2002 Lexus RX 300 Car Insurance Rates – 10 Tricks for Cheapest Quotes

Locating the cheapest insurance for a Lexus RX 300 can turn out to be an all-consuming task, but you can learn our car insurance buying tips and make it easy.

There are more efficient ways to shop for car insurance so you’re going to learn the quickest way to price shop coverage for your Lexus and obtain the lowest price from both online companies and local agents.

You need to get comparison quotes yearly because rates change quite often. Just because you had the best price for RX 300 insurance six months ago a different company probably has better rates today. There is a lot of bad information regarding car insurance on the web, but I’m going to show you some good information on how to find affordable car insurance.

Comparison of Car Insurance

Shopping for lower car insurance rates can be exhausting if you don’t know the easiest way. You could spend your day talking to agents in your area, or you can utilize online quotes to get rate comparisons in just a few minutes.

Many companies take part in a program where prospective buyers submit their information once, and every company then returns a price quote based on the submitted data. This prevents consumers from doing quote requests for each company you want a rate for.

To enter your information into the quoting system, click here (opens in new window).

The one downside to doing it this way is you don’t know exactly the providers to get quotes from. So if you prefer to choose individual companies to compare prices, we put together a list of low cost car insurance companies in your area. View list of insurance companies.

Whichever method you choose, compare apples-to-apples coverages and limits for every company. If you use mixed coverages it’s not possible to make a fair comparison for your Lexus RX 300.

Are you getting all your discounts?

Insuring your vehicles can cost a lot, but companies offer discounts that you may not know about. Most are applied when you get a quote, but less common discounts must be specially asked for before you get the savings. If they aren’t giving you every credit you deserve, you’re just leaving money on the table.

  • Auto/Home Discount – If you have multiple policies with the same insurance company you will save 10% to 20% off each policy.
  • Clubs and Organizations – Participating in a qualifying organization could qualify you for a break when shopping for car insurance for RX 300 insurance.
  • Safe Driver Discount – Drivers who don’t get into accidents may save up to 50% more for RX 300 insurance than their less cautious counterparts.
  • Accident Forgiveness – A few companies permit an accident before raising your premiums as long as you don’t have any claims prior to the accident.
  • New Car Discount – Buying coverage on a new vehicle can be considerably cheaper because new vehicles have to meet stringent safety requirements.
  • Early Switch Discount – A few companies offer discounts for buying a policy before your current expiration date. It’s a savings of about 10%.
  • Lower Rates for Military – Having a family member in the military could be rewarded with lower premiums.
  • Safety Course Discount – Completing a course teaching defensive driving skills could cut 5% off your bill if your company offers it.
  • Homeowners Discount – Being a homeowner may earn you a small savings due to the fact that maintaining a home requires personal responsibility.
  • Student in College – Kids in college who attend school more than 100 miles from home and do not have access to a covered vehicle may qualify for this discount.

Consumers should know that some credits don’t apply the the whole policy. A few only apply to the price of certain insurance coverages like comprehensive or collision. So even though they make it sound like you could get a free car insurance policy, companies don’t profit that way. Any amount of discount will reduce the cost of coverage.

For a list of insurance companies offering car insurance discounts, click here to view.

Tailor your coverage to you

When choosing proper insurance coverage, there really is not a best way to insure your cars. Every insured’s situation is different.

Here are some questions about coverages that might help in determining if you may require specific advice.

  • When should I remove comp and collision on my 2002 Lexus RX 300?
  • When would I need additional glass coverage?
  • How much liability coverage do I need in my state?
  • How high should my uninsured/underinsured coverage be in my state?
  • How can I get high-risk coverage after a DUI?
  • Do I have coverage when using my vehicle for my home business?
  • When should my teen driver be added to my policy?
  • I don’t drive much so do I pay less?
  • Will my vehicle be repaired with OEM or aftermarket parts?

If you can’t answer these questions, you might consider talking to a licensed agent. If you don’t have a local agent, fill out this quick form. It only takes a few minutes and can provide invaluable advice.

Coverages available on your insurance policy

Having a good grasp of a insurance policy can be of help when determining the right coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and coverage can change by endorsement.

Comprehensive coverage

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like theft, rock chips in glass, damage from getting keyed, fire damage and hail damage. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Liability

This can cover damage or injury you incur to people or other property in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 that means you have $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have a combined limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage pays for claims like attorney fees, structural damage and loss of income. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as much as you can afford.

Uninsured/Underinsured Motorist coverage

This coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Normally these limits are identical to your policy’s liability coverage.

Auto collision coverage

This will pay to fix damage to your RX 300 resulting from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for things such as driving through your garage door, colliding with a tree, sustaining damage from a pot hole, crashing into a building and sideswiping another vehicle. This coverage can be expensive, so consider removing coverage from vehicles that are older. It’s also possible to increase the deductible to save money on collision insurance.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for things like EMT expenses, funeral costs, ambulance fees, chiropractic care and pain medications. They are utilized in addition to your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants and will also cover being hit by a car walking across the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Shop Smart and Save

When trying to cut insurance costs, it’s a bad idea to reduce coverage to reduce premium. There are too many instances where consumers will sacrifice comprehensive coverage or liability limits and learned later that it was a big mistake. Your strategy should be to find the BEST coverage for the lowest price, not the least amount of coverage.

We covered a lot of tips how to lower your 2002 Lexus RX 300 insurance rates. The key thing to remember is the more rate quotes you have, the better chance you’ll have of finding lower rates. You may even find the best prices are with a small mutual company.

Affordable insurance is possible from both online companies and also from your neighborhood agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some insurance providers may not provide online quoting and many times these small insurance companies only sell through independent insurance agents.

Additional detailed information can be found by following these links: