How Much Does 2000 Lexus ES 300 Insurance Cost?

Consumers have lots of choices when looking for low-cost Lexus ES 300 insurance. They can either waste time driving around to compare prices or save time using the internet to compare rates.

There is a right way and a wrong way to compare insurance rates so you’re going to learn the absolute fastest way to compare rates on a Lexus and locate the best price possible.

Get affordable rates by applying discounts

Car insurance can cost a lot, but there are discounts available that you may not know about. Many discounts should be triggered when you quote, but a few must be manually applied before they will apply.

• Early Renewal Discounts – Some companies provide a discount for switching to them before your current coverage expires. It could save around 10% when you buy insurance coverage online.
• Passive Restraints and Air Bags – Vehicles with factory air bags may earn rate discounts of up to 25% or more.
• Seat Belt Usage – Buckling up and requiring all passengers to wear their seat belts can save up to 15% on the premium charged for medical payments and/or PIP.
• Senior Citizen Discount – Seniors may qualify for a small discount on rates on ES 300 insurance.
• Low Mileage Discounts – Keeping the miles down on your Lexus could qualify for discounted prices on garaged vehicles.
• Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to take driver’s ed class if it’s offered in school.
• Braking Control Discount – Cars, trucks, and SUVs with anti-lock braking systems have fewer accidents and therefore earn up to a 10% discount.
• Telematics Data Discounts – Insureds who allow data collection to spy on where and when they drive by using a small device installed in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive could see a rate decrease if they show good driving skills.
• Safety Course Discount – Taking a course teaching defensive driver skills may get you a small discount and easily pay for the cost of the class.

Remember that most discounts do not apply the the whole policy. Most only apply to specific coverage prices like liability and collision coverage. Just because you may think you would end up receiving a 100% discount, companies don’t profit that way.

A list of companies and the discounts they provide can be read below.

• State Farm offers discounts for good student, defensive driving training, Drive Safe & Save, multiple policy, driver’s education, Steer Clear safe driver discount, and passive restraint.
• Farmers Insurance may offer discounts for multi-car, good student, bundle discounts, switch companies, youthful driver, and homeowner.
• Geico policyholders can earn discounts including seat belt use, driver training, air bags, anti-lock brakes, defensive driver, multi-policy, and membership and employees.
• American Family discounts include good student, bundled insurance, early bird, accident-free, and TimeAway discount.
• Nationwide may include discounts for business or organization, easy pay, accident-free, multi-policy, family plan, and anti-theft.
• Progressive includes discounts for online quote discount, continuous coverage, multi-vehicle, good student, online signing, multi-policy, and homeowner.

If you need lower rates, check with every insurance company which discounts they offer. Some discounts listed above may not be available in your state. To view companies who offer discounts, click this link.

Your car insurance coverage should be tailored to you

When choosing adequate coverage for your vehicles, there really is no “perfect” insurance plan. Everyone’s situation is unique.

These are some specific questions might point out whether you may require specific advice.

• What is high-risk coverage and where do I buy it?
• Does my policy cover my teen driver if they drive my company car?
• Who is covered when they drive my 2000 Lexus ES 300?
• Am I covered if I crash into my own garage door?
• What companies insure drivers after a DUI or DWI?
• Does my insurance cover a custom paint job?
• Should I waive the damage coverage when renting a car?
• When should my teen driver be added to my policy?
• What is the ISO rating for a 2000 Lexus ES 300?
• When can my company non-renew my policy?

If you’re not sure about those questions, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form. It only takes a few minutes and may give you better protection.

Big brands don’t always mean big savings

Consumers can’t get away from ads that claim the lowest car insurance rates from companies such as Allstate, Geico and Progressive. All the ads have a common claim that people will save if you move your coverage.

How can each company save you money? Just pay attention to how they say it.

Companies offer their best rates for the type of driver they prefer to insure. For example, this type of driver may be over age 30, has no prior claims, and drives a car with an anti-theft system. A driver who fits those characteristics may get the lowest premium rates and as a result will probably save when switching.

Drivers who do not meet the “perfect” profile will be charged higher premium rates which results in the prospect going elsewhere. The ads say “customers who switch” not “everyone that quotes” can get the lowest rates when switching. That’s why companies can truthfully make claims like that.

This emphasizes why you absolutely need to get insurance coverage quotes as often as possible. It is just not possible to predict which company will provide the lowest car insurance rates.

Car insurance coverage information

Having a good grasp of your insurance policy can be of help when determining which coverages you need and proper limits and deductibles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.

Auto collision coverage

Collision insurance will pay to fix damage to your ES 300 resulting from a collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like hitting a parking meter, crashing into a building and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Auto liability insurance

This coverage protects you from damage that occurs to other’s property or people in an accident. It protects you against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 50/100/50 which means a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability coverage protects against things such as medical services, funeral expenses, structural damage and repair bills for other people’s vehicles. How much liability coverage do you need? That is your choice, but you should buy higher limits if possible.

Comprehensive auto coverage

This will pay to fix damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as damage from a tornado or hurricane, a tree branch falling on your vehicle, hail damage and hitting a bird. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and also any damage incurred to your 2000 Lexus ES 300.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Frequently these limits are identical to your policy’s liability coverage.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for doctor visits, ambulance fees, funeral costs and nursing services. They are used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Don’t throw your cash in the trash

When trying to cut insurance costs, never skimp on critical coverages to save a buck or two. In many instances, an insured dropped collision coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your focus should be to buy a smart amount of coverage at a price you can afford, but don’t skip important coverages to save money.

In this article, we covered a lot of ways to save on 2000 Lexus ES 300 insurance. The key concept to understand is the more times you quote, the higher your chance of finding cheap insurance coverage. Consumers may even find the biggest savings come from some of the smallest insurance companies.

Lower-priced auto insurance is possible online in addition to many insurance agents, so get free insurance coverage quotes from both of them in order to have the best price selection to choose from. Some insurance companies may not have online price quotes and most of the time these regional insurance providers work with independent agents.

More detailed auto insurance information can be read in the articles below:

• Protecting Teens from Drunk Driving (Insurance Information Insitute)
• Parking Tips to Reduce Door Dings (State Farm)
• Safety Belts FAQ (iihs.org)
• Determing Auto Insurance Rates (Geico)
• Vehicle Insurance in the U.S. (Wikipedia)
• Booster Seat Ratings (iihs.org)