1998 Lexus SC 400 Insurance Cost

Shoppers have options when shopping for the lowest priced Lexus SC 400 insurance. You can either waste hours driving around trying to get quotes or leverage the internet to get rate quotes.

There are more efficient ways to compare auto insurance rates and we’ll show you the absolute fastest way to compare rates for a Lexus and get the cheapest rates from both online companies and local agents.

Informed consumers know how to get auto insurance for less

One of the most helpful ways to save on auto insurance is to to have a grasp of the rating factors that are used to determine your premiums. When you understand what positively or negatively impacts your premiums, this empowers consumers to make smart changes that could help you find big savings. Many factors are taken into consideration when you get a price on insurance. Some are obvious such as your driving record, although others are less apparent such as whether you are married and annual miles driven.

• Your location is a factor – Choosing to live in smaller towns and rural areas of the country is a positive aspect when it comes to auto insurance. Fewer people means a lower chance of having an accident and also fewer theft and vandalism claims. Residents of big cities regularly have more auto accidents and longer commute times. The longer drive time statistically corresponds to a higher accident and claim rate.
• Pay more of a claim out-of-pocket – Your deductibles are the amount of money you are required to pay if a claim is determined to be covered. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. A few examples of covered claims are collision with another vehicle, hail damage, or theft of your vehicle. The more you choose to pay out-of-pocket, the bigger discount you will receive for SC 400 insurance.
• Married people drive safer – Having a wife or husband may save some money compared to being single. Having a spouse demonstrates that you tend to be more stable financially and insurance companies like that drivers who are married file infrequent claims.
• Liability protection claims can be big – Liability insurance will protect you in the event that you are responsible for damages caused by your negligence. This coverage provides legal defense coverage which can cost a lot. Carrying liability coverage is mandatory and cheap when compared to the cost of physical damage coverage, so drivers should make sure they buy enough to cover all assets.
• Vehicles with better crash test results means better auto insurance rates – Vehicles with good safety scores get lower rates. Highly rated vehicles reduce injuries and reduced instances of injuries translates into savings for insurance companies and cheaper rates on your policy.
• Annual mileage and car insurance rates – The more miles you rack up on your Lexus every year the higher your rate. The majority of insurers charge to insure your cars based on how the vehicle is used. Cars not used for work or commuting qualify for better rates compared to those used for work or business. Double check that your vehicle rating is showing the correct usage for each vehicle. Incorrect rating for your SC 400 is just wasting money.
• Extra coverages that aren’t used – Policies have extra add-on coverages you can purchase if you aren’t careful. Coverages like roadside assistance, towing, and Farm Bureau memberships may be costing you every month. They may seem good when buying your policy, but if they’re wasting money get rid of them and save.
• Too many claims drive up premiums – If you file a lot of claims you shouldn’t be surprised to get higher rates. Companies provide cheaper rates to insureds who are not frequent claim filers. Your car insurance is designed for claims that you cannot pay yourself.

Discounts can really help lower premiums

Insurance can be prohibitively expensive, but there are discounts available that you may not even know about. A few discounts will automatically apply when you get a quote, but once in a while a discount must be requested specifically before you get the savings.

• Multiple Cars – Insuring multiple cars or trucks on a single policy qualifies for this discount.
• Active Service Discounts – Having a family member in the military may qualify for rate reductions.
• ABS and Traction Control Discounts – Cars and trucks with ABS and/or traction control can stop better under adverse conditions so you can save 10 percent or more.
• Passive Restraints and Air Bags – Factory options such as air bags can get savings of more than 20%.
• Driver Safety – Taking a course in defensive driver is a good idea and can lower rates and make you a better driver.
• Policy Bundle Discount – If you can combine your home and auto policy and insure them both with the same insurance company they may give you a discount of up to 20% off your total premium.
• Memberships – Being a member of specific professional or occupational memberships or organizations is a simple method to lower premiums on your bill.
• Savings for New Vehicles – Buying a new car instead of a used car can save you some money due to better safety requirements for new vehicles.
• Responsible Driver Discounts – Safe drivers may save up to 50% more for SC 400 insurance compared to rates paid by drivers with frequent claims.

Don’t be surprised that many deductions do not apply to the entire cost. Some only reduce the cost of specific coverages such as comp or med pay. Despite the appearance that you could get a free auto insurance policy, auto insurance companies aren’t that generous.

To choose insurance companies that offer the discounts shown above, click here.

Insurance ads bend the truth

Consumers can’t get away from all the ads that promise big savings from the likes of Progressive, Geico, Allstate and State Farm. All the ads seem to make the promise that drivers will save a bundle just by moving to them.

How is it possible that every company can save you money? This is the way they can do it.

All companies quote their best rates for the type of customer that will most likely be profitable. For instance, a profitable risk profile might have to be over the age of 40, has no driving citations, and drives less than 7,500 miles a year. Any person that fits those parameters receives the best rates and is almost guaranteed to save some money.

Drivers who do not fit those standards may receive a higher premium and the customer not purchasing. The ads state “drivers that switch” not “everyone who quotes” can get the lowest rates when switching. That is how companies can truthfully claim big savings.

This really drives home the point why you absolutely need to get as many free insurance coverage quotes as possible. You cannot predict the company that will have the best car insurance rates for your profile.

Will just any policy work for me?

When choosing the best auto insurance coverage, there is no best way to insure your cars. Coverage needs to be tailored to your specific needs.

For instance, these questions may help highlight if your insurance needs might need professional guidance.

• Will my vehicle be repaired with OEM or aftermarket parts?
• Is my ex-spouse still covered by my policy?
• When can I cancel my policy?
• Does car insurance cover theft of personal property?
• Do I need PIP (personal injury protection) coverage in my state?
• Does my insurance cover damage caused when ticketed for reckless driving?
• Am I missing any policy discounts?

If you’re not sure about those questions, then you may want to think about talking to an insurance agent. If you don’t have a local agent, complete this form. It only takes a few minutes and can help protect your family.

Auto insurance policy specifics

Understanding the coverages of a auto insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Coverage for liability

Liability coverage will cover damage or injury you incur to other people or property. This insurance protects YOU against other people’s claims, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Some companies may use a combined single limit or CSL which provides one coverage limit without having the split limit caps.

Liability insurance covers things such as medical expenses, bail bonds and attorney fees. How much liability coverage do you need? That is your choice, but you should buy as high a limit as you can afford.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for things like X-ray expenses, funeral costs, ambulance fees and EMT expenses. They are utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is only offered in select states and may carry a deductible

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your Lexus SC 400.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family. Frequently these limits do not exceed the liability coverage limits.

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like hitting a bird, theft and damage from flooding. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Collision coverage protection

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

Collision coverage pays for things like driving through your garage door, colliding with another moving vehicle, scraping a guard rail, crashing into a building and sideswiping another vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. You can also bump up the deductible to get cheaper collision coverage.

Shop Smart and Save

While you’re price shopping online, do not skimp on critical coverages to save a buck or two. There are too many instances where an insured cut liability limits or collision coverage only to discover later that they should have had better coverage. The proper strategy is to buy enough coverage at the best cost.

We covered many ways to reduce 1998 Lexus SC 400 insurance premium rates online. The key concept to understand is the more quotes you get, the better chance you’ll have of finding affordable insurance coverage. You may be surprised to find that the best price on car insurance is with an unexpected company.

Low-cost 1998 Lexus SC 400 insurance is available from both online companies as well as from independent agents, and you need to comparison shop both in order to have the best price selection to choose from. A few companies may not provide online quoting and usually these smaller providers provide coverage only through independent agents.

Additional detailed information is available at these sites:

• Airbag FAQ (iihs.org)
• Young Drivers: The High Risk Years Video (iihs.org)
• When is the Right Time to Switch Car Insurance Companies? (Allstate)
• Auto Theft Statistics (Insurance Information Insitute)
• Should I Buy a New or Used Car? (Allstate)
• Preventing Carjacking and Theft (Insurance Information Insitute)