2000 Lexus RX 300 Insurance Rates – 7 Ideas for Cheapest Quotes

Looking for lower insurance coverage rates for your Lexus RX 300? Feel like you’re a prisoner to overpriced insurance coverage? Believe me, there are lots of people in the same boat.

Having so many options when it comes to insurance coverage, it is hard for the average consumer to choose the cheapest car insurance company.

Finding the best rates is not rocket science. If you currently have car insurance, you will most likely be able to save some money using this strategy. But car owners need to have an understanding of how insurance companies price insurance differently and apply this information to your search.

Compare the Market for Car Insurance

There are a variety of methods to compare 2000 Lexus RX 300 car insurance quotes, and some are less time-consuming than others. You can spend your afternoon talking to local insurance agents in your area, or you can stay home and use the web to get pricing more quickly.

The majority of car insurance companies are enrolled in a marketplace that enables customers to complete one form, and each participating company can provide price quotes based on the submitted data. This saves time by eliminating repetitive form submissions to every company. To compare 2000 Lexus RX 300 rates using this form now click here to open in new window.

The one downside to using this type of form is that consumers can’t choose which providers to receive prices from. So if you prefer to pick from a list of companies to compare, we put together a list of the cheapest car insurance companies in your area. Click here for list of insurance companies.

Which method you use is up to you, but ensure you’re using exactly the same information on every quote you get. If the quotes have higher or lower deductibles it will be very difficult to find the best deal for your Lexus RX 300. Quoting even small variations in insurance coverages may cause a big price difference. And when quoting car insurance, remember that comparing more company’s prices will increase your chances of finding lower pricing.

Cut prices on 2000 Lexus RX 300 insurance

Auto insurance companies don’t list all their discounts in a way that’s easy to find, so we took the time to find some of the best known and the more hidden car insurance savings.

  • No Charge for an Accident – A handful of insurance companies allow you one accident without raising rates so long as you haven’t had any claims for a particular time prior to the accident.
  • Homeowners Pay Less – Being a homeowner may trigger a car insurance policy discount because of the fact that having a home demonstrates responsibility.
  • New Car Discount – Adding a new car to your policy can cost up to 25% less since new cars are generally safer.
  • Theft Prevention System – Vehicles with anti-theft systems prevent vehicle theft and therefore earn up to a 10% discount.
  • No Claims – Claim-free drivers pay much less compared to drivers who are more careless.
  • Resident Student – Any of your kids who are attending college and do not have a car may qualify for this discount.
  • Discount for Good Grades – Getting good grades can earn a discount of 20% or more. The discount lasts up until you turn 25.

It’s important to note that some credits don’t apply to your bottom line cost. Most only apply to the price of certain insurance coverages like comp or med pay. So when the math indicates you could get a free car insurance policy, companies wouldn’t make money that way.

For a list of providers offering car insurance discounts, follow this link.

Tailor your coverage to you

When choosing coverage, there isn’t really a cookie cutter policy. Everyone’s needs are different so your insurance needs to address that. Here are some questions about coverages that might help in determining if your insurance needs would benefit from professional advice.

  • Are rock chip repairs covered?
  • Is my dog or cat covered if injured in an accident?
  • Am I covered when driving on a suspended license?
  • Is my 2000 Lexus RX 300 covered for smoke damage?
  • Does my medical payments coverage pay my health insurance deductible?
  • Who is covered by my policy?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • How high should my uninsured/underinsured coverage be in my state?

If you can’t answer these questions, you may need to chat with an agent. If you don’t have a local agent, complete this form or click here for a list of insurance companies in your area.

Car insurance coverages for a 2000 Lexus RX 300

Learning about specific coverages of insurance can be of help when determining appropriate coverage for your vehicles. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Listed below are the usual coverages found on the average insurance policy.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills like doctor visits, rehabilitation expenses, nursing services, EMT expenses and chiropractic care. They are often used to fill the gap from your health insurance program or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. PIP is only offered in select states and gives slightly broader coverage than med pay

Uninsured and underinsured coverage

This coverage gives you protection from other motorists when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Lexus RX 300.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important.

Auto liability insurance

Liability coverage provides protection from injuries or damage you cause to a person or their property that is your fault. It protects YOU against other people’s claims, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show 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 coverage protects against claims such as bail bonds, legal defense fees, repair costs for stationary objects and medical services. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as high a limit as you can afford.

Collision insurance

This pays for damage to your RX 300 resulting from a collision with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like rolling your car, sustaining damage from a pot hole, colliding with a tree, scraping a guard rail and sideswiping another vehicle. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. You can also bump up the deductible to get cheaper collision coverage.

Comprehensive coverages

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as hitting a deer, damage from flooding, damage from getting keyed and hail damage. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.