1999 Lexus RX 300 Insurance Rates – 8 Policy Discounts

Want the cheapest insurance coverage rates for your Lexus RX 300? Have you had enough of not being able to scrape enough together to pay your insurance coverage bill each month? You have the same problem as millions of other drivers. Many insurance companies compete for your insurance dollar, and it can be difficult to compare rates to find the lowest price

You need to compare rates as often as possible due to the fact that insurance prices are rarely the same from one policy term to another. Despite the fact that you may have had the best deal on RX 300 coverage at your last renewal you can probably find a better rate quote now. Don’t believe everything you read about insurance coverage on the web, but in just a couple of minutes you can learn the best ways to lower your insurance coverage bill.

If you have insurance now or are just looking to switch companies, you will benefit by learning to get lower rates and still get good coverage. Finding the best rates is not rocket science. Vehicle owners just need to know how to get comparison quotes over the internet.

Quote insurance coverage online

Reducing your 1999 Lexus RX 300 insurance rates is a great way to save money. Drivers just need to spend a few minutes on the computer to compare rate quotes to find out which insurance company has the cheapest auto insurance quotes. Comparing prices online can be done using one of these methods.

• One of the simplest ways to get the best comparison quotes is a comparison rater form like this one (opens in new window). This method eliminates the need for separate forms for every insurance coverage company. One form submission will get you price quotes from several companies.
• A more difficult way to get quotes online consists of visiting each individual company website and request a quote. For example, let’s assume you want rates from Progressive, State Farm and American Family. To get rate quotes you would need to spend time on each company’s site and repeatedly enter your information, which is why first method is reommended.

  To view a list of companies in your area, click here.

• The least efficient and most time consuming way to quote and compare insurance rates is to spend your day driving to each insurance agency near you. Buying insurance online can eliminate the need for a local agent unless you have a need for the extra assistance of a local agency. However, consumers can obtain prices from the web and get advice from an agent in your area.

However you get your quotes, try to keep identical quote information for each quote you get. If you compare unequal deductibles or liability limits you can’t possibly determine the best price for your Lexus RX 300.

Eight discounts for cheaper insurance coverage rates

Car insurance companies don’t always advertise every disount available very clearly, so the below list has a few of the more well known and also the more inconspicuous savings tricks you should be using when you buy auto insurance online.

• Theft Deterent Discount – Cars and trucks that have factory anti-theft systems can help prevent theft and therefore earn up to a 10% discount.
• Discount for Good Grades – Being a good student may save you up to 25%. Most companies allow this discount up to age 25.
• Professional Memberships – Being in a qualifying organization may earn a discount on your policy.
• More Vehicles More Savings – Buying coverage for multiple vehicles on the same insurance coverage policy may reduce the rate for each vehicle.
• Discount for Swiching Early – Some insurance companies give discounts for renewing your policy prior to your current policy expiration. This can save 10% or more.
• Drivers Ed for Students – Cut your cost by having your teen driver enroll in driver’s education if offered at their school.
• First Accident Forgiveness – This one is not really a discount per se, but some companies like State Farm and Geico allow you one accident without the usual rate increase so long as you are claim-free prior to the accident.
• Discount for Low Mileage – Fewer annual miles on your Lexus could earn cheaper prices.

One last thing about discounts, some of the credits will not apply the the whole policy. Most only apply to specific coverage prices like comprehensive or collision. So even though you would think all the discounts add up to a free policy, companies wouldn’t make money that way.

Larger insurance coverage companies and some of their more popular discounts are included below.

• Farm Bureau offers discounts for safe driver, renewal discount, good student, youthful driver, driver training, 55 and retired, and multi-vehicle.
• MetLife offers premium reductions for claim-free, accident-free, multi-policy, defensive driver, and good driver.
• Progressive may have discounts that include good student, homeowner, multi-policy, online signing, multi-vehicle, online quote discount, and continuous coverage.
• AAA offers discounts including anti-theft, multi-car, multi-policy, good driver, education and occupation, and pay-in-full.
• American Family may offer discounts for multi-vehicle, air bags, Steer into Savings, TimeAway discount, defensive driver, good student, and accident-free.
• Geico discounts include five-year accident-free, air bags, anti-lock brakes, good student, and membership and employees.
• State Farm may include discounts for safe vehicle, Steer Clear safe driver discount, Drive Safe & Save, driver’s education, good student, multiple autos, and multiple policy.

When comparing rates, check with all companies you are considering how many discounts you can get. Discounts may not apply to policyholders in every state. If you would like to view companies who offer cheap insurance coverage quotes, click here to view.

Tailor your insurance coverage coverage to you

When choosing coverage for your vehicles, there isn’t really a single plan that fits everyone. Every insured’s situation is different so your insurance needs to address that. These are some specific questions could help you determine whether or not you might need professional guidance.

• Does car insurance cover theft of personal property?
• Does my insurance cover a custom paint job?
• Do I benefit by insuring my home with the same company?
• Are my tools covered if they get stolen from my vehicle?
• Is my ex-spouse still covered by my policy?
• Can I rent a car in Mexico?
• Are my friends covered when driving my 1999 Lexus RX 300?
• Why do I need rental car insurance?

If you don’t know the answers to these questions, you may need to chat with a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It is quick, free and may give you better protection.

Are you falling for claims of savings?

Consumers can’t ignore all the ads that claim the cheapest premium rates from the likes of State Farm, Geico and Progressive. They all seem to make an identical promise about saving some big amount if you change your auto insurance coverage to their company.

That’s great but how can every company cost less than your current company? It’s all in the wording.

Insurance providers have underwriting criteria for the type of driver that will be a good risk. An example of a preferred risk could possibly be a female over age 40, is a homeowner, and the vehicle is rated for pleasure use. A customer who fits those characteristics receives the best prices and have a good chance to save a lot of money.

Drivers who don’t measure up to this stringent profile may receive higher premium rates and this results in the customer not purchasing. The trick is to say “drivers who switch” not “everyone that quotes” save that kind of money. That’s why insurance companies can confidently lure you into getting a quote. Different companies use different criteria so you really need to compare many company’s prices. Because you never know which insurance companies will have the best premium rates.

Car insurance coverages for a 1999 Lexus RX 300

Understanding the coverages of your auto insurance policy aids in choosing the best coverages for your vehicles. Policy terminology can be difficult to understand and reading a policy is terribly boring. Shown next are typical coverage types found on the average auto insurance policy.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses such as funeral costs, chiropractic care and prosthetic devices. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Liability auto insurance – This coverage will cover damage or injury you incur to other people or property in an accident. 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. You might see limits of 100/300/100 which stand for $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage pays for things like repair costs for stationary objects, legal defense fees, funeral expenses and structural damage. How much liability coverage do you need? That is a personal decision, but buy as much as you can afford.

Comprehensive coverage – This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as theft, rock chips in glass and damage from a tornado or hurricane. The maximum payout your auto insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Collision – Collision coverage covers damage to your RX 300 caused by collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as hitting a mailbox, rolling your car, backing into a parked car, sustaining damage from a pot hole and colliding with another moving vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Uninsured/Underinsured Motorist coverage – This protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your 1999 Lexus RX 300.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Saving money is sweet as honey

You just read many tips how you can lower your 1999 Lexus RX 300 insurance premium rates. It’s most important to understand that the more rate comparisons you have, the better likelihood of getting affordable auto insurance. Consumers could even find that the biggest savings come from a company that doesn’t do a lot of advertising. Regional companies often have lower prices on specific markets as compared to the big name companies such as State Farm or Progressive.

When buying insurance coverage, you should never reduce needed coverages to save money. There are a lot of situations where consumers will sacrifice collision coverage only to find out that the few dollars in savings costed them thousands. The aim is to get the best coverage possible at the lowest possible cost while still protecting your assets.

Additional auto insurance information is available at the links below

• What is Covered by an Auto Insurance Policy? (Insurance Information Insitute)
• Child Safety FAQ (iihs.org)
• Understanding Your Insurance Deductible (Insurance Information Insitute)
• Steps to Take After an Auto Accident (Insurance Information Insitute)
• Safety Belts FAQ (iihs.org)