Compare 2004 Lexus GX 470 Car Insurance Cost

Searching for lower insurance coverage rates for your Lexus GX 470? Wish you could get out of overpriced insurance coverage? It’s quite common and you’re not alone. Because you have many insurance providers from which to choose, it’s difficult to choose the lowest price insurance company.

Save money with discounts

Insurance can be pricey, but there are discounts available that you may not know about. Most are applied at quote time, but lesser-known reductions have to be specifically requested before being credited.

• Online Discount – Certain larger companies will give you a small discount for buying your policy on the internet.
• Accident-Free Discounts – Insureds who avoid accidents and claims have much lower rates in comparison with accident-prone drivers.
• Government Employee Discount – Employees or retirees of the government could cut as much as 10% off for GX 470 coverage with certain companies.
• Multi-car Discount – Having primary and secondary vehicles with one company can get a discount on all vehicles.
• Theft Prevention System – Cars, trucks, and SUVs with anti-theft systems help deter theft and will save you 10% or more.
• Resident Student – Youth drivers who live away from home at college and don’t have a car can be insured at a reduced rate.
• Payment Discounts – By paying your policy upfront instead of making monthly payments you may reduce your total bill.
• Discount for Multiple Policies – When you combine your auto and homeowners insurance with one insurance company you could earn a discount of over 10 percent off each policy depending on the company.

Keep in mind that most of the big mark downs will not be given to the entire cost. Most only reduce the cost of specific coverages such as medical payments or collision. Just because you may think all the discounts add up to a free policy, it’s just not the way it works.

Companies and the discounts they provide can be found below.

• Farm Bureau offers discounts including good student, 55 and retired, multi-policy, renewal discount, multi-vehicle, and youthful driver.
• MetLife policyholders can earn discounts including claim-free, accident-free, good driver, multi-policy, defensive driver, good student
• Progressive may include discounts for continuous coverage, good student, homeowner, multi-vehicle, multi-policy, and online signing.
• AAA includes discounts for multi-car, good driver, AAA membership discount, anti-theft, education and occupation, and multi-policy.
• American Family has discounts for good driver, multi-vehicle, TimeAway discount, defensive driver, early bird, air bags, and accident-free.
• Geico may have discounts that include membership and employees, good student, multi-vehicle, emergency military deployment, anti-theft, and defensive driver.
• State Farm has savings for Steer Clear safe driver discount, driver’s education, passive restraint, anti-theft, student away at school, defensive driving training, and safe vehicle.

If you need lower rates, check with each company which discounts can lower your rates. Discounts might not be offered on policies in your area. If you would like to view companies with discount insurance rates, follow this link.

What is the best insurance coverage coverage?

When it comes to buying coverage for your personal vehicles, there really is not a one size fits all plan. Everyone’s situation is a little different so your insurance should reflect that For example, these questions might help in determining if your insurance needs may require specific advice.

• Are all vehicle passengers covered by medical payments coverage?
• Can I afford to buy a different vehicle if my 2004 Lexus GX 470 is totaled?
• What is medical payments coverage?
• Who is covered when they drive my 2004 Lexus GX 470?
• Do I need rental car coverage?
• Is my business laptop covered if it gets stolen from my vehicle?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies. It only takes a few minutes and you can get the answers you need.

Coverages available on your insurance policy

Understanding the coverages of your insurance policy aids in choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Shown next are the usual coverages available from insurance companies.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses like rehabilitation expenses, dental work and X-ray expenses. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is only offered in select states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Usually the UM/UIM limits do not exceed the liability coverage limits.

Comprehensive insurance

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like vandalism, damage from flooding, falling objects and hitting a deer. The maximum amount 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 not worth carrying full coverage.

Collision coverage

This will pay to fix damage to your GX 470 from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims such as crashing into a ditch, colliding with a tree, driving through your garage door, rolling your car and hitting a parking meter. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. You can also raise the deductible to bring the cost down.

Liability

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

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 limits of 50/100/50 which stand for $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability insurance covers claims such as legal defense fees, emergency aid, medical expenses and attorney fees. The amount of liability coverage you purchase is your choice, but consider buying as large an amount as possible.

Shop smart and save

We just presented a lot of information how to get a better price on 2004 Lexus GX 470 insurance. The most important thing to understand is the more price quotes you have, the more likely it is that you will get a better rate. Consumers may even find the lowest priced auto insurance comes from the smaller companies. Regional companies often have lower prices on specific markets than the large multi-state companies such as Allstate and Progressive.

Cheaper 2004 Lexus GX 470 insurance can be sourced on the web and from local insurance agents, so you need to quote auto insurance with both to have the best chance of lowering rates. A few companies may not offer internet price quotes and usually these smaller providers provide coverage only through independent agents.

When getting auto insurance quotes online, make sure you don’t reduce needed coverages to save money. There are a lot of situations where consumers will sacrifice liability coverage limits and learned later that their decision to reduce coverage ended up costing them more. Your strategy should be to find the BEST coverage for the lowest cost while still protecting your assets.

For more information, feel free to visit these articles:

• Safety Belts FAQ (iihs.org)
• Five Tips to Save on Auto Insurance (Insurance Information Insitute)
• Booster Seat Ratings (iihs.org)
• Understanding Your Insurance Deductible (Insurance Information Insitute)
• Auto Insurance Learning Center (State Farm)