How many times have you told yourself it’s time to shop around for lower-priced Lexus LC 500 insurance in Phoenix? Did you come to the realization that you have overpriced Lexus LC 500 insurance in Phoenix? Say no more because there are many Phoenix consumers feeling the pinch from expensive insurance.
Astonishing but true, almost 70% of drivers have remained with the same insurance company for more than four years, and approximately 40% of consumers have never compared rates with other companies. Most drivers in Phoenix could save as much as 50% every year, but they just assume it’s a time-consuming process to find cheaper rates by getting comparison quotes.
Online insurance companies like GEICO, Progressive and Allstate continually hit you with advertising and it can be hard to ignore the flying pigs and cute green geckos and do the work needed to find the best deal.
Affordable rates by receiving discounts
Some companies don’t always list the complete list of policy discounts very clearly, so we researched some of the more common in addition to some of the lesser obvious credits available to you.
- Student Discounts – Getting good grades may save as much as 25% on a Phoenix car insurance quote. Most companies allow this discount up until you turn 25.
- Auto/Home Discount – If you can bundle your auto and home insurance and insure them with the same company you could save as much as 10 to 15 percent.
- Active Service Discounts – Being on active deployment in the military may qualify for rate reductions.
- Pay Now and Pay Less – By making one initial payment instead of paying each month you can avoid the installment charge.
- Safety Course Discount – Successfully completing a driver safety course is a good idea and can lower rates if your company offers it.
While discounts sound great, it’s important to understand that some of the credits will not apply to the entire cost. Most only apply to specific coverage prices like liability and collision coverage. Just because it seems like you can get free auto insurance, insurance companies wouldn’t stay in business. Any qualifying discounts will definitely lower your policy cost.
Companies that may offer these money-saving discounts include:
If you want affordable Phoenix car insurance quotes, ask each company or agent which discounts you qualify for. Some discounts listed above might not apply in every state. To view insurers that offer discounts in Phoenix, click here to view.
Cheapest Lexus LC 500 insurance rate quotes in Phoenix
All major insurance companies like State Farm and Allstate allow consumers to get coverage prices online. Obtaining pricing for Lexus LC 500 insurance in Phoenix can be done by anyone as you just type in the coverage amounts you desire as requested by the quote form. After you submit the form their quoting system collects credit information and your driving record and returns a price based on many factors. Being able to quote online for Lexus LC 500 insurance in Phoenix simplifies rate comparisons, and it is imperative to compare as many rates as possible if you want to find a better rate.
To quickly compare rates using this form now, visit the companies below or click here to submit a quote request to multiple companies at once. To compare your current rates, we recommend you duplicate coverages and limits as shown on your current policy. This helps ensure you’re receiving rate quotes based on identical coverages.
The providers in the list below are ready to provide comparison quotes in Phoenix, AZ. If multiple companies are listed, we suggest you visit several of them to get the best price comparison.
Informed Consumers Know How to Buy Insurance Cheaper
Many things are part of the equation when you get your auto insurance bill. Most are fairly basic such as traffic violations, but others are less apparent such as your marital status or your commute time.
Shown below are most of the major factors companies use to determine your rates.
Better drivers pay better prices – Drivers with clean records pay less for auto insurance compared to drivers with tickets. Even a single driving citation can increase the cost of insurance twenty percent or more. Drivers who have received serious violations such as DUI or reckless driving may face state-mandated requirements to complete a SR-22 with their state’s licensing department in order to continue driving.
No insurance policy gaps is important – Having an insurance coverage lapse is a sure-fire way to bump up your insurance costs. And not only will your rates increase, getting caught without coverage might get you a hefty fine and possibly a revoked license.
Safer cars mean better rates – Safe vehicles cost less to insure. Vehicles built for safety help reduce the chance of injuries in an accident and any reduction in injury severity means less claims paid and lower rates for you.
Your address can impact price – Being located in a rural area has definite advantages when trying to find low car insurance rates. Fewer people corresponds to lower accident rates in addition to lower liability claims Urban drivers have more traffic problems and higher rates of accident claims. The longer drive time statistically corresponds to a higher accident and claim rate.
Is you job costing you more? – Did you know your job can affect your rates? Occupations like doctors, architects and medical professionals generally have higher rates than the rest of us due to intense work requirements and incredibly demanding work hours. Conversely, careers like professors, engineers and performers get better rates.
Extra coverages could be costing you – There are many extra bells and whistles that can waste your money on your LC 500 policy. Coverage for things like replacement cost coverage, towing, and term life insurance may be costing you every month. These coverages may sound good when discussing your needs, but if they’re wasting money get rid of them and save.
Low credit rating equals high costs – Having a bad credit score is a large factor in calculating your insurance rates. Therefore, if your credit leaves room for improvement, you could save money insuring your Lexus LC 500 by improving your credit score. People with good credit tend to file fewer claims than drivers who have worse credit.
Mature drivers pay less – Mature drivers are shown to be more cautious, cost insurance companies less in claims, and receive fewer citations.Teen drivers have a tendency to be more careless when driving with friends so insurance rates are higher.
Everyone needs different insurance coverages
When choosing proper insurance coverage for your vehicles, there really is not a best way to insure your cars. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. For example, these questions might help in determining if your insurance needs will benefit from professional help.
- Does having multiple vehicles earn me a discount?
- Can my teen driver be rated on a liability-only vehicle?
- At what point should I drop full coverage?
- Is my son or daughter covered when driving my car?
- When should my teen driver be added to my policy?
- Do I need special coverage while pulling a rented trailer?
- What if a claim settlement is too low?
If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.
Independent and exclusive auto insurance agents
Certain consumers prefer to buy from a local agent and there is nothing wrong with that. A good thing about price shopping on the web is that drivers can save money and get cheaper premium rates but also keep your business local. Buying from and supporting local agencies is important especially in Phoenix.
After filling out this form (opens in new window), your coverage information is immediately sent to agents in your area who will gladly provide quotes for your business. You don’t have to drive around since price quotes are sent to your email. Get lower rates and a licensed agent to talk to. In the event you want to quote rates from a specific insurance provider, you just need to go to their quote page and give them your coverage information.
The following are Phoenix auto insurance companies that may be willing to give comparison quotes for Lexus LC 500 insurance in Phoenix.
Andy Carrillo – State Farm Insurance Agent
4713 E Southern Ave – Phoenix, AZ 85042 – (602) 426-8088 – View Map
Picking an insurance company shouldn’t rely on just a cheap price. Before buying a policy in Phoenix, get answers to these questions.
- How long have they worked with personal auto insurance coverage?
- Will one accident increase rates?
- Does the agency have a current Errors and Omissions policy?
- Do they have any clout with companies to ensure a fair claim settlement?
- How would your car be valued if totalled?
- Can glass repairs be made at your home?
Choosing LC 500 insurance is an important decision
Even though it’s not necessarily cheap to insure a Lexus in Phoenix, buying auto insurance may be mandatory for several reasons.
First, most states have minimum liability requirements which means you are required to carry a specific minimum amount of liability insurance in order to drive the car. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your LC 500 has a loan, almost all lenders will force you to buy insurance to ensure they get paid if you total the vehicle. If you default on your policy, the bank may insure your Lexus at a more expensive rate and require you to reimburse them for the much more expensive policy.
Third, auto insurance protects not only your car but also your financial assets. Insurance will pay for most medical and hospital costs for yourself as well as anyone injured by you. Liability insurance will also pay attorney fees if you cause an accident and are sued. If your car is damaged in a storm or accident, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.
The benefits of carrying adequate insurance greatly outweigh the cost, particularly if you ever have a claim. According to a survey of 1,000 drivers, the average driver is wasting up to $750 every year so it’s very important to do a rate comparison at least once a year to be sure current rates are still competitive.
Insurance savings summarized
As you restructure your insurance plan, it’s not a good idea to sacrifice coverage to reduce premiums. There are a lot of situations where someone sacrificed uninsured motorist or liability limits and discovered at claim time that it was a big error on their part. Your goal is to purchase a proper amount of coverage at the lowest possible cost.
Cheap Lexus LC 500 insurance in Phoenix can be bought on the web as well as from independent agents in Phoenix, so get free Phoenix car insurance quotes from both of them to have the best chance of lowering rates. Some insurance providers may not have rates over the internet and usually these small, regional companies only sell coverage through local independent agencies.
For more information, link through to the following helpful articles:
- Cellphones, Texting and Driving (iihs.org)
- Who Has Cheap Phoenix Car Insurance Rates for a Honda Accord? (FAQ)
- Who Has Cheap Auto Insurance Rates for Immigrants in Phoenix? (FAQ)
- Who Has the Cheapest Auto Insurance for Uber Drivers in Phoenix? (FAQ)
- Who Has Cheap Phoenix Car Insurance for Seniors? (FAQ)
- Crash Avoidance Technologies FAQ (iihs.org)
- Electronic Stability Control FAQ (iihs.org)
- Credit and Insurance Scores (Insurance Information Institute)
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)