2006 Lexus GX 470 Car Insurance Rates

Think you have an expensive auto insurance policy? Trust us when we tell you many drivers feel the same as you. Since you have so many choices, it can be hard to pick the most cost effective auto insurance provider.

It’s a good idea to compare prices before your next renewal due to the fact that insurance prices tend to go up over time. Even if you think you had the lowest rate on GX 470 coverage six months ago the chances are good that you can find a lower premium rate today. Ignore everything you know about auto insurance because you’re about to find out the right way to properly buy coverages while reducing your premium.

Learn how to find insurance coverage for less

Part of the insurance coverage buying process is learning some of the elements that help determine the price you pay for insurance coverage. If you understand what determines base rates, this allows you to make educated decisions that can earn you cheaper rates. Lots of factors are taken into consideration when pricing auto insurance. A few of the factors are predictable like an MVR report, although others are less obvious like your vehicle usage or your financial responsibility.

  • Insurance coverage policy lapses increase rates – Driving any period of time without insurance is illegal and as a result your rates will increase for letting your insurance coverage expire. And not only will your rates increase, not being able to provide proof of insurance might get you a hefty fine and possibly a revoked license. Then you may be required to prove you have insurance by filing a SR-22 with your state department of motor vehicles.
  • Bad drivers pay high costs – Having just one ticket can increase the cost of insurance to the point where it’s not affordable. Good drivers pay lower auto insurance prices compared to drivers with tickets. Drivers who have received severe violations like reckless driving or DUI are required to complete a SR-22 with their state’s department of motor vehicles in order to drive a vehicle legally.
  • Low coverage deductibles mean high premiums – The deductibles state the amount of money you are required to pay in the event of a claim. Physical damage insurance, aka comp and collision, insures against damage to your car. Some examples of claims that would be covered would be rearending another vehicle, animal collisions, and damage caused by road hazards. The more expense you pay before a claim is paid (deductible), the less your insurance coverage will be on GX 470 coverage.
  • Youthful drivers pay high costs – Older, more experienced drivers are viewed as being more responsible, are lower risk to insure .Young drivers have a tendency to be less responsible with other occupants in the car therefore insurance coverage rates are much higher.
  • Premiums may be lower depending on your occupation – Occupations like military personnelpolice officers and medical professionals usually pay the highest rates because of high stress levels and long work days. Conversely, professions such as farmers, athletes and performers have the lowest average rates on GX 470 coverage.
  • Which gender costs less? – Over the last 30 years, statistics show that women are safer drivers than men. The data does not necessarily mean that men are worse drivers. Women and men cause at-fault accidents at a similar rate, but guys get into accidents with more damage. Men also statistically get more serious tickets like DWI (DUI) or reckless driving. Male teenagers have the highest risk to insure so they pay the highest premiums.
  • Incidental coverages can add up – There are many extra bells and whistles you can purchase but may not be useful. Things like personal injury protection, high-cost glass coverage, and motor club memberships are probably not needed. They may seem like a good idea when buying your policy, but if you don’t need them remove them from your policy.

Take advantage of every insurance coverage discount

Companies offering auto insurance don’t always list the complete list of policy discounts very well, so the below list has a few of the more well known and also the lesser-known ways to save on insurance coverage.

  • Government Employees – Simply working for the federal government could cut as much as 10% off on GX 470 coverage with certain companies.
  • Discounts for Multiple Vehicles – Buying a policy with primary and secondary vehicles with the same company qualifies for this discount.
  • Driving Data Discount – People who choose to allow their insurance company to analyze driving habits by using a telematics device like In-Drive from State Farm and Progressive’s Snapshot might see lower rates if they show good driving skills.
  • Air Bags and Passive Restraints – Factory options such as air bags or automatic seat belts may get savings of up to 25% or more.
  • Good Students Pay Less – Excelling in school can be rewarded with saving of up to 25%. Many companies even apply the discount to college students up to age 25.
  • 55 and Retired – Drivers that qualify as senior citizens can possibly qualify for better insurance coverage rates on GX 470 coverage.
  • Life Insurance Discount – Not all companies offer life insurance, but some may give you a break if you buy some life insurance in addition to your auto policy.
  • ABS Braking Discount – Cars that have steering control and anti-lock brakes can reduce accidents and qualify for as much as a 10% discount.
  • Own a Home – Being a homeowner can get you a discount because it requires a higher level of personal finance.
  • Active Military Service – Having a family member in the military could trigger a small discount.

You can save money using discounts, but some of the credits will not apply to all coverage premiums. Most only cut individual premiums such as comp or med pay. Just because it seems like having all the discounts means you get insurance for free, companies wouldn’t make money that way.

To see insurers who offer insurance coverage discounts, click here.

Auto insurance savings promises

Consumers can’t ignore all the ads that claim the best rates from companies such as Progressive, Geico, Allstate and State Farm. All the companies have a common claim that people will save if you move your auto insurance policy to them.

How can each company charge you less for car insurance? Just pay attention to how they say it.

Companies have a preferred profile for the driver that earns them a profit. For example, a profitable risk profile may be over the age of 40, has a low-risk occupation, and drives a safe vehicle. A driver who meets those qualifications will most likely get cheap car insurance rates and will most likely save money with a new company.

Insureds who don’t meet these criteria will probably have to pay higher premiums and this can result in the customer not purchasing. The ad wording is “customers that switch” but not “everyone who gets a quote” save that much when switching. That’s the way insurance companies can confidently advertise the savings.

That is why you really should compare many company’s prices. Because you cannot predict the company that will provide the lowest premium rates.

How to know if you need help

When choosing coverage for your vehicles, there isn’t really a one size fits all plan. Every insured’s situation is different so this has to be addressed. These are some specific questions could help you determine if your situation could use an agent’s help.

  • Should I get collision insurance on every vehicle?
  • What is medical payments coverage?
  • Is my state a no-fault state?
  • Why do I only qualify for high-risk insurance?
  • How high should deductibles be on a 2006 Lexus GX 470?
  • Do I benefit by insuring my home with the same company?
  • Is my 2006 Lexus GX 470 covered for smoke damage?
  • What companies insure drivers after a DUI or DWI?
  • How can I get my company to pay me more for my totalled car?
  • Am I covered if I break a side mirror?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of auto insurance companies in your area. It only takes a few minutes and may give you better protection.

Specific coverage details

Understanding the coverages of a car insurance policy helps when choosing the best coverages for your vehicles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. Shown next are typical coverage types offered by car insurance companies.

Liability – This coverage will cover damages or injuries you inflict on other’s property or people by causing an accident. This insurance protects YOU against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 100/300/100 which means $100,000 bodily injury coverage, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Occasionally you may see one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for claims like bail bonds, court costs, attorney fees and repair costs for stationary objects. How much coverage you buy is your choice, but you should buy as high a limit as you can afford.

Comprehensive coverage – Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as vandalism, damage from getting keyed and damage from a tornado or hurricane. The maximum amount a car insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Collision coverage – Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against claims like driving through your garage door, hitting a mailbox, sustaining damage from a pot hole and scraping a guard rail. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Frequently these coverages are identical to your policy’s liability coverage.

Medical payments coverage and PIP – Med pay and PIP coverage provide coverage for expenses for doctor visits, surgery, funeral costs, hospital visits and chiropractic care. They are used in conjunction with a health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and may carry a deductible

Knowledge is power

As you restructure your insurance plan, it’s a bad idea to buy lower coverage limits just to save a few bucks. In many instances, someone sacrificed uninsured motorist or liability limits only to find out they didn’t have enough coverage. The goal is to buy enough coverage at the lowest possible cost, but do not skimp to save money.

We covered some good ideas how you can save on 2006 Lexus GX 470 insurance. The key thing to remember is the more you quote insurance coverage, the better your comparison will be. Consumers could even find that the lowest prices are with the smaller companies. Regional companies may only write in your state and offer lower rates compared to the large companies like State Farm and Allstate.

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