Compare 2007 Lexus LS 460 Car Insurance Cost

Expensive insurance coverage can overdraw your personal savings and put a big crunch on your finances. Doing a price comparison is free and is an excellent way to reduce premiums and put more money in your pocket. Insurance companies such as Geico and Progressive continually hit you with ad campaigns and it is difficult to not get sucked in by the cute commercials and effectively compare rates to find the best deal.

If you have a policy now or are just looking to switch companies, you will benefit by learning to shop for the lowest rates while maximizing coverage. Choosing the best insurance company for you is easy if you know what you’re doing. Consumers only need to know the proper way to compare company rates online.

Are you getting all your discounts?

Insurance can cost an arm and a leg, but discounts can save money and there are some available to help offset the cost. Some discounts apply automatically when you purchase, but less common discounts must be manually applied prior to getting the savings. If you’re not getting every credit possible, you are paying more than you should be.

  • Auto/Life Discount – Companies who offer life insurance give better rates if you take out auto and life insurance together.
  • Anti-theft System – Cars that have factory anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Braking Control Discount – Vehicles with anti-lock braking systems are safer to drive and earn discounts up to 10%.
  • Safe Drivers – Safe drivers may save up to 50% more for LS 460 coverage than their less cautious counterparts.
  • Good Student Discount – Getting good grades can earn a discount of 20% or more. This discount can apply up to age 25.
  • Payment Method – If you pay your bill all at once instead of making monthly payments you could save up to 5%.
  • Discount for New Cars – Adding a new car to your policy can save up to 30% compared to insuring an older model.
  • Drivers Education – Have your child take driver’s ed class in high school.

It’s important to note that most discounts do not apply to the overall cost of the policy. Some only apply to the cost of specific coverages such as liability and collision coverage. So despite the fact that it appears having all the discounts means you get insurance for free, it just doesn’t work that way. Any qualifying discounts will bring down your overall premium however.

To see a list of providers with discount insurance coverage rates, click here to view.

Elements that influence Lexus LS 460 insurance rates

An important part of buying insurance is that you know the different types of things that come into play when calculating car insurance rates. When you know what positively or negatively controls the rates you pay allows you to make educated decisions that will entitle you to big savings.

The list below includes some of the items companies use to determine prices.

  • Men are more aggressive – Statistics demonstrate that women are safer drivers than men. That doesn’t necessarily mean that men are worse drivers. Women and men cause accidents at about the same rate, but the males cause more damage. They also get cited for more serious violations like reckless driving and DUI. Teenage male drivers are the most expensive to insure and therefore are the most expensive to insure.
  • Rates may be lower depending on your job – Occupations such as doctors, business owners and accountants tend to pay higher rates than average in part from job stress and lengthy work days. On the flip side, professions such as pilots, athletes and retirees have the lowest average rates for LS 460 coverage.
  • Younger drivers pay higher rates – Older insureds are more responsible, tend to file fewer claims and get fewer tickets. Young drivers are known to be less responsible when behind the wheel therefore car insurance rates are much higher.
  • Safer occupants lowers premiums – Vehicles with high crash test scores can get you lower premiums. These vehicles protect occupants better and fewer injuries means lower claim amounts and lower rates for you. If your Lexus scored better than four stars on Safercar.gov it is probably cheaper to insure.
  • Theft deterrents lower rates – Driving a car that has an advanced theft prevention system can help bring down rates. Theft prevention features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder your vehicle from being stolen.

When might I need an agent?

When it comes to buying the right insurance coverage, there isn’t really a one size fits all plan. Everyone’s needs are different so your insurance needs to address that. Here are some questions about coverages that might point out whether your personal situation might need professional guidance.

  • What vehicles should carry emergency assistance coverage?
  • Do I have newly-aquired coverage?
  • Does insurance cover tools stolen from my truck?
  • Are my friends covered when driving my car?
  • Do I have coverage when pulling a U-Haul trailer?
  • Is other people’s property covered if stolen from my vehicle?
  • Will filing a claim cost me more?
  • Am I covered when driving on a suspended license?

If it’s difficult to answer those questions then you might want to talk to an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of car insurance companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Parts of your auto insurance policy

Understanding the coverages of auto insurance helps when choosing appropriate coverage for your vehicles. Auto insurance terms can be confusing and even agents have difficulty translating policy wording. Listed below are the normal coverages found on most auto insurance policies.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses such as hospital visits, pain medications, surgery and nursing services. They can be used to fill the gap from your health insurance program or if you do not have health coverage. It covers all vehicle occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not universally available and may carry a deductible

Liability – Liability coverage can cover damages or injuries you inflict on other’s property or people that is your fault. This insurance protects YOU from claims by other people, 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. You commonly see policy limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Another option is a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers things such as structural damage, legal defense fees, loss of income, medical services and court costs. How much coverage you buy is a decision to put some thought into, but consider buying as high a limit as you can afford.

Collision coverages – Collision insurance pays for damage to your LS 460 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 coverage protects against things such as sideswiping another vehicle, crashing into a building, hitting a mailbox, damaging your car on a curb and colliding with another moving vehicle. This coverage can be expensive, so consider removing coverage from lower value vehicles. Drivers also have the option to bump up the deductible to save money on collision insurance.

Comprehensive protection – Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like hail damage, a tree branch falling on your vehicle, damage from a tornado or hurricane, damage from getting keyed and rock chips in glass. The most you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured or underinsured coverage – This protects you and your vehicle from other drivers 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 LS 460.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Quote more. Save more.

We’ve covered many ways to lower your 2007 Lexus LS 460 insurance rates. The key concept to understand is the more companies you get rates for, the better likelihood of reducing your rate. You may be surprised to find that the lowest premiums are with some of the smallest insurance companies. Smaller companies can often provide lower rates in certain areas compared to the large companies like Geico and State Farm.

When shopping online for auto insurance, do not reduce coverage to reduce premium. There have been many cases where an insured dropped physical damage coverage only to discover later they didn’t have enough coverage. Your goal should be to buy enough coverage at an affordable rate while still protecting your assets.

More detailed auto insurance information can be found at these sites: