2000 Lexus LX 470 Insurance Rates – 8 Policy Discounts

Buyers have options when searching for low-cost Lexus LX 470 insurance. They can either spend hours driving around trying to get quotes or leverage the internet to make rate comparisons. There are both good and bad ways to find insurance online so we’re going to tell you the absolute fastest way to quote coverages for a new or used Lexus and get the lowest price either online or from local insurance agents.

Consumers need to get comparison quotes before your policy renews since insurance prices change frequently. If you had the lowest rates on LX 470 coverage last year there may be better deals available now. Ignore everything you know about insurance because you’re going to get a crash course in one of the best ways to save on insurance.

Buying car insurance is easy if you know what you’re doing. If you are paying for car insurance now, you should be able to cut costs considerably using these methods. Drivers only need an understanding of the most efficient way to compare company rates online.

How to get insurance quotes

There are a variety of methods to shop for insurance, but some are less time-consuming than others. You can spend countless hours talking to local insurance agents in your area, or you could save time and use the internet to get the quickest rates.

Most of the larger companies belong to a marketplace where prospective buyers send in one quote, and at least one company can give them a price determined by their information. This prevents consumers from doing form submissions to each company.

To submit your quote information now, click here (opens in new window).

The single downside to using this type of form is you cannot specify the insurers to receive prices from. So if you want to choose individual companies to request quotes from, we put together a list of low cost insurance companies in your area. Click to view list.

Take whichever approach you prefer, but ensure you are comparing the exact same quote data for each quote you get. If you compare different coverage information then you won’t be able to determine which rate is truly the best.

Lower-cost car insurance rates with discounts

Some providers don’t list all possible discounts in a way that’s easy to find, so the next list breaks down some of the more common in addition to some of the lesser obvious credits available to bring down your rates. If you do not check that you are getting every discount available, you could be saving more on your car insurance.

• Renewal Discounts – A few car insurance companies offer discounts for switching companies before your current expiration date. It could save around 10% when you buy insurance coverage online.
• Clubs and Organizations – Having an affiliation with a qualifying organization is a simple method to lower premiums when getting a insurance coverage quote.
• Payment Discounts – By paying your entire bill at once rather than paying in monthly installments you can avoid the installment charge.
• Theft Deterent – Cars and trucks that have factory anti-theft systems help deter theft and will save you 10% or more.
• Accident Waiver – Not a discount per se, but a handful of insurance companies permit an accident before hitting you with a surcharge so long as you haven’t had any claims for a specific time period.
• Military Discounts – Having a deployed family member could mean lower rates.
• Discount for Passive Restraints – Vehicles with factory air bags can get savings of 25 to 30%.
• Driver’s Education for Students – Require your teen driver to complete a driver education course in high school.

While discounts sound great, it’s important to understand that most discounts do not apply to the overall cost of the policy. Most only apply to the price of certain insurance coverages like medical payments or collision. So even though it sounds like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business.

To choose car insurance companies that offer many of these discounts, click here.

Tailor your insurance coverage to you

When choosing adequate coverage, there really is not a perfect coverage plan. Every situation is different.

For instance, these questions might point out whether your personal situation will benefit from professional help.

• Do I benefit by insuring my home with the same company?
• Why do I need rental car insurance?
• Am I covered if I break a side mirror?
• How do I file an SR-22 for a DUI in my state?
• Can I afford to buy a different vehicle if my 2000 Lexus LX 470 is totaled?
• What is no-fault insurance?
• Are all vehicle passengers covered by medical payments coverage?
• Should I get collision insurance on every vehicle?
• Does my insurance cover my expensive audio equipment?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form. It is quick, free and may give you better protection.

Specifics of your insurance policy

Learning about specific coverages of your insurance policy aids in choosing the right coverages and proper limits and deductibles. Policy terminology can be difficult to understand and coverage can change by endorsement.

Collision – Collision coverage covers damage to your LX 470 resulting from a collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as crashing into a building, scraping a guard rail and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Another option is to bump up the deductible to save money on collision insurance.

Auto liability – Liability insurance will cover injuries or damage you cause to a person or their property that is your fault. This insurance protects YOU from claims by other people, and doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability insurance covers claims such as legal defense fees, funeral expenses and repair bills for other people’s vehicles. How much coverage you buy is up to you, but consider buying as high a limit as you can afford.

Comprehensive or Other Than Collision – 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 things such as damage from flooding, a tree branch falling on your vehicle, hail damage and hitting a deer. The most a insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses like EMT expenses, prosthetic devices, doctor visits and hospital visits. They are used to cover expenses not covered by your health insurance program or if you do not have health coverage. Coverage applies to both the driver and occupants in addition to being hit by a car walking across the street. PIP is not available in all states but can be used in place of medical payments coverage

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage gives you protection when other motorists either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family.