Compare 1997 Lexus LS 400 Insurance Cost

Searching for better insurance coverage rates for your Lexus LS 400? Locating better insurance prices for a new or used Lexus LS 400 can normally be an all-consuming task, but you can use our insurance coverage buying tips to make it easier. There is a better way to buy insurance coverage so you’re going to learn the proper way to get price quotes for your Lexus and locate the cheapest rates from local insurance agents and online providers.

It’s a good habit to do price comparisons every six months because insurance coverage prices are variable and change quite frequently. Even if you think you had the best rate for LS 400 insurance a year ago you may be paying too much now. You can find a lot of wrong information about insurance coverage on the internet, but you can learn the best ways to put money back in your pocket.

How to buy insurance online

Lowering your 1997 Lexus LS 400 insurance rates is surprisingly easy. Drivers just need to invest a little time comparing price quotes to find. It’s super easy and can be done in just a few minutes using one of these methods.

  1. The easiest and least time consuming way consumers can analyze rates is a comparison rater form click to view form in new window. This form eliminates the need for boring form submissions for each company. A single form will get you price quotes from several companies. Recommended for those who want to invest the least amount of time.
  2. Another way to obtain and compare quotes online consists of visiting the website for each individual company and repeat the quote process. For sake of this example, let’s assume you want rates from Farmers, State Farm and GMAC. You would need to spend time on each company’s site and repeatedly type in your coverage information, which is why the first method is quicker.

    For a handy list of car insurance company links in your area, click here.

  3. The hardest method to compare price estimates is going to each insurance agency near you. Quoting and buying insurance online makes this unnecessary unless you require the trained guidance that only an agent can give. Although you can find lower rates online but buy the policy through an agent.

Compare rates however you want, just be sure you’re using the same coverage data for every quote you compare. If you are comparing different limits and deductibles on each one it’s not possible to determine the lowest rate for your Lexus LS 400.

More discounts mean cheap premiums

Insurance is not an enjoyable expense, but there may be some discounts to cut the cost considerably. Some of these disounts will be visible at the time of quoting, but a few must be specially asked for before being credited.

  • Braking Control Discount – Cars, trucks, and SUVs equipped with ABS or steering control can avoid accidents and therefore earn up to a 10% discount.
  • Accident Forgiveness – This one is not really a discount per se, but companies like State Farm, Progressive and GEICO permit an accident before your rates go up if your claims history is clear for a certain period of time.
  • Driver Safety – Completing a driver safety class could earn you a small percentage discount and easily recoup the cost of the course.
  • Multi-Vehicle Discounts – Buying coverage for more than one vehicle with the same insurance company qualifies for this discount.
  • Bundle and Save – If you can bundle your auto and homeowners insurance with one company you could earn a discount of at least 10 to 15 percent or more.
  • Sign Early and Save – Some insurance companies give discounts for buying a new policy before your current expiration date. This can save 10% or more.
  • Onboard Data Collection – Policyholders that allow their insurance company to study vehicle usage by using a telematic data system like Drivewise from Allstate or In-Drive from State Farm could see a rate decrease if they are good drivers.
  • Accident-Free Discounts – Insureds who avoid accidents and claims pay less as opposed to drivers who are more careless.
  • Theft Deterent – Cars and trucks equipped with tracking devices and advanced anti-theft systems can help prevent theft and can earn a small discount on your policy.

We need to note that some credits don’t apply the the whole policy. Most only apply to the price of certain insurance coverages like comprehensive or collision. Despite the appearance that you could get a free insurance policy, insurance companies wouldn’t stay in business.

Auto insurance companies that may offer most of the discounts above are:

Before buying, ask each company or agent which credits you are entitled to. Some credits may not be offered everywhere.

It’s not one size fits all

When it comes to buying the best car insurance coverage, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s.

Here are some questions about coverages that might point out whether you might need professional guidance.

  • What is UM/UIM insurance?
  • What is covered by UM/UIM coverage?
  • Can I afford to buy a different vehicle if my 1997 Lexus LS 400 is totaled?
  • Is motorclub coverage worth it?
  • What is an SR-22 filing?
  • If I drive on a suspended license am I covered?
  • When can I cancel my policy?
  • What happens if I owe more than my 1997 Lexus LS 400 is worth?

If it’s difficult to answer those questions, then you may want to think about talking to an insurance agent. If you don’t have a local agent, take a second and complete this form. It only takes a few minutes and you can get the answers you need.

Car insurance coverage considerations

Understanding the coverages of car insurance can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be confusing and reading a policy is terribly boring.

Coverage for liability

Liability coverage will cover damage that occurs to a person or their property. This insurance protects YOU from claims by other people. It does not cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 25/50/25 that translate to $25,000 bodily injury coverage, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability insurance covers claims like pain and suffering, repair bills for other people’s vehicles, attorney fees, loss of income and structural damage. The amount of liability coverage you purchase is a personal decision, but buy higher limits if possible.

Collision coverage

Collision insurance covers damage to your LS 400 caused by collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things like sustaining damage from a pot hole, scraping a guard rail, driving through your garage door and damaging your car on a curb. This coverage can be expensive, so consider dropping it from lower value vehicles. It’s also possible to bump up the deductible to save money on collision insurance.

Comprehensive insurance

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

Comprehensive coverage pays for claims like fire damage, damage from getting keyed and hail damage. The maximum amount your car insurance company will pay is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection from other motorists when they do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your Lexus LS 400.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses like nursing services, prosthetic devices, doctor visits and surgery. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage