1999 Lexus LS 400 Insurance Rates

Paying for high-priced Lexus LS 400 insurance can overdraw your bank account, especially in this economy. Comparing price quotes is a smart way to help make ends meet. Because you have many choices of insurance companies, it can be hard to choose the cheapest car insurance company.

Shopping for the lowest cost car insurance coverage is easy if you know what you’re doing. If you have a policy now or need a new policy, you can use these techniques to cut your premiums and possibly find even better coverage. Drivers just need to learn the most effective way to shop for car insurance online.

Discounts are great for lower rates

The cost of insuring your cars can be expensive, but there are discounts available to cut the cost considerably. Larger premium reductions will be automatically applied at the time of purchase, but lesser-known reductions have to be requested specifically prior to receiving the credit. If you’re not getting every credit possible, you are throwing money away.

  • Passive Restraints and Air Bags – Cars that have air bags can receive discounts of more than 20%.
  • Life Insurance – Some companies give a discount if you purchase life insurance from them.
  • Bundle and Save – When you have multiple policies with one insurance company you could get a discount of 10% to 20% off each policy.
  • Defensive Driver – Taking a defensive driving course could save 5% or more and easily recoup the cost of the course.
  • Early Signing – A few companies offer discounts for buying a policy prior to your current policy expiration. This can save 10% or more.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to use their safety belts could save 15% off your medical payments premium.
  • Military Rewards – Having a deployed family member may qualify for rate reductions.
  • Anti-lock Brake System – Cars that have steering control and anti-lock brakes are safer to drive and qualify for as much as a 10% discount.
  • Low Mileage Discounts – Driving fewer miles can qualify you for lower rates on the low mileage vehicles.
  • Drivers Ed for Students – Cut your cost by having your teen driver enroll in driver’s education in high school.

It’s important to understand that some of the credits will not apply to your bottom line cost. Most only reduce individual premiums such as liability and collision coverage. Just because it seems like all those discounts means the company will pay you, it just doesn’t work that way. Any amount of discount will reduce your premiums.

Car insurance companies that possibly offer these money-saving discounts include:

Double check with each company which discounts they offer. All car insurance discounts might not be offered in your area.

Lexus LS 400 insurance rates have many determining factors

Smart consumers have a good feel for the rating factors that play a part in calculating the price you pay for insurance coverage. When you know what positively or negatively influences your rates allows you to make educated decisions that will entitle you to much lower annual insurance costs.

  • Where do you drive? – The more you drive each year the more you will pay for insurance coverage. The majority of insurers price each vehicle’s coverage based upon how you use the vehicle. Cars not used for work or commuting receive lower rates than vehicles that are driven to work every day. Having the wrong rating on your LS 400 may be costing you. Ask your agent if your insurance coverage policy shows the correct driver usage, because improper ratings can cost you money.
  • Your credit rating is important – Having a bad credit rating is a large factor in calculating your insurance coverage rates. Drivers who have excellent credit tend to be better drivers and file fewer claims than drivers with poor credit. If your credit can use some improvement, you could potentially save money when insuring your 1999 Lexus LS 400 by improving your credit score.
  • Where you live is a factor – Being located in a small town can be a good thing when it comes to insurance coverage. Drivers in populated areas tend to have much more traffic and longer commute times. Fewer people means reduced accidents.
  • Optional equipment can affect rates – Owning a car with a theft deterrent system can get you a discount on your insurance coverage. Theft prevention devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent your car from being stolen.

You may need specialized coverage

When it comes to choosing the best insurance coverage, there is no “perfect” insurance plan. Everyone’s situation is a little different and a cookie cutter policy won’t apply. Here are some questions about coverages that may help you determine whether your personal situation will benefit from professional help.

  • Can my babysitter drive my car?
  • Am I covered when driving someone else’s vehicle?
  • Should I put collision coverage on all my vehicles?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • What can I do if my company won’t pay a claim?
  • What discounts do I qualify for?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an agent. If you don’t have a local agent, complete this form or click here for a list of insurance companies in your area. It’s fast, free and can provide invaluable advice.

Do you really save 40% when you switch?

Consumers can’t ignore all the ads for cheaper car insurance from companies such as State Farm and Allstate. All the companies make the same claim of big savings if you move your policy.

How do they all make the same claim?

Insurance companies have a certain “appetite” for the type of driver that earns them a profit. For example, a preferred risk could be between 25 and 40, a clean driving record, and chooses high deductibles. A driver who matches those parameters is entitled to the best price and as a result will probably save a lot of money.

Consumers who don’t meet this ideal profile will be quoted more money which leads to the driver buying from a lower-cost company. The ads state “drivers who switch” but not “drivers who get quotes” save money. That is how insurance companies can advertise the way they do.

This emphasizes why it is so important to get quotes from several different companies. It’s impossible to know which company will provide you with the cheapest Lexus LS 400 insurance rates.

Insurance specifics

Knowing the specifics of a insurance policy can be of help when determining the right coverages for your vehicles. Insurance terms can be impossible to understand and coverage can change by endorsement. These are typical coverages found on most insurance policies.

Medical payments coverage and PIP

Med pay and PIP coverage reimburse you for bills for things like nursing services, X-ray expenses and prosthetic devices. They are used to fill the gap from your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Coverage for liability

This will cover damages or injuries you inflict on other people or property in an accident. This insurance protects YOU from legal claims by others. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 50/100/50 that translate to $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Another option is one number which is a combined single limit which limits claims to one amount without having the split limit caps.

Liability insurance covers things such as medical expenses, pain and suffering, funeral expenses, repair bills for other people’s vehicles and legal defense fees. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive coverage

This covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as hitting a deer, fire damage, damage from flooding and a tree branch falling on your vehicle. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage

This gives you protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Frequently these coverages are identical to your policy’s liability coverage.

Collision coverage protection

This coverage will pay to fix damage to your LS 400 resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims like damaging your car on a curb, hitting a parking meter and hitting a mailbox. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. It’s also possible to raise the deductible to save money on collision insurance.

A penny earned…

We just presented quite a bit of information on how to shop for 1999 Lexus LS 400 insurance online. The most important thing to understand is the more rate quotes you have, the more likely it is that you will get a better rate. Consumers could even find that the best prices are with a company that doesn’t do a lot of advertising. These companies can often insure niche markets at a lower cost compared to the large companies like Allstate or State Farm.

As you go through the steps to switch your coverage, make sure you don’t reduce needed coverages to save money. There are a lot of situations where an insured dropped comprehensive coverage or liability limits only to discover later that the savings was not a smart move. Your aim should be to find the BEST coverage at an affordable rate.

More tips and info about car insurance can be found in the articles below: