How Much Does 2004 Lexus LX 470 Car Insurance Cost?

Looking for lower auto insurance rates for your Lexus LX 470? Are you regretting the purchase of an expensive auto insurance policy? You’re in good company because there are many drivers thinking the same thing. Companies like GEICO, Progressive and Allstate constantly blast consumers with catchy ads and it is difficult to sift through the bull and effectively compare rates to find the best deal.

The best way we recommend to compare policy rates utilizes the fact most of the larger companies have advanced systems to give rate comparisons. To get started, all you need to do is provide a small amount of information such as the ages of drivers, how your vehicles are used, an estimate of your credit level, and types of safety features. That rating information is instantly submitted to many different companies and you will get price comparisons with very little delay.

If you wish to get multiple quotes for your Lexus LX 470 now, click here and find out if you can get cheaper insurance.

Get lower rates by taking advantage of discounts

The price of auto insurance can be rather high, but you may find discounts that you may not even know about. Certain discounts will be triggered automatically at the time you complete a quote, but lesser-known reductions have to be requested specifically in order for you to get them.

  • Active Military Service – Being deployed with a military unit could trigger a small discount.
  • Seat Belt Discounts – Drivers who require all vehicle occupants to buckle their seat belts can save 10% or more off PIP or medical payments premium.
  • Good Students Pay Less – Getting good grades can get you a discount of up to 25%. Earning this discount can benefit you well after school through age 25.
  • Driver Training Discounts – Taking time to complete a course teaching driver safety skills could cut 5% off your bill and easily recoup the cost of the course.
  • Senior Discount – Drivers over the age of 55 may be able to get a discount up to 10% on LX 470 coverage.
  • Government Employees – Active or former government employment can earn a discount up to 10% on LX 470 coverage with a few insurance companies.
  • Multi-Vehicle Discounts – Having multiple vehicles with one company can get a discount on all vehicles.
  • Life Insurance Discount – Not all insurance carriers offer life insurance, but some may give you lower rates if you buy a life insurance policy as well.
  • Telematics Discount – Insureds who allow data collection to analyze where and when they drive remotely like Drivewise from Allstate or In-Drive from State Farm could possibly reduce rates if their driving habits are good.
  • Savings for New Vehicles – Buying insurance on a new vehicle can be considerably cheaper because new model year vehicles are generally safer.

One last thing about discounts, most discounts do not apply to the overall cost of the policy. Some only apply to the price of certain insurance coverages like comprehensive or collision. So when it seems like you can get free auto insurance, you won’t be that lucky.

To view insurance companies with discount insurance rates, click here to view.

How much auto insurance do I need?

When it comes to buying adequate coverage for your vehicles, there really is no best way to insure your cars. Everyone’s needs are different so your insurance needs to address that. These are some specific questions may help you determine whether your personal situation would benefit from an agent’s advice.

  • Am I covered if I wreck a rental car?
  • When should I buy a commercial auto policy?
  • Do I benefit by insuring my home with the same company?
  • Is my camper covered by my car insurance policy?
  • Can I rate high risk drivers on liability-only vehicles?
  • How high should deductibles be on a 2004 Lexus LX 470?

If you can’t answer these questions then you might want to talk to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and you can get the answers you need.

Insurance coverage options for a Lexus LX 470

Knowing the specifics of your policy can be of help when determining which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. Below you’ll find the usual coverages offered by insurance companies.

Coverage for uninsured or underinsured drivers

This coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and damage to your Lexus LX 470.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance provide coverage for bills like X-ray expenses, doctor visits and EMT expenses. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Collision protection

This coverage will pay to fix damage to your LX 470 resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for things such as colliding with another moving vehicle, hitting a parking meter, crashing into a ditch and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Liability coverages

Liability insurance protects you from damage or injury you incur to other’s property or people that is your fault. It protects YOU from legal claims by others. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.

Liability can pay for claims such as emergency aid, funeral expenses, pain and suffering, legal defense fees and structural damage. How much coverage you buy is up to you, but you should buy as high a limit as you can afford.

Comprehensive insurance

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like rock chips in glass, vandalism, damage from getting keyed and damage from a tornado or hurricane. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Affordable insurance is out there

Lower-priced auto insurance is attainable online as well as from independent agents, so you should compare both so you have a total pricing picture. A few companies may not offer online rate quotes and usually these smaller companies only sell through independent agents.

When you buy insurance online, you should never buy less coverage just to save a little money. There are many occasions where an insured cut collision coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to purchase a proper amount of coverage at the best price but still have enough coverage for asset protection.

Additional auto insurance information can be read below: