2002 Lexus LX 470 Car Insurance Rates

Buyers have options when searching for affordable Lexus LX 470 insurance. They can either waste time driving around trying to get quotes or leverage the internet to compare rates.

There is a right way and a wrong way to compare auto insurance rates so we’re going to tell you the absolute fastest way to quote coverages on a Lexus and get the best price possible.

How much is auto insurance?

Getting low cost 2002 Lexus LX 470 auto insurance pricing can be surprisingly simple. Drivers just need to spend a little time comparing rate quotes provided by online insurance companies. It is quite easy and can be accomplished in just a few minutes using one of these methods.

  1. The most efficient way to get quotes is a comparison rater form like this one (opens in new window). This method prevents you from having to do repetitive form entry to each individual auto insurance company. Completing one form compares rates from many national carriers.It’s the quickest way to get rates.
  2. A slightly less efficient method to shop for auto insurance online consists of visiting each individual company website and request a quote. For instance, let’s assume you want to compare prices for Geico, Liberty Mutual and Farmers. In order to get each rate, you would have to navigate to each company’s site to enter the same coverage data repeatedly, which explains why we recommend starting with the first method. For a list of companies in your area, click here.
  3. The least efficient method to comparison shop to all the different insurance agencies. Comparing rate quotes online eliminates this option unless you have a complicated situation and need the trained advice that only a licensed agent can provide. Although, it is possible comparison shop online but have a local agent actually write the policy.

Compare rates however you want, just make darn sure you compare nearly identical information with every price quote. If each company quotes different data it’s impossible to make a fair rate comparison.

Your auto insurance coverage should be tailored to you

When it comes to buying proper insurance coverage, there really is not a “best” method to buy coverage. Every situation is different.

Here are some questions about coverages that might help in determining if your situation might need an agent’s assistance.

  • Am I covered when driving on a suspended license?
  • Is other people’s property covered if stolen from my vehicle?
  • Will my insurance pay for OEM parts?
  • Do I need rental car coverage?
  • Does my car insurance cover rental cars?
  • Do I need medical payments coverage since I have good health insurance?
  • Who is covered when they drive my 2002 Lexus LX 470?

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find lower rates from a local agent, complete this form. It only takes a few minutes and can help protect your family.

Insurance coverage options for a Lexus LX 470

Having a good grasp of your policy aids in choosing the best coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and reading a policy is terribly boring.

Collision insurance

Collision coverage will pay to fix damage to your LX 470 caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for claims like driving through your garage door, damaging your car on a curb and hitting a parking meter. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for pain medications, dental work, funeral costs and hospital visits. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible

Liability coverages

Liability coverage provides protection from injuries or damage you cause to a person or their property in an accident. This coverage protects you against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 50/100/50 that means you have a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for claims such as emergency aid, structural damage and medical expenses. How much liability coverage do you need? That is your choice, but buy as large an amount as possible.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered losses include injuries to you and your family and damage to your 2002 Lexus LX 470.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Comprehensive coverage

Comprehensive insurance pays to fix your vehicle from 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 pays for things like damage from getting keyed, vandalism and hitting a bird. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.