Three Steps to Paying Less for Lexus SC 300 Insurance
If buying car insurance was fun, we'd do it as a recreational sport. But the reality is, it's a chore for most people and we seem to always end up paying more than we want to. Insuring your Lexus SC 300 is probably no exception.
Step One: Insurance Quotes
If you haven't shopped for car insurance for awhile you might remember the days when the only option was to visit a local insurance agent. Welcome to the 21st century!
Getting online rate quotes for a Lexus SC 300 from all the major insurance companies is very easy and only requires you to enter your information once.
To compare rates now, have your current policy handy (if you have one) and click the link below. Complete the short form and move on to step two.
Same Limits on Quotes! This tip is very important. The only way to accurately compare rates on your SC 300 is to use the same limits of liability as well as deductibles on physical damage coverage. You won't be able to compare rates if you use different values on your quotes.
Step Two: How to Insure your SC 300 for Less
Once you have quotes in hand, you can then consider some of the other techniques for lowering your SC 300 insurance rates.
- The Lexus SC 300 is a high performance vehicle. Insurance rates are higher on cars that offer larger engines, more horsepower or increased risk of accident or rollover.
- With age comes cheaper rates! If you're a senior citizen, many car insurance companies will give you a discount. Also, if you belong to a professional organization, check to see if your company gives discounts to members.
- The SC 300 would be considered a luxury vehicle, and repair costs are generally higher for more expensive vehicles. This increased cost is passed on to you through a higher insurance cost.
- Check your credit rating each year and address any problem areas. Higher credit scores mean lower car insurance rates.
- Zero to 60 is pretty fast in with a SC 300, but having this extra power will cost you in the form of a bigger insurance bill.
- Consider taking a defensive driving course. You can often make up the cost of the course in as little as a single policy renewal.
- If your Lexus is equipped with safety features such as airbags, anti-lock brakes or a security system, insurance companies will often give a minor discount for those.
- Consider using higher deductibles for physical damage coverages like comprehensive and collision. Higher deductibles save money since you're willing to pay more out-of-pocket at claim time.
- Vehicles that tend to get stolen or have high repair costs will cost you more to insure. If your SC 300 falls into either category, it could cost you.
- If you can afford to pay for small claims like a broken windshield out of pocket, it will keep small claims off your record and give you a claim-free discount.
- If you own a home, you may get a break on your car insurance. Home ownership demonstrates financial responsibility.
- Speeding not only costs you a fine, a single ticket will raise your car insurance rates for up to three years. Slow down and be a safe driver and you'll pay lower rates.
- Teenage drivers can be very expensive to insure on newer vehicles will full coverage. You may be better off purchasing an older vehicle for your teenager and only insure it for liability.
- Letting your car insurance expire without having new coverage in place is called a "lapse" and will cause your next policy premiums to be higher.
Step Three: Choose a Company and Bind Coverage
Once you have compared identical rate quotes for your SC 300 and made a decision on deductibles, coverages and other policy options, you are ready to buy your policy with the new company.
The key thing to keep in mind when buying a new policy is you do not want your old policy to lapse. Make sure the effective date of the new policy is on or before the expiration date of your current policy.
If you don't currently have a car insurance policy, make sure you have coverage in force before driving your Lexus off the lot. But if you already have a policy, you will have coverage extended to your new car from your existing policy. Coverage that extends from an existing policy is only as good as your current coverage. So if you don't carry full coverage on any vehicles, you won't have it on your new SC 300.
The proof-of-insurance card that is required by state law to be carried in your vehicle can be printed out upon completion of your car insurance policy. If you have received a DUI, reckless driving citation or caused an accident without insurance, you may be required to file an SR-22 with your state DMV. Make sure your new company is aware of the SR-22 filing requirement.
More Resources
The Insurance Information Institute is the industry authority for consumer car insurance information.
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