View 1996 Lexus ES 300 Insurance Cost

Nobody enjoys paying for insurance, particularly when the price is too high. Many car insurance companies compete for your insurance dollar, and it can be difficult to compare rates to get the best price available.

You need to check insurance prices yearly since rates are constantly changing. If you had the lowest price for ES 300 coverage a year ago the chances are good that you can find a lower rate today. So forget all the misinformation about insurance because we’re going to show you the right way to save on insurance.

If you have a current car insurance policy or need new coverage, you can use these techniques to reduce the price you pay and still get good coverage. Choosing the best insurance company for you is not rocket science. Drivers only need to know how to get comparison rates on the web.

How to Get Cheap Insurance Coverage

Performing a rate comparison can take hours if you don’t understand the most efficient way. You can waste hours discussing policy coverages with insurance companies in your area, or you can utilize the internet to achieve your goal.

Most of the larger companies take part in a program where prospective buyers complete one form, and every company then returns a price quote based on that information. This saves time by eliminating quotation requests for each company you want a rate for. To use this form to compare 1996 Lexus ES 300 insurance rates click here (opens in new window).

The single downside to doing it this way is that consumers can’t choose the insurers to get pricing from. If you would rather choose individual companies to request quotes from, we have a listing of low cost insurance coverage companies in your area. Click here for list of insurance companies.

However you get your quotes, make absolute certain that you use identical coverage limits and deductibles for every quote you compare. If you enter higher or lower deductibles you will not be able to make an equal comparison.

Tailor your coverage to you

When it comes to choosing the best insurance coverage, there isn’t really a one size fits all plan. Everyone’s situation is a little different so this has to be addressed. Here are some questions about coverages that can aid in determining if your insurance needs would benefit from an agent’s advice.

How many claims can I have before being cancelled?
At what point should I drop full coverage?
What discounts do I qualify for?
Who is covered when they drive my 1996 Lexus ES 300?
How can I find cheaper teen driver insurance?
How does medical payments coverage work?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to an agent. To find an agent in your area, simply complete this short form or click here for a list of insurance companies in your area. It’s fast, free and you can get the answers you need.

Insurance coverages explained

Knowing the specifics of your policy aids in choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be confusing and reading a policy is terribly boring. Listed below are typical coverages offered by insurance companies.

Auto liability insurance

This coverage protects you from damages or injuries you inflict on other people or property in an accident. This coverage protects you from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 100/300/100 which means $100,000 bodily injury coverage, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability coverage protects against things such as repair costs for stationary objects, emergency aid, funeral expenses, repair bills for other people’s vehicles and court costs. How much liability should you purchase? That is up to you, but consider buying as much as you can afford.

Comprehensive insurance

This covers damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like falling objects, hitting a deer, hitting a bird and vandalism. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for things like funeral costs, pain medications, hospital visits and X-ray expenses. They are used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision coverage

Collision coverage pays for damage to your ES 300 resulting from a collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like rolling your car, crashing into a ditch, colliding with another moving vehicle and damaging your car on a curb. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Lexus ES 300.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.