How Much Does 1993 Lexus ES 300 Car Insurance Cost?

Looking for better auto insurance rates for your Lexus ES 300? Finding better insurance prices for a Lexus ES 300 can turn out to be an all-consuming task, but you can learn our auto insurance buying tips to find lower rates.

There are more efficient ways to shop for auto insurance and we’ll show you the best way to get price quotes for your Lexus and obtain the lowest price from both online companies and local agents.

It’s a good habit to compare prices at least once a year because rates fluctuate regularly. Even if you think you had the lowest price on ES 300 coverage a year ago other companies may now be cheaper. So just ignore everything you know about auto insurance because you’re going to get a crash course in the things you must know in order to properly buy coverages and cut your premium.

How much can you save with discounts?

Car insurance can cost a lot, but discounts can save money and there are some available to cut the cost considerably. Larger premium reductions will be automatically applied when you purchase, but some must be specifically requested before being credited. If you don’t get every credit you qualify for, you’re paying more than you need to.

  • Homeowners Pay Less – Owning a home may trigger a car insurance policy discount because maintaining a house is proof that your finances are in order.
  • Student in College – Children who attend school more than 100 miles from home and do not have a car can be insured at a reduced rate.
  • Bundle and Save – When you combine your home and auto insurance with one company you could get a discount of 10% to 20% off each policy.
  • Multiple Vehicles – Insuring multiple vehicles on the same car insurance policy can get a discount on all vehicles.
  • Seat Belt Usage – Buckling up and requiring all passengers to use their safety belts could cut 10% or more off your PIP or medical payments premium.
  • Safety Course Discount – Taking a defensive driving course can save you 5% or more if your company offers it.
  • Braking Control Discount – Anti-lock brake equipped vehicles prevent accidents and qualify for as much as a 10% discount.
  • Save with a New Car – Insuring a new car can be considerably cheaper due to better safety requirements for new cars.
  • Discounts for Safe Drivers – Drivers who avoid accidents can get discounts for up to 45% lower rates on ES 300 coverage than less cautious drivers.

It’s important to note that some of the credits will not apply to the entire cost. Most cut individual premiums such as physical damage coverage or medical payments. So despite the fact that it appears all the discounts add up to a free policy, you won’t be that lucky. Any qualifying discounts will cut your overall premium however.

To see a list of insurers offering car insurance discounts, follow this link.

Lexus ES 300 rates influenced by many factors

It’s important that you understand the rating factors that go into determining auto insurance rates. Knowing what determines base rates helps enable you to make changes that can help you get better auto insurance rates.

  • Males pay more for insurance – Statistics have proven that women are safer drivers than men. However, this does not mean men are worse drivers. Men and women tend to get into accidents in similar numbers, but men have costlier accidents. Men also get more serious tickets such as DWI and reckless driving. Young males are several times more likely to be in an accident and are penalized with high auto insurance rates.
  • Where you live – Living in small towns and rural areas is a positive aspect when it comes to auto insurance. Drivers who live in large cities have more traffic problems and a longer drive to work. Lower population means a lower chance of having an accident and also fewer theft and vandalism claims.
  • Teen drivers pay high rates – Teenage drivers have a tendency to be less responsible in a vehicle so auto insurance rates are higher. Mature drivers tend to be more responsible, statistically cause fewer accidents and are safer drivers.
  • Rates may be lower depending on your job – Did you know your job can affect your rates? Careers like doctors, social workers and accountants have higher rates than average because of high stress and lengthy work days. On the flip side, occupations like farmers, athletes and homemakers get better rates on ES 300 coverage.
  • Lower rates with optional equipment – Choosing a vehicle with anti-theft technology or alarm system can help lower your rates. Anti-theft devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart auto theft.
  • Better credit means lower rates – Your credit score is a important factor in your rate calculation. Drivers who have excellent credit tend to be better drivers and file fewer claims as compared to drivers with lower credit scores. Therefore, if your credit score is low, you could potentially save money when insuring your 1993 Lexus ES 300 by improving your credit score.
  • Never go without insurance – Having an insurance coverage lapse is a guaranteed way to trigger a rate increase. Not only will rates go up, getting caught without coverage can result in a steep fine or even jail time.You may then be required to file a SR-22 with your state department of motor vehicles.
  • Lower miles equals lower premium – Driving more miles in a year the more you will pay for auto insurance. Most insurance companies charge to insure your cars based upon how you use the vehicle. Autos that are left in the garage receive lower rates compared to those used for work or business. Having the wrong rating on your ES 300 can result in significantly higher rates. Verify your auto insurance coverage properly reflects the proper vehicle usage, because improper ratings can cost you money.

How much car insurance do I need?

When it comes to buying coverage for your vehicles, there isn’t really a cookie cutter policy. Coverage needs to be tailored to your specific needs.

These are some specific questions can aid in determining whether you will benefit from professional help.

  • Does my policy pay for OEM or aftermarket parts?
  • How high should deductibles be on a 1993 Lexus ES 300?
  • Am I missing any policy discounts?
  • Is my 1993 Lexus ES 300 covered for smoke damage?
  • If I drive on a suspended license am I covered?
  • Am I covered if I crash into my own garage door?
  • Am I covered if I break a side mirror?

If you can’t answer these questions then you might want to talk to an agent. If you don’t have a local agent, fill out this quick form. It’s fast, free and may give you better protection.

Insurance coverage considerations

Understanding the coverages of your insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy.

Medical costs insurance – Coverage for medical payments and/or PIP pay for bills like rehabilitation expenses, nursing services and prosthetic devices. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants as well as getting struck while a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible

Comprehensive or Other Than Collision – This pays for damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like falling objects, theft, vandalism and damage from a tornado or hurricane. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

UM/UIM Coverage – This protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your Lexus ES 300.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Liability – Liability insurance can cover injuries or damage you cause to people or other property in an accident. It protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Alternatively, you may have a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage protects against claims such as repair bills for other people’s vehicles, court costs, bail bonds, medical expenses and structural damage. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as high a limit as you can afford.

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

Collision coverage pays for claims like scraping a guard rail, backing into a parked car, colliding with another moving vehicle and colliding with a tree. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.

Shop Smart and Save

Drivers switch companies for a number of reasons such as unfair underwriting practices, policy cancellation, poor customer service and denial of a claim. Whatever your reason, finding a new insurance company is less work than it seems.

We just presented many ways to shop for 1993 Lexus ES 300 insurance online. The key concept to understand is the more times you quote, the better your chances of lowering your rates. You may be surprised to find that the most savings is with the least-expected company.

When shopping online for insurance, make sure you don’t buy poor coverage just to save money. There are many occasions where an insured dropped liability coverage limits only to find out they didn’t purchase enough coverage. Your strategy should be to buy enough coverage for the lowest price while not skimping on critical coverages.

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