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: Feb 17, 2018

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Trying to find better insurance rates for your Lexus LS 430? Shopping for budget-priced insurance may at first seem to be rather challenging for people new to online price comparisons. Because there are so many insurers available, how are people able to efficiently compare every one to find cheaper insurance prices?

If you currently have a car insurance policy, you will most likely be able to lower your premiums substantially using these methods. Locating affordable coverage is quite easy. But drivers need to learn the way insurance companies sell insurance online and take advantage of how the system works.

Take policy discounts and save

Insurance can be prohibitively expensive, but you can get discounts that can help lower your rates. Some trigger automatically at the time you complete a quote, but lesser-known reductions have to be specially asked for in order for you to get them.

  • Pay Now and Pay Less – If you pay your bill all at once rather than spreading payments over time you may have a lower total premium amount.
  • Telematics Data Discounts – People who choose to allow their car insurance company to study when and where they use their vehicle by using a small device installed in their vehicle such as Progressive’s Snapshot could possibly reduce rates as long as the data is positive.
  • Accident Forgiveness Coverage – Not really a discount, but a handful of insurance companies will turn a blind eye to one accident before your rates go up if you have no claims before the accident.
  • Passive Restraints and Air Bags – Cars that have air bags or automatic seat belts can receive discounts of up to 25% or more.
  • Military Deployment Discount – Being deployed with a military unit may qualify for rate reductions.

Policy discounts save money, but most discounts do not apply to the overall cost of the policy. Some only reduce specific coverage prices like comp or med pay. Even though the math looks like having all the discounts means you get insurance for free, it doesn’t quite work that way.

A few companies that have some of the above discounts are:

If you want cheap insurance coverage quotes, ask all companies you are considering which discounts you qualify for. A few discounts might not apply everywhere. If you would like to choose from a list of insurers who offer car insurance discounts, click here.

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

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Cheapest auto insurance quotes

To find more affordable prices, there are a couple of ways of comparing rates from different insurance companies. The simplest method to compare rates is to get quotes online. It is quite easy and can be accomplished in several different ways.

  1. One of the fastest ways to find low rates is to use a rate comparison form click here to open form in new window. This quick form keeps you from doing separate forms for every company. One simple form gets rate comparisons instantly. Recommended for those who want to invest the least amount of time.
  2. Another way to analyze rates consists of going to each individual company website to complete their respective quote request forms. For example, let’s assume you want to compare Auto-Owners, Allstate and GEICO. In order to get each rate, you would have to navigate to each company’s site and enter your policy data, which is not fast way to get rate quotes.

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

  3. If you have time to kill, the last way to find and compare rates is calling or driving to different agent offices. Comparing rates online eliminates the middleman unless you want the trained advice of a licensed agent. If you prefer, some companies allow you to comparison shop online but buy the policy through an agent.

It’s up to you how you get prices quotes, just compare exactly the same quote data for each quote you get. If the quotes have differing limits you will not be able to make a fair comparison for your Lexus LS 430. Slightly different limits may cause a big price difference. Just remember that having more price comparisons will increase your chances of finding the best rates.

Which policy gives me the best coverage?

When buying coverage for your vehicles, there is no one size fits all plan. Each situation is unique.

These are some specific questions might point out whether your personal situation might need professional guidance.

  • Does my insurance cover my expensive audio equipment?
  • Is extra glass coverage worth it?
  • Do I need medical payments coverage since I have good health insurance?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Am I missing any policy discounts?
  • Will filing a claim cost me more?
  • Am I covered when pulling a rental trailer?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form.

Auto insurance coverage information

Understanding the coverages of your policy can help you determine appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be confusing and reading a policy is terribly boring.

Auto liability insurance

This provides protection from damage or injury you incur to other people or property by causing an accident. It protects you against other people’s claims, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability insurance covers things such as structural damage, emergency aid, medical services and court costs. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as high a limit as you can afford.

Comprehensive insurance

Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like a broken windshield, damage from getting keyed, rock chips in glass and falling objects. The highest amount your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Lexus LS 430.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage provide coverage for expenses such as chiropractic care, funeral costs, nursing services and dental work. The coverages can be utilized in addition to your health insurance program or if you do not have health coverage. It covers both the driver and occupants and also covers being hit by a car walking across the street. PIP coverage is not universally available but can be used in place of medical payments coverage

Collision protection

Collision coverage pays for damage to your LS 430 resulting from a collision with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like crashing into a building, colliding with another moving vehicle and hitting a mailbox. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. You can also choose a higher deductible to save money on collision insurance.

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

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Be a smart shopper

Budget-friendly insurance is attainable from both online companies and also from your neighborhood agents, so you need to quote insurance coverage with both to have the best chance of lowering rates. There are still a few companies who may not offer rates over the internet and these smaller providers prefer to sell through independent agents.

When you buy insurance coverage online, it’s not a good idea to skimp on coverage in order to save money. There are many occasions where consumers will sacrifice liability limits or collision coverage only to find out they didn’t purchase enough coverage. The proper strategy is to buy the best coverage you can find at a price you can afford, but don’t skip important coverages to save money.

You just learned some good ideas how you can get a better price on 2003 Lexus LS 430 insurance. The key concept to understand is the more rate comparisons you have, the better chance you’ll have of finding cheaper insurance coverage. You may even discover the lowest prices come from a smaller regional carrier.

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