2000 Lexus LS 400 Insurance Quotes – 6 Tips for Best Rates

Drivers have options when trying to find low-cost Lexus LS 400 insurance. They can either spend hours contacting agents to get rate comparisons or leverage the internet to compare rates.

There are both good and bad ways to buy car insurance and you need to know the quickest way to price shop coverage on a Lexus and get the lowest price either online or from local insurance agents.

If you have a current car insurance policy or are just looking to switch companies, you will benefit by learning to find the best rates while maintaining coverages. The purpose of this post is to help you learn how car insurance quotes work and some money-saving tips. Consumers just need to learn the most efficient way to shop their coverage around online.

How to Lower Your Insurance Cost

Finding a better price on insurance is not a difficult process. You just have to invest a few minutes to compare quotes online from several insurance companies. It is quite easy and can be accomplished in just a few minutes using one of these methods.

  1. One of the simplest ways to compare a lot of rates at once would be an industry-wide quote request form click to view form in new window. This easy form prevents you from having to do separate forms to each individual insurance company. A single form will return quotes from insurance companies with the best prices. Recommended for those who want to invest the least amount of time.
  2. A more difficult way to shop for insurance online requires a trip to each company website and complete a new quote form. For examples sake, let’s assume you want rates from State Farm, Liberty Mutual and Farmers. You would have to go to every website to input your insurance information, which is why most consumers use the first method. For a list of links to companies insuring cars in your area, click here.
  3. The least recommended way of comparing rate quotes is to drive around to local insurance agencies. The ability to buy insurance online has reduced the need for local agents unless you have a need for the professional advice that only a license agent can provide. However, consumers can comparison shop online but still have the advice of a local agent. We’ll cover that shortly.

It doesn’t matter which method you choose, just make darn sure you compare apples-to-apples coverage information on every quote. If the quotes have different deductibles you can’t possibly find the best deal for your Lexus LS 400.

Insurance agents can help

When choosing adequate coverage, there really is no best way to insure your cars. Every situation is different.

Here are some questions about coverages that might help in determining whether your personal situation would benefit from an agent’s advice.

  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Which is better, split liability limits or combined limits?
  • Should I rate my 2000 Lexus LS 400 as pleasure use or commute?
  • Do I need roadside assistance coverage?
  • Am I covered if I hit a deer?
  • Should I buy only the required minimum liability coverage?
  • What is an SR-22 filing?
  • Do I have coverage when making deliveries for my home business?
  • What can I do if my company won’t pay a claim?

If you don’t know the answers to these questions then you might want to talk to an insurance agent. To find an agent in your area, take a second and complete this form. It’s fast, doesn’t cost anything and you can get the answers you need.

Car insurance 101

Having a good grasp of your policy helps when choosing the right coverages and the correct deductibles and limits. Policy terminology can be confusing and coverage can change by endorsement.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your Lexus LS 400.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Most of the time the UM/UIM limits are set the same as your liablity limits.

Comprehensive (Other than Collision)

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

Comprehensive insurance covers things such as vandalism, damage from getting keyed, falling objects, rock chips in glass and damage from flooding. The highest amount your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Coverage for liability

Liability coverage can cover damages or injuries you inflict on other people or property. It protects you against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Alternatively, you may have a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against things such as medical services, attorney fees, pain and suffering, legal defense fees and bail bonds. The amount of liability coverage you purchase is up to you, but you should buy as high a limit as you can afford.

Medical expense insurance

Coverage for medical payments and/or PIP kick in for short-term medical expenses such as EMT expenses, funeral costs and nursing services. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision coverage protection

This covers damage to your LS 400 resulting from a collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like driving through your garage door, crashing into a building, hitting a mailbox and hitting a parking meter. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. You can also increase the deductible in order to get cheaper collision rates.