1998 Lexus LS 400 Car Insurance Cost

Confused by the crazy number of auto insurance companies? Lot’s of other consumers are too. Drivers have so many choices that it can turn into a challenge to find better rates.

Vehicle Insurance Comparison

There are several ways to compare rate quotes and find the best price. One of the best ways to find the lowest 1998 Lexus LS 400 rates is to get quotes online. This can be done in just a few minutes using one of these methods.

  • The best way to get the best comparison quotes is a comparison rater form like this one (opens in new window). This method keeps you from doing boring form submissions for each company you want a rate for. Completing one form will get you price quotes from all major companies. It’s the fastest way to compare.
  • A more difficult way to get quotes online consists of going to each company’s website to complete their respective quote request forms. For instance, we’ll assume you want to compare Geico, 21st Century and Allstate. To get rate quotes you would need to spend time on each company’s site and enter your information, which is why the first method is more popular. For a list of links to insurance companies in your area, click here.
  • The least efficient way to compare rates is driving around to insurance agents’ offices. The ability to buy insurance online has reduced the need for local agents unless you want the trained guidance of a licensed agent. Drivers can get the lowest quotes online but buy from a local insurance agent and we’ll talk about that later.

Which method you use is up to you, but make darn sure you compare identical information on every quote. If you have differing limits it will be impossible to truly determine the lowest rate. Having just a slight variation in coverages can mean a large discrepancy in price. Keep in mind that obtaining a wide range of quotes will improve the odds of getting a better price.

Factors that might impact rates for a Lexus LS 400

An important part of buying insurance is that you know the rating factors that come into play when calculating the rates you pay for auto insurance. Knowing what impacts premium levels enables informed choices that could result in much lower annual insurance costs.

  • Where you live can impact rates – Being located in a small town is a positive aspect when buying auto insurance. Fewer drivers translates into fewer accidents and a lower car theft rate. Drivers who live in large cities tend to have more traffic problems and longer commute times. Longer commute distances means higher likelihood of an accident.
  • Choose a safe vehicle and save – Vehicles with good safety scores can get you lower premiums. Safer cars reduce injuries and lower injury rates translates into fewer and smaller insurance claims and thus lower rates. If your Lexus LS 400 earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.
  • One company can mean more discounts – Many companies give discounts to customers who consolidate policies with them in the form of a multi-policy discount. Even if you’re getting this discount it’s still a good idea to compare rates to verify if the discount is saving money.
  • Discounts for married couples – Having a spouse actually saves money when buying auto insurance. It usually means you are more mature than a single person and it’s proven that married drivers get in fewer accidents.
  • Your auto insurance rates can be influenced by your job – Jobs such as judges, business owners and financial analysts have higher average rates due to stressful work requirements and lots of time spent at work. Conversely, professions such as pilots, engineers and the unemployed get better rates on LS 400 insurance.
  • No coverage gaps is important – Not having insurance is a misdemeanor and your next policy will cost more because you let your insurance expire. And not only will your rates increase, but not being able to provide proof of insurance may earn you a license revocation or jail time.Then you may be required to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.
  • Better credit scores mean better rates – Your credit score is a large factor in calculating your auto insurance rates. If your credit score is lower than you’d like, you could potentially save money when insuring your 1998 Lexus LS 400 by spending a little time repairing your credit. Drivers with excellent credit tend to file fewer claims and have better driving records than drivers who have poor credit.

More discounts equal less premium

The cost of insuring your cars can be expensive, but there could be available discounts to help offset the cost. Most are applied at the time of quoting, but some must be specifically requested in order for you to get them.

  • Military Rewards – Having a family member in the military can result in better rates.
  • Defensive Driver – Taking a driver safety course could cut 5% off your bill if your company offers it.
  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and qualify for as much as a 10% discount.
  • Good Students Pay Less – A discount for being a good student can get you a discount of up to 25%. The discount lasts until age 25.
  • Payment Discounts – If paying your policy premium upfront rather than paying monthly you can actually save on your bill.

Consumers should know that many deductions do not apply to all coverage premiums. Some only reduce specific coverage prices like physical damage coverage or medical payments. So even though it sounds like you could get a free insurance coverage policy, insurance coverage companies aren’t that generous. But any discount will help reduce the amount you have to pay.

Car insurance companies that may have these discounts include:

It’s a good idea to ask every prospective company which discounts you may be entitled to. All car insurance discounts may not be available in every state.

It’s not one size fits all

When choosing the right insurance coverage for your vehicles, there really is not a “best” method to buy coverage. Coverage needs to be tailored to your specific needs.

These are some specific questions may help you determine whether your personal situation may require specific advice.

  • Why am I required to buy high-risk coverage?
  • How can I force my company to pay a claim?
  • Should I buy full coverage?
  • Do I need higher collision deductibles?
  • Can I make deliveries for my home business?
  • How can I get my company to pay me more for my totalled car?
  • Does insurance cover tools stolen from my truck?
  • If my pet gets injured in an accident are they covered?
  • Is my ex-spouse still covered by my policy?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, complete this form.

Coverage specifics

Knowing the specifics of your insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring.


This will cover damage or injury you incur to other’s property or people that is your fault. This insurance protects YOU against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Another option is one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability can pay for claims like funeral expenses, medical expenses, court costs and repair bills for other people’s vehicles. How much coverage you buy is your choice, but you should buy higher limits if possible.

Uninsured or underinsured coverage

This protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently the UM/UIM limits are identical to your policy’s liability coverage.

Comprehensive protection

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like fire damage, damage from getting keyed and rock chips in glass. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Medical expense coverage

Coverage for medical payments and/or PIP provide coverage for immediate expenses like hospital visits, EMT expenses, surgery and chiropractic care. They can be used to fill the gap from your health insurance program or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP is not universally available and may carry a deductible

Collision coverage protection

Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims like hitting a parking meter, sustaining damage from a pot hole, colliding with a tree and scraping a guard rail. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. You can also raise the deductible to save money on collision insurance.

More quotes mean more savings

When trying to cut insurance costs, don’t be tempted to skimp on critical coverages to save a buck or two. Too many times, consumers will sacrifice uninsured motorist or liability limits only to find out they didn’t have enough coverage. The ultimate goal is to purchase a proper amount of coverage at an affordable rate, not the least amount of coverage.

In this article, we covered a lot of information how to compare 1998 Lexus LS 400 insurance prices online. The key concept to understand is the more times you quote, the more likely it is that you will get a better rate. Consumers may even find the lowest premiums are with a lesser-known regional company.

Drivers who switch companies do it for any number of reasons including extreme rates for teen drivers, an unsatisfactory settlement offer, delays in responding to claim requests or even high rates after DUI convictions. Regardless of your reason for switching companies, finding a new insurance coverage company is pretty easy and you might even save some money in the process.

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