2016 Lexus ES 300h Insurance Quotes – 7 Discounts for Cheaper Rates

Getting more affordable auto insurance may at first seem to be problematic for consumers who are beginners to quoting and comparing prices on the web. With a ridiculous number of companies, how can anyone possibly compare them all to find the cheapest available price?

Take these seven policy discounts and save

Insuring your fleet can be pricey, but you may be missing some discounts to reduce the price significantly. Many of these discounts will be applied automatically when you purchase, but some discounts are required to be specially asked for prior to receiving the credit. If you do not check that you are getting every discount you deserve, you could be paying more than you need to.

  • Buy New and Save – Buying insurance coverage on a new vehicle may earn a small discount compared to insuring an older model.
  • Homeowners Discount – Owning a house can help you save on auto insurance since owning and maintaining a home requires personal responsibility.
  • Low Mileage Discounts – Low annual miles can qualify you for cheaper prices.
  • Discounts for Multiple Vehicles – Buying a policy with more than one vehicle on one policy can get a discount for every vehicle.
  • Clubs and Organizations – Belonging to certain professional organizations can get you a small discount when getting a car insurance quote.
  • No Claim Discounts – Insureds with no claims or accidents have much lower rates as compared to bad drivers.
  • Anti-theft Discount – Cars equipped with tracking devices and advanced anti-theft systems have a lower chance of being stolen and will save you 10% or more.

As a disclaimer on discounts, some of the credits will not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like physical damage coverage or medical payments. If you do the math and it seems like you would end up receiving a 100% discount, you aren’t that lucky.

Companies and a partial list of their discounts are shown below.

  • State Farm offers discounts including multiple policy, driver’s education, multiple autos, Steer Clear safe driver discount, Drive Safe & Save, passive restraint, and safe vehicle.
  • Liberty Mutual has savings for good student, multi-car, new vehicle discount, newly retired, exclusive group savings, and hybrid vehicle.
  • American Family offers discounts for mySafetyValet, defensive driver, good student, accident-free, bundled insurance, Steer into Savings, and multi-vehicle.
  • Progressive includes discounts for multi-vehicle, online quote discount, multi-policy, continuous coverage, online signing, and good student.
  • Farmers Insurance offers premium reductions for homeowner, mature driver, early shopping, business and professional, distant student, and good student.
  • Auto-Owners Insurance may have discounts that include multiple vehicles, paid in full, air bags, mature driver, and good student.
  • SAFECO may include discounts for multi-car, homeowner, accident prevention training, anti-lock brakes, and drive less.

When getting a coverage quote, ask every insurance company which discounts they offer. Some credits might not be offered in every state. For a list of insurers that offer many of these discounts, follow this link.

Which policy gives me the best coverage?

When it comes to buying the best auto insurance coverage, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s.

For instance, these questions can aid in determining if your insurance needs would benefit from an agent’s advice.

  • Should I waive the damage coverage when renting a car?
  • Am I covered when driving someone else’s vehicle?
  • Should I buy full coverage?
  • Am I missing any policy discounts?
  • At what point should I drop full coverage?
  • How much liability do I need to cover my assets?
  • Do I pay less if my vehicle is kept in my garage?
  • Is business property covered if stolen from my car?
  • When should I not file a claim?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with a licensed agent. To find an agent in your area, simply complete this short form.

Slick advertising tricks that work

Companies like Allstate, GEICO and Progressive constantly bombard you with ads on television and other media. They all seem to try to convey promises that you’ll save big if you just switch your car insurance policy to them. How do they all lower your premium rates? This is the trick they use.

Insurance companies provide the lowest rates for the type of driver that will most likely be profitable. For example, a profitable customer could be married and over the age of 30, has a clear driving record, and insures a new vehicle. A propective insured who fits those characteristics may get the lowest prices and therefore will save when they switch companies.

Drivers who are not a match for these stringent criteria must pay higher premiums which results in business going elsewhere. If you pay close attention to the ads, they say “people who switch” not “everybody who quotes” will save that much if they switch. This is how companies can truthfully claim big savings. This really illustrates why drivers must do a price quote comparison at every renewal. Because without a comparison, you cannot know which car insurance company will have the best prices for your profile.

Specific coverages for a 2016 Lexus ES 300h

Understanding the coverages of a auto insurance policy aids in choosing the best coverages and proper limits and deductibles. Policy terminology can be difficult to understand and reading a policy is terribly boring.

Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage gives you protection when the “other guys” do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Collision coverages – Collision coverage will pay to fix damage to your ES 300h resulting from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like scraping a guard rail, crashing into a ditch and hitting a parking meter. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. It’s also possible to increase the deductible to bring the cost down.

Liability car insurance – Liability insurance can cover damage that occurs to people or other property. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 100/300/100 which stand for a limit of $100,000 per injured person, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability coverage pays for claims such as court costs, loss of income and funeral expenses. How much coverage you buy is a decision to put some thought into, but consider buying higher limits if possible.

Insurance for medical payments – Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses like rehabilitation expenses, prosthetic devices, dental work, funeral costs and doctor visits. The coverages can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants and also covers any family member struck as a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Comprehensive coverage (or Other than Collision) – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things like hitting a bird, damage from getting keyed and vandalism. 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.

The bottom line

More affordable auto insurance is available online and also from your neighborhood agents, so you need to shop car insurance with both in order to have the best chance of saving money. A few companies do not provide online price quotes and these regional carriers sell through independent insurance agencies.

In this article, we presented a lot of ways to compare 2016 Lexus ES 300h insurance prices online. The key thing to remember is the more providers you compare, the higher your chance of finding inexpensive car insurance. Consumers could even find that the best price on auto insurance is with a lesser-known regional company.

Insureds switch companies for a variety of reasons including policy cancellation, high rates after DUI convictions, being labeled a high risk driver and questionable increases in premium. Whatever your reason, finding the right auto insurance provider is not as hard as you think.

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