2018 Lexus LC 500 Insurance Cost – 7 Ways to Save

Are you burned out from scraping the payment together to keep your car insured? You are in the same boat as the majority of other people.

Multiple insurers compete for your insurance dollar, so it’s not easy to compare every provider and uncover the absolute best rate

If you currently have a car insurance policy, you should be able to reduce your rates substantially using this information. Buying car insurance is not rocket science. But car owners need to have an understanding of how insurance companies market insurance on the web and take advantage of how the system works.

Buy car insurance online

The are a couple different ways to compare prices from lots of car insurance companies. The easiest way to find cheaper 2018 Lexus LC 500 rates is simply to get online rate quotes. This is quite simple and can be completed by using one of the methods below.

  1. If you are pressed for time, the simplest way to get quotes for comparison is a comparison rater form click here to open form in new window. This quick form eliminates the need for repetitive form submissions for each company you want a rate for. One quote request gets insurance cost estimates from several companies.
  2. A more time consuming way to get comparison quotes requires visiting each individual company website to complete a price quote. For sake of this example, let’s say you are doing a rate comparison from Nationwide, Progressive and State Farm. To find out each rate you need to spend time on each company’s site and punch in your information repeatedly, which is why the first method is quicker. For a list of links to insurance companies in your area, click here.
  3. Even if you have time, the least recommended way to shop rates is calling or driving to and from local insurance agencies. Shopping for car insurance online reduces the need to sit down with an agent unless your situation requires the professional assistance that only a licensed agent can provide. It is possible to get prices online but buy from a local insurance agent.

Whichever way you use, ensure you are comparing exactly the same information on every quote you get. If you use different data then you won’t be able to determine which rate is truly the best. Even a minor difference in limits may result in a large different in cost. And when price shopping your coverage, making a lot of price comparisons helps improve the odds of finding the best offered rates.

Are you qualifying for every discount?

Insurance is not an enjoyable expense, but you may find discounts that can help lower your rates. A few discounts will be applied at the time of quoting, but occassionally some discounts must be specifically requested before being credited.

  • Senior Citizen Discount – If you’re over the age of 55, you may receive better insurance rates on LC 500 coverage.
  • Homeowners Pay Less – Owning your own home or condo can save you money because maintaining a house demonstrates responsibility.
  • Driving Data Discount – Drivers who agree to allow their company to monitor their driving habits by using a telematics device like In-Drive from State Farm and Progressive’s Snapshot could see a rate decrease if they exhibit good driving behavior.
  • Life Insurance – Larger companies have a small discount if you purchase a life policy as well.
  • Paperless Signup – A few larger online companies will provide an incentive shop auto insurance on their website.
  • Bundled Policy Discount – If you can combine your homeowners and auto policy and insure them with the same company you could get a discount of over 10 percent off each policy depending on the company.
  • Driver Training Discounts – Taking part in a driver safety course is a good idea and can lower rates depending on where you live.

Policy discounts save money, but most of the big mark downs will not be given the the whole policy. Some only apply to the cost of specific coverages such as medical payments or collision. So even though you would think you can get free auto insurance, insurance companies aren’t that generous.

To choose companies that offer some of these discounts, follow this link.

When in doubt talk to an agent

When it comes to choosing the best insurance coverage, there really is not a “perfect” insurance plan. Everyone’s needs are different and a cookie cutter policy won’t apply. Here are some questions about coverages that can help discover whether or not you would benefit from professional advice.

  • Am I covered by my spouse’s policy after a separation?
  • Am I covered when driving someone else’s vehicle?
  • Am I covered if I crash into my own garage door?
  • Will I lose any money if I cancel my policy before it expires?
  • Do I need higher collision deductibles?
  • How many claims can I have before being cancelled?

If it’s difficult to answer those questions, you may need to chat with a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier

What insurance coverages do you need?

Having a good grasp of insurance can be of help when determining which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Listed below are the usual coverages available from insurance companies.

Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and also any damage incurred to your Lexus LC 500.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family. Frequently the UM/UIM limits are identical to your policy’s liability coverage.

Liability auto insurance – Liability coverage can cover damages or injuries you inflict on people or other property. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 25/50/25 which stand for $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Another option is a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.

Liability coverage pays for things like emergency aid, bail bonds and attorney fees. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as much as you can afford.

Comprehensive insurance – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers things like hail damage, hitting a deer, a tree branch falling on your vehicle and rock chips in glass. 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 it’s probably time to drop comprehensive insurance.

Collision coverage – This covers damage to your LC 500 resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things such as sideswiping another vehicle, damaging your car on a curb, sustaining damage from a pot hole and rolling your car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to bump up the deductible to save money on collision insurance.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage reimburse you for immediate expenses like rehabilitation expenses, ambulance fees, doctor visits, pain medications and funeral costs. They are used to fill the gap from your health insurance plan or if you are not covered by health insurance. Coverage applies to you and your occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not an option in every state and may carry a deductible

Be a money saver!

As you shop your coverage around, you should never buy poor coverage just to save money. There are too many instances where an insured cut physical damage coverage only to find out that the small savings ended up costing them much more. Your strategy should be to buy a smart amount of coverage for the lowest cost, but don’t skip important coverages to save money.

We’ve covered quite a bit of information on how to save on 2018 Lexus LC 500 insurance. The key thing to remember is the more times you quote, the higher your chance of finding affordable auto insurance. Consumers could even find that the lowest prices come from the smaller companies. Regional companies can often insure niche markets at a lower cost than their larger competitors like State Farm, Geico and Nationwide.

Some companies do not provide online price quotes regional carriers only sell coverage through independent insurance agencies. Low-cost 2018 Lexus LC 500 insurance can be purchased online as well as from insurance agents, so you need to compare both to have the best chance of lowering rates.

Additional information can be found below:

Comments About 2018 Lexus LC 500 Insurance

  1. Kaylene Anthony

    I found cheap 2018 Lexus LC 500 insurance in Tulsa, OK with 21st Century.

  2. Kevin Delgado

    From northwest of Baton Rouge, LA. Compared quite a few companies. Saved right around $50 a month. State Farm was the cheapest option for me. Left 21st Century to switch. Hopefully won’t need it. I used their online quote form to compare rates.

  3. Laci Benson

    Like your site, BTW. Live in the western part of Grand Rapids, MI. I don’t recall every quote but I ended up saving about $70 each month.

  4. Kendall Houston

    Nice info. I live in Warren, MI. Quoted rates from 21st Century, Auto-Owners, and Eastwood for my 2018 Lexus LC 500 and saved just over $560 a year. Have a couple speeding tickets too.

  5. Lindsay Holman

    I got a good deal I think. Lifelong resident of Owensboro, KY. Got quotes with 21st Century, Encompass, and Liberty Mutual for my Lexus and I think I saved about $60 each month. Moved home policy as well.

  6. Lucille Johns

    Where is cheaper car insurance? Live in Oklahoma City, OK. Can’t remember who all I quoted but I ended up saving about $60 each month. I increased coverages a little too. Bought it from an online quote.

  7. Valencia Ortiz

    From northwest of San Jose, CA. Got car insurance quotes with Travelers, AAA, Hanover, and Safeco for my Lexus and I think I cut my rates about $60 each month. Was with Sentry. Hardly afford to drive anymore.

  8. Edgar Norris

    Good site, thanks. From west side of Hilo, Hawaii. I compared lots of rates. Saved about $40 a month. 21st Century was the cheapest option for me. Was with USAA. BTW speeding tickets are not good. God forbid I actually have a claim.

  9. Beatris Byrd

    From north side of Fairbanks, AK. Got prices from GEICO, Erie, and GMAC for my LC 500 and saved $435 a year. Good savings if you bundle. I used their website to get prices.

  10. Gayla Odonnell

    In Greensboro, NC, Progressive auto insurance rates for my 2018 Lexus LC 500 were good.

  11. Elsa Waller

    If you don’t have tickets and are close to Lexington, KY, check out Progressive. You might get cheaper rates. I increased coverages a little too.

  12. Renita Johns

    I found pretty cheap rate quotes for a 2018 Lexus LC 500 in Concord, NH. Ended up at darn near $260 every six months with AAA. Did it all online.

  13. Chase Heath

    Does State Farm insure teenage drivers?

  14. Scottie Ratliff

    I got quite a few price quotes for a 2018 Lexus LC 500 in Great Falls, MT. Ended up at roughly $500 every six months with AAA. Ask about discounts. Not sure about claim service.

  15. Danielle Hammond

    Enjoyed the article. I’m in the suburbs of Lincoln, Nebraska. Got free quotes online for a 2018 Lexus LC 500. Ended up at about $490 savings annually. Went with State Farm. They have a lot of discounts available.

  16. Jude Waller

    If you have a good history and live near Bangor, Maine, check out Progressive. I saved quite a bit. Highly recommended.

  17. Ferdinand Acevedo

    Can I get replacement cost coverage for a 2018 Lexus LC 500?