Trying to find lower insurance rates for your Lexus LS 400? Pretty sure you bought an expensive insurance policy? You’re preaching to the choir because there are a lot of people just like you who feel imprisoned by their insurance policy.
Insurance companies such as Geico, Farmers Insurance and State Farm all promote huge savings with TV and radio ads and it is difficult to separate fact from fiction and take the time to shop coverage around.
It’s a good habit to check insurance prices once or twice a year since insurance prices are constantly changing. Despite the fact that you may have had the lowest price on LS 400 insurance at your last renewal a different company probably has better rate quotes today. There are lots of tips to save on insurance online, but in just a couple of minutes you can learn some tested techniques to lower your insurance premiums.
If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using these tips. Finding affordable coverage is not rocket science. Although drivers can benefit by having an understanding of the methods companies use to sell online and use this information to your advantage.
Some insurance providers don’t list the complete list of policy discounts very clearly, so we researched some of the more common as well as some of the hidden discounts you could be receiving when you buy insurance online. If you do not double check each discount available, you could be saving more on your insurance coverage.
We need to note that most discount credits are not given to the overall cost of the policy. Most only reduce the price of certain insurance coverages like collision or personal injury protection. So even though you would think having all the discounts means you get insurance for free, it’s just not the way it works.
Larger insurance coverage companies and their offered discounts include:
If you need lower rates, check with each insurance company what discounts are available to you. Some of the discounts discussed earlier may not apply in your area. To see insurers with significant discounts, click this link.
When choosing proper insurance coverage, there really is no “perfect” insurance plan. Each situation is unique so your insurance should reflect that For instance, these questions might point out whether or not you might need an agent’s assistance.
If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area.
Understanding the coverages of a insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Listed below are the usual coverages found on the average insurance policy.
Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers claims like a tree branch falling on your vehicle, damage from flooding and damage from a tornado or hurricane. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
This provides protection from injuries or damage you cause to other’s property or people by causing an accident. This insurance protects YOU from claims by other people, and doesn’t cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 50/100/50 which stand for $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see one number which is a combined single limit which provides one coverage limit without having the split limit caps.
Liability coverage protects against things like funeral expenses, bail bonds, medical services, emergency aid and court costs. How much liability coverage do you need? That is your choice, but buy as large an amount as possible.
Collision insurance pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.
Collision insurance covers claims like crashing into a ditch, colliding with a tree and hitting a parking meter. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. You can also raise the deductible in order to get cheaper collision rates.
Medical payments and Personal Injury Protection insurance provide coverage for expenses for things like funeral costs, hospital visits, X-ray expenses, rehabilitation expenses and prosthetic devices. The coverages can be used in conjunction with a health insurance program or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage
Your UM/UIM coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Frequently these limits do not exceed the liability coverage limits.
As you shop your coverage around, don’t be tempted to buy lower coverage limits just to save a few bucks. In many cases, an insured dropped physical damage coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your objective should be to get the best coverage possible at the best price, but don’t skip important coverages to save money.
Some insurance companies may not provide the ability to get a quote online regional carriers prefer to sell through independent agencies. Budget-friendly insurance can be purchased on the web and also from your neighborhood agents, so you need to compare both in order to have the best price selection to choose from.
Additional information is located below:
Deann Ashley
I switched to 21st Century. Quoted good rates in Gaithersburg, Maryland. Not sure if rates are cheaper online or not. My Lexus doesn’t have full coverage.
Mao Maynard
Here’s my quote info. I’m just north of Tucson, AZ. I quoted with Hanover, AIG Insurance, Safeco, and a couple others for my 1996 Lexus LS 400 and I think I saved about $30 each month. Insured with State Farm before. BTW speeding tickets are not good.
Sonny Aguirre
Will 21st Century raise rates after an accident?
Dion Miranda
Thought I’d throw in my experience. I’m in the south part of Newark, NJ. Quoted with Amica, MetLife, and a few others for my 1996 Lexus LS 400 and saved just over $100 a year. Just go online and compare their rates. Just liability coverage since it’s getting old.
Laurinda Payne
If you’re from Norfolk, Virginia get quotes from State Farm and Progressive and you might save.
Eleanore Rojas
Cheap car insurance? What’s that? I live north of Cranston, RI. Not sure of all the companies but I ended up saving about $20 each month. I get a discount for insuring multiple vehicles. I got prices on the web. Next renewal I’ll just do liability.
Marlin Mathis
Will Progressive cancel me if I have an accident?
Tracee Burch
Is GEICO or State Farm cheaper in Reno, Nevada?
Shawn Maynard
Does Oklahoma require a SR-22 after a DUI?
Alena Wolfe
I’m in North Charleston, SC, and GEICO rates were affordable. Left USAA to switch. I have several vehicles insured with them. Not sure if rates are cheaper online or not.
Desirae Fletcher
Cheaper car insurance is a myth. From San Diego, CA. Got rates from 21st Century, Farmers, and Hanover for my Lexus and saved just over $110 a year. Left Allstate to switch. LOL I dropped full coverage awhile back.