Cheap 2001 Lexus RX 300 Car Insurance Rates

No one in their right mind likes paying for car insurance, particularly when their premiums are too high. Multiple auto insurance companies compete for your business, and it can be difficult to compare rates to find the absolute lowest rate

It’s a great practice to take a look at other company’s rates every six months due to the fact that insurance rates are adjusted regularly by insurance companies. Just because you had the best deal for RX 300 coverage a few years ago the chances are good that you can find a lower rate today. Block out anything you think you know about car insurance because you’re about to learn one of the quickest ways to save money, get proper deductibles and limits, all at the lowest rate.

If you have a current car insurance policy or need a new policy, you will benefit by learning to get lower rates while maintaining coverages. Choosing the best insurance company for you is easy if you know what you’re doing. Drivers just need to learn how to compare rates on the web.

Are you getting all your discounts?

The price of auto insurance can be rather high, but you can get discounts to help bring down the price. Certain discounts will be applied at the time of quoting, but a few need to be specially asked for before you will receive the discount. If you don’t get every credit you qualify for, you’re paying more than you need to.

  • Distant Student – Youth drivers who are attending college without a vehicle on campus may qualify for this discount.
  • Homeowners Discount – Being a homeowner can save you money because owning a home requires personal responsibility.
  • Sign Early and Save – Some insurance companies reward drivers for buying a policy prior to your current policy expiration. It can save you around 10%.
  • Defensive Driving Course – Taking part in a driver safety course could save 5% or more if you qualify.
  • Good Student – A discount for being a good student can earn a discount of 20% or more. Earning this discount can benefit you well after school through age 25.
  • Air Bag Discount – Vehicles with factory air bags or motorized seat belts can qualify for discounts of more than 20%.
  • Employee of Federal Government – Employees or retirees of the government can save as much as 8% for RX 300 coverage with select insurance companies.
  • Anti-theft Discount – Cars that have factory anti-theft systems are stolen less frequently and will save you 10% or more.

Consumers should know that many deductions do not apply the the whole policy. Some only reduce individual premiums such as comprehensive or collision. Even though it may seem like all those discounts means the company will pay you, companies wouldn’t make money that way. But any discount will cut your premiums.

Companies that may have some of the above discounts are:

Before buying, ask each insurance company which discounts they offer. All car insurance discounts may not apply in your state.

Comprehensive Car Insurance Comparison

There are a lot of ways to compare car insurance quotes, but there is one way that is less time-consuming than others. You could spend your day driving to insurance companies in your area, or you can stay home and use online quotes to accomplish the same thing much quicker.

Most major companies belong to a marketplace that enables customers to submit their information once, and each company then returns a price quote determined by their information. This prevents consumers from doing repetitive form submissions for each company you want a rate for.

To compare 2001 Lexus RX 300 rates now click here to open in new window.

The single downside to using this type of form is that you can’t choose the providers you will receive quotes from. So if you want to select specific insurance companies to compare, we have a page of companies who write car insurance in your area. Click here for list of insurance companies.

It doesn’t matter which method you choose, just make darn sure you compare the exact same deductibles and coverage limits on every quote you get. If you enter higher or lower deductibles it’s impossible to make a fair comparison for your Lexus RX 300.

Tailor your coverage to you

When buying the best insurance coverage, there really is not a perfect coverage plan. Coverage needs to be tailored to your specific needs so your insurance needs to address that. For instance, these questions could help you determine if you would benefit from professional advice.

  • Am I getting all the discounts available?
  • Is my dog or cat covered if injured in an accident?
  • Does coverage extend to my business vehicle?
  • Should I buy additional glass protection?
  • Am I covered if I hit my neighbor’s mailbox?
  • Is my cargo covered for damage or theft?
  • What is the rate difference between pleasure use and commuting?
  • Where can I get insurance after a DUI in my state?
  • When do I need to add a new car to my policy?
  • What is an SR-22 filing?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies. It’s fast, free and may give you better protection.

Car insurance coverages for a 2001 Lexus RX 300

Knowing the specifics of your insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Below you’ll find typical coverages found on the average insurance policy.

Collision coverage

This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as driving through your garage door, sustaining damage from a pot hole, damaging your car on a curb and hitting a mailbox. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Another option is to increase the deductible to save money on collision insurance.

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your Lexus RX 300.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Coverage for medical payments

Med pay and PIP coverage reimburse you for short-term medical expenses for dental work, hospital visits, prosthetic devices and ambulance fees. They are used to fill the gap from your health insurance program or if you do not have health coverage. Coverage applies to both the driver and occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability coverages

Liability coverage can cover damages or injuries you inflict on people or other property by causing an accident. This coverage protects you from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Occasionally you may see a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for things such as loss of income, medical expenses and legal defense fees. How much liability should you purchase? That is up to you, but buy higher limits if possible.

Comprehensive coverages

This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like a broken windshield, hitting a deer and vandalism. The maximum 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.

In conclusion

You just read many ideas to save on 2001 Lexus RX 300 insurance. The key concept to understand is the more quotes you get, the better your comparison will be. You may be surprised to find that the lowest rates come from a small mutual company. These smaller insurers may cover specific market segments cheaper than their larger competitors like State Farm and Allstate.

Low-cost insurance can be found from both online companies and with local insurance agents, and you should be comparing both to get a complete price analysis. A few companies do not offer the ability to get a quote online and most of the time these small, regional companies sell through independent agents.

Additional insurance coverage information is located at the links below