1991 Lexus LS 400 Insurance Rates – 8 Savings Tips

Sick and tired of being strong-armed to buy car insurance? Your situation is no different than the majority of other car owners.

Having so many insurance providers from which to choose, it can be challenging to choose the lowest price company.

Choosing the best insurance company for you is easy if you know what you’re doing. If you currently have car insurance, you should be able to reduce your rates substantially using this information. But consumers need to learn the way companies price insurance differently and take advantage of how the system works.

The quickest way to get rate comparisons is to know the trick most of the bigger providers pay for the opportunity to provide you with free rate quotes. The only thing you need to do is provide details like how old drivers are, your job, deductibles desired, and how you use your vehicles. That rating data is instantly submitted to multiple companies and they provide comparison quotes instantly.

Discounts can save BIG

Car insurance companies don’t always advertise every available discount in an easy-to-find place, so the following is a list of both the well known and also the lesser-known savings tricks you should be using.

  • Accident Forgiveness – A handful of insurance companies allow you one accident before raising your premiums if you are claim-free for a set time period.
  • Discount for Life Insurance – Larger companies have better rates if you take out life insurance from them.
  • Own a Home – Being a homeowner may earn you a small savings due to the fact that maintaining a home is proof that your finances are in order.
  • Seat Belts Save more than Lives – Drivers who require all occupants to buckle their seat belts can save 10% or more on the medical payments or PIP coverage costs.
  • Student in College – Kids in college living away from home attending college and don’t have a car may be able to be covered for less.
  • Federal Employees – Simply working for the federal government could cut as much as 10% off on LS 400 insurance with a few car insurance companies.
  • Safe Driver Discount – Safe drivers may receive a discount up to 45% less on LS 400 insurance than drivers with accident claims.
  • Passive Restraints and Air Bags – Factory air bags or motorized seat belts can qualify for discounts up to 30%.

A little note about advertised discounts, most discount credits are not given to your bottom line cost. Most only cut individual premiums such as liability, collision or medical payments. So when the math indicates you could get a free car insurance policy, companies wouldn’t make money that way.

Companies that possibly offer these discounts include:

Before buying, ask every prospective company what discounts are available to you. Some discounts might not be offered in your state.

Will just any policy work for me?

When it comes to buying the best insurance coverage coverage, there is no one size fits all plan. Each situation is unique so your insurance needs to address that. For instance, these questions can help discover if your situation could use an agent’s help.

  • Is my ex-spouse still covered by my policy?
  • Should I rate my 1991 Lexus LS 400 as pleasure use or commute?
  • What exactly is covered by my policy?
  • What is the minimum liability in my state?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Do I have coverage if my license is suspended?
  • Does my personal policy cover me when driving out-of-state?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Do I need roadside assistance coverage?

If you can’t answer these questions, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area.

Insurance coverage specifics

Learning about specific coverages of insurance can help you determine the right coverages and proper limits and deductibles. The terms used in a policy can be impossible to understand and coverage can change by endorsement. These are the usual coverages offered by insurance companies.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your Lexus LS 400.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for chiropractic care, prosthetic devices and nursing services. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants in addition to being hit by a car walking across the street. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision

This coverage will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like a broken windshield, vandalism and falling objects. The maximum payout your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Coverage for liability

Liability insurance can cover damage or injury you incur to other people or property that is your fault. This coverage protects you from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 100/300/100 which stand for a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability can pay for claims like medical services, funeral expenses, repair costs for stationary objects and structural damage. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Collision protection

This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like sustaining damage from a pot hole, backing into a parked car and sideswiping another vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible in order to get cheaper collision rates.