2010 Lexus LS 460 Insurance Cost – 7 Ways to Save

Tired of trying to scrape together enough money to make your insurance payment? Your situation is no different than the majority of other consumers.

Big-name insurance companies like Progressive, State Farm and Geico continually hit you with catchy ads and consumers find it hard to separate fact from fiction and do the work needed to find the best deal.

If you have car insurance now, you stand a good chance to be able to reduce your rates substantially using these tips. Buying car insurance is quite easy. But vehicle owners do need to understand how insurance companies price online insurance because it can help you find the best coverage.

Insurance discounts help lower rates

Some insurers do not advertise all available discounts very clearly, so we took the time to find both the well known and also the lesser-known insurance savings.

  • Distant Student Discount – Any of your kids living away from home attending college and won’t have access to an insured vehicle can be insured at a reduced rate.
  • Cautious Drivers – Drivers without accidents could pay up to 40% less on LS 460 coverage than less cautious drivers.
  • Claim-Free Discount – Good drivers with no accidents get the best insurance rates as compared to accident-prone drivers.
  • Passenger Safety Discount – Vehicles equipped with air bags and/or automatic seat belt systems can qualify for discounts as much as 30%.
  • Seat Belt Discounts – Using a seat belt and requiring all passengers to fasten their seat belts can save a little off the PIP or medical payment premium.
  • Military Rewards – Having a deployed family member can result in better prices.
  • Payment Discounts – If you can afford to pay the entire bill rather than spreading payments over time you can avoid the installment charge.

As is typical with insurance, most of the big mark downs will not be given to the entire cost. Most only reduce specific coverage prices like medical payments or collision. Just because it seems like all those discounts means the company will pay you, it just doesn’t work that way. Any amount of discount will definitely reduce the premium cost.

Insurance companies that may include some of the above discounts are:

If you need cheap car insurance quotes, ask every company how many discounts you can get. A few discounts may not be offered everywhere.

The ad said I’d save $451 a year!

Big name companies like Progressive, Allstate and Geico constantly bombard you with television, radio, and online ads. They all advertise claims that you’ll save big after switching your car insurance coverage to their company. How is it possible that every company can claim to save you money? It’s all in the numbers.

Insurance providers give the best rates for a prospective insured that earns them a profit. For example, a desirable risk might have to be married and over the age of 30, has no driving citations, and drives a lower-performance vehicle. Anyone who fits that profile will probably get the lowest rates and will probably pay quite a bit less when switching companies.

People who cannot meet the “perfect” profile will get higher premiums which usually ends up with the customer not purchasing. The trick is to say “people that switch” not “all people who quote” save that kind of money. That is how insurance companies can confidently advertise the way they do. Different companies use different criteria so drivers must do a rate comparison at every renewal. Because you cannot predict with any certainty which company will have the best premium rates at this point in time.

Which is the best insurance?

When it comes to buying the best insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Every situation is different so your insurance needs to address that. These are some specific questions may help you determine if your insurance needs might need an agent’s assistance.

  • Am I covered when driving a rental car?
  • Am I covered when using my vehicle for business?
  • What is the ISO rating for a 2010 Lexus LS 460?
  • What is roadside assistance coverage?
  • Why am I required to buy high-risk coverage?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Is a fancy paint job covered?
  • Are rock chip repairs covered?

If you can’t answer these questions but one or more may apply to you, you might consider talking to an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies.

Car insurance coverage options for a 2010 Lexus LS 460

Learning about specific coverages of your car insurance policy can be of help when determining the best coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are typical coverages offered by car insurance companies.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for things like prosthetic devices, nursing services, X-ray expenses, EMT expenses and hospital visits. They can be used in conjunction with a health insurance program or if you do not have health coverage. It covers not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Collision coverage – Collision coverage pays for damage to your LS 460 from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers things like colliding with a tree, sustaining damage from a pot hole and damaging your car on a curb. This coverage can be expensive, so you might think about dropping it from vehicles that are older. It’s also possible to bump up the deductible to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM) – This protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your 2010 Lexus LS 460.

Since 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 very important.

Comprehensive insurance – Comprehensive insurance coverage covers damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like rock chips in glass, damage from flooding, hitting a bird and damage from a tornado or hurricane. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Liability car insurance – This coverage can cover damage that occurs to a person or their property in an accident. Split limit liability has three limits of coverage: 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 which stand for a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers claims such as structural damage, repair costs for stationary objects, funeral expenses, attorney fees and emergency aid. How much liability coverage do you need? That is up to you, but consider buying as much as you can afford.

Knowledge is power

As you go through the steps to switch your coverage, do not buy lower coverage limits just to save a few bucks. There are too many instances where an insured dropped comprehensive coverage or liability limits to discover at claim time that the savings was not a smart move. The proper strategy is to purchase plenty of coverage at the best cost, but do not skimp to save money.

We covered many ways to reduce 2010 Lexus LS 460 insurance car insurance rates online. It’s most important to understand that the more rate comparisons you have, the higher your chance of finding low cost car insurance. You may be surprised to find that the lowest car insurance rates are with a company that doesn’t do a lot of advertising. These smaller insurers may have significantly lower premium rates on certain market segments than the large multi-state companies such as Allstate and Progressive.

More tips and info about insurance is located in these articles:

Comments About 2010 Lexus LS 460 Insurance

  1. Nobuko Powers

    I found pretty cheap rate quotes for a 2010 Lexus LS 460 in Baltimore, MD. Ended up at roughly $200 every six months with AIG Insurance. I have kids on my policy, too. It’s easy to compare rates online now.

  2. Son Dominguez

    Nice info. Proud to be from Indianapolis, IN. Don’t remember every company but I ended up saving about $20 each month. Left Allstate to switch. Ask about discounts. Not sure about claim service.

  3. Julietta Cameron

    I got decent rates for a 2010 Lexus LS 460 in Sioux Falls, SD. Ended up at darn near $440 every six months with American Family. God forbid I actually have a claim.

  4. Hazel Rosario

    I’m in the south part of Minneapolis, MN. Not sure of all the companies but I ended up saving about $70 each month.

  5. Vonnie Woodward

    I live east of Albuquerque, NM. Quoted with MetLife, Encompass, Allstate, and AIG Insurance for my 2010 Lexus LS 460 and saved $577 a year. Insured with Sentry before. I recommend comparing lots of rates.

  6. Floy Woods

    Good detail in your article. I live just outside Omaha, NE. Received prices from Allstate, AIG Insurance, Encompass, and Liberty Mutual for my 2010 Lexus LS 460 and saved just over $300 a year. Even increased coverage a bit.

  7. Jacqui Kirk

    Does Progressive offer new car replacement?

  8. Charmain May

    From Hartford, Connecticut. Received quotes from Allstate, AAA, and some I forget for my Lexus and I’m now saving $34 a month. Was with Esurance. I’m a pretty low risk driver.

  9. Dalene Howell

    I’m looking for cheaper coverage. Checking in from Hilo, HI. I don’t recall every quote but I ended up saving about $60 each month. Was with Allstate. Even increased my liability limits.

  10. Darlena Christensen

    Nice post. I live south of Manchester, NH. I quoted with Safeco, Erie, GEICO, and AAA for my LS 460 and saved just over $490 a year. I have kids on my policy, too. I recommend comparing lots of rates.

  11. Wesley Ellison

    Will 21st Century give discounts for good grades?

  12. Johnna Soto

    I’m looking for cheaper coverage. I live on the east side of Oklahoma City, OK. Got quotes from GEICO, American Family, and some I forget for my Lexus and I think I saved about $30 each month. Was with Auto-Owners. Not sure if rates are cheaper online or through an agent.

  13. Rosana Donaldson

    Great info, thanks for posting. Went with 21st Century for my Lexus and cut my rates about $170 a year. I have a teen driver too. Can still barely afford it.

  14. Hildegarde Franklin

    Hope my car insurance gets cheaper. I’m just east of Cincinnati, Ohio. I got free quotes from AIG Insurance, Safeco, and a few others for my LS 460 and cut my rates about $150 a year. They have free quotes online.

  15. Charleen Black

    In Madison, WI, GEICO is a good choice. They have a lot of discounts available.

  16. Fallon Barker

    I found pretty cheap rate quotes for a 2010 Lexus LS 460 in Hartford, CT. Ended up at right around $190 every six months with AIG Insurance. Insured with Liberty Mutual before. Have a couple speeding tickets too.

  17. Casey Fitzgerald

    Cheaper car insurance is a myth. I live on the west side of Mobile, AL. I quoted with Allstate, AAA, Farmers, and Hartford for my Lexus and I think I cut my rates about $20 each month.

  18. Milan Peterson

    Thought I’d throw in my experience. I live just outside Charleston, SC. Quoted a bunch of companies. Saved darn near $30 a month. Progressive was the most affordable for me. I get a discount for insuring multiple vehicles.

  19. Lyndsay Fitzgerald

    Here’s my quote info. I’m in the west part of Seattle, Washington. Got quotes from Progressive, AIG Insurance, and some I forget for my 2010 Lexus LS 460 and I think I saved around $70 each month. Insured with Farmers before. Hardly afford to drive anymore.

  20. Maybell Hancock

    In Bangor, ME, Progressive auto insurance rates for my 2010 Lexus LS 460 were good. Left MetLife to switch. A clean driving record helps.

  21. Fermin Stafford

    Lifelong resident of Dover, DE. I got free quotes from Nationwide, Encompass, State Farm, and AIG Insurance for my 2010 Lexus LS 460 and saved just over $220 a year. I get lower rates because of my clean driving record. Still almost need a second mortgage.

  22. Ranae Salas

    21st Century quoted the best rates in Washington.

  23. Jacklyn Jones

    I’m just west of Gulfport, Mississippi. Received prices from Mercury, Eastwood, 21st Century, and AIG Insurance for my LS 460 and saved just over $520 a year. I have several vehicles insured with them. You can get a rate quote online.

  24. Cordelia Lindsay

    What does medical payments cover?