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: Sep 23, 2017

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Searching for the cheapest insurance coverage rates for your Lexus LS 430? Have you finally had enough of not being able to scrape enough together to make your insurance coverage payment? You have the same problem as millions of other drivers.

You have multiple insurance companies to buy insurance from, and although it’s nice to have a selection, so many choices can make it hard to compare rates.

You should make it a habit to compare premium rates on a regular basis since prices are variable and change quite frequently. Just because you had the best price on LS 430 insurance last year the chances are good that you can find a lower rate quote today. You can find a lot of misleading information regarding insurance coverage online, but you can learn some proven techniques to quit paying high insurance coverage rates.

Save money with discounts

Insurance can cost an arm and a leg, but there could be significant discounts to help bring down the price. Most are applied when you purchase, but less common discounts must be asked about before you get the savings.

  • Driver Training Discounts – Completing a safe driver class could cut 5% off your bill and easily pay for the cost of the class.
  • Payment Method – If you can afford to pay the entire bill rather than spreading payments over time you may reduce your total bill.
  • Federal Government Employee – Active or former government employment could cut as much as 10% off on LS 430 insurance depending on your company.
  • Drivers Education – Make teen driver coverage more affordable by requiring them to take driver’s ed class if offered at their school.
  • Sign Online – A few insurance coverage companies will discount your bill up to fifty bucks for buying your policy on your computer.
  • ABS Brakes – Anti-lock brake equipped vehicles can stop better under adverse conditions so you can save 10 percent or more.

Discounts reduce rates, but you should keep in mind that some credits don’t apply to the entire cost. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. If you do the math and it seems like you could get a free insurance coverage policy, that’s just not realistic. Any qualifying discounts should definitely cut the cost of your policy.

Popular insurance coverage companies and their offered discounts are detailed below.

  • State Farm may offer discounts for multiple autos, student away at school, accident-free, good driver, Drive Safe & Save, good student, and Steer Clear safe driver discount.
  • Nationwide offers discounts including Farm Bureau membership, business or organization, anti-theft, multi-policy, accident-free, family plan, and easy pay.
  • GEICO offers discounts for military active duty, good student, anti-theft, multi-vehicle, and air bags.
  • AAA offers premium reductions for AAA membership discount, multi-car, pay-in-full, anti-theft, good student, good driver, and multi-policy.
  • 21st Century policyholders can earn discounts including homeowners, teen driver, early bird, good student, theft prevention, 55 and older, and automatic seat belts.
  • The Hartford discounts include driver training, air bag, bundle, good student, vehicle fuel type, anti-theft, and defensive driver.

When getting free auto insurance quotes, it’s a good idea to each insurance company which discounts you may be entitled to. Some of the discounts discussed earlier may not apply to policies in your state.

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

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Why you might pay higher rates

Multiple criteria are considered when pricing auto insurance. Some factors are common sense such as your driving history, but some are not quite as obvious like your continuous coverage or your commute time.When buying insurance coverage it’s important to understand a few of the rating criteria that go into determining insurance coverage rates. When consumers understand what controls the rates you pay, this allows you to make educated decisions that may result in lower premium levels.

  • Additional coverages that may be costing you – There are a ton of additional coverages that sound like a good idea at the time on your insurance coverage policy. Things like roadside assistance, towing, and additional equipment coverage are some examples. You may think they are a good idea when talking to your agent, but if you have no use for them think about removing them and cutting costs.
  • Miles driven impacts prices – The higher the mileage driven in a year the more you will pay for insurance coverage. Almost all companies price each vehicle’s coverage based upon how much you drive. Cars and trucks that sit idle most of the time receive better premium rates than those used for commuting. Having the wrong rating on your LS 430 is throwing money out the window. Make sure your insurance coverage declarations sheet is rated on the correct usage.
  • Save money by having multiple policies – Some insurance companies provide a discount to customers that have more than one policy in the form of a multi-policy discount. Even with this discount applied, you still need to compare other company rates to ensure the best deal.
  • Keep premiums low by being claim-free – Car insurance companies generally give discounts to insureds who do not file claims often. If you’re an insured who likes to file claims you can definitely plan on either higher rates or even cancellation. Your insurance policy is meant to be used in the event of more catestrophic claims.
  • Lower rates come with age – Older, more experienced drivers are proven to be safer behind the wheel, file fewer claims .Youthful drivers are known to get distracted easily when driving with friends so insurance coverage rates are higher.
  • Never go without insurance coverage – Having a lapse in insurance coverage is a quick way to bump up your insurance coverage costs. Not only will rates go up, the inability to provide proof of insurance can result in a revoked license or a big fine. You may need to submit proof of financial responsibility or a SR-22 with your state motor vehicle department to get your license reinstated.
  • Better prices on safer vehicles – Safe vehicles tend to be cheaper to insure. Vehicles engineered for safety have better occupant injury protection and better occupant protection means lower claim amounts which can result in lower premiums.

What is the best car insurance coverage?

When it comes to choosing proper insurance coverage, there really is no one size fits all plan. Your needs are not the same as everyone else’s so this has to be addressed. Here are some questions about coverages that can aid in determining if your situation would benefit from an agent’s advice.

  • Is my business laptop covered if it gets stolen from my vehicle?
  • At what point should I drop full coverage?
  • Do I need special endorsements for business use of my vehicle?
  • Do I have coverage if my license is suspended?
  • Should I put collision coverage on all my vehicles?
  • Am I insured when driving a different vehicle?
  • Am I covered if I drive in a foreign country?
  • Should I sign the liability waiver when renting a car?
  • When would I need rental car insurance?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier

Do you really save 40% when you switch?

21st Century, Allstate and State Farm regularly use television, radio, and online ads. They all seem to try to convey promises that you can save if you switch your policy. How can each company claim to save you money? Here is the trick they use.

Insurance providers quote their best rates for the type of insured that is profitable for them. A good example of a preferred risk might be described as over the age of 35, carries high limits, and drives less than 5,000 miles a year. Any driver who matches that profile will probably get cheap prices and will most likely pay quite a bit less when switching companies.

Potential insureds who do not match the ideal profile will be charged higher rates and this can result in the prospect going elsewhere. The trick is to say “people that switch” not “everyone who quotes” can get the lowest rates when switching. That is how companies can claim big savings.

Each company has different criteria, so it is so important to get auto insurance quotes as often as possible. It’s not possible to predict with any certainty which company will give you the biggest savings.

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

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Specific coverage details

Having a good grasp of your policy helps when choosing the best coverages and proper limits and deductibles. Car insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Below you’ll find the usual coverages available from car insurance companies.

Insurance for medical payments

Med pay and PIP coverage kick in for bills for rehabilitation expenses, dental work, ambulance fees and EMT expenses. They can be utilized in addition to your health insurance plan or if there is no health insurance coverage. It covers all vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is not universally available and may carry a deductible

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for claims like falling objects, hitting a bird, damage from a tornado or hurricane and damage from flooding. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Collision coverage protection

This covers damage to your LS 430 resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as scraping a guard rail, colliding with a tree and rolling your car. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Uninsured Motorist or Underinsured Motorist insurance

This gives you protection when the “other guys” do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked. Most of the time these coverages are similar to your liability insurance amounts.

Liability insurance

This coverage can cover damage or injury you incur to a person or their property. It protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Occasionally you may see one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like repair bills for other people’s vehicles, court costs and emergency aid. How much liability should you purchase? That is a personal decision, but buy higher limits if possible.

The best insurance company isn’t always the cheapest

You just read a lot of techniques to compare 2006 Lexus LS 430 insurance car insurance rates online. The key thing to remember is the more rate comparisons you have, the better your comparison will be. You may even discover the lowest car insurance rates are with a company that doesn’t do a lot of advertising. Regional companies often have lower premium rates on specific markets than the large multi-state companies such as Progressive or GEICO.

When searching for affordable auto insurance quotes, it’s very important that you do not reduce coverage to reduce premium. In many instances, someone dropped collision coverage and discovered at claim time that the small savings ended up costing them much more. Your aim should be to purchase plenty of coverage for the lowest price, but don’t skip important coverages to save money.

Additional information can be read below: