Vehicles > Lexus > LC 500h

Lexus LC 500h Insurance Cost

Finding cheaper auto insurance through online providers can be fast and easy and at the same time you will probably save money. The most important part is to take the time to get as many rate quotes as possible so you can get all possible prices.

If you are a novice to online auto insurance shopping, it's easy to be confused by the hoards of auto insurance companies competing for your business. Finding cheaper coverage prices is surprisingly easy. All you need to do is take the time comparing rates provided by online insurance companies. It is quite easy and can be accomplished by completing this short form.

Which factors influence your insurance rates?

Insurance rates for a Lexus LC 500h can vary widely depending on several factors. Taken into consideration are:

  • A clean driving record keeps rates low
  • Credit rating
  • Male rates may be higher
  • Low deductibles cost more
  • Your vehicle's safety rating
  • No claims lowers premiums
  • Having current coverage saves
  • Whether you rent or own your home

One last important factor which can affect the rate you pay on your Lexus is the year of manufacture. New vehicles have a higher actual cash value so the cost to replace them can inflate annual premiums. On the flip side, newer vehicles may have options like forward-collision avoidance, a telematics system, tire pressure monitors, and autonomous braking which can give discounted 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 auto insurance

This coverage can cover damages or injuries you inflict on other people or property that is your fault. Liability coverage pays for things such as emergency aid, pain and suffering, and medical services. Coverage is generally pretty cheap so purchase higher limits if possible.

Collision protection

This covers damage to your Lexus caused by collision with an object or car. You will need to pay your deductible then your collision coverage will kick in. LC 500h collision insurance is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. It's also possible to choose a higher deductible to get cheaper LC 500h insurance cost.

Comprehensive (Other than Collision)

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle's value is low it's probably time to drop comprehensive insurance.

Uninsured or underinsured coverage

This protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Since a lot of drivers have only the minimum liability required by law, it doesn't take a major accident to exceed their coverage limits. That's why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Medical expense insurance

Coverage for medical payments and/or PIP pay for expenses for things like doctor visits, EMT expenses, and X-ray expenses. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage.

How Much are Lexus LC 500h Insurance Rates?