1999 Lexus RX 300 Insurance Cost

Want better insurance coverage rates for your Lexus RX 300? Pricey insurance coverage can draw down your monthly budget and force you to make tough financial choices. Doing a price comparison is free and is an excellent way to cut your insurance bill.

Many car insurance companies vie for your hard-earned dollar, so it can be very hard to choose a insurer to discover the definitive lowest rate

Compare free insurance quotes

There are several ways you can shop for insurance but one way is less time-consuming than others. You can waste hours driving to agents in your area, or you could use online quoting to achieve your goal.

Many of the larger companies participate in a marketplace that allows shoppers to enter their coverage request one time, and each participating company can give them a price based on that data. This saves time by eliminating form submissions for each company you want a rate for. To access this free quoting program, click to open in new window.

The single downside to using this type of system is that consumers can’t choose which carriers you want pricing from. If you wish to select specific insurance companies to compare, we have a page of low cost insurance companies in your area. Click to view list.

It’s your choice how you get your quotes, but make sure you use exactly the same coverage limits and deductibles for every quote you compare. If you enter mixed coverages you will not be able to determine which rate is truly the best.

Find hidden discounts on insurance coverage

Insurance coverage is expensive, but you might be missing out on some discounts that can drop the cost substantially. Certain reductions will be credited when you purchase, but a few need to be inquired about before they will apply.

  • Seat Belt Usage – Buckling up and requiring all passengers to buckle their seat belts can save up to 10 percent (depending on the company) off PIP or medical payments premium.
  • Driving Data Discount – Drivers who elect to allow driving data collection to scrutinize where and when they drive by using a small device installed in their vehicle such as State Farm’s In-Drive could save a few bucks if they show good driving skills.
  • Resident Student – Any of your kids who attend college more than 100 miles from home and won’t have access to an insured vehicle can be insured at a reduced rate.
  • Defensive Driver Discounts – Completing a defensive driver course is a good idea and can lower rates and easily recoup the cost of the course.
  • Auto/Life Discount – Not every insurance company offers life insurance, but if they do you may earn a break if you buy life insurance from them.

As a disclaimer on discounts, many deductions do not apply to all coverage premiums. Most only reduce individual premiums such as liability and collision coverage. Even though the math looks like you could get a free insurance coverage policy, insurance coverage companies aren’t that generous.

To see a list of insurers who offer discounts, click this link.

Tailor your auto insurance coverage to you

When buying coverage for your vehicles, there is no single plan that fits everyone. Everyone’s situation is a little different so your insurance should reflect that These are some specific questions can help discover if you would benefit from an agent’s advice.

  • Where can I find high-risk insurance?
  • Are my friends covered when driving my 1999 Lexus RX 300?
  • Do I have coverage when making deliveries for my home business?
  • Is a blown tire covered by insurance?
  • Should I buy additional glass protection?
  • What discounts do I qualify for?
  • Am I covered when driving a rental car?
  • Do I need to file an SR-22 for a DUI in my state?

If you don’t know the answers to these questions, you may need to chat with an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies. It’s fast, free and you can get the answers you need.

The Lexus RX 300 insurance premium equation

An important part of buying insurance is that you know some of the things that go into determining insurance coverage rates. If you know what controls the rates you pay, this enables you to make decisions that may reward you with lower rates.

  • Responsible credit equals lower rates – Your credit score is a big factor in your rate calculation. So if your credit history is lower than you’d like, you could be paying less to insure your 1999 Lexus RX 300 by improving your credit score. Drivers who have excellent credit scores tend to file fewer claims than drivers who have poor credit scores.
  • Your career may increase prices – Jobs such as military generals, business owners and miners are shown to have the highest rates attributed to high stress and long work days. On the other hand, occupations such as professors, historians and retirees receive lower rates for RX 300 insurance.
  • More traffic equals higher prices – Being located in smaller towns and rural areas of the country is a good thing when shopping for auto insurance. Drivers in populated areas regularly have traffic congestion and longer commute times. Lower population means less chance of accidents in addition to lower liability claims
  • Small coverages can add up – There are quite a few optional add-on coverages that sound like a good idea at the time if you don’t pay attention. Things like coverage for rental cars, towing, and motor club memberships could be just wasting money. These may sound like a good investment when discussing your needs, but if you don’t need them eliminate the coverages to reduce your premium.
  • Cars with good safety ratings are cheaper to insure – Cars with five star safety ratings tend to be cheaper to insure. These vehicles reduce occupant injuries and reduced instances of injuries translates into fewer and smaller insurance claims and more competitive rates for policyholders.
  • Liability coverage claims can be big – Liability coverage is the coverage that protects you if you are determined to be liable for physical damage or personal injury to other. It provides legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap when compared to the cost of physical damage coverage, so drivers should carry high limits.
  • Marriage can lower costs – Your spouse can get you a discount on your insurance coverage bill. It means you’re less irresponsible and insurance companies like that married drivers tend to file fewer claims.
  • Annual mileage and car insurance premiums – The more you drive your Lexus each year the higher your rates will be. Most insurance companies charge rates based upon how the vehicle is primarily used. Vehicles that have low annual miles receive lower rates than those used for commuting. Verify your declarations sheet reflects the correct usage. Having an incorrect usage rating on your RX 300 is just wasting money.

What insurance coverages do you need?

Understanding the coverages of a insurance policy can help you determine the right coverages at the best deductibles and correct limits. Insurance terms can be ambiguous and coverage can change by endorsement. These are the usual coverages offered by insurance companies.

Auto liability insurance

This coverage protects you from injuries or damage you cause to other’s property or people that is your fault. It protects you against claims from other people. It does not cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability can pay for claims like court costs, funeral expenses and repair costs for stationary objects. The amount of liability coverage you purchase is up to you, but buy as much as you can afford.

Collision coverage

Collision coverage pays for damage to your RX 300 from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage protects against things such as hitting a mailbox, scraping a guard rail and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and also any damage incurred to your Lexus RX 300.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Most of the time the UM/UIM limits are similar to your liability insurance amounts.

Comprehensive protection

Comprehensive insurance 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 coverage protects against things such as hitting a deer, damage from getting keyed and damage from a tornado or hurricane. The maximum amount you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Medical expense coverage

Medical payments and Personal Injury Protection insurance reimburse you for bills like hospital visits, funeral costs, dental work and doctor visits. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants as well as being hit by a car walking across the street. PIP coverage is not universally available and may carry a deductible

Final thoughts

As you restructure your insurance plan, never buy poor coverage just to save money. There have been many situations where an insured cut liability limits or collision coverage only to regret they didn’t have enough coverage. Your objective should be to get the best coverage possible for the lowest cost and still be able to protect your assets.

In this article, we presented a lot of tips how to save on 1999 Lexus RX 300 insurance. The most important thing to understand is the more you quote car insurance, the better likelihood of getting the cheapest car insurance. You may even find the best rates are with a smaller regional carrier. These smaller insurers may only write in your state and offer lower car insurance rates compared to the large companies like Allstate or State Farm.

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