Compare 1993 Lexus LS 400 Insurance Quotes

Expensive insurance coverage can overdraw your personal savings and force you to make sacrifices. Shopping your coverage around is a great way to tighten up your finances.

Big companies like Allstate and Progressive continually bombard you with ad campaigns and it is difficult to ignore the flashy ads and effectively compare rates to find the best deal.

It’s important to take a look at other company’s rates occasionally since insurance rates change quite often. Despite the fact that you may have had the lowest rates for LS 400 coverage six months ago you may be paying too much now. So forget anything you know (or think you know) about insurance coverage because you’re going to learn how to quote online to lower your annual insurance bill.

Low Cost Auto Insurance

When shopping for auto insurance there are multiple ways of comparing price quotes from local auto insurance companies. The fastest way to find the cheapest 1993 Lexus LS 400 insurance rates is to use the internet to compare rates. This can be done in just a few minutes using one of these methods.

  • The easiest and least time consuming way to get quotes is to use a rate comparison form like this one (opens in new window). This type of form keeps you from doing separate quote forms for every auto insurance company. Just one form will get you rate comparisons from all major companies.
  • A different way to compare prices consists of visiting each individual company website and complete a new quote form. For instance, we’ll pretend you want comparison quotes from Nationwide, GEICO and State Farm. To get each rate you have to visit each site and enter your policy data, which is why the first method is more popular. For a handy list of car insurance company links in your area, click here.
  • The least recommended way of comparing rate quotes is to spend time driving to insurance agents’ offices. Shopping for auto insurance online has reduced the need for local agents unless you require the personal advice of a local agent. Drivers can obtain prices from the web but still have the advice of a local agent. We’ll cover that shortly.

Which method you use is up to you, but make darn sure you compare identical coverages with each company. If the quotes have different liability limits you will not be able to decipher which rate is best. Quoting even small variations in limits can result in a big premium difference. Keep in mind that having more price comparisons helps you find lower pricing.

Discounts on Lexus LS 400 insurance

Car insurance is not cheap, but there could be available discounts that can drop the cost substantially. Larger premium reductions will be automatically applied when you purchase, but some must be specifically requested before you get the savings.

  • Multi-policy Discount – If you insure your home and vehicles with one insurance company you could get a discount of approximately 10% to 15%.
  • Seat Belts Save – Using a seat belt and requiring all passengers to use their safety belts can save 10% or more on the medical payments or PIP coverage costs.
  • Safety Course Discount – Successfully completing a driver safety course can save you 5% or more and easily recoup the cost of the course.
  • No Accidents – Good drivers with no accidents pay much less when compared with bad drivers.
  • Good Student Discount – This discount can be rewarded with saving of up to 25%. This discount can apply up to age 25.
  • More Vehicles More Savings – Buying insurance for multiple cars or trucks on one policy may reduce the rate for each vehicle.
  • Drivers Education – Require your teen driver to enroll in driver’s education if it’s offered in school.
  • Military Discounts – Having a family member in the military can result in better rates.
  • Air Bag Discount – Vehicles with factory air bags and/or automatic seat belt systems can qualify for discounts up to 30%.
  • Accident Forgiveness – Some insurance companies will allow you to have one accident before raising your premiums so long as you haven’t had any claims for a particular time prior to the accident.

As a disclaimer on discounts, most discount credits are not given the the whole policy. Most only apply to individual premiums such as medical payments or collision. So despite the fact that it appears having all the discounts means you get insurance for free, companies wouldn’t make money that way. But all discounts will reduce the cost of coverage.

Companies that possibly offer these discounts include:

Check with each company what discounts are available to you. Savings may not be available in your area.

Tailor your coverage to you

When buying the best car insurance coverage for your personal vehicles, there is no single plan that fits everyone. Your needs are not the same as everyone else’s so your insurance needs to address that. For example, these questions could help you determine if you will benefit from professional help.

  • What are the best liability limits?
  • Is my babysitter covered when using my vehicle?
  • Do I have any recourse if my insurance company denies a claim?
  • Do I need motorclub coverage?
  • When does my teenage driver need to be added to my policy?
  • Why am I required to get a high-risk car insurance policy?
  • Does my personal policy cover me when driving out-of-state?

If you’re not sure about those questions but a few of them apply, you may need to chat with a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area.

Some factors that can determine what Lexus LS 400 insurance costs

It’s important that you understand the different types of things that go into determining insurance rates. Having a good understanding of what determines base rates enables informed choices that may reward you with better insurance rates.

  • Lower miles equals lower premium – The higher the mileage driven in a year the more you’ll pay to insure your vehicle. Almost all companies charge to insure your cars based upon how you use the vehicle. Cars and trucks that are left in the garage can get a lower rate as compared to vehicles used primarily for driving to work. Verify your insurance declarations sheet is rated on the correct usage for each vehicle, because it can save money. Incorrect usage on your LS 400 may be costing you.
  • Men are more aggressive – The statistics show women tend to be less risk to insure than men. However, don’t assume that women are BETTER drivers than men. Both sexes are in accidents in similar percentages, but the males cause more damage and cost insurance companies more money. They also receive more costly citations such as DWI and reckless driving.
  • More claims means more premium – If you file claims often, you can expect either policy cancellation or increased premiums. Auto insurance companies provide lower rates to policyholders who are claim-free. Your insurance policy is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
  • Always keep insurance in force – Allowing your insurance policy to lapse will be a guaranteed way to trigger a rate increase. Not only will you pay more, but not being able to provide proof of insurance can result in a revoked license or a big fine.

Don’t be fooled by advertising claims

Insurance companies such as Allstate, GEICO and Progressive regularly use television and radio advertisements. They all seem to have a common claim that you can save if you move to them. How can each company make the same claim? It’s all in the numbers.

Different companies can use profiling for the type of customer that is profitable for them. A good example of a preferred risk might be profiled as between 25 and 40, a clean driving record, and drives less than 7,500 miles a year. Any driver who matches those parameters receives the best rates and is almost guaranteed to pay quite a bit less when switching companies.

Drivers who fall outside the requirements will have to pay a higher premium and ends up with business not being written. The ads say “drivers who switch” not “everyone that quotes” save that much. That’s the way insurance companies can confidently claim big savings.

Because of the profiling, you absolutely need to get a wide range of price quotes. It’s just too difficult to predict which insurance companies will provide you with the cheapest Lexus LS 400 insurance rates.

Coverage specifics

Having a good grasp of car insurance helps when choosing which coverages you need and the correct deductibles and limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Shown next are typical coverage types found on most car insurance policies.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance covers damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for claims like falling objects, damage from getting keyed and rock chips in glass. The maximum payout your car insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses such as EMT expenses, doctor visits, funeral costs and prosthetic devices. The coverages can be used to fill the gap from your health insurance program or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP is not available in all states but can be used in place of medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage provides protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually these limits are identical to your policy’s liability coverage.

Liability auto insurance

Liability coverage provides protection from damages or injuries you inflict on people or other property that is your fault. It protects you against claims from other people, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for things such as medical services, medical expenses, court costs and emergency aid. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Collision coverage protection

This coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims like rolling your car, hitting a parking meter, crashing into a ditch, sustaining damage from a pot hole and sideswiping another vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible in order to get cheaper collision rates.

Get your money’s worth

Discount 1993 Lexus LS 400 insurance can be sourced online in addition to many insurance agents, and you should be comparing both to have the best chance of lowering rates. Some insurance providers do not provide the ability to get a quote online and many times these small, regional companies only sell through independent insurance agents.

Throughout this article, we presented many tips how you can reduce insurance prices online. The key concept to understand is the more times you quote, the better your comparison will be. You may even find the best price on insurance coverage is with some of the smallest insurance companies. Smaller companies may have significantly lower rates on certain market segments compared to the large companies like State Farm or Progressive.

To learn more, feel free to visit the resources below: