2013 Lexus LS 460 Insurance Cost

Want cheaper insurance coverage rates for your Lexus LS 460? No one in their right mind likes paying for insurance coverage, particularly when the price is too high.

Multiple insurers compete for your insurance dollar, and it can be difficult to compare rates to find the lowest cost out there.

How to Get Insurance Comparison Quotes

When shopping for insurance there are multiple ways of comparing rate quotes from different insurance companies. The easiest way by far to find the lowest 2013 Lexus LS 460 rates consists of shopping online. This can be done in just a few minutes using one of these methods.

  1. The first (and easiest) way to find low rates is a comparison rater form click here to open form in new window. This method prevents you from having to do separate quotation requests for each company you want a rate for. One simple form will get you price quotes instantly.
  2. A less efficient way to get comparison quotes requires visiting each company’s website to request a price quote. For sake of this example, we’ll assume you want to compare rates from Allstate, Esurance and GEICO. To find out each rate you need to go to every website and enter your information, and that’s why the first method is more popular.

    For a list of links to companies insuring cars in your area, click here.

  3. The least recommended method of comparing rate quotes is to spend your day driving to local insurance agencies. Buying insurance online eliminates the need for an insurance agent unless you prefer the professional advice of a licensed agent. However, consumers can price shop your coverage online but still have the advice of a local agent.

It’s your choice how you get your quotes, but ensure you are comparing identical coverages and limits for every company. If you use differing limits you can’t possibly decipher which rate is best. Quoting even small variations in insurance coverages can mean a large discrepancy in price. Just remember that more quotes will improve the odds of getting a better price.

Companies offer discounts so take them!

Companies offering auto insurance don’t list every discount in a way that’s easy to find, so we took the time to find both well-publicized and the more hidden discounts you could be receiving.

  • More Vehicles More Savings – Buying coverage for multiple cars or trucks with the same company may reduce the rate for each vehicle.
  • No Accidents – Drivers with accident-free driving histories can save substantially as compared to accident-prone drivers.
  • Paperwork-free – A handful of insurance companies give back up to $50 for buying your policy digitally online.
  • Anti-lock Brake Discount – Vehicles equipped with ABS or steering control are safer to drive and earn discounts up to 10%.
  • Federal Government Employee – Employees or retirees of the government can earn a discount up to 10% for LS 460 coverage with certain companies.
  • Low Mileage Discounts – Driving fewer miles can qualify you for discounted rates on garaged vehicles.
  • Military Discounts – Having a deployed family member could be rewarded with lower premiums.
  • Bundle and Save – If you have multiple policies with one insurance company you will save approximately 10% to 15%.
  • Drivers Ed for Students – Cut your cost by having your teen driver take driver’s ed class in high school.

Consumers should know that most discount credits are not given the the whole policy. A few only apply to individual premiums such as medical payments or collision. So when the math indicates you could get a free car insurance policy, car insurance companies aren’t that generous.

Insurance companies that may have these money-saving discounts include:

Double check with every prospective company which discounts you may be entitled to. All car insurance discounts might not apply in your state.

Do I just need basic coverages?

When it comes to choosing coverage, there isn’t really a perfect coverage plan. Everyone’s situation is a little different so your insurance should reflect that For instance, these questions could help you determine if your situation might need an agent’s assistance.

  • Do I need medical payments coverage since I have good health insurance?
  • Should I bundle my homeowners policy with my auto?
  • What happens if I owe more than my 2013 Lexus LS 460 is worth?
  • Does my medical payments coverage pay my health insurance deductible?
  • Do I have coverage when making deliveries for my home business?
  • Does my insurance cover a custom paint job?
  • Do I need rental car coverage?

If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.

Car insurance 101

Knowing the specifics of your policy aids in choosing appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be confusing and coverage can change by endorsement. Listed below are typical coverages offered by insurance companies.

Comprehensive protection – This coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as hail damage, hitting a deer, a tree branch falling on your vehicle and damage from a tornado or hurricane. The highest amount a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Liability auto insurance – Liability coverage can cover damage that occurs to other people or property that is your fault. This insurance protects YOU from claims by other people. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 50/100/50 that means you have $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.

Liability coverage pays for things like repair costs for stationary objects, funeral expenses and structural damage. How much coverage you buy is a personal decision, but you should buy as much as you can afford.

Collision – This coverage pays for damage to your LS 460 caused by collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things such as hitting a parking meter, driving through your garage door, crashing into a building and damaging your car on a curb. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to raise the deductible in order to get cheaper collision rates.

Medical expense coverage – Medical payments and Personal Injury Protection insurance provide coverage for expenses for things like nursing services, prosthetic devices and rehabilitation expenses. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. PIP is not an option in every state and may carry a deductible

Uninsured or underinsured coverage – This coverage protects you and your vehicle when other motorists do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your Lexus LS 460.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Saving money makes a lot of cents

We’ve covered a lot of tips how to lower your 2013 Lexus LS 460 insurance rates. The most important thing to understand is the more times you quote, the higher the chance of saving money. Consumers could even find that the lowest priced insurance comes from some of the smallest insurance companies. These smaller insurers may have significantly lower rates on certain market segments as compared to the big name companies such as Progressive and GEICO.

While you’re price shopping online, it’s very important that you do not sacrifice coverage to reduce premiums. In too many instances, consumers will sacrifice liability coverage limits and found out when filing a claim that their decision to reduce coverage ended up costing them more. Your strategy should be to find the BEST coverage at a price you can afford while not skimping on critical coverages.

Additional articles