View 2003 Lexus ES 300 Insurance Rates

Searching for low-cost insurance for your Lexus ES 300 can normally be an all-consuming task, but you can use our insurance buying tips to make it easier.

There is a better way to buy insurance so we’re going to tell you the quickest way to compare rates for your Lexus and find the lowest price from local insurance agents and online providers.

You need to compare rates occasionally because prices tend to go up over time. Just because you had the best deal on ES 300 coverage on your last policy the chances are good that you can find a lower rate quote today. Forget anything you know (or think you know) about insurance because you’re about to learn how to use online quotes to save money, get proper deductibles and limits, all at the lowest rate.

Locating affordable coverage is easy if you know what you’re doing. If you have a policy now or are looking for a new policy, you can use this information to shop for the lowest rates and still get good coverage. Consumers just need to understand how to compare company rates online.

Compare quotes for insurance coverage

Finding cheaper 2003 Lexus ES 300 insurance coverage prices is a great way to save money. All you need to do is take the time getting comparison quotes to find. This can be accomplished using a couple different methods.

  1. One of the best ways to get the best comparison quotes is to use a rate comparison form (click to open form in new window). This method prevents you from having to do repetitive form submissions for each company. A single, simple form will get you price quotes from insurance coverage companies with the best prices. This is by far the quickest method.
  2. A more difficult way to find lower rates is spending the time to visit each individual company website and complete a new quote form. For examples sake, we’ll pretend you need rates from Geico, Liberty Mutual and American Family. To get rate quotes you would need to go to each individual site and repeatedly enter your information, which can take a lot of time. For a list of links to insurance companies in your area, click here.
  3. The hardest way to compare rates is going to and from local insurance agencies. The ability to quote online eliminates the need for an insurance agent unless you’re the type of person who wants the trained advice that only a licensed agent can provide. If you prefer, some companies allow you to obtain prices from the web and still use a local agent.

Which method you use is up to you, but make darn sure you compare the same coverages and limits for every company. If the quotes have different liability limits it will be nearly impossible to decipher which rate is best.

Special considerations

When it comes to buying adequate coverage, there isn’t really a “best” method to buy coverage. Every insured’s situation is different.

For instance, these questions may help you determine if your situation could use an agent’s help.

  • Can I afford to buy a different vehicle if my 2003 Lexus ES 300 is totaled?
  • Am I covered if hit by an uninsured driver?
  • Is my babysitter covered when using my vehicle?
  • What happens if I owe more than my 2003 Lexus ES 300 is worth?
  • Can I rate high risk drivers on liability-only vehicles?
  • Am I insured when driving a different vehicle?
  • How high should my medical payments coverage be?
  • Is my 2003 Lexus ES 300 covered for flood damage?
  • Can I make deliveries for my home business?
  • Which is better, split liability limits or combined limits?

If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you don’t have a local agent, complete this form. It is quick, free and you can get the answers you need.

Specific coverage details

Understanding the coverages of your car insurance policy aids in choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring.

Comprehensive coverage – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as damage from getting keyed, hail damage, damage from a tornado or hurricane, a broken windshield and damage from flooding. The maximum payout your car insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Auto liability insurance – Liability coverage protects you from damage that occurs to a person or their property that is your fault. It protects you against other people’s claims. It does not cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 100/300/100 that translate to a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage pays for things such as medical expenses, attorney fees, repair bills for other people’s vehicles and medical services. The amount of liability coverage you purchase is a personal decision, but you should buy higher limits if possible.

Uninsured/Underinsured Motorist coverage – This protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is a good idea. Frequently these limits are set the same as your liablity limits.

Collision coverages – Collision coverage pays to fix your vehicle from damage caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against claims like scraping a guard rail, colliding with a tree, colliding with another moving vehicle and driving through your garage door. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. You can also bump up the deductible in order to get cheaper collision rates.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP reimburse you for immediate expenses like prosthetic devices, ambulance fees, pain medications, surgery and rehabilitation expenses. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage