Compare 1998 Lexus ES 300 Car Insurance Quotes

Want the cheapest insurance coverage rates for your Lexus ES 300? Have you had enough of being strong-armed to buy car insurance? Your situation is no different than many other drivers. With so many options when it comes to insurance coverage, it can be challenging to find the cheapest insurance company.

Factors influencing Lexus ES 300 insurance rates

Smart consumers have a good feel for the different types of things that come into play when calculating the price you pay for car insurance. Understanding what impacts premium levels helps enable you to make changes that can help you get much lower annual insurance costs.

The list below includes a few of the “ingredients” that factor into your rates.

  • Car features impact rates – Choosing a vehicle that has an advanced theft prevention system can get you a discount on your car insurance. Theft prevention devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart your vehicle from being stolen.
  • Pleasure use or commuting – The higher the mileage driven every year the more you’ll pay to insure your vehicle. The majority of insurers apply a rate based upon how you use the vehicle. Vehicles used primarily for pleasure use get more affordable rates as compared to vehicles used primarily for driving to work. Double check that your car insurance declarations sheet properly reflects the correct usage for each vehicle. Incorrect usage on your ES 300 can result in significantly higher rates.
  • Rural vs Urban Areas – Living in small towns and rural areas can save you money when talking about car insurance. Urban drivers have traffic congestion and much longer commute distances. Fewer drivers translates into fewer accidents.
  • Rates may be lower depending on your job – Jobs such as real estate brokers, business owners and financial analysts are shown to have higher average rates attributed to stressful work requirements and lengthy work days. Conversely, professions such as actors, engineers and retirees pay the least on ES 300 insurance.
  • Increase deductibles and save – Insurance for physical damage to your car, also known as collision and other-than-collision, protects your Lexus from damage. Examples of covered claims could be a windshield shattered by a rock, damage from fire, and windstorm damage. Deductibles for physical damage are the amount of money you are required to spend out-of-pocket before your car insurance pays a claim. The more expense you’re willing to pay, the lower your rates will be on ES 300 insurance.

Discounts are great for lower rates

Insuring your vehicles can cost a lot, but there are discounts available that you may not even be aware of. Some trigger automatically when you purchase, but lesser-known reductions have to be inquired about before being credited. If you’re not getting every credit you qualify for, you’re just leaving money on the table.

  • Safe Driver Discount – Drivers who don’t get into accidents may save up to 50% more on ES 300 insurance than drivers with accident claims.
  • Seat Belt Usage – Buckling up and requiring all passengers to buckle their seat belts can save up to 15% off your medical payments premium.
  • Low Mileage Discounts – Driving fewer miles could qualify for discounted rates on garaged vehicles.
  • Safety Course Discount – Taking a driver safety course can save you 5% or more and easily recoup the cost of the course.
  • Student in College – Youth drivers who are attending college and do not have access to a covered vehicle can receive lower rates.
  • Payment Discounts – If you pay your entire premium ahead of time instead of monthly or quarterly installments you may reduce your total bill.
  • Good Students Pay Less – Performing well in school can get you a discount of up to 25%. The good student discount can last well after school through age 25.
  • Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems help deter theft and therefore earn up to a 10% discount.
  • Braking Control Discount – Vehicles with anti-lock braking systems prevent accidents and will save you 10% or more.

It’s important to note that many deductions do not apply to the entire cost. A few only apply to individual premiums such as comp or med pay. So when the math indicates all those discounts means the company will pay you, you’re out of luck. But all discounts will bring down your premiums.

Insurance companies that may offer these benefits are:

It’s a good idea to ask each company what discounts are available to you. Some discounts might not apply in your area.

Beware of misleading auto insurance ads

Drivers constantly see and hear ads that promise big savings from the likes of GEICO, State Farm and Progressive. All the companies have a common claim of big savings if you change your coverage to them.

But how can every company say the same thing? This is how they do it.

All the different companies have a preferred profile for the type of customer that is profitable for them. For instance, a profitable customer could be over the age of 50, owns a home, and has a high credit rating. A customer that hits that “sweet spot” will qualify for the lowest rates and is almost guaranteed to pay quite a bit less when switching companies.

Consumers who are not a match for the “perfect” profile will be charged higher premiums and ends up with the driver buying from a lower-cost company. The ad wording is “drivers who switch” not “everybody who quotes” save that kind of money. That is how companies can truthfully state the savings.

That is why you absolutely need to get as many quotes as possible. You cannot predict the company that will provide you with the cheapest Lexus ES 300 insurance rates.

You may need specialized coverage

When it comes to choosing coverage, there really is not a cookie cutter policy. Every situation is different and your policy should reflect that. Here are some questions about coverages that can aid in determining if your insurance needs might need professional guidance.

  • Am I covered if I crash into my own garage door?
  • Should I carry comprehensive and collision coverage?
  • Will I lose any money if I cancel my policy before it expires?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Am I covered if I hit a deer?
  • What is high-risk coverage and where do I buy it?
  • Are my tools covered if they get stolen from my vehicle?
  • Do I have coverage if my license is suspended?
  • Is my state a no-fault state?
  • Does liability extend to a camper or trailer?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier It only takes a few minutes and may give you better protection.

Auto insurance coverages and their meanings

Having a good grasp of a auto insurance policy aids in choosing which coverages you need and proper limits and deductibles. Auto insurance terms can be ambiguous and coverage can change by endorsement. Listed below are typical coverage types found on most auto insurance policies.

Liability coverage – Liability coverage protects you from damage or injury you incur to other’s property or people by causing an accident. This coverage protects you from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability can pay for claims like funeral expenses, attorney fees and structural damage. How much liability should you purchase? That is up to you, but consider buying as high a limit as you can afford.

Insurance for medical payments – Coverage for medical payments and/or PIP provide coverage for expenses like hospital visits, surgery and nursing services. They are utilized in addition to your health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance – This coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Lexus ES 300.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked. Normally the UM/UIM limits do not exceed the liability coverage limits.

Comprehensive coverage (or Other than Collision) – This coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims such as damage from a tornado or hurricane, hitting a deer and a tree branch falling on your vehicle. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Collision coverage – This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things such as damaging your car on a curb, crashing into a ditch, backing into a parked car and colliding with another moving vehicle. This coverage can be expensive, so consider dropping it from vehicles that are older. It’s also possible to bump up the deductible to bring the cost down.

Quote more. Save more.

When you buy insurance online, never buy poor coverage just to save money. There have been many cases where an accident victim reduced comprehensive coverage or liability limits to discover at claim time that they should have had better coverage. The proper strategy is to find the BEST coverage for the lowest price.

You just learned some good ideas how to save on 1998 Lexus ES 300 insurance. The key thing to remember is the more rate quotes you have, the higher the chance of saving money. You may be surprised to find that the biggest savings come from the smaller companies. These smaller insurers often have lower prices on specific markets than their larger competitors like Allstate, GEICO and Progressive.

Additional information