2015 Lexus LS 600h L Car Insurance Rates – 9 Savings Tips

No car owner fancies paying their premiums for insurance coverage, in particular when their premiums are too high. Big-name insurance companies like State Farm, Allstate, Geico and Progressive promote their brand names with TV and radio ads and it is challenging if not impossible to ignore the flying pigs and cute green geckos and take the time to shop coverage around.

How to buy insurance

There are a variety of methods you can shop for insurance and some are easier and takes less work. You can waste a few hours (or days) discussing policy coverages with insurance companies in your area, or you can utilize the web to maximize your effort.

Many companies enroll in a system where prospective buyers submit one quote, and every company then returns a price quote. This system prevents you from having to do form submissions for each company.

To find out how much you’re overpaying now click here (opens in new window).

One minor caviat to using this type of system is you cannot specify the providers to get pricing from. So if you want to select specific providers to receive pricing from, we have a listing of companies who write insurance in your area. Click to view list.

How you compare quotes is your choice, just try to keep the exact same coverage information on every quote you get. If you are comparing mixed coverages you can’t possibly make an equal comparison.

Pay discount rates these nine discounts

The price of auto insurance can be rather high, but companies offer discounts that can drop the cost substantially. Certain credits will be shown when you get a quote, but a few must be inquired about prior to getting the savings.

• Air Bags and Passive Restraints – Vehicles equipped with air bags or motorized seat belts may qualify for discounts of more than 20%.
• Government Employee Discount – Federal government employees could qualify for a slight premium decrease on LS 600h L insurance but check with your company.
• Lower Rates for Military – Having a deployed family member could be rewarded with lower insurance rates.
• Theft Deterent – Vehicles equipped with tracking devices and advanced anti-theft systems are stolen less frequently and that can save you a little bit as well.
• Discounts for Responsible Drivers – Insureds without accidents can pay as much as 50% less on LS 600h L insurance than less cautious drivers.
• College Student Discount – Kids who are enrolled in higher education away from home without a vehicle on campus may be able to be covered for less.
• Early Signing – A few insurance companies offer discounts for switching companies early. It can save you around 10%.
• Use Seat Belts – Drivers who require all vehicle occupants to buckle their seat belts could cut 10% or more off the medical payments premium.
• Safety Course Discount – Passing a driver safety course can save you 5% or more and make you a better driver.

As a footnote on discounts, most discounts do not apply to the entire cost. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. Even though the math looks like you could get a free insurance policy, it’s just not the way it works.

Popular insurance companies and the discounts they provide are included below.

• The Hartford offers premium reductions for bundle, defensive driver, vehicle fuel type, anti-theft, driver training, and good student.
• American Family policyholders can earn discounts including air bags, accident-free, Steer into Savings, TimeAway discount, good driver, and good student.
• Progressive has discounts for online signing, good student, multi-vehicle, continuous coverage, and online quote discount.
• Travelers may include discounts for new car, driver training, multi-policy, IntelliDrive, save driver, continuous insurance, and hybrid/electric vehicle.
• Farmers Insurance offers discounts for electronic funds transfer, distant student, switch companies, alternative fuel, homeowner, pay in full, and bundle discounts.
• USAA may offer discounts for new vehicle, driver training, military installation, multi-policy, and good student.
• Liberty Mutual includes discounts for newly married, multi-policy, new vehicle discount, newly retired, and safety features.

Before you buy a policy, ask each insurance company which discounts you qualify for. All car insurance discounts might not be available to policyholders everywhere. To locate providers with discount rates, click here to view.

Special considerations

When choosing the right insurance coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Everyone’s needs are different and a cookie cutter policy won’t apply. For example, these questions might point out whether your personal situation will benefit from professional help.

• Does my insurance cover a custom paint job?
• Does my medical payments coverage pay my health insurance deductible?
• Am I covered when driving on a suspended license?
• What if I owe more than I can insure my car for?
• Am I covered when renting a car or should I buy coverage from the car rental agency?
• Is motorclub coverage worth it?
• Am I insured when driving a different vehicle?
• Can I afford to buy a different vehicle if my 2015 Lexus LS 600h L is totaled?
• Should I waive the damage coverage when renting a car?

If it’s difficult to answer those questions, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Coverages available on your insurance policy

Understanding the coverages of insurance aids in choosing which coverages you need and proper limits and deductibles. Insurance terms can be confusing and nobody wants to actually read their policy. Listed below are typical coverages available from insurance companies.

Medical costs insurance

Med pay and PIP coverage pay for immediate expenses like ambulance fees, dental work, chiropractic care, pain medications and hospital visits. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants in addition to being hit by a car walking across the street. PIP is not universally available and gives slightly broader coverage than med pay

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants as well as damage to your Lexus LS 600h L.

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 your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Liability coverages

Liability insurance can cover injuries or damage you cause to people or other property in an accident. It protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 100/300/100 that means you have a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims such as emergency aid, funeral expenses, repair bills for other people’s vehicles, bail bonds and medical expenses. How much liability coverage do you need? That is a personal decision, but buy as much as you can afford.

Comprehensive or Other Than Collision

Comprehensive insurance 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 such as hail damage, theft, hitting a bird, damage from getting keyed and fire damage. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Collision protection

This pays for damage to your LS 600h L resulting from a collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like colliding with another moving vehicle, colliding with a tree, backing into a parked car and driving through your garage door. This coverage can be expensive, so consider dropping it from older vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.