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 the cheapest insurance coverage rates for your Lexus LS 430? Are you burned out from being strong-armed to pay your insurance coverage bill each month? You have the same problem as most other consumers.

Online insurance companies like State Farm, GEICO and Farmers Insurance persitently shower you with ads and it is challenging if not impossible to avoid their marketing magic and do the work needed to find the best deal.

If you are paying for car insurance now, you will be able to lower your premiums substantially using these methods. Choosing the best insurance company for you is not that difficult. Although vehicle owners must learn how the larger insurance companies price insurance differently and use this information to your advantage.

Cheaper insurance rates with discounts

Some insurance providers don’t necessarily list every disount available in a way that’s easy to find, so the list below contains both well-publicized and the harder-to-find discounts that you may qualify for.

  • Military Rewards – Being on active duty in the military could be rewarded with lower prices.
  • Distant Student – Youth drivers who live away from home at college and do not take a car to college may qualify for this discount.
  • Defensive Driver Discount – Taking time to complete a course in defensive driving could earn you a small percentage discount if your company offers it.
  • Paperless Signup – A handful of insurance companies will provide an incentive for buying a policy and signing up over the internet.
  • Federal Employees – Being employed by or retired from a federal job could cut as much as 10% off on LS 430 coverage with a few insurance companies.
  • Bundled Policy Discount – When you combine your auto and homeowners insurance with one insurance company they may give you a discount of at least 10% off all policies.
  • Discount for Good Grades – This discount may save you up to 25%. Most companies allow this discount up to age 25.

A little note about advertised discounts, some credits don’t apply to all coverage premiums. A few only apply to individual premiums such as collision or personal injury protection. Despite the appearance that you could get a free insurance policy, insurance companies aren’t that generous.

Some of the insurance companies that may offer these money-saving discounts include:

If you need lower rates, check with every insurance company which discounts they offer. Depending on the company, some discounts may not apply in your area. If you would like to view insurers that offer discounts, click this link.

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

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Can you really save $471 a year?

Auto insurance providers like State Farm and Allstate continually stream television and radio advertisements. They all seem to tend to make the same promise about how much you will save after switching your policy. How is it possible that every company can give you a better price? It’s all in the numbers.

Insurance providers give the best rates for the type of insured that will not have excessive claims. For example, this type of driver might be over the age of 45, insures multiple vehicles, and drives a safe vehicle. Any driver that hits that “sweet spot” will get a cheap rate quote and most likely will cut their rates if they switch.

Insureds who do not fit these standards may be required to pay more expensive rates and the prospect going elsewhere. The ad wording is “people who switch” not “everyone who quotes” save the amount stated. That’s the way insurance companies can confidently make it sound like they have such great premium rates. This illustrates why drivers must compare as many free auto insurance quotes as you can. It is impossible to guess which insurance companies will fit your personal profile best.

Tailor your insurance coverage coverage to you

When it comes to buying proper insurance coverage for your personal vehicles, there isn’t really a perfect coverage plan. Everyone’s needs are different so your insurance should reflect that For example, these questions might point out if you might need an agent’s assistance.

  • Which companies will insure high-risk drivers?
  • Does my 2005 Lexus LS 430 need full coverage?
  • Do I have any recourse if my insurance company denies a claim?
  • Should I buy additional glass protection?
  • Why am I required to buy high-risk coverage?
  • When do I need to add a new car to my policy?
  • What is covered by UM/UIM coverage?

If you can’t answer these questions then you might want to talk to a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier

Car insurance coverages for a Lexus LS 430

Knowing the specifics of your policy aids in choosing the best coverages and the correct deductibles and limits. Insurance terms can be confusing and coverage can change by endorsement. Listed below are typical coverage types found on most insurance policies.

Comprehensive (Other than Collision)

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as hail damage, rock chips in glass and damage from flooding. The maximum payout your insurance company will pay is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Medical expense insurance

Med pay and PIP coverage provide coverage for expenses such as prosthetic devices, surgery, chiropractic care and doctor visits. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Coverage for collisions

This pays to fix your vehicle from damage resulting from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like sideswiping another vehicle, backing into a parked car, driving through your garage door, colliding with a tree and crashing into a building. Collision is rather expensive coverage, so consider removing coverage from older vehicles. You can also increase the deductible to save money on collision insurance.

Auto liability insurance

Liability coverage will cover damage that occurs to a person or their property in an accident. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 25/50/25 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability insurance covers claims such as court costs, medical services, attorney fees, repair costs for stationary objects and medical expenses. How much coverage you buy is a personal decision, but consider buying as large an amount as possible.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage gives you protection when other motorists do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your Lexus LS 430.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

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

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Smart consumers save more

When trying to cut insurance costs, never skimp on coverage in order to save money. In many instances, an accident victim reduced full coverage only to regret at claim time that the savings was not a smart move. The proper strategy is to buy the best coverage you can find for the lowest price but still have enough coverage for asset protection.

You just learned quite a bit of information on how to reduce 2005 Lexus LS 430 insurance car insurance rates online. The key concept to understand is the more quotes you get, the better likelihood of getting cheaper auto insurance. You may even discover the lowest priced insurance comes from an unexpected company. They can often insure niche markets at a lower cost as compared to the big name companies such as State Farm and Allstate.

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