2000 Lexus RX 300 Car Insurance Quotes – 5 Ideas for Cheaper Rates

Want lower car insurance rates for your Lexus RX 300? Trying to find low-cost insurance for your Lexus RX 300 could be a painful process, but you can learn a few tricks to save time.

There are both good and bad ways to buy car insurance and you need to know the proper way to compare rates for a new or used Lexus and find the lowest possible price either online or from local insurance agents.

It is always a good idea to price shop coverage before your policy renews since rates are variable and change quite frequently. Just because you had the lowest rates for RX 300 insurance six months ago you can probably find a better price now. Ignore everything you know about car insurance because you’re about to find out one of the quickest ways to lower your rates without sacrificing coverage.

If you have insurance now or are looking for a new policy, you can use these tips to find the best rates and still get good coverage. Locating cheaper insurance coverage coverage is easy if you know what you’re doing. Drivers only need to know the proper way to get comparison quotes over the internet.

Comprehensive Insurance Coverage Comparison

Performing a rate comparison can be a daunting task if you don’t know the best way to get rate quotes. You could waste time talking to insurance companies in your area, or you could save time and use the web for quick rates.

Most car insurance companies belong to an insurance system that enables customers to only type in their quote data once, and each participating company then returns a price quote based on the submitted data. This system prevents you from having to do quotation requests for each company.

To enter your information into the quoting system, click here to open in new window.

The only drawback to using this type of form is you don’t know exactly which providers you will receive quotes from. So if you prefer to choose specific insurance companies to compare, we put together a list of the cheapest insurance coverage companies in your area. Click to view list.

Which method you use is up to you, but make absolute certain that you use apples-to-apples coverage information on every quote. If you have different deductibles it will be impossible to truly determine the lowest rate.

Get lower rates on 2000 Lexus RX 300 insurance

Car insurance is not cheap, but there are discounts available to help offset the cost. A few discounts will automatically apply when you purchase, but lesser-known reductions have to be inquired about prior to receiving the credit. If they aren’t giving you every credit available, you’re paying more than you need to.

  • Lower Rates for Military – Having a family member in the military can result in better rates.
  • Seat Belt Usage – Drivers who require all occupants to use a seat belt can save up to 15% off your medical payments premium.
  • Braking Control Discount – Vehicles equipped with ABS or steering control can reduce accidents and therefore earn up to a 10% discount.
  • Safe Driver Discount – Drivers who avoid accidents may save up to 50% more for RX 300 insurance than their less cautious counterparts.
  • Passive Restraint Discount – Vehicles with factory air bags and/or automatic seat belt systems can qualify for discounts of up to 25% or more.

It’s important to understand that many deductions do not apply to the overall cost of the policy. Most only reduce specific coverage prices like comprehensive or collision. So even though it sounds like having all the discounts means you get insurance for free, you’re out of luck. Any amount of discount will reduce your overall premium however.

Companies that may offer some of the above discounts are:

It’s a good idea to ask all companies you are considering which discounts they offer. Discounts may not apply in your area.

Tailor your coverage to you

When it comes to choosing adequate coverage, there really is not a one size fits all plan. Everyone’s situation is a little different.

For instance, these questions can help discover if you will benefit from professional help.

  • Is my cargo covered for damage or theft?
  • Do all my vehicles need collision coverage?
  • Should I sign the liability waiver when renting a car?
  • Am I covered if I hit my neighbor’s mailbox?
  • Should I have combined single limit or split liability limits?
  • Do I pay less if my vehicle is kept in my garage?
  • Does insurance cover tools stolen from my truck?

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to an agent. If you want to speak to an agent in your area, complete this form. It’s fast, free and can provide invaluable advice.

Auto insurance specifics

Knowing the specifics of your policy can help you determine the right coverages and the correct deductibles and limits. Policy terminology can be confusing and nobody wants to actually read their policy.

Liability

Liability coverage can cover damage or injury you incur to other people or property that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 100/300/100 that translate to a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Alternatively, you may have a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for claims like funeral expenses, repair costs for stationary objects, medical expenses, attorney fees and repair bills for other people’s vehicles. The amount of liability coverage you purchase is up to you, but buy as large an amount as possible.

Collision insurance

This covers damage to your RX 300 resulting from colliding with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as rolling your car, crashing into a ditch and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. It’s also possible to bump up the deductible to bring the cost down.

Comprehensive auto coverage

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for things such as falling objects, fire damage, damage from flooding, a broken windshield and a tree branch falling on your vehicle. The highest amount your auto insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance provide coverage for expenses for things like prosthetic devices, dental work, hospital visits, chiropractic care and rehabilitation expenses. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Usually these limits are identical to your policy’s liability coverage.