Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years’ experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent Benji Carr

UPDATED: Dec 21, 2017

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Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

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Paying more affordable coverage rates for Driversauto insurance is always very difficult for drivers who are new to online comparison shopping. Drivers have so many options available that it can easily turn into a big hassle to find better prices.

It is always a good idea to shop coverage around on a regular basis because auto insurance prices are variable and change quite frequently. Even if you got the best deal for LS 430 coverage six months ago there may be better deals available now. You’ll find quite a bit of inaccurate information about auto insurance online but in this article, you’re going to get the best ways to slash your auto insurance rates.

Buying car insurance is easy if you know what you’re doing. If you are paying for car insurance now, you stand a good chance to be able to reduce your rates substantially using these methods. Although consumers do need to understand the methods companies use to price online insurance.

Take advantage of every car insurance discount

Insuring your vehicles can cost a lot, but you might already qualify for some discounts that can help lower your rates. Most are applied at the time of purchase, but a few must be manually applied before they will apply. If you don’t get every credit possible, you could be saving more on your car insurance.

  • Discount for Life Insurance – Not all companies offer life insurance, but some may give you better rates if you take out life insurance.
  • Professional Organizations – Being a member of qualifying clubs or civic groups is a good way to get lower rates on your next car insurance statement.
  • Pay Now and Pay Less – If you can afford to pay the entire bill rather than paying in monthly installments you can avoid the installment charge.
  • Discounts for New Vehicles – Putting coverage on a new car can get you a discount since newer models have better safety ratings.
  • Military Deployment Discount – Having a deployed family member may lower your premium rates slightly.
  • E-sign – A few car insurance companies will provide an incentive for completing your application on the internet.
  • Early Signing – Some car insurance companies reward drivers for buying a policy prior to your current policy expiring. You could save around 10% when you buy insurance coverage online.
  • No Charge for an Accident – Not necessarily a discount, but a handful of insurance companies will let one accident slide without raising rates if your claims history is clear for a specific time period.

Just know that most discount credits are not given the the whole policy. Most only cut individual premiums such as comprehensive or collision. Just because it seems like having all the discounts means you get insurance for free, you’re out of luck. Any qualifying discounts will bring down your policy cost.

A list of car insurance companies and a summarized list of policyholder discounts are shown below.

  • State Farm may include discounts for anti-theft, good driver, accident-free, Steer Clear safe driver discount, and good student.
  • American Family may offer discounts for good driver, mySafetyValet, TimeAway discount, multi-vehicle, and Steer into Savings.
  • AAA includes discounts for education and occupation, anti-theft, pay-in-full, good driver, multi-car, and good student.
  • GEICO offers discounts for multi-vehicle, federal employee, good student, multi-policy, five-year accident-free, and anti-lock brakes.
  • Mercury Insurance offers discounts including annual mileage, location of vehicle, good student, low natural disaster claims, and good driver.
  • Farmers Insurance offers premium reductions for distant student, good student, electronic funds transfer, bundle discounts, and switch companies.
  • Progressive has discounts for online signing, online quote discount, multi-policy, good student, homeowner, and multi-vehicle.

If you are trying to find the cheapest insurance coverage quotes, ask all companies you are considering which discounts they offer. Some credits may not apply in every state. To locate insurance companies who offer cheap car insurance quotes, click this link.

Enter your zip code below to view companies that have cheap auto insurance rates.

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How to know if you need help

When it comes to choosing the right insurance coverage for your vehicles, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s.

These are some specific questions can help discover if your insurance needs could use an agent’s help.

  • Can I afford low physical damage deductibles?
  • What vehicles should carry emergency assistance coverage?
  • What is the ISO rating for a 2002 Lexus LS 430?
  • Do I need replacement cost coverage?
  • Are my tools covered if they get stolen from my vehicle?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Do I need rental car coverage?

If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form.

Auto insurance coverage options for a Lexus LS 430

Learning about specific coverages of auto insurance can be of help when determining which coverages you need for your vehicles. The coverage terms in a policy can be confusing and reading a policy is terribly boring.

Auto collision coverage

This coverage will pay to fix damage to your LS 430 from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as hitting a mailbox, scraping a guard rail, crashing into a ditch, rolling your car and damaging your car on a curb. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. It’s also possible to increase the deductible to bring the cost down.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for doctor visits, ambulance fees, X-ray expenses, hospital visits and prosthetic devices. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover you and your occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and may carry a deductible

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your 2002 Lexus LS 430.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Comprehensive coverage

This will pay to fix damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as a tree branch falling on your vehicle, fire damage, damage from getting keyed, damage from flooding and damage from a tornado or hurricane. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Coverage for liability

Liability insurance can cover damage or injury you incur to other’s property or people that is your fault. This insurance protects YOU from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 100/300/100 which stand for a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability insurance covers claims such as court costs, funeral expenses and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but consider buying higher limits if possible.

Final considerations

We covered many ways to get a better price on 2002 Lexus LS 430 insurance. The key thing to remember is the more providers you compare, the better your comparison will be. Consumers could even find that the best rates are with some of the lesser-known companies.

Lower-priced 2002 Lexus LS 430 insurance is definitely available both online in addition to local insurance agencies, so you should compare both to have the best chance of lowering rates. There are still a few companies who may not have price quotes online and most of the time these regional carriers sell through independent insurance agents.

When you buy insurance coverage online, it’s not a good idea to skimp on coverage in order to save money. Too many times, an insured dropped comprehensive coverage or liability limits to discover at claim time that it was a big mistake. The ultimate goal is to buy the best coverage you can find at the best possible price while not skimping on critical coverages.

More tips and info about insurance is located in the articles below: