How Much Does 1993 Lexus SC 400 Insurance Cost?

Trying to find the cheapest insurance coverage rates for your Lexus SC 400? Are you tired of scraping the payment together to insure your Lexus every month? You’re in the same situation as many other drivers.

Companies like Allstate and Progressive constantly blast consumers with fancy advertisements and it is difficult to ignore the propoganda and effectively compare rates to find the best deal.

Consumers need to compare rates quite often due to the fact that insurance rates go up and down regularly. Even if you think you had the best price for SC 400 coverage a few years ago there may be better deals available now. There is a lot of wrong information about insurance coverage on the internet, so by reading this article, you’re going to learn some solid techniques on how to put money back in your pocket.

How to Lower Your Insurance Coverage Cost

Comparing insurance coverage rates can be challenging if you don’t know the most efficient way. You could waste a few hours driving to local insurance agents in your area, or you can utilize online quotes to maximize your effort.

Most car insurance companies participate in a marketplace that enables customers to submit one quote, and each participating company can provide price quotes based on that information. This system prevents you from having to do quote requests to every company. To access this free quoting program, click here to open in new window.

The only drawback to pricing coverage this way is that you can’t choose which carriers to get pricing from. If you wish to select specific insurance companies to compare prices, we have a listing of companies who write insurance coverage in your area. View list of insurance companies.

It doesn’t matter which method you choose, just double check that you are using apples-to-apples coverage information for each price quote. If your comparisons have mixed coverages it’s impossible to find the best deal for your Lexus SC 400. Having just a slight variation in insurance coverages may cause a big price difference. And when quoting insurance coverage, remember that more quotes gives you a better chance of getting the best rates.

Lexus SC 400 rates are in the details

Consumers need to have an understanding of the rating factors that go into determining the price you pay for car insurance. When you know what positively or negatively controls the rates you pay helps enable you to make changes that may reward you with big savings.

  • Consolidate policies to earn discounts – Most insurance companies provide better rates to customers who buy several policies from them in the form of a multi-policy discount. Even if you’re getting this discount it’s in your best interest to compare other company rates to make sure you are getting the best deal.
  • Marriage brings a discount – Getting married actually saves money on your car insurance policy. Marriage usually means you are more responsible and statistics show married couples file fewer claims.
  • Bad driving skills means higher rates – Drivers with clean records have lower premiums than bad drivers. Only having one speeding ticket may increase your cost by as much as thirty percent. Drivers who get serious violations like hit and run, DWI or reckless driving convictions may be required to submit a SR-22 form with their state motor vehicle department in order to continue driving.
  • Small claims can cost you – Auto insurance companies provide lower rates to insureds who do not file claims often. If you file claims often, you can look forward to either higher rates or even cancellation. Your insurance policy is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.

Don’t pay full price with these discounts

Insurance can be prohibitively expensive, but there are discounts available that many people don’t even know exist. A few discounts will automatically apply at the time you complete a quote, but a few must be inquired about before you get the savings.

  • Discount for Swiching Early – Some companies give discounts for switching to them before your current expiration date. The savings is around 10%.
  • Multiple Vehicles – Having multiple vehicles on one policy qualifies for this discount.
  • No Accidents – Claim-free drivers pay much less compared to drivers who are more careless.
  • Fewer Miles Equal More Savings – Low mileage vehicles could qualify for lower rates on the low mileage vehicles.
  • Air Bag Discount – Cars that have air bags and/or automatic seat belt systems can get savings of 20% or more.
  • Bundle and Save – When you have multiple policies with the same insurance company you will save at least 10% off all policies.
  • Defensive Driving Course – Successfully completing a course in driver safety could possibly earn you a 5% discount if you qualify.
  • Seat Belts Save – Drivers who require all occupants to use a seat belt could save 15% off your medical payments premium.
  • Paperless Signup – Some insurance companies give back up to $50 for buying a policy and signing up online.
  • Service Members Pay Less – Having a deployed family member could mean lower rates.

Drivers should understand that many deductions do not apply to the entire cost. Most only cut the price of certain insurance coverages like liability and collision coverage. So when it seems like you could get a free car insurance policy, it doesn’t quite work that way. But any discount will cut your premiums.

Insurance companies that may offer these benefits are:

Double check with each company what discounts are available to you. Discounts may not apply in your area.

Your personal situation dictates your coverage

When it comes to buying adequate coverage for your personal vehicles, there really is not a one size fits all plan. Everyone’s situation is a little different so your insurance should reflect that For example, these questions may help you determine if your situation will benefit from professional help.

  • Will I be non-renewed for getting a DUI or other conviction?
  • What is covered by UM/UIM coverage?
  • What is an SR-22 filing?
  • How can I find cheaper teen driver insurance?
  • When should I not file a claim?
  • Do I have coverage when pulling a U-Haul trailer?
  • Should I buy only the required minimum liability coverage?
  • How do I buy GAP insurance?

If you don’t know the answers to these questions but you know they apply to you, you might consider 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.

Car insurance coverages and their meanings

Knowing the specifics of your policy can be of help when determining the right coverages and proper limits and deductibles. Car insurance terms can be impossible to understand and coverage can change by endorsement. Below you’ll find typical coverages found on the average car insurance policy.

Liability car insurance

This protects you from damages or injuries you inflict on people or other property. It protects YOU against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 50/100/50 which means $50,000 bodily injury coverage, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage pays for things such as loss of income, medical services, medical expenses, court costs and bail bonds. How much liability coverage do you need? That is up to you, but buy as much as you can afford.

Coverage for collisions

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 like hitting a mailbox, crashing into a building, driving through your garage door, sustaining damage from a pot hole and sideswiping another vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. You can also bump up the deductible to get cheaper collision coverage.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage pay for expenses such as doctor visits, ambulance fees, hospital visits and rehabilitation expenses. They are used to fill the gap from your health insurance plan or if you do not have health coverage. It covers not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your Lexus SC 400.

Because many people have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as fire damage, damage from flooding and rock chips in glass. The highest amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Coverage on a shoestring budget

Cheaper 1993 Lexus SC 400 insurance can be purchased online and also from your neighborhood agents, and you should be comparing both to have the best selection. A few companies may not provide online price quotes and many times these small, regional companies only sell through independent insurance agents.

When buying insurance coverage, it’s a bad idea to skimp on critical coverages to save a buck or two. There are many occasions where consumers will sacrifice collision coverage only to find out that their decision to reduce coverage ended up costing them more. Your goal should be to get the best coverage possible at the best price, not the least amount of coverage.

Much more information about insurance coverage is located below: