Lower Your 2000 Lexus ES 300 Car Insurance Rates

Trying to find better insurance rates for your Lexus ES 300? Having to pay for pricey insurance can sap your checking account and force you to prioritize other expenses. Comparing rate quotes is free and is an excellent way to cut your insurance bill.

Companies like GEICO and Progressive constantly bombard you with catchy ads and it can be hard to avoid their marketing magic and find the best price available.

How to get insurance coverage quotes

Lowering your 2000 Lexus ES 300 insurance coverage rates is actually easier than you may think. Consumers just need to take a couple of minutes to compare rate quotes online with multiple companies. Price comparisons can be done by following the guidelines below.

  1. The recommended way to compare a lot of rates at once is to use a rate comparison form (click to open form in new window). This form keeps you from doing separate forms for every company. Taking the time to complete one form will return quotes from many national carriers.
  2. A slightly less efficient method to shop for insurance coverage online requires a trip to each individual company website and repeat the quote process again and again. For examples sake, let’s say you need rates from Farmers, Progressive and Travelers. In order to get each rate, you would have to navigate to each company’s site and type in your information over and over, which can take a lot of time. For a list of links to insurance companies in your area, click here.
  3. The old school way to compare rates is driving around to insurance agencies in your area. The ability to buy insurance online eliminates the middleman unless you have a need for the personal advice that can only be provided by a licensed insurance agent. It is possible to comparison shop online and get advice from an agent in your area.

Which method you use is up to you, but make absolute certain that you use exactly the same quote data on every quote. If you have different liability limits it will be very difficult to make a fair comparison for your Lexus ES 300.

Lower-cost auto insurance rates with discounts

Auto insurance is not inexpensive, but you can get discounts to reduce the price significantly. Certain reductions will be credited at quote time, but some must be requested specifically before you will receive the discount.

  • Payment Method – By paying your entire bill at once instead of paying each month you could save 5% or more.
  • Discount for Home Ownership – Just being a homeowner may earn you a small savings due to the fact that maintaining a home is proof that your finances are in order.
  • Anti-lock Brakes – Cars, trucks, and SUVs with anti-lock braking systems are much safer to drive and qualify for as much as a 10% discount.
  • Organization Discounts – Being in certain professional organizations could earn you a nice discount on your next renewal.
  • Good Students Pay Less – A discount for being a good student can save 20 to 25%. Most companies allow this discount up until you turn 25.
  • Anti-theft System – Cars, trucks, and SUVs equipped with anti-theft or alarm systems have a lower chance of being stolen and will qualify for a discount on a insurance quote.

Discounts reduce rates, but you should keep in mind that most of the big mark downs will not be given the the whole policy. Most only apply to individual premiums such as collision or personal injury protection. So even though you would think you could get a free auto insurance policy, nobody gets a free ride.

The best auto insurance companies and a selection of discounts are detailed below.

  • American Family discounts include early bird, Steer into Savings, mySafetyValet, TimeAway discount, air bags, and good student.
  • Nationwide may offer discounts for multi-policy, anti-theft, accident-free, business or organization, and easy pay.
  • MetLife offers premium reductions for accident-free, good driver, multi-policy, defensive driver, and good student.
  • 21st Century may include discounts for teen driver, theft prevention, driver training, air bags, automatic seat belts, and 55 and older.
  • Farmers Insurance may have discounts that include distant student, electronic funds transfer, bundle discounts, switch companies, good student, and business and professional.
  • Allstate offers discounts including EZ pay plan discount, farm vehicle, auto/life discount, resident student, utility vehicle, and eSmart discount.

Before you buy a policy, ask every prospective company which discounts they offer. Savings may not apply to policyholders in your state. If you would like to view auto insurance companies that provide some of the discounts listed above, follow this link.

Lexus ES 300 insurance price factors

Multiple criteria are part of the equation when quoting car insurance. Some are pretty understandable like your driving record, although some other factors are less apparent like your continuous coverage and annual miles driven.

  • Fewer miles means better prices – The higher the mileage driven in a year the higher your rate. Most insurance companies charge to insure your cars based on their usage. Autos that have low annual miles cost less to insure than those used for commuting. An improperly rated ES 300 can result in significantly higher rates. It’s a good idea to make sure your declarations sheet states the correct usage for each vehicle.
  • Bundle policies and save money – Most major auto insurance companies afford a discount to clients that buy multiple policies such as combining an auto and homeowners policy. If you currently are using one company, consumers should still compare other company rates to make sure you are getting the best deal. You may still be able to save more without the discount by buying auto insurance from a different company.
  • Additional coverages that may be costing you – There are many optional add-on coverages that you can buy on your auto insurance policy. Coverages like roadside assistance, death and dismemberment, and additional equipment coverage may not be needed and are just wasting money. They may seem like a good idea when discussing your needs, but your money might be better spent on other coverage so eliminate them to save money.
  • Do you know you’re credit history? – Your credit history is likely to be a major factor in your rate calculation. People that have high credit scores tend to be better drivers and file fewer claims than drivers with worse credit. If your credit score is low, you could pay less to insure your 2000 Lexus ES 300 if you clean up your credit.
  • Insurance companies don’t like frequent claims – If you file claims often, don’t be surprised to see much higher rates or policy non-renewal. Car insurance companies provide the lowest premiums to drivers who are not frequent claim filers. Your insurance policy is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.

Tailor your insurance coverage coverage to you

When it comes to buying adequate coverage for your vehicles, there really is not a best way to insure your cars. Everyone’s situation is unique and a cookie cutter policy won’t apply. These are some specific questions may help you determine whether you might need professional guidance.

  • Are my friends covered when driving my 2000 Lexus ES 300?
  • Is my dog or cat covered if injured in an accident?
  • Is my nanny covered when driving my vehicle?
  • Can I rate high risk drivers on liability-only vehicles?
  • What are the best liability limits?
  • Is my trailer covered?
  • Should I buy full coverage?

If it’s difficult to answer those questions then you might want to talk to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies. It is quick, free and can help protect your family.

Insurance advertisements

Consumers can’t avoid all the ads for the lowest price insurance from the likes of State Farm, Allstate and GEICO. They all say the same thing about saving some big amount if you switch your insurance coverage to their company.

Is it even possible that every company can lower your car insurance rates? This is the trick they use.

All the different companies have strict underwriting profiles for the right customer that will be a good risk. A good example of a profitable risk profile may need to be married and over the age of 30, has no driving citations, and has a short commute. A customer getting a price quote that hits that “sweet spot” will get a cheap rate quote and as a result will probably save some money.

Potential insureds who are not a match for the ideal profile may be required to pay a higher premium which usually ends up with the customer not buying. The trick companies use is to say “drivers that switch” not “all people who quote” save that much. That is how insurance companies can confidently claim big savings.

Different companies use different criteria so drivers should get a wide range of price quotes. It’s not possible to predict which insurance company will fit your personal profile best.

Parts of your auto insurance policy

Understanding the coverages of a auto insurance policy aids in choosing the best coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and reading a policy is terribly boring. Shown next are the usual coverages available from auto insurance companies.

Comprehensive or Other Than Collision

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as fire damage, damage from getting keyed, hail damage, damage from flooding and falling objects. The maximum payout your auto insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Collision protection

Collision coverage covers damage to your ES 300 caused by collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as sideswiping another vehicle, crashing into a building and damaging your car on a curb. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Liability coverages

Liability coverage will cover damages or injuries you inflict on a person or their property in an accident. It protects YOU against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show 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 property damage coverage for $50,000. Another option is a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers claims such as repair costs for stationary objects, structural damage and repair bills for other people’s vehicles. The amount of liability coverage you purchase is up to you, but consider buying as large an amount as possible.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses like surgery, X-ray expenses and prosthetic devices. The coverages can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not universally available and may carry a deductible

UM/UIM Coverage

This coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Lexus ES 300.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time the UM/UIM limits are similar to your liability insurance amounts.

More effort can pay off

Some insurance coverage companies may not provide online price quotes and most of the time these smaller companies sell through independent agents. Cheap 2000 Lexus ES 300 insurance can be found on the web and from local agencies, and you need to price shop both in order to have the best chance of saving money.

As you shop your coverage around, it’s very important that you do not skimp on coverage in order to save money. There are many occasions where consumers will sacrifice liability limits or collision coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to purchase a proper amount of coverage at a price you can afford but still have enough coverage for asset protection.

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