Save on 2016 Lexus LS 460 Insurance Rates

Pretty sure you bought an expensive auto insurance policy? Trust us, you’re not the only one. Drivers have so many insurers to purchase coverage from, and though it is a good thing to have a selection, it can be more challenging to compare company pricing.

Finding affordable coverage is not that difficult. If you currently have a car insurance policy, you stand a good chance to be able to lower your premiums substantially using these tips. Vehicle owners only need an understanding of the most efficient way to get comparison rates online.

Compare free car insurance quotes

There are a lot of ways to shop for car insurance, and some are less labor-intensive and much quicker. You can waste hours talking about coverages with insurance agencies in your area, or you could use the web to quickly compare rates.

Most major companies belong to a marketplace where prospective buyers send in one quote, and at least one company can provide price quotes based on the submitted data. This eliminates the need for form submissions for every car insurance company.

To submit your quote information now, click here (opens in new window).

The one downside to doing it this way is you don’t know exactly which companies you want to price. So if you want to select individual companies for rate comparison, we have a page of the cheapest car insurance companies in your area. Click here for list of insurance companies.

The method you choose is up to you, but ensure you are comparing the same coverage information with each company. If you compare different deductibles it will be very difficult to determine the lowest rate for your Lexus LS 460.

Don’t believe everything you hear

Drivers can’t get away from ads that promise big savings by companies like State Farm and Allstate. All the companies advertise the message that drivers will save a bundle if you change your coverage.

How does every car insurance company offer drivers better rates?

Many companies have underwriting criteria for the type of customer they prefer to insure. A good example of a desirable risk may be over the age of 35, has a clear driving record, and has a high credit rating. A customer getting a price quote who fits those characteristics will get very good auto insurance rates and therefore will save some money.

Drivers who may not quite match these stringent criteria may receive higher rates which results in the customer not purchasing. If you listen closely, the ads state “people who switch” not “everyone who quotes” will save that much if they switch. That is how companies can make claims that they all have the best auto insurance rates. Because of this risk profiling, it is so important to get as many free insurance coverage quotes as possible. It is just not possible to predict which car insurance company will have the best rates.

Informed drivers can cut their insurance premiums

One of the most helpful ways to save on car insurance is to to have a grasp of a few of the rating criteria that play a part in calculating your policy premiums. If you understand what positively or negatively impacts your premiums, this empowers consumers to make smart changes that will entitle you to lower car insurance prices.

The itemized list below are some of the things that factor into your premiums.

  • Prices are affected by your address – Being located in less populated areas has definite advantages when insuring your vehicles. Lower population corresponds to lower accident rates as well as less vandalism and auto theft. Urban drivers tend to have much more traffic and higher rates of accident claims. More time on the road means more chances of being involved in an auto accident.
  • Gender and insurance coverage premiums – Over the last 30 years, statistics show females are less aggressive when driving. Now that doesn’t mean women are BETTER drivers than men. Men and women cause fender benders in similar numbers, but the males tend to have higher claims. Men also get higher numbers of serious violations like reckless driving and DUI.
  • Extra coverages are wasting money – Insurance policies have a lot of extra bells and whistles that can waste your money if you aren’t careful. Insurance for vanishing deductibles, better glass coverage, and extra life insurance coverage could be just wasting money. They may seem like a good idea when discussing your needs, but your money might be better spent on other coverage so get rid of them and save.
  • Discounts for married couples – Getting married may earn you lower rates on your policy. Marriage generally demonstrates drivers are more mature and responsible and insurance companies like that married drivers get in fewer accidents.
  • Cautious drivers pay less – Careful drivers pay less for auto insurance than people who have multiple driving citations. Even a single driving citation can boost insurance rates by twenty percent. People who have careless violations like reckless driving or DUI may find that they have to to prove financial responsibility with their state DMV in order to legally drive.

Lower rate quotes by taking advantage of discounts

Insuring your vehicles can cost a lot, but there could be available discounts that may help make it more affordable. A few discounts will be applied at the time of purchase, but some discounts are required to be requested specifically before being credited.

  • Full Payment Discount – By making one initial payment as opposed to paying monthly you can avoid monthly service charges.
  • No Claims – Insureds with no claims or accidents pay much less in comparison with bad drivers.
  • Home Ownership Discount – Being a homeowner can get you a discount because of the fact that having a home requires a higher level of personal finance.
  • Cautious Driver Discount – Drivers who avoid accidents may receive a discount up to 45% for LS 460 insurance compared to accident prone drivers.
  • College Student – Older children living away from home attending college without a vehicle on campus could qualify for this discount.

It’s important to note that most of the big mark downs will not be given to the entire policy premium. Some only reduce individual premiums such as liability, collision or medical payments. So even though it sounds like you can get free auto insurance, insurance companies wouldn’t stay in business.

Larger insurance coverage companies and a partial list of their discounts can be read below.

  • State Farm may offer discounts for Drive Safe & Save, multiple policy, Steer Clear safe driver discount, accident-free, anti-theft, multiple autos, and safe vehicle.
  • Farmers Insurance policyholders can earn discounts including teen driver, youthful driver, alternative fuel, homeowner, early shopping, pay in full, and bundle discounts.
  • Progressive has discounts for continuous coverage, online signing, homeowner, good student, and multi-policy.
  • Geico includes discounts for anti-theft, emergency military deployment, five-year accident-free, military active duty, seat belt use, multi-policy, and good student.
  • Auto-Owners Insurance discounts include air bags, paid in full, student away at school, company car, paperless, and teen driver.
  • The Hartford has savings for anti-theft, air bag, vehicle fuel type, defensive driver, driver training, bundle, and good student.
  • Farm Bureau offers discounts including good student, multi-policy, multi-vehicle, safe driver, 55 and retired, driver training, and youthful driver.
  • USAA may include discounts for driver training, family discount, good student, defensive driver, multi-policy, military installation, and new vehicle.

When getting free insurance coverage quotes, it’s a good idea to all companies you are considering to give you their best rates. Discounts might not apply in your area. To locate insurers that offer discounts, click here to view.

How much car insurance do I need?

When choosing proper insurance coverage for your vehicles, there is no “perfect” insurance plan. Every insured’s situation is different so your insurance needs to address that. These are some specific questions may help highlight whether or not you will benefit from professional help.

  • Will my rates increase for filing one claim?
  • Do I need replacement cost coverage?
  • Does my policy cover me when driving someone else’s vehicle?
  • Why am I required to buy liability insurance?
  • Can my teen driver be rated on a liability-only vehicle?
  • Does coverage extend to a rental car in a foreign country?
  • What if I don’t agree with a claim settlement offer?

If you don’t know the answers to these questions, you may need to chat with an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies. It is quick, free and may give you better protection.

Coverage specifics

Knowing the specifics of your insurance policy can help you determine which coverages you need at the best deductibles and correct limits. Policy terminology can be difficult to understand and reading a policy is terribly boring. These are the usual coverages found on most insurance policies.

Medical payments coverage and PIP – Med pay and PIP coverage provide coverage for immediate expenses for ambulance fees, X-ray expenses, rehabilitation expenses, nursing services and funeral costs. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision – This coverage pays for damage to your LS 460 resulting from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as scraping a guard rail, backing into a parked car, crashing into a building, hitting a mailbox and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Liability insurance – Liability coverage will cover damage or injury you incur to other people or property that is your fault. This coverage protects you against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see values of 100/300/100 that translate to a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property.

Liability insurance covers claims such as loss of income, pain and suffering and repair costs for stationary objects. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as high a limit as you can afford.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Lexus LS 460.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Comprehensive coverage – Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as falling objects, damage from getting keyed, rock chips in glass, damage from a tornado or hurricane and damage from flooding. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

More quotes. Lower rates.

Some companies may not have price quotes online small insurance companies work with independent insurance agents. Lower-priced insurance coverage can be purchased both online and from local insurance agents, so you should be comparing quotes from both to have the best rate selection.

We covered many tips how you can compare 2016 Lexus LS 460 insurance prices online. It’s most important to understand that the more quotes you get, the higher the chance of saving money. You may be surprised to find that the most savings is with an unexpected company. Regional companies may have significantly lower rates on certain market segments as compared to the big name companies such as State Farm and Allstate.

More tips and info about insurance coverage is located in these articles: