Did you fall for a flashy sales pitch and buy an overpriced insurance policy? Trust us, there are lots of people in the same boat.
There is such a variety of auto insurance companies to choose from, and though it is a good thing to have a selection, lots of choices makes it harder to compare rates and find the lowest cost insurance.
It is always a good idea to compare prices every six months since insurance rates go up and down regularly. Even if you got the lowest rates on ES 300 coverage six months ago you can probably find a better price now. So forget anything you know (or think you know) about insurance because I’m going to teach you the only way to lower your annual insurance bill.
When shopping for insurance coverage there are multiple ways to compare rate quotes and find the best price. The easiest way by far to find the lowest 2001 Lexus ES 300 rates involves getting comparison quotes online. This can be done in just a few minutes using one of these methods.
For a list of links to companies insuring cars in your area, click here.
Which method you use is up to you, but ensure you are comparing exactly the same quote information on every quote. If your comparisons have different values for each quote you can’t possibly decipher which rate is best. Just a small difference in coverages can make a big difference in price. And when price shopping your coverage, quoting more helps you find a lower rate.
Car insurance companies don’t always list every discount very clearly, so here is a list some of the best known and the more hidden discounts you could be receiving.
It’s important to note that most credits do not apply to all coverage premiums. Most only apply to the price of certain insurance coverages like collision or personal injury protection. So even though they make it sound like it’s possible to get free car insurance, it doesn’t quite work that way.
Companies that may offer some of the above discounts include:
It’s a good idea to ask every prospective company what discounts are available to you. Some discounts might not apply everywhere.
When choosing the right insurance coverage for your personal vehicles, there is no “perfect” insurance plan. Everyone’s situation is a little different so this has to be addressed. For example, these questions might point out whether you would benefit from an agent’s advice.
If you don’t know the answers to these questions, you may need to chat with a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier
Understanding the coverages of insurance aids in choosing which coverages you need and the correct deductibles and limits. Policy terminology can be confusing and nobody wants to actually read their policy. These are the normal coverages found on the average insurance policy.
Uninsured and underinsured coverage
Uninsured or Underinsured Motorist coverage provides protection from other motorists when they do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your Lexus ES 300.
Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.
Collision insurance pays to fix your vehicle from damage caused by collision 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 insurance covers claims such as sustaining damage from a pot hole, scraping a guard rail, hitting a mailbox, rolling your car and driving through your garage door. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also bump up the deductible in order to get cheaper collision rates.
Coverage for liability
Liability coverage will cover injuries or damage you cause to a person or their property by causing an accident. This coverage protects you from legal claims by others. It does not cover your own vehicle damage or injuries.
Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 100/300/100 which means $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.
Liability coverage pays for claims such as medical expenses, structural damage, funeral expenses, emergency aid and loss of income. How much liability should you purchase? That is a personal decision, but you should buy as much as you can afford.
This covers damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against claims like hitting a bird, damage from flooding, hitting a deer and damage from a tornado or hurricane. The most a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
Coverage for medical payments
Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses like rehabilitation expenses, doctor visits and dental work. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover you and your occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not universally available and may carry a deductible