2004 Lexus LX 470 Insurance Rates – 6 Ways to Save

Locating cheaper insurance for a new or used Lexus LX 470 can be an all-consuming task, but you can learn our insurance buying tips and make it easy.

There are more efficient ways to buy insurance so you’re going to learn the quickest way to quote coverages for your Lexus and locate the best price possible from both online companies and local agents.

It’s a great practice to do price comparisons quite often since rates tend to go up over time. Even if you think you had the best rate on LX 470 insurance a couple years back you can probably find a lower rate today. You’ll find quite a bit of inaccurate information about insurance out there, but in just a couple of minutes you can learn some of the best ways to quit paying high insurance rates.

If you have insurance now or need a new policy, you will benefit by learning to shop for the lowest rates while maintaining coverages. Locating the best insurance coverage coverage is not that difficult. Consumers just need to know the best way to compare price quotes online.

Are you getting every discount?

Car insurance is easily one of your largest bills, but companies offer discounts that you may not know about. Larger premium reductions will be automatically applied at the time you complete a quote, but some discounts are required to be inquired about before you will receive the discount. If you don’t get every credit you qualify for, you are throwing money away.

• Federal Employees – Federal government employees could qualify for a slight premium decrease on LX 470 insurance with certain companies.
• E-sign – A few companies will give you a small discount shop car insurance on your computer.
• Service Members Pay Less – Having a deployed family member could qualify you for better prices.
• Air Bag Discount – Factory options such as air bags or motorized seat belts can receive discounts of more than 20%.
• Drive Safe and Save – Insureds who avoid accidents can save as much as half off their rates on LX 470 insurance than their less cautious counterparts.
• Claim-Free Discount – Drivers who stay claim-free pay less when compared to policyholders that have many claims.

Discounts save money, but please remember that most of the big mark downs will not be given to your bottom line cost. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. So even though it sounds like all the discounts add up to a free policy, car insurance companies aren’t that generous. Any qualifying discounts will bring down your overall bill.

A list of car insurance companies and some of the discounts are:

• Farmers Insurance has savings for multi-car, electronic funds transfer, youthful driver, alternative fuel, early shopping, and mature driver.
• Esurance may include discounts for claim free, safety device, defensive driver, paid-in-full, and Pac-12 alumni.
• State Farm discounts include good driver, student away at school, driver’s education, accident-free, safe vehicle, and multiple policy.
• Geico has discounts for military active duty, anti-lock brakes, multi-vehicle, air bags, and five-year accident-free.
• Allstate includes discounts for premier plus, safe driver, new car, farm vehicle, and economy car.

When getting free car insurance quotes, it’s a good idea to each company or agent which discounts can lower your rates. Discounts might not be offered on policies everywhere. To view providers who offer cheap car insurance quotes, click here to view.

When in doubt talk to an agent

When choosing adequate coverage for your personal vehicles, there isn’t really a best way to insure your cars. Your needs are not the same as everyone else’s.

For example, these questions may help you determine if your situation might need professional guidance.

• Why is insurance for a teen driver so high?
• What are the best liability limits?
• Can my teen driver be rated on a liability-only vehicle?
• Do I need special endorsements for business use of my vehicle?
• When should I remove comp and collision on my 2004 Lexus LX 470?
• Is motorclub coverage worth it?
• I don’t drive much so do I pay less?
• Is my cargo covered for damage or theft?
• Can I get a multi-policy discount for packaging my home and auto coverage?

If you don’t know the answers to these questions, you might consider talking to an insurance agent. To find lower rates from a local agent, complete this form. It is quick, free and can help protect your family.

Can you really save that much by switching?

Drivers can’t get away from ads that promise big savings by State Farm, Allstate and Geico. All the ads make the point about saving some big amount just by moving your insurance coverage to their company.

How do they all sell you cheaper insurance coverage? This is the trick they use.

Insurance companies offer their best rates for a prospective insured that will not have excessive claims. For instance, a profitable customer could possibly be over the age of 35, has a clear driving record, and does not commute to work. Any customer that hits that “sweet spot” may get the lowest rates and will save quite a bit of money when switching.

Potential insureds who fall short of the ideal profile will see a more expensive rate and ends up with the customer not buying. The trick companies use is to say “people who switch” not “everyone that quotes” save that kind of money. That’s the way companies can truthfully advertise the way they do.

Each company has different criteria, so drivers should compare price quotes frequently. It’s impossible to know which insurance companies will give you the biggest savings.

Coverages available on your insurance policy

Learning about specific coverages of a insurance policy can help you determine the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Usually these coverages are similar to your liability insurance amounts.

Collision coverage – Collision coverage will pay to fix damage to your LX 470 resulting from a collision with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against things such as crashing into a building, sideswiping another vehicle, scraping a guard rail and hitting a parking meter. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. You can also raise the deductible in order to get cheaper collision rates.

Medical payments coverage and PIP – Med pay and PIP coverage provide coverage for bills like X-ray expenses, nursing services and dental work. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers you and your occupants as well as getting struck while a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Comprehensive coverage – Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like a broken windshield, rock chips in glass and hail damage. The highest amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Auto liability insurance – This protects you from damage or injury you incur to people or other property that is your fault. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 100/300/100 which means a limit of $100,000 per injured person, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Another option is one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers claims like medical expenses, legal defense fees and bail bonds. How much liability should you purchase? That is a decision to put some thought into, but buy higher limits if possible.

Don’t be a big spender

Drivers change insurance companies for any number of reasons including questionable increases in premium, lack of trust in their agent, an unsatisfactory settlement offer or not issuing a premium refund. It doesn’t matter what your reason, switching car insurance companies is not as hard as you think.

The cheapest 2004 Lexus LX 470 insurance is definitely available from both online companies and from local insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some companies may not have online price quotes and these smaller companies only sell coverage through independent agencies.

We just showed you a lot of techniques to reduce 2004 Lexus LX 470 insurance auto insurance rates online. The most important thing to understand is the more companies you get premium rates for, the higher the chance of saving money. Consumers may even find the lowest priced car insurance comes from a lesser-known regional company.

More detailed car insurance information can be found at these sites:

• Comprehensive Coverage (Liberty Mutual)
• Coverage Information (Progressive Insurance)
• Choosing an Insurance Company (Insurance Information Insitute)
• Cellphones, Texting and Driving (iihs.org)
• Keeping Children Safe in Crashes Video (iihs.org)
• Credit and Insurance Scores (Insurance Information Insitute)