Lexus LS 500 Insurance Rates

There are many options when attempting to insure your Lexus vehicle. You can get prices from an insurance agent or price shop online to check prices from lots of different providers. Finding cheaper auto insurance through online providers is simple to do and there is a good chance you may find lower rates.

Finding the best direct price on auto insurance can be a challenge if you have never used online rate quotes. But don't let that discourage you because we're going to show you how. Getting cheaper insurance rates is surprisingly easy. The only requirement is to invest a few minutes to compare quotes online with multiple companies. It is quite easy and can be accomplished by completing this short form.

FREE Car Insurance Comparison

Insurance premiums for a Lexus LS 500 will vary greatly subject to many criteria. Some of these factors include:

• More performance equals higher cost
• Your accident history
• Home/auto policy bundles save money
• Use of your vehicle
• Your birth date
• Having a spouse can save money
• Extra coverages like towing and rental
• Whether or not you have claims
• Having continuous coverage saves you money
• Whether you own your home

One important consideration which can affect your rates is the age of the vehicle. New vehicles have a higher actual cash value compared to older Lexus models so the payout to repair will push premiums up. Although newer vehicles have more advanced features included like active head restraints, automatic crash notification, blind-spot warning system, and adaptive cruise control so those may give discounted rates.

To get a better understanding how much rates will be for your vehicle, select the year of your LS 500 below.

• 2018 Lexus LS 500 Insurance Rates

Liability auto insurance

Lexus LS 500 liability coverage can cover damage that occurs to other people or property that is your fault. Liability insurance covers things like legal defense fees, bail bonds, and repair bills for other people's vehicles. This coverage is usually fairly inexpensive so buy as much as you can afford.

Auto collision coverage

This covers damage to your Lexus caused by collision with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage. Lexus LS 500 collision insurance is rather expensive coverage, so consider removing coverage from lower value vehicles. It's also possible to increase the deductible in order to get cheaper Lexus LS 500 insurance rates.

Comprehensive (Other than Collision)

Comprehensive insurance 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. The maximum amount you'll receive from a claim is the market value of your vehicle, so if the vehicle's value is low it's probably time to drop comprehensive insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.

Medical expense insurance

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses like nursing services, prosthetic devices, and dental work. They are used to fill the gap from your health insurance plan or if you are not covered by health insurance. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage.

How Much are Lexus LS 500 Insurance Rates?