2016 Lexus LS 460 Insurance Rates – 9 Policy Discounts

Want cheaper insurance rates for your Lexus LS 460? No car owner loves paying for insurance, especially knowing they could lower their rates if they shopped around.

You have multiple auto insurance companies to pick from, and although it’s a good thing to have a selection, so many choices can make it hard to compare rates.

Discount insurance coverage rates

Some insurers do not list every disount available very well, so we break down some of the best known and the more hidden insurance coverage savings.

• Anti-theft System – Anti-theft and alarm system equipped vehicles have a lower chance of being stolen and can earn a small discount on your policy.
• Defensive Driver Discounts – Taking a class that teaches defensive driver techniques could cut 5% off your bill and make you a better driver.
• Federal Government Employee – Employees or retirees of the government could cut as much as 10% off for LS 460 insurance depending on your insurance coverage provider.
• Discount for Swiching Early – A few companies allow discounts for switching policies before your current policy expires. You can save around 10% with this discount.
• Policy Bundle Discount – If you insure your home and vehicles with one company you may save at least 10% off all policies.
• Active Service Discounts – Being deployed in the military can result in better insurance coverage rates.
• New Vehicle Savings – Insuring a new car can be considerably cheaper because new vehicles have to meet stringent safety requirements.
• Passive Restraint Discount – Factory air bags or motorized seat belts can receive discounts of more than 20%.
• Drive Safe and Save – Insureds who avoid accidents could pay up to 40% less for LS 460 insurance compared to rates paid by drivers with frequent claims.

You can save money using discounts, but most discounts do not apply the the whole policy. Most only apply to individual premiums such as liability and collision coverage. Even though the math looks like it’s possible to get free car insurance, you’re out of luck.

Companies and some of their more popular discounts are detailed below.

• State Farm includes discounts for passive restraint, student away at school, good student, multiple policy, and multiple autos.
• Progressive has savings for multi-policy, continuous coverage, online quote discount, homeowner, multi-vehicle, and good student.
• Progressive policyholders can earn discounts including multi-vehicle, homeowner, good student, online signing, multi-policy, and online quote discount.
• MetLife may offer discounts for claim-free, multi-policy, defensive driver, good student, accident-free, good driver
• Farm Bureau may include discounts for youthful driver, safe driver, good student, renewal discount, and driver training.
• Geico offers discounts including five-year accident-free, daytime running lights, anti-theft, emergency military deployment, defensive driver, federal employee, and anti-lock brakes.
• SAFECO offers discounts for anti-lock brakes, bundle discounts, anti-theft, accident prevention training, teen safety rewards, and drive less.

When getting a coverage quote, ask every prospective company which discounts you qualify for. Depending on the company, some discounts might not apply in your area.

Tailor your insurance coverage to you

When it comes to choosing the best insurance coverage for your personal vehicles, there really is no one size fits all plan. Each situation is unique so your insurance needs to address that. For example, these questions could help you determine if your insurance needs may require specific advice.

• Do I need replacement cost coverage on my 2016 Lexus LS 460?
• Does my 2016 Lexus LS 460 qualify for pleasure use?
• Is my Lexus LS 460 covered if I use it for business?
• Is my 2016 Lexus LS 460 covered for flood damage?
• Will my vehicle be repaired with OEM or aftermarket parts?
• What is covered by UM/UIM coverage?
• Can I afford low physical damage deductibles?
• Are all vehicle passengers covered by medical payments coverage?

If you can’t answer these questions but one or more may apply to you, you may need to chat with a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier

Car insurance 101

Learning about specific coverages of your 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 confusing and nobody wants to actually read their policy. Listed below are typical coverage types found on most insurance policies.

UM/UIM Coverage – This coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries and damage to your Lexus LS 460.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Most of the time these coverages do not exceed the liability coverage limits.

Medical costs insurance – Med pay and PIP coverage kick in for immediate expenses like dental work, pain medications, X-ray expenses, prosthetic devices and funeral costs. They can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision – Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like vandalism, hitting a deer, a broken windshield, hitting a bird and fire damage. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Liability auto insurance – This provides protection from damages or injuries you inflict on a person or their property. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage pays for claims like repair bills for other people’s vehicles, medical expenses, bail bonds, medical services and structural damage. How much liability coverage do you need? That is up to you, but you should buy as much as you can afford.

Collision – Collision insurance covers damage to your LS 460 from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as backing into a parked car, hitting a parking meter and hitting a mailbox. This coverage can be expensive, so you might think about dropping it from older vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Don’t break the bank

Low-cost 2016 Lexus LS 460 insurance is possible online and from local insurance agents, and you should compare rates from both so you have a total pricing picture. Some insurance providers may not have rates over the internet and many times these smaller providers work with independent insurance agents.

When getting auto insurance quotes online, never skimp on critical coverages to save a buck or two. There have been many situations where an insured cut liability limits or collision coverage to discover at claim time that their decision to reduce coverage ended up costing them more. The proper strategy is to buy the best coverage you can find for the lowest price, but don’t skip important coverages to save money.

You just read many tips how you can lower your 2016 Lexus LS 460 insurance car insurance rates. The key thing to remember is the more rate quotes you have, the better chance you’ll have of finding the cheapest auto insurance. You may be surprised to find that the most savings is with some of the smallest insurance companies. Smaller companies can often insure niche markets at a lower cost than the large multi-state companies such as Progressive or Geico.

To learn more, take a look at the following helpful articles:

• Get the Right Protection (InsureUonline.org)
• Auto Theft Statistics (Insurance Information Insitute)
• How to Avoid Common Accidents (State Farm)
• Rental Reimbursement Coverage (Allstate)
• Smart Auto Insurance Tips (Insurance Information Insitute)
• Collision Coverage (Liberty Mutual)