Lower Your 1996 Lexus ES 300 Insurance Quotes

Want better insurance coverage rates for your Lexus ES 300? Paying for high-priced Lexus ES 300 insurance can overdraw your personal savings, especially in this economy. Shopping your coverage around is a smart way to help make ends meet.

Big-name insurance companies like Geico, Progressive and Allstate increase brand awareness with catchy ads and it is challenging if not impossible to avoid their marketing magic and do the work needed to find the best deal.

Consumers need to get comparison quotes occasionally due to the fact that insurance rates change frequently. Just because you had the lowest rates on ES 300 insurance last year you can probably find a better price now. Forget all the misinformation about insurance coverage because you’re about to find out the quickest way to find the best coverage while lowering your premiums.

If you have car insurance now, you will be able to cut costs considerably using these tips. Finding the best rates is not rocket science. Although drivers must understand the way companies price insurance differently and use this information to your advantage.

Factors determining your Lexus ES 300 insurance premium

Consumers need to have an understanding of the factors that help determine the rates you pay for car insurance. Having a good understanding of what influences your rates helps enable you to make changes that will entitle you to big savings.

  • More miles equals more premium – The more you drive every year the higher your rate. Most insurance companies apply a rate based on their usage. Cars and trucks used primarily for pleasure use qualify for better rates than vehicles that are driven to work every day. Double check that your car insurance policy is rated on the correct driver usage. If your policy improperly rates your ES 300 may be costing you.
  • Lower rates with optional equipment – Owning a car that has an advanced theft prevention system can help lower your rates. Theft prevention features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent your vehicle from being stolen.
  • High deductibles save money – Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Lexus. Examples of covered claims could be colliding with a building, vandalism, and burglary. Your deductibles are how much you are willing to pay out-of-pocket before your car insurance pays a claim. The more expense you’re willing to pay, the bigger discount you will receive on ES 300 insurance.
  • Safer cars cost less to insure – Safer cars are cheaper to insure. Safer cars reduce injuries and fewer injuries translates into fewer and smaller insurance claims passed on to you as lower rates. If the Lexus ES 300 earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
  • Men are more aggressive – Statistics demonstrate women tend to be less risk to insure than men. Now that doesn’t mean women are better drivers. They both tend to get into accidents in similar percentages, but the male of the species tend to have more serious accidents. Men also tend to receive more costly citations like DUI and reckless driving.

Do you qualify for discounts?

Companies offering auto insurance don’t list all their discounts in a way that’s easy to find, so here is a list both well-publicized and the harder-to-find ways to save on insurance.

  • Club Memberships – Participating in certain professional organizations could qualify you for a break when shopping for insurance on ES 300 insurance.
  • Discount for Swiching Early – Some companies give discounts for switching to them before your current policy expires. The savings is around 10%.
  • Accident Waiver – Certain companies permit an accident before raising your premiums as long as you don’t have any claims for a particular time prior to the accident.
  • Multiple Policy Discount – When you combine your home and auto insurance with one company you may save 10% to 20% off each policy.
  • Defensive Driver – Successfully completing a driver safety course could save 5% or more depending on where you live.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Lexus could qualify for better rates on cars that stay parked.
  • Anti-lock Brake Discount – Vehicles with anti-lock braking systems prevent accidents and therefore earn up to a 10% discount.
  • Anti-theft System – Anti-theft and alarm systems help deter theft and qualify for as much as a 10% discount.
  • Use Seat Belts – Requiring all passengers to wear their seat belts could save 15% off your medical payments premium.

Consumers should know that some credits don’t apply to the entire policy premium. Most only apply to individual premiums such as liability, collision or medical payments. So even though it sounds like it’s possible to get free car insurance, insurance companies aren’t that generous.

To see a list of providers with discount insurance rates, click here to view.

Do drivers who switch really save $456 a year?

Insurance companies such as State Farm and Allstate consistently run ads on TV and radio. They all seem to make the same claim about savings if you change your policy. How does each company make almost identical claims? It’s all in the numbers.

All companies have a certain “appetite” for the right customer they prefer to insure. An example of a driver they prefer could possibly be between the ages of 40 and 55, insures multiple vehicles, and chooses high deductibles. Any new insured who meets those qualifications will get very good rates and is almost guaranteed to save when switching.

Drivers who are not a match for the requirements will be quoted more money and this can result in the customer not buying. Company advertisements say “customers that switch” not “everyone that quotes” save that kind of money. That’s the way insurance companies can claim big savings. This emphasizes why you should get a wide range of price quotes. It’s not possible to predict the company that will give you the biggest savings on Lexus ES 300 insurance.

Don’t assume everyone needs the same coverage

When it comes to choosing adequate coverage, there isn’t really a cookie cutter policy. Every situation is different so this has to be addressed. Here are some questions about coverages that can help discover whether your personal situation could use an agent’s help.

  • I have good health insurance, so how much medical payments coverage do I need?
  • Are all vehicle passengers covered by medical payments coverage?
  • When should I drop full coverage on my 1996 Lexus ES 300?
  • Who is covered by my policy?
  • When would I need rental car insurance?
  • Am I insured when driving a different vehicle?
  • Do I benefit by insuring my home with the same company?

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of insurance coverage companies in your area.

Learn about insurance coverages for a Lexus ES 300

Understanding the coverages of insurance helps when choosing which coverages you need and the correct deductibles and limits. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording. These are the normal coverages offered by insurance companies.

Comprehensive (Other than Collision)

Comprehensive insurance pays for damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like rock chips in glass, hail damage, vandalism, damage from a tornado or hurricane and hitting a deer. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Medical expense insurance

Medical payments and Personal Injury Protection insurance reimburse you for expenses for rehabilitation expenses, dental work, doctor visits, surgery and pain medications. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and may carry a deductible

Protection from uninsured/underinsured drivers

Your UM/UIM coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

Auto collision coverage

Collision insurance pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for things such as backing into a parked car, driving through your garage door, scraping a guard rail and rolling your car. This coverage can be expensive, so you might think about dropping it from lower value vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Liability car insurance

This coverage will cover damage that occurs to people or other property. This insurance protects YOU against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 100/300/100 that means you have a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability can pay for things like court costs, attorney fees, loss of income, emergency aid and legal defense fees. How much coverage you buy is a decision to put some thought into, but you should buy higher limits if possible.

Save your cold hard cash

When shopping online for auto insurance, do not reduce needed coverages to save money. There have been many situations where an accident victim reduced full coverage only to find out that the few dollars in savings costed them thousands. Your strategy should be to purchase plenty of coverage for the lowest price.

Cheap 1996 Lexus ES 300 insurance can be purchased both online and with local insurance agents, so compare prices from both to have the best selection. Some insurance providers do not offer you the ability to get quotes online and many times these smaller companies only sell through independent insurance agents.

We just presented a lot of techniques to save on insurance. The key concept to understand is the more quotes you get, the better chance you’ll have of finding lower rates. Drivers may discover the lowest rates come from a company that doesn’t do a lot of advertising. Regional companies may often insure only within specific states and give getter rates than the large multi-state companies such as State Farm and Allstate.

More detailed auto insurance information can be read by following these links: