Save on 2003 Lexus ES 300 Car Insurance Rates

Trying to find cheaper car insurance rates? Buyers have lots of choices when searching for the best price on Lexus ES 300 insurance. You can either waste hours struggling with agents to compare prices or save time using the internet to find the lowest rates.

There is a right way and a wrong way to buy car insurance so we’re going to tell you the best way to quote coverages for your Lexus and locate the cheapest rates.

It’s a good habit to shop coverage around yearly because prices are constantly changing. If you had the lowest rates on ES 300 insurance a few years ago there is a good chance you can find better premium rates now. Block out anything you think you know about car insurance because you’re going to get a crash course in the right way to save on car insurance.

Lower your insurance premiums

Smart consumers have a good feel for the rating factors that play a part in calculating auto insurance rates. When consumers understand what controls the rates you pay, this allows you to make educated decisions that may result in cheaper rates.

The list below includes some of the major factors used by companies to determine prices.

  • Is you employer costing you more? – Careers such as fire fighterspolice officers and financial analysts have the highest average rates because of high stress levels and lots of time spent at work. Other careers such as professors, engineers and the unemployed generally pay rates lower than average on ES 300 insurance.
  • What are good liability protection limits? – The liability coverage on your policy is the protection if you are responsible for damages caused by your negligence. It provides for a legal defense up to the limits shown on your policy. Liability insurance is pretty cheap when compared to the cost of physical damage coverage, so do not skimp.
  • Does auto insurance cost more for males? – Statistics have proven that women are safer drivers than men. However, this does not mean males are worse at driving than females. They both have accidents at about the same rate, but the men cause more damage and cost insurance companies more money. Men also get higher numbers of serious violations such as reckless driving. Youthful male drivers cause the most accidents and therefore have the most expensive auto insurance rates.
  • Insurance rates in urban areas – Residing in small towns and rural areas can be a good thing when trying to find low car insurance rates. Less people translates into fewer accident claims and also fewer theft and vandalism claims. People in densly populated areas have much more traffic and longer commutes to work. The longer drive time means higher likelihood of an accident.
  • Save money with GPS tracking and theft deterrents – Driving a car with anti-theft technology or alarm system can save you a little every year. Theft deterrent systems like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping car theft and help bring rates down.
  • Drive less and save – Driving more miles every year the more you’ll pay to insure your vehicle. Almost all companies price each vehicle’s coverage partially by how you use the vehicle. Cars used primarily for pleasure use can be on a lower rate level than those that get driven frequently. An improperly rated ES 300 is throwing money out the window. Double check that your auto insurance policy reflects the right rating data, because improper ratings can cost you money.
  • Don’t buy incidental coverages you don’t use – There are quite a few extra bells and whistles that may not really be needed when buying auto insurance. Coverage for things like personal injury protection, better glass coverage, and membership fees are probably not needed. You may think they are a good idea when you first buy your policy, but if they’re wasting money eliminate the coverages to reduce your premium.

Slash your insurance coverage rates with discounts

Some providers do not list every disount available in an easy-to-find place, so the next list breaks down both the well known and the more hidden discounts that you may qualify for. If you check and find you aren’t receiving every discount you deserve, it’s possible you qualify for a lower rate.

  • Telematics Data – Insureds who allow their company to scrutinize driving manner by using a small device installed in their vehicle such as Drivewise from Allstate or Snapshot from Progressive could possibly reduce rates if they show good driving skills.
  • Theft Deterent System – Cars and trucks that have factory anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
  • Discounts for Government Workers – Having worked for a branch of the government can earn a discount up to 10% on ES 300 insurance with a few insurance coverage companies.
  • Claim-Free Discount – Drivers who stay claim-free get the best insurance coverage rates when compared with drivers who are more careless.
  • Home Ownership Discount – Being a homeowner can save a few bucks because of the fact that having a home requires personal responsibility.
  • Discounts for Seat Belt Usage – Forcing all vehicle occupants to buckle up before driving may be able to save a few bucks on medical payment and PIP coverage.
  • ABS Braking Discount – Cars, trucks, and SUVs with anti-lock braking systems can avoid accidents so companies give up to a 10% discount.
  • Drive Less and Save – Fewer annual miles on your Lexus can qualify you for lower rates due to less chance of an accident.
  • Discount for Multiple Policies – If you have multiple policies with the same insurance company you may save over 10 percent off each policy depending on the company.
  • Discount for Life Insurance – Larger companies have a break if you buy auto and life insurance together.

Don’t be surprised that some of the credits will not apply to the overall cost of the policy. Most only reduce individual premiums such as collision or personal injury protection. If you do the math and it seems like you would end up receiving a 100% discount, it just doesn’t work that way.

A partial list of companies that may offer some of the discounts shown above possibly include:

If you need the cheapest auto insurance quotes, ask each company or agent which discounts you qualify for. Some discounts might not apply in your area.

You are unique and your auto insurance should be too

When it comes to choosing coverage, there is no “best” method to buy coverage. Everyone’s situation is unique.

Here are some questions about coverages that may help you determine whether you would benefit from professional advice.

  • Does my 2003 Lexus ES 300 need full coverage?
  • Should I rate my 2003 Lexus ES 300 as pleasure use or commute?
  • How much liability insurance is required?
  • What can I do if my company won’t pay a claim?
  • Can I get a multi-policy discount?
  • At what point should I drop full coverage?

If you’re not sure about those questions but you know they apply to you then you might want to talk to an insurance agent. To find an agent in your area, take a second and complete this form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Auto insurance coverages

Knowing the specifics of your policy can be of help when determining the right coverages and the correct deductibles and limits. Car insurance terms can be ambiguous and coverage can change by endorsement.

Coverage for collisions

This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as hitting a parking meter, rolling your car, backing into a parked car and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. You can also bump up the deductible in order to get cheaper collision rates.

Liability

Liability insurance can cover damages or injuries you inflict on a person or their property in an accident. This coverage protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for claims like medical services, funeral expenses, repair bills for other people’s vehicles, medical expenses and repair costs for stationary objects. The amount of liability coverage you purchase is a decision to put some thought into, but buy as high a limit as you can afford.

Comprehensive coverage

This covers damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things such as rock chips in glass, fire damage and a tree branch falling on your vehicle. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance provide coverage for expenses for things like prosthetic devices, hospital visits, ambulance fees, surgery and funeral costs. The coverages can be utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and damage to your 2003 Lexus ES 300.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Summing up your insurance search

Drivers who switch companies do it for many reasons like policy non-renewal, lack of trust in their agent, extreme rates for teen drivers or poor customer service. No matter why you want to switch, finding a great new company is actually quite simple.

When shopping online for insurance, it’s a bad idea to buy less coverage just to save a little money. There have been many situations where an insured dropped uninsured motorist or liability limits only to find out that the few dollars in savings costed them thousands. The goal is to buy a smart amount of coverage at the best price, but do not skimp to save money.

Low-cost 2003 Lexus ES 300 insurance is available on the web as well as from independent agents, and you need to price shop both in order to have the best price selection to choose from. Some insurance providers do not provide the ability to get a quote online and these regional carriers prefer to sell through local independent agents.

To learn more, feel free to visit the articles below:

Comments About 2003 Lexus ES 300 Insurance

  1. Trang Sutton

    In Augusta, GA, State Farm auto insurance rates for my 2003 Lexus ES 300 were good. Can still barely afford it. Anyone else drop full coverage?

  2. Leslie Whitney

    Where is cheaper car insurance? I’m from Burlington, Vermont. Quoted prices online for a 2003 Lexus ES 300. Ended up at about $100 savings annually. Went with 21st Century. Insured with Encompass before. I just quoted rates online.

  3. Hunter Cox

    It all costs too much. Went with Sentry for my ES 300 and saved about $90 a year.

  4. Jere Foley

    If you have a good history and are close to Rapid City, South Dakota, check out 21st Century. You might get cheaper rates. Was with Allstate.

  5. Nancie Mills

    In Columbus, OH, GEICO is a good choice. Still almost need a second mortgage. I don’t have comp or collision coverage.

  6. Enrique Berger

    I’m looking for cheaper coverage. Lifelong resident of Aurora, Colorado. Got rates from Auto-Owners, Safeco, and some smaller one I can’t remember the name of for my 2003 Lexus ES 300 and I think I am saving around $30 each month. Was with Hartford. I think they have home insurance too. God forbid I actually have a claim.

  7. Lorelei Lester

    Good site, thanks. I’m from Birmingham, AL. Compared rates from a lot of places. Saved darn near $20 a month. Progressive was the cheapest option for me.

  8. Emery Lloyd

    Good site, thanks. Live in Jersey City, New Jersey. Quoted with Nationwide, Esurance, GEICO, and AAA for my ES 300 and saved $83 a year. I’m a pretty low risk driver.

  9. Nena Chandler

    Where is cheaper car insurance? I live just to the south of Tulsa, OK. Quoted with USAA, AIG Insurance, Hanover, and MetLife for my 2003 Lexus ES 300 and saved around $80 a year. I have a couple other vehicles on the policy. I used their online quote form to compare rates.

  10. Twanda Sanchez

    When should I drop comp and collision?

  11. Robyn Manning

    Like your site, BTW. I live in Tacoma, WA. I got free prices from American Family, Erie, and MetLife for my 2003 Lexus ES 300 and saved $85 a year. It’s still not cheap enough. I dropped full coverage awhile back.

  12. Debbra Hodge

    I found pretty cheap rate quotes for a 2003 Lexus ES 300 in Madison, Wisconsin. Ended up at roughly $110 every six months with American Family. My new agent seems to be really good.

  13. Tammie Sheppard

    Can you buy custom paint coverage for a 2003 Lexus ES 300?

  14. Cassandra Melton

    21st Century is cheapest in Vermont! :)

  15. Vickie Walls

    I live in a small town just outside of Los Angeles, CA. Compared rates from a lot of places. Saved darn near $30 a month. Allstate was the most affordable for me. Was with Farmers.

  16. Beatriz Robinson

    I’m in the east part of Minneapolis, Minnesota. Quoted prices from State Farm, American Family, and Farmers for my 2003 Lexus ES 300 and I’m now saving $24 a month. They were helpful in switching over.

  17. Becky Day

    Here’s what I found out. Found cheapest coverage with Liberty Mutual for my 2003 Lexus ES 300 and cut my rates about $60 a year. My new agent seems to be really good. I recommend comparing lots of rates.