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: Oct 5, 2015

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Want lower insurance rates? Drivers have lots of choices when trying to find the best price on Lexus LS 430 insurance. You can either spend your time calling around getting price quotes or save time using the internet to find the lowest rates.

There are more efficient ways to shop for insurance and you need to know the proper way to compare rates for your Lexus and locate the lowest possible price from both online companies and local agents.

Consumers need to shop coverage around as often as possible since prices change regularly. Even if you think you had the best quotes on LS 430 coverage a couple years back the chances are good that you can find a lower rate today. Forget all the misinformation about insurance because we’re going to show you the proper way to find better rates and still maintain coverage.

How to get free insurance quotes online

The majority of larger companies such as Allstate and Progressive allow consumers to get prices directly from their websites. Comparing rates online is quite simple as you simply type in your coverage preferences into the quote form. After you complete the form, the system automatically orders your driving record and credit report and returns a price.

Online price estimates makes it simple to compare prices but having to visit a lot of sites and type in the same information is monotonous and tiresome. But it’s very important to have as many quotes as possible if you are searching for the lowest possible prices on insurance.

A more efficient way to lower your rates is to use a quote form that gets price quotes from a lot of companies. It’s a real time-saver, requires less work, and makes quoting online much simpler. As soon as you send your information, it gets priced and you can choose any one of the quotes that you receive.

If one or more price quotes are lower than your current rates, you can click and sign and purchase coverage. This process can be completed in a matter of minutes and may save quite a bit of money.

If you want to fill out one form to compare multiple rates now, click here to open in new window and enter your information. If you currently have coverage, we recommend you complete the form with your coverages just like they are on your policy. This way, you will get an apples-to-apples comparison for the exact same coverage.

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

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Advertising myths

Drivers can’t get away from ads that claim the lowest car insurance rates from the likes of Allstate and Progressive. All the ads tend to make the same promise that drivers will save a bundle if you get a free car insurance quote and switch to their company.

Is it even possible that every company can offer drivers better rates?

Insurance providers have underwriting criteria for the type of customer that earns them the highest profit. A good example of this type of insured might be described as over the age of 45, has a clean driving record, and has great credit. A customer getting a price quote that matches those criteria will get a cheap rate quote and is almost guaranteed to cut their rates substantially.

Consumers who are not a match for these criteria will probably be forced to pay higher rates which results in business not being written. If you listen to the ad wording, they say “drivers that switch” but not “all drivers who get quotes” save that much money. That is how companies can truthfully make it sound like they have such great car insurance rates.

This illustrates why it is so important to get a wide range of price quotes. It’s just not possible to know which insurance companies will provide you with the cheapest rates.

Take these eight policy discounts and save

Companies do not list all possible discounts in a way that’s easy to find, so we took the time to find a few of the more well known as well as the least known credits available to bring down your rates.

  • Theft Deterent – Cars equipped with tracking devices and advanced anti-theft systems can help prevent theft and can earn a small discount on your policy.
  • Passenger Safety Discount – Vehicles equipped with air bags can qualify for discounts of up to 25% or more.
  • One Accident Forgiven – Not really a discount, but certain companies may permit one accident before they charge you more for coverage if you have no claims for a set time period.
  • Low Miles Discount – Keeping the miles down on your Lexus can qualify you for lower rates on the low mileage vehicles.
  • Auto/Home Discount – When you have multiple policies with one insurance company you will save up to 20% and get you inexpensive car insurance.
  • Accident-Free Discounts – Drivers with accident-free driving histories can save substantially in comparison with insureds who have frequent claims or accidents.
  • Save over 55 – If you qualify as a senior citizen, you can get a slight reduction on a car insurance quote on LS 430 coverage.
  • Defensive Driver – Participating in a driver safety class could possibly earn you a 5% discount and make you a better driver.

As a footnote on discounts, most discount credits are not given to the overall cost of the policy. Some only reduce specific coverage prices like comp or med pay. So despite the fact that it appears all the discounts add up to a free policy, you’re out of luck. But any discount will definitely reduce the cost of your policy.

The best insurance coverage companies and their offered discounts are outlined below.

  • AAA policyholders can earn discounts including good driver, multi-car, good student, anti-theft, education and occupation, and AAA membership discount.
  • Progressive may include discounts for online signing, homeowner, continuous coverage, online quote discount, multi-policy, and multi-vehicle.
  • State Farm may have discounts that include defensive driving training, anti-theft, accident-free, good driver, good student, and safe vehicle.
  • Esurance has savings for claim free, online shopper, paid-in-full, Switch & Save, DriveSense, renters, and anti-lock brakes.
  • Nationwide offers premium reductions for easy pay, family plan, multi-policy, defensive driving, anti-theft, Farm Bureau membership, and business or organization.

Before you buy a policy, ask each company or agent which credits you are entitled to. Some discounts might not be available to policyholders in every state. For a list of insurance coverage companies with the best insurance coverage discounts, click here.

Which policy gives me the best coverage?

When buying adequate coverage for your vehicles, there really is no one size fits all plan. Every situation is different.

These are some specific questions may help highlight if your insurance needs would benefit from an agent’s advice.

  • Are my friends covered when driving my 2004 Lexus LS 430?
  • Am I missing any policy discounts?
  • When do I need to add a new car to my policy?
  • Is other people’s property covered if stolen from my vehicle?
  • Should I file a claim if it’s only slightly more than my deductible?
  • I have good health insurance, so how much medical payments coverage do I need?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to an agent. If you want to speak to an agent in your area, complete this form. It’s fast, free and can provide invaluable advice.

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

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Auto insurance coverage breakdown

Learning about specific coverages of your auto insurance policy helps when choosing which coverages you need and proper limits and deductibles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording.

Collision – This will pay to fix damage to your LS 430 resulting from a collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as backing into a parked car, rolling your car, sideswiping another vehicle and driving through your garage door. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to increase the deductible in order to get cheaper collision rates.

Comprehensive coverage – This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as vandalism, damage from a tornado or hurricane and rock chips in glass. The maximum amount your auto insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Liability coverages – Liability coverage provides protection from damages or injuries you inflict on people or other property that is your fault. It protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 50/100/50 that translate to $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for things such as funeral expenses, structural damage, loss of income, court costs and medical expenses. The amount of liability coverage you purchase is your choice, but you should buy as large an amount as possible.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP provide coverage for expenses such as dental work, EMT expenses, ambulance fees and X-ray expenses. They can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and also any damage incurred to your Lexus LS 430.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Money doesn’t grow on trees

A few companies may not offer online rate quotes and usually these regional carriers only sell through independent agents. Lower-priced 2004 Lexus LS 430 insurance is attainable both online and from local insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from.

Consumers who switch companies do it for any number of reasons including poor customer service, high rates after DUI convictions, being labeled a high risk driver and delays in paying claims. It doesn’t matter what your reason, finding a new company can be easy and end up saving you some money.

As you shop your coverage around, it’s not a good idea to buy poor coverage just to save money. There are a lot of situations where an accident victim reduced physical damage coverage only to discover later that it was a big error on their part. The proper strategy is to buy the best coverage you can find at the best price but still have enough coverage for asset protection.

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