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Lexus LS 500 Insurance Rates

You have lots of choices when buying insurance for your Lexus vehicle. You can get prices from a local agent or shop online to check prices from car insurance companies. Buying car insurance from online rate quotes is easy and at the same time you might just save a little.

People who are new to comparison shopping may think buying low-cost Lexus LS 500 insurance is more work than they want to put in. When shopping for car insurance there are multiple ways of comparing rates and find the best price. The recommended way to find competitive Lexus LS 500 insurance cost is to get quotes online. It is quite easy and can be accomplished by completing this short form.

What factors impact the rate you pay?

Auto insurance rates on a Lexus LS 500 will vary greatly based upon several criteria. Taken into consideration are:

  • The performance level of your LS 500
  • Your accident history
  • Multiple policies can save money
  • Pleasure use vs. commuting use
  • Special coverage such as replacement cost
  • What you do for a living
  • Insurance coverage level
  • Whether you rent or own your home

A final factor that helps determine Lexus LS 500 insurance rates is the model year. Older models have a reduced actual cash value in comparison to older models so the cost to replace them will push premiums down. Although newer vehicles may have a trim level with safety features included like adaptive cruise control, anti-lock brakes, and active head restraints so those may give discounted rates.

To get a better understanding how much rates will be for your vehicle, select the year of your LS 500 from available model years below.

Liability insurance - Liability insurance can cover damages or injuries you inflict on people or other property in an accident. Liability insurance covers things such as emergency aid, pain and suffering, and medical services. Liability insurance is relatively cheap so consider buying as much as you can afford.

Collision coverage - Collision insurance covers damage to your Lexus resulting from a collision with an object or car. You have to pay a deductible and then insurance will cover the remainder. Collision coverage for your Lexus LS 500 can be pricey, so consider dropping it from vehicles that are older. It's also possible to bump up the deductible in order to get cheaper Lexus LS 500 insurance rates.

Comprehensive protection - This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by your Lexus LS 500 comprehensive insurance. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle's value is low it's probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist coverage - This protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important.

Medical expense coverage - Coverage for medical payments and/or PIP provide coverage for expenses (i.e. doctor visits, EMT expenses, and X-ray expenses). They are used in conjunction with a health insurance plan or if you are not covered by health insurance. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage.

How Much are Lexus LS 500 Insurance Rates?