2004 Lexus RX 330 Insurance Quotes – 9 Tips to Save

Searching for the cheapest insurance rates for your Lexus RX 330? Are you sick and tired of paying out the nose each month for car insurance? You are no different than many other drivers.

Consumers have many insurers to pick from, and though it is a good thing to have a choice, having more car insurance companies makes it harder to compare rates.

It’s a good habit to check insurance prices at least once a year since rates fluctuate regularly. Even if you think you had the best price for RX 330 coverage last year there may be better deals available now. So just forget anything you know (or think you know) about insurance because we’re going to show you how to use the internet to save on insurance.

The method we recommend to compare rate quotes is to realize all the major auto insurance companies participate in a system to quote your coverage. The only thing you need to do is provide the companies a bit of rating information like how old drivers are, how many miles driven, if a SR-22 is needed, and if it has an alarm system. That information is sent automatically to multiple companies and they respond with quotes within a short period of time.

Companies offer discounts so take them!

Car insurance companies do not list all available discounts very well, so the following is a list of some of the more common and the harder-to-find ways to save on auto insurance.

Senior Citizens – Older drivers can possibly qualify for a small decrease in premiums for RX 330 coverage.
Club Memberships – Belonging to certain professional organizations is a good way to get lower rates on your policy for RX 330 coverage.
Drive Safe and Save – Drivers who don’t get into accidents may receive a discount up to 45% less for RX 330 coverage than drivers with accidents.
Government Employees – Being employed by or retired from a federal job can earn a discount up to 10% for RX 330 coverage with a few auto insurance companies.
No Charge for an Accident – A few companies allow you one accident before hitting you with a surcharge so long as you haven’t had any claims for a certain period of time.
Life Insurance Discount – Select insurance companies reward you with a discount if you purchase auto and life insurance together.
Military Discounts – Having a family member in the military could mean lower rates.
Auto/Home Discount – When you have multiple policies with the same company you may earn 10% to 20% off each policy.
Good Student – This discount can earn a discount of 20% or more. This discount can apply until age 25.

As a disclaimer on discounts, most discount credits are not given to the entire policy premium. Most cut the cost of specific coverages such as collision or personal injury protection. So even though it sounds like having all the discounts means you get insurance for free, companies don’t profit that way.

For a list of companies with the best auto insurance discounts, click here to view.

Do I just need basic coverages?

When it comes to choosing adequate coverage, there really is not a one size fits all plan. Everyone’s needs are different and a cookie cutter policy won’t apply. Here are some questions about coverages that may help you determine if your insurance needs might need an agent’s assistance.

Am I getting all the discounts available?
Is a fancy paint job covered?
Is my teen driver covered when they drive my company car?
When should I buy a commercial auto policy?
Do all my vehicles need collision coverage?
How high should deductibles be on a 2004 Lexus RX 330?
Will my rates increase for filing one claim?

If you can’t answer these questions, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.

Insurance policy specifics

Understanding the coverages of a insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. The terms used in a policy can be ambiguous and coverage can change by endorsement. Listed below are the normal coverages found on most insurance policies.

Auto liability

Liability coverage protects you from damages or injuries you inflict on other people or property by causing an accident. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability coverage pays for things such as loss of income, court costs, legal defense fees, bail bonds and structural damage. How much coverage you buy is up to you, but buy as high a limit as you can afford.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your Lexus RX 330.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Coverage for collisions

Collision coverage 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 coverage pays for things like crashing into a ditch, colliding with another moving vehicle, rolling your car and hitting a parking meter. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to bump up the deductible in order to get cheaper collision rates.

Comprehensive auto coverage

Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like vandalism, theft and a broken windshield. The highest amount a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance pay for bills such as hospital visits, funeral costs, surgery, rehabilitation expenses and prosthetic devices. They are used to fill the gap from your health insurance policy or if you do not have health coverage. It covers all vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage