How Much Does 1998 Lexus LX 470 Insurance Cost?

Trying to find better insurance rates for your Lexus LX 470? Finding budget insurance on the internet is rather difficult for consumers new to quoting and buying their insurance on the web. Since there are so many companies competing online, how are we expected to have the ability to compare every possible option in order to find the lowest price available?

The fastest way that we advise to compare car insurance company rates utilizes the fact car insurance companies provide online access to give you rate quotes. All you need to do is take a few minutes to give details including driver details, daily mileage, if you lease or own, and types of safety features. Your rating data is instantly provided to multiple companies and they return cost estimate instantly.

Earn discounts on insurance coverage

Auto insurance companies do not advertise all their discounts very clearly, so we break down both the well known and the harder-to-find discounts you could be receiving when you buy auto insurance online. If you don’t get every credit you deserve, it’s possible you qualify for a lower rate.

  • Discounts for Multiple Vehicles – Purchasing coverage when you have primary and secondary vehicles on one policy can reduce the rates for all insured vehicles.
  • Claim-Free Discount – Good drivers with no accidents get the best insurance coverage rates compared to bad drivers.
  • Discount for Good Grades – This discount could provide a savings of up to 20% or more. You can use this discount normally until age 25.
  • Savings for New Vehicles – Adding a new car to your policy can cost up to 25% less because newer models keep occupants safer.
  • College Student Discount – College-age children who attend college more than 100 miles from home and don’t have a car can receive lower rates.
  • Policy Bundle Discount – If you insure your home and vehicles and place coverage with the same company you could earn a discount of approximately 10% to 15%.
  • Telematics Discount – Insureds who allow their insurance company to scrutinize vehicle usage by using a telematics device in their vehicle such as State Farm’s In-Drive may see discounts if they show good driving skills.

Don’t be surprised that many deductions do not apply to the entire cost. Some only apply to specific coverage prices like liability, collision or medical payments. So even though you would think all those discounts means the company will pay you, you’re out of luck. But all discounts should help lower your premiums.

Larger insurance coverage companies and a selection of discounts can be read below.

  • AAA offers discounts including education and occupation, anti-theft, AAA membership discount, good student, good driver, pay-in-full, and multi-car.
  • Progressive discounts include online signing, online quote discount, continuous coverage, multi-policy, good student, and multi-vehicle.
  • State Farm may include discounts for driver’s education, anti-theft, passive restraint, multiple policy, and Drive Safe & Save.
  • Esurance offers premium reductions for Switch & Save, online quote, good student, anti-theft, anti-lock brakes, safety device, and online shopper.
  • Nationwide may have discounts that include easy pay, multi-policy, accident-free, good student, business or organization, Farm Bureau membership, and family plan.

When getting free auto insurance quotes, it’s a good idea to all companies you are considering which discounts can lower your rates. Depending on the company, some discounts may not be available in every state. For a list of insurance coverage companies who offer online insurance coverage quotes, click this link.

Tailor your insurance coverage coverage to you

When it comes to buying adequate coverage for your personal vehicles, there is no perfect coverage plan. Each situation is unique.

For example, these questions may help you determine whether or not you would benefit from professional advice.

  • Do I need added coverage for expensive stereo equipment?
  • When does my teenage driver need to be added to my policy?
  • Should I have a commercial auto policy?
  • Which is better, split liability limits or combined limits?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Do I have any recourse if my insurance company denies a claim?
  • What vehicles should carry emergency assistance coverage?

If you don’t know the answers to these questions, you might consider talking to an agent. If you want to speak to an agent in your area, fill out this quick form.

Auto insurance 101

Having a good grasp of a insurance policy aids in choosing the right coverages and proper limits and deductibles. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording.

Collision coverage

This covers damage to your LX 470 resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as damaging your car on a curb, crashing into a ditch and crashing into a building. This coverage can be expensive, so you might think about dropping it from lower value vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.

Liability car insurance

This protects you from injuries or damage you cause to people or other property. It protects you against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 100/300/100 which stand for $100,000 bodily injury coverage, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage pays for claims such as court costs, repair bills for other people’s vehicles, structural damage, medical services and loss of income. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive insurance

Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like theft, falling objects and fire damage. The most you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Coverage for uninsured or underinsured drivers

This coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as damage to your Lexus LX 470.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important. Frequently these coverages are identical to your policy’s liability coverage.

Coverage for medical expenses

Coverage for medical payments and/or PIP provide coverage for immediate expenses for prosthetic devices, doctor visits, dental work, chiropractic care and nursing services. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers you and your occupants and will also cover any family member struck as a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Keep this in mind

Consumers change insurance companies for a number of reasons such as delays in responding to claim requests, delays in paying claims, policy non-renewal and being labeled a high risk driver. No matter why you want to switch, finding a great new company can be pretty painless.

When buying insurance coverage, do not buy lower coverage limits just to save a few bucks. There have been many situations where someone sacrificed uninsured motorist or liability limits only to discover later they didn’t have enough coverage. The proper strategy is to buy enough coverage for the lowest price, but do not sacrifice coverage to save money.

Cheap 1998 Lexus LX 470 insurance can be bought online and with local insurance agents, and you need to price shop both to have the best rate selection. Some companies may not have internet price quotes and most of the time these regional carriers prefer to sell through independent agents.

To learn more, take a look at the resources below: