2001 Lexus RX 300 Insurance Quotes

Drivers have a choice when trying to find affordable Lexus RX 300 insurance. They can either waste time contacting agents getting price quotes or use the internet to get rate quotes. There is a right way and a wrong way to shop for insurance coverage and you need to know the quickest way to price shop coverage for a Lexus and find the best price possible.

How to buy auto insurance

There are a lot of ways to compare auto insurance prices but one way is easier and takes less work. You could spend the better part of a day talking about coverages with agents in your area, or you could save time and use online quoting for quick rates.

Most major companies take part in a program that allows shoppers to send in one quote, and every company returns a rated price determined by their information. This system prevents you from having to do quote forms for every auto insurance company.

To compare pricing click to open in new window.

The one downside to pricing coverage this way is you cannot specify which providers you want pricing from. So if you prefer to pick specific providers to request quotes from, we put together a list of auto insurance companies in your area. Click here to view list.

It doesn’t matter which method you choose, just double check that you are using nearly identical deductibles and coverage limits for every quote you compare. If you have different deductibles then you won’t be able to determine which company has the best rates.

You can change your insurance costs

Multiple criteria are used when you get a price on insurance. A few of the factors are predictable such as traffic violations, but other factors are less apparent such as your credit history or your financial responsibility.One of the most helpful ways to save on auto insurance is to to have a grasp of the factors that come into play when calculating your policy premiums. When consumers understand what positively or negatively impacts your premiums, this empowers consumers to make smart changes that may reward you with lower rates.

  • Cheaper rates with high deductibles – The deductibles you choose are the amount of money you are willing to pay if a covered claim is submitted. Insurance for physical damage, also called ‘full coverage’, is used to repair damage to your car. A few examples of covered claims are a windshield broken by a bird, hail damage, and having a roll-over accident. The more damage repair cost you choose to pay out-of-pocket, the less money you will pay for auto insurance on RX 300 insurance.
  • Responsible drivers pay lower prices – Getting just one citation may cause rates to rise by twenty percent. Good drivers get better prices than their less careful counterparts. Drivers who get flagrant citations like hit and run, DWI or reckless driving convictions may find they need to complete a SR-22 with their state motor vehicle department in order to legally drive.
  • Credit history impacts premiums – Having a good credit score can be an important factor in determining premium rates. Consumers who have very good credit scores tend to be less risk to insure than drivers with bad credit. If your credit score is low, you could be paying less to insure your 2001 Lexus RX 300 by improving your rating.
  • Liability insurance limits on your policy – The liability section of your policy will provide protection when you are responsible for damages caused by your negligence. Liability provides legal defense which can cost thousands of dollars. Liability insurance is pretty cheap as compared to coverage for physical damage, so buy as much as you can afford.
  • Extra policy coverages that may not be needed – There are quite a few optional add-on coverages that can add up if you aren’t diligent. Add-on coverages like personal injury protection, death and dismemberment, and motor club memberships are some examples. They may seem like a good idea initially, but if you don’t need them remove them from your policy.
  • Where you live – Choosing to live in small towns and rural areas is a good thing when it comes to auto insurance. Drivers who live in large cities have to deal with much more traffic and higher rates of accident claims. Less people means a lower chance of having an accident as well as less vandalism and auto theft.
  • Are you male or female? – Over the last 30 years, statistics show that females take fewer risks when driving. However, don’t assume that females are better at driving than males. They both cause fender benders at a similar rate, but the male of the species get into accidents with more damage. In addition to higher claims, males also get ticketed for serious violations such as driving while intoxicated (DWI) or driving recklessly. Youthful male drivers tend to get in the most accidents so it costs more to insure them.

Get cheaper car insurance with discounts

Some providers don’t always advertise every possible discount very well, so the following list contains a few of the more common and the more hidden credits available to bring down your rates.

  • First Accident Forgiveness – This one is not really a discount per se, but companies like GEICO, Allstate and Liberty Mutual will allow you to have one accident without getting socked with a rate hike with the catch being you have to be claim-free for a certain period of time.
  • Driver Safety – Passing a class that teaches defensive driving techniques is a good idea and can lower rates if you qualify.
  • Professional Memberships – Participating in certain professional organizations could earn you a nice discount on car insurance.
  • Savings for New Vehicles – Buying a new car instead of a used car can save you some money compared to insuring an older model.
  • Driver’s Education for Students – Cut your cost by having your teen driver enroll and complete driver’s education in school.
  • Telematics Data – Drivers who elect to allow their company to scrutinize when and where they use their vehicle by using a telematic data system such as Snapshot from Progressive or Drivewise from Allstate could possibly reduce rates if they show good driving skills.
  • 55 and Retired – Drivers over the age of 55 could receive a small discount on rates on RX 300 insurance.
  • Distant Student – College-age children who are enrolled in a college that is more than 100 miles from home without a vehicle on campus can be insured at a reduced rate.

Drivers should understand that most discount credits are not given to the entire policy premium. Most only reduce the price of certain insurance coverages like medical payments or collision. So even though you would think you can get free auto insurance, it’s just not the way it works. But any discount will bring down your car insurance premiums.

Large car insurance companies and some of their more popular discounts can be read below.

  • State Farm may have discounts that include accident-free, student away at school, good driver, multiple policy, passive restraint, and defensive driving training.
  • Farmers Insurance offers premium reductions for distant student, alternative fuel, mature driver, bundle discounts, and electronic funds transfer.
  • Progressive offers discounts for online quote discount, multi-vehicle, homeowner, continuous coverage, multi-policy, and good student.
  • GEICO includes discounts for military active duty, good student, membership and employees, defensive driver, anti-lock brakes, and five-year accident-free.
  • Auto-Owners Insurance offers discounts including group or association, paperless, mature driver, safe driver, air bags, and anti-lock brakes.
  • The Hartford discounts include bundle, good student, air bag, vehicle fuel type, and anti-theft.
  • Farm Bureau may include discounts for multi-vehicle, 55 and retired, multi-policy, safe driver, renewal discount, good student, and driver training.
  • USAA policyholders can earn discounts including annual mileage, vehicle storage, multi-vehicle, loyalty savings, and good student.

When getting a coverage quote, ask every prospective company which discounts you may be entitled to. All car insurance discounts might not be available to policyholders in your area.

Tailor your insurance coverage to you

When buying coverage for your vehicles, there isn’t really a one size fits all plan. Everyone’s situation is a little different.

These are some specific questions can help discover whether you could use an agent’s help.

  • How do I insure my teen driver?
  • When should I drop full coverage on my 2001 Lexus RX 300?
  • Do I have any recourse if my insurance company denies a claim?
  • Am I covered when pulling a rental trailer?
  • What is the ISO rating for a 2001 Lexus RX 300?
  • Should I put collision coverage on all my vehicles?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to an agent. To find an agent in your area, complete this form. It only takes a few minutes and you can get the answers you need.

Insurance specifics

Having a good grasp of your insurance policy helps when choosing which coverages you need for your vehicles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy.

Auto liability insurance

Liability coverage provides protection from injuries or damage you cause to other people or property that is your fault. This insurance protects YOU from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 50/100/50 which stand for a $50,000 limit per person for injuries, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability can pay for claims such as loss of income, emergency aid and structural damage. How much coverage you buy is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Uninsured Motorist or Underinsured Motorist insurance

This protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries and also any damage incurred to your Lexus RX 300.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.

Insurance for medical payments

Med pay and PIP coverage pay for expenses for things like EMT expenses, dental work, nursing services and ambulance fees. They are often used to fill the gap from your health insurance program or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive coverage (or Other than Collision)

This coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as hitting a deer, a tree branch falling on your vehicle and fire damage. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Auto collision coverage

Collision coverage pays to fix your vehicle from damage resulting from a collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as driving through your garage door, sideswiping another vehicle, crashing into a building and rolling your car. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

More effort can pay off

Drivers who switch companies do it for many reasons like delays in responding to claim requests, not issuing a premium refund, extreme rates for teen drivers or poor customer service. It doesn’t matter what your reason, choosing a new company is pretty easy and you might even save some money in the process.

We just covered some good ideas how you can lower your 2001 Lexus RX 300 insurance prices. The most important thing to understand is the more providers you compare, the better chance you’ll have of finding cheap insurance coverage. You may even find the best prices are with the smaller companies.

As you prepare to switch companies, don’t be tempted to skimp on coverage in order to save money. There have been many situations where consumers will sacrifice comprehensive coverage or liability limits only to find out they didn’t have enough coverage. Your objective should be to buy the best coverage you can find at the best possible price while not skimping on critical coverages.

Much more information about insurance coverage can be read below: