1997 Lexus LS 400 Insurance Quotes – 9 Tips to Save

Looking for lower auto insurance rates for your Lexus LS 400? Have you fallen victim to overpriced auto insurance? Trust us, many consumers feel financially strained by their auto insurance policy. You have so many auto insurance companies to pick from, and even though it’s nice to have a choice, it can be more difficult to compare rates.

It’s a good habit to shop coverage around at least once a year since rates change frequently. Even if you got the best rates on LS 400 insurance on your last policy you may be paying too much now. You can find a lot of misleading information regarding auto insurance on the internet, so I’m going to show you the easiest ways to find cheap auto insurance.

How to Compare Auto Insurance Quotes

Finding cheaper 1997 Lexus LS 400 auto insurance prices is a fairly straight forward process. Consumers just need to spend a few minutes on the computer comparing price quotes online with multiple companies. This is very easy and can be done in several different ways.

  • One of the best ways to compare a lot of rates at once is to use a rate comparison form like this one (opens in new window). This type of form prevents you from having to do separate quotation requests for each company you want a rate for. One simple form will return price quotes direct from many companies.
  • Another way to get comparison quotes is to take the time to go to each company website to complete a price quote. For sake of this example, let’s assume you want rates from Progressive, State Farm and Liberty Mutual. To find out each rate you need to spend time on each company’s site to enter your coverage information, and that’s why the first method is more popular.

    For a list of links to companies insuring cars in your area, click here.

  • The least recommended method to compare rates is to waste gas driving to insurance agents’ offices. Shopping for auto insurance online has reduced the need for local agents unless you want the professional advice of a local agent. However, consumers can price shop online but still have the advice of a local agent and we’ll talk about that later.

Whichever method you choose, be sure to compare exactly the same coverages and limits for each price quote. If you have different deductibles it will be very difficult to determine which rate is truly the best.

Discounts to lower 1997 Lexus LS 400 insurance rates

Auto insurance companies don’t list every available discount in a way that’s easy to find, so the following is a list of both well-publicized and the harder-to-find discounts you could be receiving. If you aren’t receiving every discount available, you’re paying more than you need to.

  • Save over 55 – If you qualify as a senior citizen, you may qualify for a discount up to 10% on LS 400 insurance.
  • New Vehicle Savings – Adding a new car to your policy is cheaper due to better safety requirements for new cars.
  • Homeowners Discount – Being a homeowner may earn you a small savings because maintaining a house is proof that your finances are in order.
  • No Accidents – Good drivers with no accidents pay much less as compared to accident-prone drivers.
  • Service Members Pay Less – Having a deployed family member could mean lower rates.
  • Payment Discounts – If paying your policy premium upfront instead of making monthly payments you could save up to 5%.
  • Club Memberships – Participating in a qualifying organization could trigger savings on your policy on LS 400 insurance.
  • College Student – Children who attend school more than 100 miles from home and do not have a car can receive lower rates.
  • Government Employees – Being employed by or retired from a federal job can save as much as 8% on LS 400 insurance with select insurance companies.

Keep in mind that many deductions do not apply to the entire cost. Most only apply to the cost of specific coverages such as liability and collision coverage. So even though it sounds like all the discounts add up to a free policy, it doesn’t quite work that way.

For a list of companies with the best auto insurance discounts, click here to view.

Tailor your coverage to you

When it comes to buying coverage, there really is not a cookie cutter policy. Everyone’s situation is unique so your insurance should reflect that For instance, these questions might help in determining whether or not you will benefit from professional help.

  • Am I covered when driving someone else’s vehicle?
  • Why do I need rental car insurance?
  • What is the rate difference between pleasure use and commuting?
  • Do I need replacement cost coverage?
  • Am I covered if I wreck a rental car?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Is my 1997 Lexus LS 400 covered for smoke damage?
  • Is my custom paint covered by insurance?
  • What discounts do I qualify for?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area. It only takes a few minutes and can provide invaluable advice.

Parts of your insurance policy

Learning about specific coverages of your policy can help you determine the right coverages and the correct deductibles and limits. Policy terminology can be confusing and nobody wants to actually read their policy. Listed below are the usual coverages offered by insurance companies.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance kick in for immediate expenses for things like rehabilitation expenses, pain medications, surgery, X-ray expenses and doctor visits. They are often used to fill the gap from your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay

Coverage for collisions

Collision coverage covers damage to your LS 400 caused by collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as colliding with a tree, damaging your car on a curb, crashing into a ditch, scraping a guard rail and driving through your garage door. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. You can also choose a higher deductible to save money on collision insurance.

Coverage for liability

Liability coverage provides protection from damage or injury you incur to a person or their property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability insurance covers claims like emergency aid, loss of income and bail bonds. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive auto coverage

This will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as theft, vandalism and rock chips in glass. The maximum payout your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Save your cold hard cash

As you prepare to switch companies, never sacrifice coverage to reduce premiums. There are many occasions where someone sacrificed collision coverage only to regret at claim time that they should have had better coverage. Your aim should be to buy enough coverage at an affordable rate.

Discount 1997 Lexus LS 400 insurance can be purchased from both online companies and also from your neighborhood agents, so you should be comparing quotes from both to have the best rate selection. Some companies may not provide the ability to get a quote online and many times these regional insurance providers only sell through independent insurance agents.

More detailed insurance coverage information is available by following these links: