Searching for the cheapest insurance for a Lexus SC 400 can turn out to be a painful process, but you can follow a few tricks to save time.
There is a right way and a wrong way to compare auto insurance rates so we’re going to tell you the quickest way to price shop coverage for a new or used Lexus and obtain the lowest possible price.
Smart consumers take time to compare rates quite often because rates are constantly changing. If you had the lowest rates on SC 400 insurance two years ago the chances are good that you can find a lower rate today. Block out anything you think you know about auto insurance because you’re about to find out the quickest way to buy cheaper auto insurance.
If you currently have a car insurance policy, you should be able to save some money using these methods. Shopping for the lowest cost protection is easy if you know what you’re doing. But drivers must know the way insurance companies market on the web and use this information to your advantage.
Comparing auto insurance rates is a ton of work if you aren’t aware of the easiest way. You can spend your afternoon driving to local insurance agents in your area, or you can utilize the web to get the quickest rates.
Most of the larger companies participate in an industry program where insurance shoppers enter their policy data once, and each participating company then returns a price quote based on that information. This saves time by eliminating quote forms for each company.
To enter your information into the quoting system, click here to start a free quote.
The single downside to using this type of system is you are unable to specify the insurers to get pricing from. So if you prefer to pick from a list of companies to request quotes from, we have assembled a list of the cheapest auto insurance companies in your area. View list of insurance companies.
Whichever method you choose, ensure you’re using apples-to-apples coverage limits and deductibles for each comparison quote. If your comparisons have differing limits it will be impossible to truly determine the lowest rate. Quoting even small variations in limits may result in large price differences. And when quoting auto insurance, remember that getting more free quotes helps locate lower pricing.
The price of auto insurance can be rather high, but you can get discounts that can drop the cost substantially. Larger premium reductions will be automatically applied at the time you complete a quote, but some must be manually applied before you will receive the discount.
A little note about advertised discounts, most discount credits are not given to all coverage premiums. Some only reduce the price of certain insurance coverages like comp or med pay. So even though they make it sound like all the discounts add up to a free policy, it just doesn’t work that way. But any discount will reduce your premiums.
For a list of insurance companies offering auto insurance discounts, follow this link.
Learning about specific coverages of your auto insurance policy aids in choosing which coverages you need for your vehicles. Auto insurance terms can be ambiguous and even agents have difficulty translating policy wording.
This pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage pays for claims like vandalism, damage from flooding, hitting a deer and damage from a tornado or hurricane. The highest amount you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.
This covers damage to your SC 400 from colliding with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers things like scraping a guard rail, hitting a mailbox, driving through your garage door and colliding with another moving vehicle. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. You can also bump up the deductible to get cheaper collision coverage.
Medical payments coverage and PIP
Medical payments and Personal Injury Protection insurance pay for bills like EMT expenses, pain medications, dental work and X-ray expenses. They are utilized in addition to your health insurance policy or if you do not have health coverage. They cover both the driver and occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage
Uninsured/Underinsured Motorist coverage
This protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.
Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.
Liability coverage will cover damage or injury you incur to other people or property by causing an accident. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 50/100/50 which means a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.
Liability coverage pays for claims like repair costs for stationary objects, repair bills for other people’s vehicles and court costs. The amount of liability coverage you purchase is up to you, but consider buying as large an amount as possible.