Cheap 2005 Lexus LX 470 Car Insurance Quotes

Trying to find cheaper auto insurance rates? Buyers have a choice when searching for low-cost Lexus LX 470 insurance. They can either spend hours calling around trying to get quotes or use the internet to make rate comparisons.

There are both good and bad ways to compare auto insurance rates so we’re going to tell you the proper way to quote coverages for a new or used Lexus and find the lowest price either online or from local insurance agents.

You should make it a habit to price shop coverage before your policy renews due to the fact that insurance rates are constantly changing. Even if you got the lowest price on LX 470 coverage on your last policy you can probably find a lower rate today. Ignore everything you know about auto insurance because I’m going to let you in on the secrets to the quickest way to reduce your cost while improving coverage.

This information will familiarize you with the most effective way to quote insurance. If you currently have car insurance, you should be able to lower your premiums substantially using this information. Drivers just need to know the proper way to compare price quotes over the internet.

Compare the Market for Insurance Coverage

Most major insurance companies like 21st Century, Allstate and State Farm allow you to get price estimates on their websites. Getting online quotes is fairly simple as you just type in your personal and coverage information as detailed in the form. After you submit the form the system orders your credit score and driving record and generates a price determined by many factors.

Online quotes streamlines rate comparisons, but the time it takes to visit many different websites and enter the same data into a form can get tiresome after awhile. But it’s very important to have as many quotes as possible in order to get a better rate.

The easiest way to get multiple rate quotes utilizes a single form that gets price quotes from many companies. The form is fast, helps eliminate reptitive entry, and makes price shopping online a little more enjoyable. As soon as the form is sent, it gets priced and you can choose your choice of the quotes returned.

If the quotes result in lower rates, it’s easy to complete the application and buy the policy. It takes less than 15 minutes and you will know how your current rates stack up.

In order to compare rates using this form now, click here to open in a new tab and fill out the form. If you have coverage now, it’s recommended you copy the coverage information as shown on your current policy. This makes sure you will be getting an apples-to-apples comparison for exact coverage.

Are you getting all your discounts?

Insuring your vehicles can cost a lot, but companies offer discounts that you may not even be aware of. Certain discounts will be triggered automatically at quote time, but less common discounts must be asked for before you get the savings. If you don’t get every credit you qualify for, you are paying more than you should be.

  • E-sign – A few companies may give you up to $50 simply for signing online.
  • Drive Safe and Save – Insureds without accidents can pay as much as 50% less on LX 470 coverage than their less cautious counterparts.
  • Multiple Vehicles – Buying insurance for multiple vehicles on one policy qualifies for this discount.
  • Save with a New Car – Buying coverage on a new vehicle can be considerably cheaper due to better safety requirements for new cars.
  • Driver Safety – Successfully completing a course teaching defensive driving skills could possibly earn you a 5% discount and easily recoup the cost of the course.

It’s important to understand that most discount credits are not given to the entire policy premium. Most only cut the price of certain insurance coverages like physical damage coverage or medical payments. So despite the fact that it appears adding up those discounts means a free policy, auto insurance companies aren’t that generous. But any discount will cut your premiums.

Insurance companies that may offer these money-saving discounts may include but are not limited to:

Check with each insurance company which discounts they offer. Discounts may not be available in your area.

Tailor your coverage to you

When buying coverage for your personal vehicles, there is no best way to insure your cars. Everyone’s situation is unique.

For example, these questions may help highlight if you could use an agent’s help.

  • Should I rate my 2005 Lexus LX 470 as pleasure use or commute?
  • Does coverage extend to Mexico or Canada?
  • Do I benefit by insuring my home with the same company?
  • Are my tools covered if they get stolen from my vehicle?
  • What discounts do I qualify for?
  • Should I buy only the required minimum liability coverage?
  • Do I need replacement cost coverage?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed agent. If you don’t have a local agent, complete this form. It only takes a few minutes and may give you better protection.

Parts of the Lexus LX 470 rate equation

It’s important that you understand some of the elements that come into play when calculating the price you pay for auto insurance. When you know what positively or negatively determines base rates allows you to make educated decisions that will entitle you to much lower annual insurance costs.

The list below includes a partial list of the pieces companies use to determine prices.

  • Rate your vehicle for proper use – The more miles you rack up on your Lexus every year the higher your rates will be. Most insurance companies price each vehicle’s coverage based on how the vehicle is used. Vehicles used primarily for pleasure use get more affordable rates compared to those used for work or business. Improper usage on your LX 470 can result in significantly higher rates. Double check that your auto insurance policy is showing how each vehicle is driven.
  • Big city or small town – Being located in a small town is a positive aspect when buying auto insurance. Drivers in populated areas have to deal with more traffic problems and a longer drive to work. Lower population means a lower chance of having an accident as well as less vandalism and auto theft.
  • Special features that cut premiums – Choosing a vehicle with a theft deterrent system can save you a little every year. Theft prevention devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart your car from being stolen.
  • Lower deductibles cost more – Coverage for physical damage, termed comprehensive and collision coverage on your policy, is used to repair damage to your Lexus. Some examples of claims that would be covered would be a windshield shattered by a rock, vandalism, or theft. Deductibles for physical damage are how much you are required to spend if you file a covered claim. The higher the amount the insured has to pay upfront, the less your company will charge you for insurance on LX 470 coverage.
  • Careful drivers pay lower rates – Your driving citation history has a big impact on rates. Drivers with clean records get better rates than people who have multiple driving citations. Only having one citation may increase your cost forty percent or more. Drivers who have severe citations like hit and run, DWI or reckless driving convictions may need to file a SR-22 to the state department of motor vehicles in order to drive a vehicle legally.
  • Marriage brings a discount – Being married helps lower the price on your auto insurance policy. Having a significant other usually means you are more responsible it has been statistically shown that being married results in fewer claims.

Insurance coverages and their meanings

Understanding the coverages of insurance can be of help when determining the right coverages for your vehicles. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for surgery, chiropractic care, pain medications, hospital visits and doctor visits. They can be used in conjunction with a health insurance plan or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP coverage is not universally available and may carry a deductible


This coverage provides protection from damage that occurs to people or other property by causing an accident. It protects you against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 50/100/50 which means $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.

Liability insurance covers things like structural damage, court costs and legal defense fees. The amount of liability coverage you purchase is your choice, but you should buy as high a limit as you can afford.

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as damage from flooding, hitting a deer and hitting a bird. The most you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your Lexus LX 470.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked. Most of the time these coverages are similar to your liability insurance amounts.

Coverage for collisions

This coverage covers damage to your LX 470 caused by collision with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers things such as sustaining damage from a pot hole, hitting a mailbox, damaging your car on a curb and backing into a parked car. This coverage can be expensive, so you might think about dropping it from older vehicles. You can also choose a higher deductible to get cheaper collision coverage.

Power to the consumer

Consumers leave their current company for many reasons like an unsatisfactory settlement offer, policy cancellation, poor customer service or not issuing a premium refund. Regardless of your reason for switching companies, finding a great new company can be less work than you think.

While you’re price shopping online, never buy lower coverage limits just to save a few bucks. There are many occasions where an insured dropped liability coverage limits and found out when filing a claim they didn’t purchase enough coverage. The aim is to find the BEST coverage at an affordable rate, not the least amount of coverage.

The cheapest 2005 Lexus LX 470 insurance can be found both online and also from your neighborhood agents, so compare prices from both to have the best rate selection. Some insurance companies may not provide online quoting and most of the time these small, regional companies sell through independent agents.

More detailed auto insurance information can be found in the articles below: