View 2003 Lexus GX 470 Insurance Quotes

Trying to come up with a payment for pricey insurance can bleed your personal savings and possibly require postponing other expenditures. Shopping your coverage around is free and is an excellent way to lower your monthly bill.

Insurance companies such as State Farm, Allstate, Geico and Progressive increase brand awareness with catchy ads and consumers find it hard to sift through the bull and effectively compare rates to find the best deal.

It’s a good idea to compare premium rates before your policy renews because prices tend to go up over time. Just because you had the lowest rate for GX 470 coverage last year you can probably find a better premium rate now. Block out anything you think you know about insurance because we’re going to demonstrate how to quote online to save money, get proper deductibles and limits, all at the lowest rate.

If you currently have car insurance, you stand a good chance to be able to save some money using these techniques. Buying car insurance is not that difficult. Although vehicle owners need to have an understanding of how companies price insurance differently because it can help you find the best coverage.

Compare free car insurance rate quotes

Comparing car insurance rates can take time and effort if you don’t utilize the most efficient way to do it. You can spend countless hours driving to local insurance agents in your area, or you can stay home and use the web to get rates in a matter of minutes.

The majority of car insurance companies enroll in a system where prospective buyers submit their information once, and each company then returns a price quote determined by their information. This prevents consumers from doing quote requests for every car insurance company.

To find out what other companies charge click here (opens in new window).

The single downside to getting quotes like this is that you can’t choose the insurers to get pricing from. If you prefer to choose specific providers to compare, we have a page of car insurance companies in your area. Click to view list.

How you compare quotes is your choice, just make sure you compare exactly the same coverages with each company. If your comparisons have mixed coverages it will be impossible to get a fair rate comparison. Even a minor difference in insurance coverages may result in a large different in cost. It’s important to know that comparing more quotes will increase your chances of finding a better price.

Insurance cost influencing factors

Many factors are used when quoting car insurance. Some are obvious such as your driving record, but other criteria are not quite as obvious such as your credit history or your vehicle rating.The best way to find cheaper auto insurance is to take a look at some of the elements that help determine your policy premiums. If you know what determines premiums, this enables you to make decisions that may result in lower premium levels.

The list below includes some of the most rate-impacting factors used by your company to calculate rates.

• If you don’t need it don’t buy it – Insurance companies have many add-on coverages that can waste your money but may not be useful. Insurance for personal injury protection, high-cost glass coverage, and membership fees are examples of these. They may seem good when buying your policy, but if you’ve never needed them in the past get rid of them and save.
• Having a spouse brings a discount – Having a spouse may save some money on your auto insurance bill. Having a spouse usually means you are more mature than a single person and insurance companies like that drivers who are married file infrequent claims.
• Safer the car lower the rate – Vehicles that have high safety ratings tend to be cheaper to insure. Highly rated vehicles help reduce the chance of injuries in an accident and lower injury rates means less money paid by your insurance company which can result in lower premiums. If the Lexus GX 470 is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.
• Insurance companies don’t like frequent policy claims – If you are a frequent claim filer, you should expect either a policy non-renewal or much higher rates. Insurance companies award lower rates to people who do not rely on their insurance for small claims. Your car insurance is meant to be used in the event of major claims that would cause financial hardship.
• Drivers with excellent credit save on auto insurance – A driver’s credit rating can be a huge factor in determining premium rates. Drivers with good credit tend to be less risk to insure than drivers who have poor credit scores. Therefore, if your credit score is not that good, you could be paying less to insure your 2003 Lexus GX 470 by improving your rating.

Do you qualify for discount insurance coverage?

Insurance coverage is expensive, but you might already qualify for some discounts that many people don’t even know exist. Certain discounts will be triggered automatically when you get a quote, but some need to be asked about in order for you to get them.

• Anti-lock Brakes – Cars, trucks, and SUVs with ABS braking systems or traction control prevent accidents so you can save 10 percent or more.
• E-sign – A handful of insurance companies may give you up to $50 just for signing your application online.
• No Claims – Insureds who avoid accidents and claims can earn big discounts when compared with drivers who are more careless.
• Federal Government Employee – Having worked for a branch of the government could cut as much as 10% off for GX 470 coverage with select insurance companies.
• Homeowners Discount – Just owning your own home can save a few bucks because maintaining a house demonstrates responsibility.
• Student in College – Children living away from home attending college and do not have access to a covered vehicle could qualify for this discount.
• Good Students Pay Less – This discount can get you a discount of up to 25%. The discount lasts until age 25.
• Driver Training Discounts – Taking time to complete a course teaching safe driver skills could possibly earn you a 5% discount and also improve your driving technique.
• No Charge for an Accident – Not necessarily a discount, but companies like Geico and Liberty Mutual will forgive one accident without getting socked with a rate hike if you have no claims for a certain period of time.

As a footnote on discounts, most credits do not apply the the whole policy. Some only apply to specific coverage prices like comprehensive or collision. Even though it appears all those discounts means the company will pay you, insurance coverage companies aren’t that generous.

The best insurance coverage companies and the discounts they provide include:

• State Farm includes discounts for defensive driving training, good student, multiple policy, multiple autos, student away at school, and Drive Safe & Save.
• Progressive may include discounts for multi-vehicle, multi-policy, homeowner, online signing, online quote discount, continuous coverage, and good student.
• Progressive may offer discounts for multi-policy, homeowner, online signing, multi-vehicle, and continuous coverage.
• MetLife offers discounts including claim-free, accident-free, defensive driver, multi-policy, and good driver.
• Farm Bureau has savings for multi-policy, multi-vehicle, youthful driver, driver training, safe driver, and good student.
• Geico may have discounts that include defensive driver, good student, military active duty, anti-theft, seat belt use, emergency military deployment, and five-year accident-free.
• SAFECO has discounts for anti-lock brakes, anti-theft, drive less, homeowner, safe driver, and multi-car.

If you want cheap car insurance quotes, ask every company what discounts are available to you. All car insurance discounts may not apply to policyholders in every state. To see insurance coverage companies that offer many of these discounts, click this link.

What insurance coverages do I need?

When choosing the best insurance coverage coverage, there is no best way to insure your cars. Everyone’s needs are different and a cookie cutter policy won’t apply. For instance, these questions may help highlight if you might need an agent’s assistance.

• Is my camper covered by my car insurance policy?
• Does my policy cover my teen driver if they drive my company car?
• Is my teenager covered with friends in the car?
• Which is better, split liability limits or combined limits?
• Should I get collision insurance on every vehicle?
• When can my company non-renew my policy?
• Am I covered when using my vehicle for business?
• How do I file an SR-22 for a DUI in my state?
• Exactly who is provided coverage by my policy?
• When should I not file a claim?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of insurance coverage companies in your area.

Insurance coverages explained

Knowing the specifics of your policy aids in choosing which coverages you need at the best deductibles and correct limits. Insurance terms can be impossible to understand and coverage can change by endorsement. Listed below are typical coverages available from insurance companies.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for things like rehabilitation expenses, ambulance fees, prosthetic devices and hospital visits. They can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. It covers both the driver and occupants and also covers being hit by a car walking across the street. PIP is not available in all states and gives slightly broader coverage than med pay

Auto liability

This coverage protects you from damage that occurs to a person or their property by causing an accident. It protects YOU against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 100/300/100 that means you have a $100,000 limit per person for injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Another option is a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for things like court costs, attorney fees, medical expenses and emergency aid. How much liability coverage do you need? That is a decision to put some thought into, but you should buy higher limits if possible.

Auto collision coverage

This coverage covers damage to your GX 470 from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things such as colliding with a tree, hitting a parking meter and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. You can also choose a higher deductible to save money on collision insurance.

Uninsured Motorist or Underinsured Motorist insurance

This gives you protection from other drivers when they do not carry enough liability coverage. Covered losses include injuries to you and your family and damage to your Lexus GX 470.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Usually these coverages are identical to your policy’s liability coverage.

Comprehensive coverage (or Other than Collision)

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as a tree branch falling on your vehicle, hitting a bird, damage from a tornado or hurricane, a broken windshield and theft. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

More choices the merrier

We just covered a lot of tips how to save on 2003 Lexus GX 470 insurance. It’s most important to understand that the more times you quote, the higher the chance of saving money. Consumers could even find that the best rates are with a small local company. These smaller insurers can often provide lower car insurance rates in certain areas than the large multi-state companies such as State Farm and Allstate.

As you shop your coverage around, do not buy less coverage just to save a little money. There have been many cases where an accident victim reduced physical damage coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy the best coverage you can find for the lowest cost but still have enough coverage for asset protection.

Helpful information

• Eight Auto Insurance Myths (Insurance Information Insitute)
• Side Impact Crash Tests (iihs.org)
• Uninsured Motorist Statistics (Insurance Information Insitute)
• Teen Driver Licensing Information (iihs.org)
• Preventing Carjacking and Theft (Insurance Information Insitute)
• Collision Insurance Coverage (Nationwide)