How Much Does 2014 Lexus LS 600h L Insurance Cost?

Want lower insurance rates for your Lexus LS 600h L? Are you overwhelmed by the number of insurance options? Many other consumers are too. Consumers have so many companies to choose from that it can easily become a lot of work to find the best price.

If you are paying for car insurance now, you stand a good chance to be able to cut costs considerably using these tips. Pricing the cheapest coverage can be fairly easy. But drivers need to have an understanding of how insurance companies sell insurance online and apply this information to your search.

How to reduce 2014 Lexus LS 600h L insurance rates

Companies don’t always publicize every discount in an easy-to-find place, so we break down both the well known and also the lesser-known ways to save on car insurance.

  • Early Switch Discount – A few companies offer discounts for switching to them before your current expiration date. It’s a savings of about 10%.
  • Sign Online – A few companies will discount your bill up to fifty bucks simply for signing on their website.
  • Theft Prevention Discount – Cars that have factory anti-theft systems prevent vehicle theft and will save you 10% or more.
  • Senior Discount – Mature drivers may qualify for better car insurance rates for LS 600h L coverage.
  • Government Employees – Active or retired federal employment could cut as much as 10% off for LS 600h L coverage with select insurance companies.
  • Multi-car Discount – Insuring more than one vehicle on one policy qualifies for this discount.
  • Seat Belts Save – Drivers who require all occupants to use their safety belts can save 10% or more off your medical payments premium.
  • College Student – Youth drivers who live away from home without a vehicle on campus may be able to be covered for less.

As a disclaimer on discounts, most credits do not apply the the whole policy. Some only reduce the price of certain insurance coverages like comp or med pay. So when the math indicates you can get free auto insurance, car insurance companies aren’t that generous.

To see a list of insurance companies who offer car insurance discounts, click here to view.

Lesser-known factors impacting Lexus LS 600h L insurance rates

It’s important that you understand the different types of things that help determine the rates you pay for insurance. Knowing what controls the rates you pay empowers consumers to make smart changes that could result in lower insurance prices.

  • Discounts for married couples – Getting married can actually save you money on insurance. Having a spouse is viewed as being more mature and statistics show married drivers get in fewer accidents.
  • Where you reside plays a part – Choosing to live in a small town can save you money when buying insurance. Drivers in populated areas have traffic congestion and much longer commute distances. Less people living in that area means a lower chance of having an accident as well as less vandalism and auto theft.
  • High crash test scores lower rates – Safer cars tend to have better insurance rates. The safest vehicles protect occupants better and better occupant protection translates into fewer and smaller insurance claims passed on to you as lower rates. If the Lexus LS 600h L earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you are probably receiving a discount.
  • Careful drivers pay lower rates – Good drivers have lower premiums than bad drivers. Just one moving violation can increase rates twenty percent or more. Drivers who get serious violations such as DWI, reckless driving or hit and run convictions may be required to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to continue driving.
  • A lapse in coverage is a bad thing – Allowing your insurance policy to lapse will be a sure-fire way to increase your insurance rates. Not only will you pay more, but being ticketed for driving with no insurance may earn you a license revocation or jail time.
  • Car features impact rates – Choosing a vehicle with an alarm system can help lower your rates. Anti-theft devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart auto theft.
  • More than one policy can earn a discount – Many insurance companies will award you with lower prices to insureds who buy several policies from them in the form of a multi-policy discount. Even though this discount sounds good, it’s still a good idea to comparison shop to make sure you are getting the best deal. You may still find a better deal by buying insurance from more than one company.

Tailor your coverage to you

When choosing coverage, there really is no best way to insure your cars. Everyone’s situation is unique.

For instance, these questions may help you determine whether you may require specific advice.

  • Is my nanny covered when driving my vehicle?
  • Do I have any recourse if my insurance company denies a claim?
  • Should I drop comprehensive coverage on older vehicles?
  • Is my camper covered by my car insurance policy?
  • When should I remove comp and collision on my 2014 Lexus LS 600h L?
  • What is the ISO rating for a 2014 Lexus LS 600h L?
  • Who is covered by my policy?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to a licensed agent. If you don’t have a local agent, take a second and complete this form.

Auto insurance policy specifics

Knowing the specifics of a auto insurance policy can help you determine the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.

Collision coverage – Collision insurance will pay to fix damage to your LS 600h L resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things such as damaging your car on a curb, colliding with a tree, hitting a parking meter and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. You can also bump up the deductible in order to get cheaper collision rates.

UM/UIM (Uninsured/Underinsured Motorist) coverage – This coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Lexus LS 600h L.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Comprehensive auto coverage – This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for claims like rock chips in glass, damage from flooding, hitting a bird and hail damage. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Auto liability – This coverage protects you from damage that occurs to people or other property. It protects you from claims by other people, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 100/300/100 which means a $100,000 limit per person for injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability coverage pays for things like medical services, medical expenses and structural damage. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy higher limits if possible.

Medical payments and PIP coverage – Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses like rehabilitation expenses, ambulance fees and pain medications. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants and also covers any family member struck as a pedestrian. PIP is not universally available but can be used in place of medical payments coverage

Don’t be a big spender

We’ve covered many ideas to reduce 2014 Lexus LS 600h L insurance prices online. It’s most important to understand that the more price quotes you have, the better your comparison will be. You may even discover the biggest savings come from some of the lesser-known companies.

As you restructure your insurance plan, never reduce needed coverages to save money. In many instances, drivers have reduced collision coverage and learned later that a couple dollars of savings turned into a financial nightmare. The proper strategy is to get the best coverage possible at an affordable rate.

Insureds change insurance companies for many reasons like being labeled a high risk driver, an unsatisfactory settlement offer, high rates after DUI convictions and even policy cancellation. It doesn’t matter why you want to switch finding a great new company can be easier than you think.

More resources