Cheaper 1994 Lexus LS 400 Insurance Rates

Trying to find cheaper insurance rates for your Lexus LS 400? If you’re new to shopping for insurance coverage quotes online, it’s easy to be overwhelmed because of the huge number of companies all promising to save you money.

If you are paying for car insurance now, you should be able to cut costs considerably using this strategy. The purpose of this post is to help educate you on how to get online quotes. Nevertheless, consumers benefit from understanding the way companies sell online because it can help you find the best coverage.

Take policy discounts and save

Car insurance companies do not list their entire list of discounts very clearly, so the below list has a few of the more well known and also the more inconspicuous discounts that you may qualify for.

  • Own a Home – Simply owning a home may trigger a policy discount on insurance because maintaining a house is proof of financial responsibility.
  • Sign Early and Save – A few insurance companies offer discounts for buying a new policy early. It can save you around 10%.
  • Professional Memberships – Belonging to qualifying clubs or civic groups could trigger savings on your bill.
  • Savings for New Vehicles – Buying insurance coverage on a new vehicle can cost up to 25% less because new vehicles have to meet stringent safety requirements.
  • No Claims – Insureds who avoid accidents and claims are rewarded with significantly better rates on insurance coverage quote in comparison to insureds who have frequent claims or accidents.

A little note about advertised discounts, some credits don’t apply the the whole policy. Most cut the cost of specific coverages such as physical damage coverage or medical payments. So even though it sounds like you could get a free insurance policy, you aren’t that lucky.

Larger insurance companies and a summarized list of policyholder discounts are included below.

  • State Farm may have discounts that include safe vehicle, anti-theft, Steer Clear safe driver discount, defensive driving training, good driver, and multiple autos.
  • Liberty Mutual offers discounts including safety features, newly retired, multi-policy, new move discount, exclusive group savings, hybrid vehicle, and teen driver discount.
  • American Family policyholders can earn discounts including defensive driver, good driver, early bird, TimeAway discount, good student, mySafetyValet, and multi-vehicle.
  • Progressive offers premium reductions for multi-policy, homeowner, continuous coverage, online quote discount, and online signing.
  • Farmers Insurance has savings for switch companies, mature driver, homeowner, distant student, good student, and business and professional.
  • Auto-Owners Insurance discounts include mature driver, anti-theft, teen driver, paid in full, paperless, safe vehicle, and safe driver.
  • SAFECO has discounts for accident prevention training, homeowner, bundle discounts, safe driver, anti-theft, and anti-lock brakes.

It’s a good idea to ask all the companies which discounts you qualify for. Some credits might not be offered in your area. To choose insurance companies who offer discounts, click this link.

Which policy gives me the best coverage?

When it comes to choosing coverage, there really is not a single plan that fits everyone. Every insured’s situation is different.

For instance, these questions may help highlight whether or not you might need an agent’s assistance.

  • I have health insurance so do I need medical payments coverage?
  • What companies insure drivers after a DUI or DWI?
  • Why am I required to get a high-risk car insurance policy?
  • When would I need additional glass coverage?
  • What is no-fault insurance?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • How can I get my company to pay me more for my totalled car?
  • Am I better off with higher deductibles on my 1994 Lexus LS 400?

If it’s difficult to answer those questions but you know they apply to you, you might consider talking to an agent. To find lower rates from a local agent, fill out this quick form.

Are you falling for claims of savings?

Companies like State Farm, Geico and Progressive continually stream television, radio, and online ads. They all advertise claims that you can save just by moving your coverage. But how can every company charge you a lower premium? Here is the trick they use.

All the different companies have strict underwriting profiles for the type of customer that earns them the most money. An example of this type of risk profile should be between the ages of 30 and 50, has never had a policy lapse, and drives less than 7,500 miles a year. Any new insured who matches those parameters will get very good car insurance rates and is almost guaranteed to save when they switch companies.

Drivers who fall outside those standards will see a higher premium which translates to business going elsewhere. The ad wording is “drivers that switch” not “all people who quote” save the amount stated. That’s why companies can truthfully make claims that they all have the best car insurance rates.

Each company has different criteria, so drivers should get insurance coverage quotes from several different companies. Because you never know which company will give you the biggest savings.

Specifics of your insurance policy

Learning about specific coverages of a insurance policy can be of help when determining the best coverages for your vehicles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP kick in for expenses for things like dental work, pain medications, hospital visits, doctor visits and surgery. The coverages can be utilized in addition to your health insurance plan or if there is no health insurance coverage. It covers both the driver and occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Liability car insurance

This will cover injuries or damage you cause to people or other property in an accident. It protects YOU against claims from other people, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 50/100/50 that translate to a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage protects against things such as court costs, repair bills for other people’s vehicles, loss of income and bail bonds. How much liability should you purchase? That is a decision to put some thought into, but consider buying higher limits if possible.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and damage to your Lexus LS 400.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family. Normally these coverages are similar to your liability insurance amounts.

Comprehensive coverage

Comprehensive insurance coverage covers damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims like damage from a tornado or hurricane, damage from flooding, fire damage, hitting a bird and vandalism. The highest amount your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision insurance

Collision insurance pays for damage to your LS 400 caused by collision with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for things such as damaging your car on a curb, backing into a parked car and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. You can also increase the deductible to save money on collision insurance.

Shop. Compare. Save.

When trying to cut insurance costs, don’t be tempted to skimp on critical coverages to save a buck or two. In too many instances, an insured dropped physical damage coverage and discovered at claim time that they should have had better coverage. Your goal should be to buy enough coverage for the lowest price, not the least amount of coverage.

We’ve covered a lot of techniques to lower your 1994 Lexus LS 400 insurance rates. It’s most important to understand that the more you quote insurance coverage, the higher the chance of saving money. Consumers may even find the lowest priced auto insurance comes from the smaller companies.

People leave their current company for a number of reasons such as questionable increases in premium, extreme rates for teen drivers, high rates after DUI convictions and poor customer service. It doesn’t matter what your reason, switching companies is not as hard as you think.

More tips and info about auto insurance is located by following these links:

Comments About 1994 Lexus LS 400 Insurance

  1. Enda Macias

    Will Allstate raise rates after an accident?

  2. Carroll Short

    If you don’t have tickets and live in the vicinity of Minneapolis, Minnesota, check out State Farm. They seem to be cheaper. Left USAA to switch. I even had a DUI years ago. I got prices on the web. Next renewal I’ll just do liability.

  3. Zenia Ellison

    Will State Farm raise rates for a rock chip claim?

  4. Horacio Spears

    If you have a good history and live in the vicinity of Missoula, MT, check out State Farm. I saved quite a bit. Was with GMAC.

  5. Carli Contreras

    If you have a good history and live near Tampa, FL, check out GEICO. I saved quite a bit. Was with Safeco. I increased coverages a little too. I got a quote from their website. I don’t put full coverage on it.

  6. Joaquina Graham

    I’m in the west part of Grand Forks, North Dakota. Received rates from Allstate, Auto-Owners, Esurance, and Liberty Mutual for my 1994 Lexus LS 400 and I’m now saving $13 a month. I have a teen driver too. God forbid I actually have a claim. When should I drop full coverage?

  7. Jodi Roth

    All companies are crooks. I live on the west side of Aberdeen, SD. Quoted quotes from Auto-Owners, Sentry, and Travelers for my Lexus and saved $75 a year. I get multi-vehicle and multi-policy discounts. Just go online and compare their rates.

  8. Manuela Thomas

    I live on the east side of Missoula, Montana. I got free rates from Progressive, Amica, and some I forget for my 1994 Lexus LS 400 and saved just over $60 a year. Still almost need a second mortgage. Not worth enough to pay for comprehensive and collision.

  9. Tegan Vinson

    I got quite a few price quotes for a 1994 Lexus LS 400 in Providence, RI. Ended up at darn near $90 every six months with American Family. Left AAA to switch. I just quoted rates online. It’s too old for full coverage.

  10. Dione Cantrell

    I think I’m paying too much. I live just to the south of San Antonio, TX. Got car insurance quotes with GEICO, American Family, and Esurance for my 1994 Lexus LS 400 and I’m now saving $10 a month. Was with Amica. Teenage drivers are expensive! Not sure about claim service.