2002 Lexus ES 300 Car Insurance Quotes – 9 Policy Discounts

Did you fall for a flashy sales pitch and buy an underperforming, overpriced insurance coverage policy? Believe me, you’re not the only one.

With so many online and local companies to choose from, it can be impossible to locate the most affordable insurer.

Do you qualify for a discount?

Companies offering auto insurance do not advertise every available discount in a way that’s easy to find, so we took the time to find both well-publicized and also the lesser-known savings tricks you should be using.

  • Drive Safe and Save – Safe drivers may receive a discount up to 45% less for ES 300 insurance than less cautious drivers.
  • Auto/Home Discount – If you insure your home and vehicles with the same insurance company you may save 10% to 20% off each policy.
  • Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes are safer to drive and therefore earn up to a 10% discount.
  • Military Rewards – Being deployed with a military unit could mean lower rates.
  • New Car Discount – Adding a new car to your policy can be considerably cheaper compared to insuring an older model.
  • Anti-theft System – Anti-theft and alarm systems are stolen less frequently and earn discounts up to 10%.
  • Drivers Ed for Students – Have your child complete a driver education course if it’s offered in school.
  • Seat Belts Save more than Lives – Drivers who require all occupants to wear their seat belts could cut 10% or more off the personal injury premium cost.
  • Passive Restraints and Air Bags – Cars that have air bags or motorized seat belts can get savings of more than 20%.

It’s important to understand that most credits do not apply the the whole policy. Some only apply to individual premiums such as liability and collision coverage. So despite the fact that it appears all the discounts add up to a free policy, it doesn’t quite work that way.

Car insurance companies who might offer some of the above discounts include:

Before buying, ask every prospective company which discounts you may be entitled to. Savings may not be available in every state.

Compare Insurance Coverage Costs

Effectively comparing insurance coverage prices can be a daunting task if you aren’t aware of the most efficient way. You could spend the better part of a day talking to insurance agencies in your area, or you can stay home and use online quoting for quick rates.

Many popular insurance companies take part in a program where insurance shoppers send in one quote, and each participating company can give them a price. This system prevents you from having to do repetitive form submissions for every insurance coverage company. To use this form to compare 2002 Lexus ES 300 insurance rates click here to start a free quote.

The only downside to using this type of system is that you can’t choose the insurers to get pricing from. So if you prefer to choose specific providers to receive pricing from, we have assembled a list of the cheapest insurance coverage companies in your area. Click to view list.

It doesn’t matter which method you choose, just ensure you’re using the exact same coverages for each price quote. If you enter differing limits you will not be able to decipher which rate is best. Quoting even small variations in limits could mean much higher rates. And when comparing insurance coverage rates, know that obtaining a wide range of quotes will improve the odds of getting the best rates.

What coverages do I need?

When it comes to buying the right insurance coverage for your personal vehicles, there really is not a “best” method to buy coverage. Every situation is different so this has to be addressed. For example, these questions can aid in determining whether you would benefit from professional advice.

  • What is UM/UIM insurance?
  • Do I need higher collision deductibles?
  • What if I owe more than I can insure my car for?
  • What is roadside assistance coverage?
  • How do I file an SR-22 for a DUI in my state?
  • Why do I only qualify for high-risk insurance?
  • How do I buy GAP insurance?
  • What is covered by UM/UIM coverage?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.

Learn about insurance coverages for a Lexus ES 300

Knowing the specifics of your policy aids in choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. Shown next are typical coverages offered by insurance companies.

Liability – Liability insurance provides protection from damage or injury you incur to other people or property by causing an accident. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 50/100/50 which means a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability coverage protects against claims like pain and suffering, medical services, funeral expenses, loss of income and structural damage. How much liability should you purchase? That is a decision to put some thought into, but consider buying as large an amount as possible.

Collision – This coverage will pay to fix damage to your ES 300 resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like colliding with a tree, sustaining damage from a pot hole and crashing into a ditch. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to save money on collision insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your Lexus ES 300.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.

Medical payments and PIP coverage – Med pay and PIP coverage kick in for short-term medical expenses such as ambulance fees, doctor visits, funeral costs and dental work. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers you and your occupants and also covers if you are hit as a while walking down the street. PIP coverage is not available in all states and may carry a deductible

Comprehensive auto coverage – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like fire damage, hitting a bird and damage from getting keyed. The highest amount your insurance company will pay 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.

Money doesn’t grow on trees

When you buy insurance online, you should never sacrifice coverage to reduce premiums. Too many times, an insured dropped collision coverage and discovered at claim time that the small savings ended up costing them much more. Your focus should be to get the best coverage possible at an affordable rate, not the least amount of coverage.

We covered some good ideas how to reduce 2002 Lexus ES 300 insurance prices online. It’s most important to understand that the more rate quotes you have, the better likelihood of reducing your rate. Drivers may discover the lowest priced car insurance comes from the smaller companies. Some small companies may cover specific market segments cheaper than the large multi-state companies such as State Farm, Geico and Nationwide.

To read more, feel free to browse the resources below: