Lower Your 2004 Lexus GX 470 Insurance Quotes

Trying to find lower insurance rates? Buyers have lots of choices when searching for affordable Lexus GX 470 insurance. They can either waste time struggling with agents trying to get quotes or save time using the internet to get rate quotes. There is a right way and a wrong way to find insurance online so we’re going to tell you the best way to compare rates for a Lexus and locate the best price possible.

Auto insurance rates and discounts

Auto insurance is not an enjoyable expense, but there are discounts available that can help lower your rates. Some discounts apply automatically at the time of purchase, but a few must be asked for before being credited. If you are not receiving all the discounts possible, you could be getting lower rates.

• Discount for New Cars – Adding a new car to your policy can cost up to 25% less because newer vehicles are generally safer.
• Life Insurance – Companies who offer life insurance give a small discount if you purchase some life insurance in addition to your auto policy.
• Senior Citizens – Drivers that qualify as senior citizens can get a small decrease in premiums on GX 470 coverage.
• Theft Deterent Discount – Cars and trucks equipped with anti-theft or alarm systems prevent vehicle theft and earn discounts up to 10% off your car insurance quote.
• Auto/Home Discount – If you can combine your homeowners and auto policy and place coverage with the same company they may give you a discount of over 10 percent off each policy depending on the company.
• Discount for Passive Restraints – Vehicles with factory air bags may qualify for discounts of 20% or more.

As a disclaimer on discounts, most credits do not apply to the entire policy premium. Most only apply to the price of certain insurance coverages like comp or med pay. Even though it may seem like all those discounts means the company will pay you, you aren’t that lucky.

Larger auto insurance companies and some of their more popular discounts are shown below.

• Geico offers premium reductions for federal employee, membership and employees, multi-vehicle, multi-policy, daytime running lights, and good student.
• SAFECO may have discounts that include anti-lock brakes, teen safety rewards, homeowner, drive less, and teen safe driver.
• State Farm may offer discounts for defensive driving training, multiple policy, good driver, driver’s education, and good student.
• MetLife has savings for claim-free, good driver, accident-free, defensive driver, and multi-policy.
• 21st Century policyholders can earn discounts including defensive driver, teen driver, automatic seat belts, student driver, air bags, and early bird.
• Progressive discounts include good student, online quote discount, multi-vehicle, multi-policy, online signing, and homeowner.

Double check with every prospective company how many discounts you can get. All car insurance discounts may not apply to policies in your area. To locate companies with discount rates, click this link.

How to get insurance quotes

There are multiple methods to compare insurance prices but one way is easier and takes less work. You can waste a few hours (or days) driving to agents in your area, or you could use online quoting to maximize your effort.

Most of the best insurance companies participate in a marketplace where prospective buyers submit one quote, and every company returns a competitive quote. This saves time by eliminating quote requests for each company you want a rate for.

To fill out one form to compare multiple rates now click here (opens in new window).

The only drawback to getting quotes like this is you can’t choose which insurance companies to get quotes from. If you would rather choose individual companies to compare prices, we have assembled a list of the cheapest insurance companies in your area. Click here for list of insurance companies.

Which method you use is up to you, but make absolute certain that you use equivalent quote information with every price quote. If you are comparing unequal deductibles or liability limits it’s impossible to make a fair comparison for your Lexus GX 470.

Learn how to lower your insurance costs

Lots of things are part of the equation when quoting car insurance. A few of the factors are predictable such as your driving history, but others are not quite as obvious like your continuous coverage or your financial responsibility.

• Single drivers may pay higher prices – Being married actually saves money compared to being single. Having a significant other is viewed as being less irresponsible and it’s proven that being married results in fewer claims.
• Your address can push rates up or down – Having an address in less populated areas of the country can be a good thing when trying to find low car insurance rates. Residents of big cities have traffic congestion and higher rates of accident claims. Fewer drivers means less chance of accidents and also fewer theft and vandalism claims.
• Lower rates come with age – Older people are shown to be more cautious, cause fewer claims and accidents .Inexperience drivers are statistically proven to be more careless when driving with friends so they pay higher auto insurance rates.
• Higher prices for auto insurance policy lapses – Having an insurance coverage lapse can be a quick way to drive up your policy premiums. Not only will rates go up, the inability to provide proof of insurance may earn you a revoked license or a big fine.
• Prices also based on gender – Statistics demonstrate that females tend to be a little less risky than males. It does not mean women are better drivers. Both genders tend to get into fender benders in similar percentages, but the male of the species have costlier accidents. Men also get more serious tickets like DUI and reckless driving. Male teenagers generally have the highest accident percentage so they pay the highest premiums.
• Higher coverage deductibles reduce premiums – Protection for physical damage, also known as collision and other-than-collision, protects your Lexus from damage. Some coverage claims would be a broken side mirror, vandalism, and having your car stolen. Your deductibles are how much you are willing to pay before your auto insurance pays a claim. The more of the claim the insured is willing to pay, the less your company will charge you for insurance on GX 470 coverage.
• An active auto insurance claims history can cost you – If you frequently file small claims, you can expect higher premiums or even policy non-renewal. Insurance companies generally give lower rates to insureds who only file infrequent claims. Auto insurance is designed for the large, substantial claims.

Situations that may require an agent’s advice

When it comes to choosing the best insurance coverage for your vehicles, there isn’t really a single plan that fits everyone. Everyone’s needs are different.

These are some specific questions might point out whether your personal situation might need professional guidance.

• What discounts do I qualify for?
• Is a blown tire covered by insurance?
• Is my state a no-fault state?
• Does coverage extend to Mexico or Canada?
• What vehicles should carry emergency assistance coverage?
• Does my 2004 Lexus GX 470 qualify for pleasure use?
• What is an SR-22 filing?
• Should I buy only the required minimum liability coverage?
• I don’t drive much so do I pay less?

If you’re not sure about those questions but you know they apply to you, you might consider talking to a licensed agent. If you want to speak to an agent in your area, simply complete this short form. It’s fast, free and can provide invaluable advice.

Insurance buyers beware

Drivers can’t avoid all the ads that promise big savings from companies such as Allstate, Geico and Progressive. All the ads make the point about saving some big amount if you get a free car insurance quote and switch your coverage.

How do they all save you money?

Insurance providers quote their cheapest rates for a prospective insured that will most likely be profitable. A good example of this type of risk profile could possibly be married and over the age of 30, has no tickets, and drives newer vehicles. Any driver that hits that “sweet spot” will get very good rates and will also save when switching.

Insureds who are not a match for this ideal profile will see more expensive rates which usually ends up with the customer buying from a different company. Company advertisements say “drivers who switch” not “all people who quote” save that kind of money. That is how insurance companies can confidently make claims like that. Because of the profiling, you need to get price quotes at each policy renewal. Because without a comparison, you cannot know which insurance companies will have better prices than you’re paying now.

Car insurance 101

Learning about specific coverages of your policy can help you determine the right coverages at the best deductibles and correct limits. Insurance terms can be ambiguous and coverage can change by endorsement.

Collision insurance

Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage protects against claims such as hitting a mailbox, scraping a guard rail and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to bump up the deductible to save money on collision insurance.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance kick in for immediate expenses such as prosthetic devices, rehabilitation expenses, pain medications and ambulance fees. They are often used to cover expenses not covered by your health insurance plan or if you do not have health coverage. They cover all vehicle occupants in addition to any family member struck as a pedestrian. PIP coverage is not available in all states and may carry a deductible

Auto liability insurance

This coverage provides protection from damage that occurs to people or other property that is your fault. This insurance protects YOU from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 50/100/50 that translate to a $50,000 limit per person for injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery.

Liability insurance covers claims such as bail bonds, medical services and attorney fees. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive coverage (or Other than Collision)

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like falling objects, hitting a deer and a broken windshield. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Power to the consumer

Cheaper insurance coverage is definitely available online and also from your neighborhood agents, so you need to quote car insurance with both to get a complete price analysis. Some companies do not provide rate quotes online and usually these smaller providers sell through local independent agents.

Consumers switch companies for any number of reasons including not issuing a premium refund, delays in paying claims, extreme rates for teen drivers or lack of trust in their agent. Regardless of your reason, choosing a new company can be less work than you think.

When buying insurance coverage, it’s very important that you do not buy lower coverage limits just to save a few bucks. In many instances, someone sacrificed uninsured motorist or liability limits and found out when filing a claim they didn’t have enough coverage. The ultimate goal is to buy a smart amount of coverage at the lowest possible cost.

Other information

• How do I File a Claim? (Insurance Information Insitute)
• Preventing Carjacking and Theft (Insurance Information Insitute)
• Smart Auto Insurance Tips (Insurance Information Insitute)
• Young Drivers: The High Risk Years Video (iihs.org)
• Uninsured Motorist Statistics (Insurance Information Insitute)
• If I File a Claim will My Insurance Go Up? (Insurance Information Insitute)