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Lexus LS 500 Insurance Cost

Finding cheaper auto insurance by quoting online can be fast and easy and at the same time you will probably save money. The most important part is getting rates from all companies in order to have all possible prices.

If you are a novice to online auto insurance shopping, it's easy to be confused by the hoards of companies competing for your business. Getting lower Lexus LS 500 insurance rates is a fairly straight forward process. All you need to do is invest a little time comparing rates provided by online insurance companies. It is quite easy and can be accomplished by comparing rates here.

Which factors influence car insurance premiums?

Insurance rates on a Lexus LS 500 can be significantly different depending on several factors. Taken into consideration are:

  • NTSB crash rating for your vehicle
  • Deductibles directly impact insurance rates
  • Being married may save money
  • Age of the person who drives the vehicle
  • How many accidents you have had
  • Your profession
  • Not allowing your coverage to lapse can save money
  • Cost to replace your LS 500

One last important factor which can affect the rate you pay on your Lexus is the year of manufacture. Newer models have a higher actual cash value so the cost to replace them may end up costing you more. On the flip side, more recent Lexus vehicles may have options like automatic crash notification, blind-spot warning system, and an advanced theft deterrent system that may help lower rates.

For you to have a better understanding of how rates are influenced for your specific model year, select the year of your vehicle from available model years below.

Liability coverages

This coverage will cover damages or injuries you inflict on people or other property that is your fault. Liability coverage protects against things such as emergency aid, pain and suffering, and medical services. Coverage is generally pretty cheap so purchase as large an amount as possible.

Collision coverage

This will pay to fix damage to your Lexus resulting from a collision with an object or car. You first must pay a deductible then your collision coverage will kick in. Collision coverage for your Lexus LS 500 can be pricey, so you might think about dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to get cheaper Lexus LS 500 insurance cost.

Comprehensive auto insurance

This coverage pays for damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if it's not worth much more than your deductible it's not worth carrying full coverage.

Protection from uninsured/underinsured drivers

This protects you and your vehicle's occupants when other motorists are uninsured or don't have enough coverage. Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That's why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage pay for expenses for things like doctor visits, EMT expenses, and X-ray expenses. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay.

How Much are Lexus LS 500 Insurance Rates?

Popular U.S. Cities for Lexus LS 500 Insurance

  • Colorado Springs, CO
  • San Antonio, TX
  • Long Beach, CA
  • Boston, MA
  • Los Angeles, CA
  • Houston, TX
  • Austin, TX
  • Wichita, KS
  • Albuquerque, NM
  • Omaha, NE
  • Tucson, AZ
  • Phoenix, AZ
  • Charlotte, NC
  • Louisville, KY
  • Nashville, TN