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Lexus LS 500 Insurance Rates

You have many choices when trying to insure your Lexus vehicle. You can buy from a local agent or shop online to check prices from many different auto insurance companies. Comparing auto insurance through online rate quotes is easy, in addition you might just save a little.

Beginners to comparing rates may think finding cut-rate Lexus LS 500 insurance is going to be difficult. Finding a lower price on Lexus LS 500 insurance can be surprisingly simple. You just have to take a little time to get quotes from different insurance companies. This can be done by completing this short form.

Criteria which help determine your insurance rates

Auto insurance rates for your Lexus LS 500 can fluctuate considerably based upon several criteria. A few of these criteria are:

  • The performance level of your LS 500
  • Accidents raise premiums
  • Home and auto can earn discounts
  • Pleasure, commuting or business use can affect rates
  • Your birth date
  • Having a spouse can save money
  • Optional coverages like vehicle replacement
  • Claims drive up premiums
  • Having continuous coverage saves you money
  • Owning a home can lower rates

A final factor that can impact Lexus LS 500 insurance rates is the model year. New vehicles have a higher value in comparison to later models so repair costs are higher which may result in higher rates. Although newer vehicles may have a trim level with safety features included like lane departure warning system, a telematics system, and adaptive headlights which may give discounted rates.

To get a better understanding how much rates will be for your vehicle, select the year of your LS 500 from the following list.

Auto liability

Liability insurance can cover injuries or damage you cause to other's property or people. Liability can pay for claims such as funeral expenses, loss of income, and emergency aid. Liability insurance is relatively cheap so consider buying as high a limit as you can afford.

Collision coverage

This coverage covers damage to your Lexus resulting from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. It's also possible to bump up the deductible in order to get cheaper Lexus LS 500 insurance rates.

Comprehensive auto 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 your Lexus LS 500 comprehensive insurance. The most a auto insurance company will pay at claim time is the actual cash value, so if the vehicle's value is low it's probably time to drop comprehensive insurance.

Uninsured Motorist or Underinsured Motorist insurance

This coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Because many people have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP provide coverage for bills (i.e. ambulance fees, surgery, and doctor visits). They are utilized in addition to your health insurance program or if you are not covered by health insurance. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage.

How Much are Lexus LS 500 Insurance Rates?