Save on 1997 Lexus LS 400 Insurance Quotes

Looking for cheaper insurance coverage rates for your Lexus LS 400? If you are new to online price comparisons, there’s a good chance you are confused of online companies all offering big savings.

Why your insurance prices might be higher

Many things are used in the calculation when you quote your car insurance policy. Some of the criteria are obvious like an MVR report, but other criteria are more transparent like your vehicle usage or how safe your car is.

The following are some of the things that factor into your rates.

• Does your occupation raise your premiums? – Jobs like fire fighters, business owners and financial analysts tend to have higher average rates attributed to job stress and long work hours. Other professions such as professors, athletes and the unemployed have lower than average premiums on LS 400 insurance.
• Do safer cars cost less to insure? – Safer cars can get you lower premiums. These vehicles reduce the chance of injuries and any reduction in injury severity means your insurance company pays less and thus lower rates. If your Lexus LS 400 scored at minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may pay a lower rate.
• Save money by having multiple policies – Most larger insurance companies will award discounts to clients who buy several policies from them such as combining an auto and homeowners policy. Discounts can be anywhere from five to ten percent in most cases. Even if you already get this discount, drivers will still want to shop around to help guarantee you have the best rates. Consumers may save money by insuring with multiple companies.
• Where you call home plays a part – Living in a small town is a good thing when insuring your vehicles. Less people living in that area corresponds to lower accident rates and a lower car theft rate. City drivers have to deal with more traffic problems and much longer commute distances. More time behind the wheel can result in more accidents.

Insurance coverage policy discounts you can’t miss

Some providers don’t always list their entire list of discounts in a way that’s easy to find, so we researched both the well known and also the lesser-known discounts that you may qualify for.

• Claim Free – Drivers with accident-free driving histories pay much less as compared to accident-prone drivers.
• One Accident Forgiven – This isn’t a discount exactly, but some insurance companies will forgive one accident without getting socked with a rate hike so long as you haven’t had any claims for a particular time prior to the accident.
• Anti-lock Brake Discount – Cars with ABS and/or traction control are safer to drive so you can save 10 percent or more.
• Pay Upfront and Save – By paying your policy upfront rather than spreading payments over time you could save 5% or more.
• Policy Bundle Discount – If you can bundle your home and auto insurance and place coverage with the same company you could earn a discount of as much as 10 to 15 percent.
• Federal Government Employee – Having worked for a branch of the government can save as much as 8% on LS 400 insurance depending on your company.
• Clubs and Organizations – Being a member of a qualifying organization may earn a discount on your bill.
• Driver’s Education for Students – It’s a good idea to have your young drivers enroll and complete driver’s education in school.
• Telematics Devices – Drivers who agree to allow companies to look at vehicle usage by using a small device installed in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system might see lower rates if they are good drivers.
• New Vehicle Savings – Putting coverage on a new car may earn a small discount because newer models keep occupants safer.

One last thing about discounts, most of the big mark downs will not be given to your bottom line cost. Most cut the price of certain insurance coverages like liability and collision coverage. Despite the fact that it seems like having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy.

A list of companies and some of their more popular discounts are outlined below.

• Geico has savings for military active duty, anti-theft, multi-vehicle, multi-policy, five-year accident-free, and membership and employees.
• SAFECO has discounts for teen safety rewards, drive less, accident prevention training, multi-car, and teen safe driver.
• State Farm may include discounts for good student, anti-theft, multiple autos, safe vehicle, and multiple policy.
• MetLife discounts include good driver, multi-policy, accident-free, good student, claim-free, and defensive driver.
• 21st Century includes discounts for student driver, homeowners, early bird, 55 and older, teen driver, anti-lock brakes, and good student.
• Progressive offers discounts for homeowner, online signing, multi-vehicle, online quote discount, multi-policy, continuous coverage, and good student.

If you want affordable insurance coverage quotes, ask every insurance company which discounts you may be entitled to. Discounts may not apply in every state. To see a list of companies who offer free insurance coverage quotes, follow this link.

Insurance agents can help

When buying proper insurance coverage, there really is not a “best” method to buy coverage. Every situation is different.

Here are some questions about coverages that may help highlight whether your personal situation will benefit from professional help.

• Why does it cost so much to insure a teen driver?
• Should I put collision coverage on all my vehicles?
• Am I covered when driving someone else’s vehicle?
• How does medical payments coverage work?
• Is my dog or cat covered if injured in an accident?
• Do I have coverage when pulling a U-Haul trailer?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to an insurance agent. To find lower rates from a local agent, complete this form.

Specifics of your insurance policy

Having a good grasp of insurance helps when choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording.

Coverage for liability – This coverage can cover damage that occurs to people or other property. It protects YOU from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability can pay for things like medical expenses, bail bonds, funeral expenses, repair costs for stationary objects and court costs. How much coverage you buy is up to you, but you should buy as much as you can afford.

Comprehensive (Other than Collision) – Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as fire damage, hitting a bird, hitting a deer, damage from getting keyed and falling objects. The maximum amount your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally the UM/UIM limits are similar to your liability insurance amounts.

Collision coverages – This covers damage to your LS 400 caused by collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as crashing into a building, sustaining damage from a pot hole, scraping a guard rail and hitting a parking meter. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Medical expense insurance – Coverage for medical payments and/or PIP kick in for short-term medical expenses like X-ray expenses, pain medications and nursing services. They can be used in conjunction with a health insurance program or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and also covers any family member struck as a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Smart consumers save more

Insureds change insurance companies for a number of reasons such as lack of trust in their agent, denial of a claim, extreme rates for teen drivers or poor customer service. Regardless of your reason, finding a great new company is less work than it seems.

As you shop your coverage around, it’s a bad idea to reduce coverage to reduce premium. Too many times, drivers have reduced uninsured motorist or liability limits only to find out that it was a big error on their part. Your objective should be to buy a smart amount of coverage at the best cost, but do not skimp to save money.

You just learned many ways to get a better price on 1997 Lexus LS 400 insurance. It’s most important to understand that the more rate comparisons you have, the better chance you’ll have of finding cheap insurance coverage. Consumers may even find the best rates are with some of the lesser-known companies.

More detailed insurance information is located in the articles below:

• Teen Driver Statistics (Insurance Information Insitute)
• Learn About Car Insurance (Geico)
• What Does No-Fault Insurance Cover? (Allstate)
• Safe Vehicles for Teens (iihs.org)
• Tools for Teen Driving Safety (State Farm)