Feel like you’re a prisoner to overpriced insurance coverage? You’re in good company because many consumers are in the same pinch.
Insurance companies such as Progressive, Geico and Farmers Insurance persitently shower you with ad campaigns and it can be hard to see through the cute green geckos and mayhem and effectively compare rates to find the best deal.
Comparing insurance coverage rates can be exhausting if you don’t know the best way to get rate quotes. You could waste a few hours driving to local insurance agents in your area, or you can stay home and use the web to get prices fast.
All the larger companies participate in a marketplace where prospective buyers only type in their quote data once, and every company provides a quote determined by their information. This prevents consumers from doing quotation requests for each company.
To enter your information into the quoting system, click here (opens in new window).
One minor caviat to pricing coverage this way is that consumers can’t choose which companies you want to price. So if you prefer to choose specific providers to compare, we have assembled a list of the cheapest insurance coverage companies in your area. Click here to view list.
Whichever method you choose, try to use nearly identical quote data on every quote you get. If the quotes have mixed coverages then you won’t be able to determine the lowest rate for your Lexus SC 300. Quoting even small variations in limits can make a big difference in price. And when comparison shopping, comparing more company’s prices helps improve the odds of finding lower pricing.
Some insurance providers do not advertise all available discounts very well, so we researched a few of the more common as well as some of the hidden discounts you could be receiving when you buy auto insurance online.
A little note about advertised discounts, many deductions do not apply the the whole policy. Some only apply to the price of certain insurance coverages like liability and collision coverage. So even though they make it sound like you could get a free insurance coverage policy, that’s just not realistic. But any discount will help lower the cost of coverage.
The best insurance coverage companies and a summarized list of policyholder discounts include:
Double check with all the companies which discounts they offer. Some discounts may not apply in your state.
When choosing proper insurance coverage for your personal vehicles, there is no one size fits all plan. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. For example, these questions can aid in determining whether you would benefit from an agent’s advice.
If you don’t know the answers to these questions but a few of them apply then you might want to talk to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area.
Understanding the coverages of a auto insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Shown next are typical coverages offered by auto insurance companies.
Liability coverage provides protection from damage that occurs to a person or their property by causing an accident. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 25/50/25 which means a limit of $25,000 per injured person, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.
Liability coverage pays for claims such as repair costs for stationary objects, legal defense fees and medical services. How much coverage you buy is a decision to put some thought into, but you should buy as much as you can afford.
This coverage covers damage to your SC 300 resulting from a collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage protects against claims like sustaining damage from a pot hole, crashing into a building, hitting a mailbox and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Drivers also have the option to bump up the deductible to save money on collision insurance.
This coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your Lexus SC 300.
Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
Medical payments and Personal Injury Protection insurance provide coverage for expenses for things like surgery, funeral costs and ambulance fees. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers you and your occupants and will also cover getting struck while a pedestrian. PIP is only offered in select states and may carry a deductible
This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive can pay for claims like damage from a tornado or hurricane, fire damage, vandalism, hail damage and hitting a deer. The maximum amount your auto insurance company will pay is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.
We just showed you many ideas to reduce 1996 Lexus SC 300 insurance rates online. The key thing to remember is the more you quote auto insurance, the better your comparison will be. Consumers may even find the biggest savings come from a lesser-known regional company. Regional companies may have significantly lower auto insurance rates on certain market segments compared to the large companies like Allstate and Progressive.
When shopping online for car insurance, it’s a bad idea to skimp on coverage in order to save money. In many cases, drivers have reduced liability limits or collision coverage and discovered at claim time they didn’t have enough coverage. The goal is to get the best coverage possible at the best price and still be able to protect your assets.
Much more information about car insurance can be read at the links below