Feel like you’re a prisoner to overpriced car insurance? Believe me, there are many consumers feeling the pinch from expensive car insurance.
Because there are so many companies to choose from, it can be impossible to locate the cheapest provider.
Finding affordable coverage is quite easy. If you are paying for car insurance now, you will most likely be able to cut costs considerably using these techniques. But drivers do need to know the way insurance companies sell online and apply this information to your search.
Cut your car insurance rates with discounts
Companies that sell car insurance do not advertise all their discounts in an easy-to-find place, so we took the time to find some of the more common and also the lesser-known ways to save on car insurance.
- No Charge for an Accident – Some insurance companies will forgive one accident before raising your premiums if you are claim-free for a certain period of time.
- College Student – Children who attend school more than 100 miles from home and do not have access to a covered vehicle may be able to be covered for less.
- Save with a New Car – Insuring a new car can cost up to 25% less because new vehicles have to meet stringent safety requirements.
- Driver Safety – Successfully completing a driver safety course could cut 5% off your bill and easily recoup the cost of the course.
- Payment Method – If paying your policy premium upfront rather than paying monthly you may reduce your total bill.
- Anti-lock Brake System – Vehicles with anti-lock braking systems can reduce accidents and qualify for as much as a 10% discount.
- E-sign – Some insurance companies will discount your bill up to fifty bucks simply for signing online.
- Low Mileage – Low mileage vehicles can earn a substantially lower rate.
- Passive Restraints and Air Bags – Cars that have air bags or automatic seat belts can get savings of 20% or more.
It’s important to note that many deductions do not apply to the entire cost. A few only apply to individual premiums such as comprehensive or collision. So when the math indicates you can get free auto insurance, companies don’t profit that way.
For a list of providers with discount car insurance rates, click here to view.
How to Get Cheap Car Insurance
All the larger car insurance companies provide prices for coverage directly from their websites. Getting quotes is fairly straightforward as you simply type in into a form. When complete, their rating system will obtain reports for credit and driving violations and quotes a price based on these factors. Being able to quote online makes it a lot easier to compare rates but the process of having to visit many different websites and type in the same information is not the best way to spend an afternoon. But it’s very important to do this if you are searching for a lower rate.
A less time-consuming method to compare rates requires only one form to return rates from several companies at one time. It’s a real time-saver, requires much less work on your part, and makes price shopping online much more enjoyable and efficient. Immediately after submitting the form, it is rated and you can select any one of the resulting price quotes. If a lower price is quoted, you can simply submit the application and purchase the new policy. The whole process can be completed in less than 10 minutes and you will know how your current rates stack up.
To quickly find out how much you can save on car insurance, click here to open in a new tab and input your coverage information. If you have your current policy handy, we recommend you duplicate deductibles and limits identical to your current policy. This way, you will have a price comparison using the exact same coverages.
Some factors that can determine what Lexus LS 400 insurance costs
Consumers need to have an understanding of some of the elements that come into play when calculating your car insurance rates. When you know what positively or negatively impacts premium levels allows you to make educated decisions that may reward you with big savings.
The list below includes a partial list of the pieces companies use to determine rates.
- Men are more aggressive – Statistics have proven that women are safer drivers than men. Now that doesn’t mean women are better drivers. Men and women are in accidents at a similar rate, but the men tend to have more serious accidents. Men also statistically get cited for more serious violations like reckless driving and DUI.
- Credit scores impact car insurance rates – Credit history is a large factor in determining your rates. So if your credit score is not that good, you could save money insuring your Lexus LS 400 by spending a little time repairing your credit. Drivers who have excellent credit tend to be better drivers and file fewer claims than drivers who have lower credit scores.
- Higher safety ratings means cheaper insurance – Vehicles with high crash test scores get lower rates. These vehicles have better occupant injury protection and lower injury rates means less money paid by your insurance company and lower rates for you. If your Lexus is rated at least four stars on Safercar.gov it is probably cheaper to insure.
- Performance level impacts rates – The performance of the car you are insuring makes a significant difference in your rates. Since the Lexus LS 400 is classified as a luxury sedan, insuring your vehicle will cost more as compared to the average rate. Low performance passenger vehicles usually have the lowest rates, but the final cost of insurance is determined by many other factors.
- Where you live can impact rates – Being located in less populated areas is a positive aspect when it comes to car insurance. Lower population translates into fewer accidents as well as less vandalism and auto theft. Drivers who live in large cities have to deal with more traffic problems and much longer commute distances. More time on the road means more change of being in an accident.
Your personal situation dictates your coverage
When it comes to choosing the best car insurance coverage, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. For instance, these questions can aid in determining if you could use an agent’s help.
- Should I put collision coverage on all my vehicles?
- Is my nanny covered when driving my vehicle?
- Does my medical payments coverage pay my health insurance deductible?
- Will my rates increase for filing one claim?
- Is my teen driver covered when they drive my company car?
- Should I buy more coverage than the required minimum liability coverage?
- Do I need to file an SR-22 for a DUI in my state?
- Can I rate high risk drivers on liability-only vehicles?
- Which companies will insure high-risk drivers?
- Am I covered if I crash into my own garage door?
If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of car insurance companies in your area.
Are insurance agents a thing of the past?
Some people prefer to get advice from a local agent and there is nothing wrong with that. The best thing about comparing rates online is you can get lower rates and still choose a local agent.
To make it easy to find an agent, after completing this short form, your coverage information is submitted to agents in your area who will battle for your insurance coverage. You don’t have to visit any agencies since price quotes are sent to your email. How’s that for easy! You’ll get the best rates and work with a local agent.
Choosing a company shouldn’t rely on just a cheap price. These questions are important to ask:
- Does the agency support the community they serve?
- What are the financial ratings for the companies they represent?
- Is working in the agency their full-time job?
- Did they already check your driving record and credit reports?
- Which company do they place the most coverage with?
- Do they feel the quoted coverages are adequate?
- Will their companies depreciate repairs to your car based on the mileage?
- Does the agent have professional designations like CIC, CPCU or AIC?
To contact a specific insurance agent in your state, click here.
After getting good answers to any questions you have and an acceptable price quote, you may have just found an insurance company that can service your policy.
In the end, you save
When buying insurance coverage, it’s very important that you do not reduce needed coverages to save money. There have been many cases where an insured cut liability limits or collision coverage only to discover later they didn’t have enough coverage. Your aim should be to buy the best coverage you can find at an affordable rate.
Cheaper Lexus LS 400 insurance can be sourced on the web as well as from independent agents in your state, so you should compare both to have the best rate selection. A few companies don’t offer online price quotes and many times these regional insurance providers only sell through independent insurance agents.
We just presented a lot of tips how to reduce Lexus LS 400 insurance prices online. The most important thing to understand is the more companies you get rates for, the better your comparison will be. You may even discover the lowest rates come from some of the lesser-known companies. These companies may have significantly lower rates on certain market segments compared to the large companies like Progressive and GEICO.
