

The only downside to doing it this way is you are unable to specify which carriers to get pricing from. If you wish to select individual companies to receive pricing from, we have a listing of companies who write car insurance in your area. Click to view list.

It’s your choice how you get your quotes, but try to use the exact same information for each quote you get. If you compare mixed coverages it’s impossible to determine the lowest rate for your Lexus SC 300.

Do you qualify for discounts?

Companies offering auto insurance don’t list all their discounts in a way that’s easy to find, so the below list has some of the best known and the harder-to-find discounts that may be available. If you do not check that you are getting every discount you qualify for, it’s possible you qualify for a lower rate.

• Safety Restraint Discount – Drivers who always wear seat belts and also require passengers to wear their seat belts can save a little on the medical payments or PIP coverage costs.
• Waiver for an Accident – Not a discount per se, but some insurance companies will turn a blind eye to one accident before they charge you more for coverage if your claims history is clear for a specific time period.
• Early Renewal Discounts – A few companies offer discounts for switching companies before your current policy expires. You can save around 10% with this discount.
• Club Memberships – Being in a professional or civic organization could earn you a nice discount on your policy.
• ABS and Traction Control Discounts – Cars and trucks that have steering control and anti-lock brakes are safer to drive and therefore earn up to a 10% discount.
• Driver’s Ed – Cut your cost by having your teen driver enroll and complete driver’s education in high school.
• Military Discounts – Being on active duty in the military could trigger a small discount.

A little note about advertised discounts, some credits don’t apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as liability and collision coverage. If you do the math and it seems like you could get a free car insurance policy, you won’t be that lucky.

A few of the larger companies and a partial list of their discounts include:

• State Farm offers discounts for accident-free, multiple policy, student away at school, Drive Safe & Save, driver’s education, defensive driving training, and Steer Clear safe driver discount.
• Geico has savings for driver training, seat belt use, daytime running lights, membership and employees, and good student.
• Liberty Mutual policyholders can earn discounts including new graduate, multi-policy, exclusive group savings, newly retired, and new move discount.
• The Hartford may offer discounts for driver training, good student, anti-theft, air bag, vehicle fuel type, defensive driver, and bundle.
• MetLife may include discounts for good student, multi-policy, accident-free, defensive driver, claim-free, and good driver.
• Progressive may have discounts that include online quote discount, good student, multi-policy, homeowner, and multi-vehicle.

When quoting, ask all the companies how you can save money. A few discounts might not apply everywhere. To see a list of companies with discount rates, follow this link.

You can change your insurance premiums

Many different elements are used in the calculation when you quote your car insurance policy. Some are pretty understandable like your driving record, but some are less obvious such as your credit history or your financial responsibility.One of the most helpful ways to save on auto insurance is to to have a grasp of a few of the rating criteria that aid in calculating your auto insurance rates. When you understand what determines base rates, this allows you to make good choices that can help you get lower rates.

• Why do you need liability? – Your policy’s liability coverage will afford coverage if ever you are found liable for personal injury or accident damage. It will provide legal defense coverage which can cost thousands of dollars. This coverage is very inexpensive compared to other policy coverages, so buy as much as you can afford.
• Pay more of a claim out-of-pocket – Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, is used to repair damage to your vehicle. Examples of some claims that would be covered could be a broken windshield, hail damage, and burglary. Your deductibles state the amount of money you are willing to pay out-of-pocket before a claim is paid by your company. The more money the insured has to pay upfront, the better rate you will receive on SC 300 coverage.
• Cheaper to insure females? – Over the last 30 years, statistics show that men are more aggressive behind the wheel. This data doesn’t prove that males are worse at driving than females. Men and women cause at-fault accidents in similar percentages, but the male of the species have costlier accidents. Men also tend to get higher numbers of serious violations like reckless driving and DUI. Young males cause the most accidents and thus pay the highest rates.
• Older drivers pay less – Teen drivers are known to be inattentive in a vehicle so they pay higher auto insurance rates. Parents adding a young driver to your policy can be very expensive. Older insureds are proven to be safer behind the wheel, file fewer claims and are safer drivers.
• Prevent auto insurance policy lapses – Not having insurance can get you a ticket and your next policy will cost more because you let your insurance expire. Not only will rates go up, getting caught without coverage might get you a revoked license or a big fine. You may need to file a SR-22 with your state DMV.
• Where you reside factors in – Residing in small towns and rural areas has it’s advantages when talking about auto insurance. City drivers have to deal with more aggressive driving styles and longer commute times. Fewer drivers translates into fewer accident claims and a lower car theft rate.
• Tickets hurt – Being a careful driver impacts premiums far more than you think. Good drivers pay lower auto insurance prices than their less careful counterparts. Just one chargable violation can increase the cost of insurance by as much as twenty percent. People who have dangerous citations such as DUI or reckless driving may find they need to maintain a SR-22 with their state’s department of motor vehicles in order to keep their license.
• Marriage can lower prices – Your spouse can actually save you money when shopping for auto insurance. Having a significant other translates into being more financially stable and statistics show drivers who are married are more cautious.

Don’t assume everyone needs the same auto insurance coverage

When buying the right insurance coverage, there really is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that could help you determine if you might need an agent’s assistance.

• What are the best liability limits?
• Do I need rental car coverage?
• How can I force my company to pay a claim?
• Who is covered when they drive my 1993 Lexus SC 300?
• How high should my medical payments coverage be?
• What if I owe more than I can insure my car for?
• What is no-fault insurance?

If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, complete this form. It only takes a few minutes and can provide invaluable advice.

Insurance in the media

Consumers constantly see and hear ads for insurance savings by State Farm, Geico and Progressive. All the ads state the claim that drivers will save a bundle just by moving to them.

That’s great but how can every company lower your premium rates?

Companies provide the lowest rates for the type of driver that will most likely be profitable. For example, a profitable insured might be described as over the age of 50, has no tickets, and drives less than 5,000 miles a year. Any customer that meets those criteria will most likely get cheap prices and most likely will save money with a new company.

Potential insureds who don’t meet these stringent criteria may be required to pay a higher premium which translates to the customer buying from a different company. If you pay attention, the ads say “people that switch” but not “all drivers who get quotes” can save as much as they claim. That’s the way companies can make those statements. This really illustrates why it’s extremely important to do a quote comparison often. It is just not possible to predict which insurance companies will fit your personal profile best.

Car insurance coverages for a Lexus SC 300

Having a good grasp of your auto insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either have no liability insurance or not enough. Covered losses include injuries to you and your family and damage to your Lexus SC 300.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.

Coverage for liability

This can cover damages or injuries you inflict on a person or their property. This coverage protects you against claims from other people, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 100/300/100 which means $100,000 bodily injury coverage, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.

Liability can pay for claims such as court costs, repair costs for stationary objects and repair bills for other people’s vehicles. How much liability should you purchase? That is a personal decision, but buy as much as you can afford.

Comprehensive (Other than Collision)

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as fire damage, hitting a bird, damage from flooding, hail damage and damage from getting keyed. The maximum payout a auto insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision insurance

Collision coverage covers damage to your SC 300 resulting from a collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as driving through your garage door, scraping a guard rail, crashing into a ditch, backing into a parked car and hitting a mailbox. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to bump up the deductible to save money on collision insurance.

Medical expense insurance

Medical payments and Personal Injury Protection insurance kick in for bills for things like ambulance fees, pain medications, dental work and chiropractic care. The coverages can be utilized in addition to your health insurance program or if you do not have health coverage. They cover all vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

The bottom line

Drivers leave their current company for a variety of reasons including not issuing a premium refund, extreme rates for teen drivers, unfair underwriting practices or policy cancellation. Whatever your reason, choosing a new insurance company can be less work than you think.

You just learned some good ideas how to save on 1993 Lexus SC 300 insurance. The key thing to remember is the more you quote auto insurance, the more likely it is that you will get a better rate. Consumers could even find that the biggest savings come from the smaller companies.

When trying to cut insurance costs, don’t be tempted to sacrifice coverage to reduce premiums. There are many occasions where consumers will sacrifice liability limits or collision coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your objective should be to find the BEST coverage at the best price, but don’t skip important coverages to save money.

Much more information about car insurance can be read at the links below

• What if I Can’t Find Coverage? (Insurance Information Insitute)
• Information for Teen Drivers (Geico)
• Credit and Insurance Scores (Insurance Information Insitute)
• What are my Rights when Filing a Claim? (Insurance Information Insitute)